You Have Just Been Hired as the Director of Human

question 50

Multiple Choice

You have just been hired as the Director of Human Resources at a sportswear retailer.The employee handbook states that "all employees will have the benefits listed in the handbook for as long as they are employed with the company." In revising the contents of the employee handbook,it is an important component of your role to be aware of which of the following?

• A) Employee handbooks should not form part of the orientation process since the handbook is updated regularly.
• B) Employees must review handbooks outside of the actual workplace.
• C) In employee dismissal situations, courts rarely review handbooks as the contents are not legally important.
• D) Some courts have found employee handbook contents to represent a contract with the employee.
• E) It is a best practice to keep benefits static over time particularly to appease long-term employees who may feel that new employees are receiving a better deal.

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Definitions:

Debt-To-Equity Ratio

A measure used to evaluate a company's financial leverage, calculated by dividing its total liabilities by stockholders' equity.

Long-Term Debt

Financial obligations of a company that are due more than one year in the future, often in the form of loans or bonds.

Short-Term Debt

Financial obligations that are due for repayment within one year.

Return On Total Assets

A financial ratio that measures a company's profitability in relation to its total assets, indicating how efficiently a company uses its assets to generate profit.