Work Applications

Questions for thought and discussion that allow you to make the connection between your learning content and your experiences in the working world. 

Work Application 11.1
Select a job. Assess the advantages and disadvantages of offering incentives for your job and whether the criteria are met for individual incentives to be effective at motivating employees.

Advantages and Disadvantages of Individual Incentives
LO 11.1 Identify the advantages and disadvantages of individual incentives.

Work Application 11.2
Select a job. Does the organization offer bonuses? If not, how could it offer bonuses to effectively motivate employees? Assess the advantages and disadvantages of offering bonuses at your organization. Should it offer bonuses?

Bonuses
LO 11.1 Identify the advantages and disadvantages of individual incentives.

Work Application 11.3
Select a job. Does the organization offer commissions? If not, how could it offer commissions to effectively motivate employees? Assess the advantages and disadvantages of offering commissions at your organization. Should it offer commissions?

Commissions
LO 11.1 Identify the advantages and disadvantages of individual incentives.

Work Application 11.4
Select a job. Assess the advantages and disadvantages of offering incentives for your work group and whether the criteria are met for group incentives to be effective at motivating employees.

Advantages and Disadvantages of Group Incentives
LO 11.2 Identify the advantages and disadvantages of group incentives.

Work Application 11.5
Select a job at a for-profit company. Does the organization offer profit sharing? If not, how could it offer a profit sharing plan to effectively motivate employees? Assess the advantages and disadvantages of offering profit sharing at your company. Should it offer a profit sharing plan?

Profit Sharing
LO 11.2 Identify the advantages and disadvantages of group incentives.

Work Application 11.6
Select a job at a for-profit company. Does the organization offer stock options and/or stock ownership? If not, how could it offer one or the other to effectively motivate employees? Assess the advantages and disadvantages of offering stock options and stock ownership at your company. Should it offer stock options and/or a stock ownership plan?

Employee Stock Plans
LO 11.2 Identify the advantages and disadvantages of group incentives.

Work Application 11.7
Would you say the CEO of an organization you work(ed) for is overpaid, underpaid, or paid fairly for the contribution made to the firm?

Executive Compensation
LO 11.3 Discuss the issue of whether or not executive compensation is too high.

Work Application 11.8
Would you say the Dodd-Frank Act will help, hurt, or have no effect on an organization you work or have worked for?

The Dod-Frank Wall Street Reform and Consumer Protection Act of 2010
LO 11.3 Discuss the issue of whether or not executive compensation is too high.

Work Application 11.9
Identify the incentives received by the CEO of an organization you work or have worked for.

Executive Incentives
LO 11.3 Discuss the issue of whether or not executive compensation is too high.

Work Application 11.10
Look at your last pay stub. How much was taken out for Social Security tax and Medicare tax? How much did your employer pay?

Social Security and Medicare
LO 11.4 Summarize the major statutory benefits required by federal law.

Work Application 11.11
How would you rate the risk of occupational injury or illness where you work or at an organization where you have worked? Is it high, moderate, or low? Why?

Worker’s Compensation
LO 11.4 Summarize the major statutory benefits required by federal law.

Work Application 11.12
Which, if any, statutory requirements governing certain voluntary benefits would be mandatory where you work or have worked?

Employee Retirement Income Security Act of 1974 (ERISA)
LO 11.5 Name the main statutory requirements that must be followed if organizations choose to provide health care or retirement plans for their employees.

Work Application 11.13
Select a company that offers health insurance and identify the type of insurance it offers.

Group Health Insurance
LO 11.6 Describe the main categories of voluntary benefits available to organizations.

Work Application 11.14
Select a company that offers retirement benefits and state the type of plan it offers. If it is a defined benefit, describe the plan. If it is a defined contribution, identify the option selected and any matching contributions the employer offers.

Retirement Benefits
LO 11.6 Describe the main categories of voluntary benefits available to organizations.

Work Application 11.15
Identify the paid time off benefits offered where you work or have worked.

Paid Time Off
LO 11.6 Describe the main categories of voluntary benefits available to organizations.

Work Application 11.16
Select a company that offers voluntary benefits. Besides paid time off, retirement, and health and employee insurance, what other benefits does it offer?

Other Employee Benefits
LO 11.6 Describe the main categories of voluntary benefits available to organizations.

Work Application 11.17
Select a company that offers a flexible benefit plan. Identify its type and describe the major benefit options within that category of flexibility.

Full Choice Plans
LO 11.7 List the organization’s options when providing flexible benefit plans to employees.