Your Work Force Is Diverse in Terms of Their Needs

question 6

Multiple Choice

Your work force is diverse in terms of their needs for benefits. Jim is married with two children and his wife is at home full time. Janet is single and supports her widowed mother. Bob is married and his wife has a high-paying job. You decide that you want to devise a benefits program which is tailored to their individual needs.
-What sort of benefit program would probably be the best choice?

• A) a traditional benefit program
• B) a flexible benefit program
• C) letting them purchase their own benefits
• D) an ESOP
• E) an AESOP

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Definitions:

Treatment Group

A group in an experimental study that receives the intervention or treatment being tested.

Retention Rate

The percentage of individuals who remain engaged or enrolled in a program, institution, or employment over a specified period.

Hypothesis Test

A statistical method used to determine whether there is enough evidence in a sample of data to infer that a certain condition holds true for a larger population.

Critical Value

A point on the scale of the test statistic beyond which we reject the null hypothesis; it is determined by the chosen significance level.