Table of Contents
- 1 What is a specific requirement regarding the number of employees in a simple plan?
- 2 What is downsize through attrition?
- 3 Which term refers to an organization that gives an employee the ability to appeal a decision of the job evaluation committee?
- 4 What is a simple plan?
- 5 What is a good attrition rate?
- 6 What is an example of attrition?
- 7 Which of the following best describes recruitment?
- 8 Which is an example of a layoff and reduction?
- 9 Which is an example of a funding reduction?
What is a specific requirement regarding the number of employees in a simple plan?
Who can establish a SIMPLE IRA plan? Any employer (including self-employed individuals, tax-exempt organizations and governmental entities) that had no more than 100 employees with $5,000 or more in compensation during the preceding calendar year (the “100-employee limitation”) can establish a SIMPLE IRA plan.
What is downsize through attrition?
Understanding Attrition Attrition is commonly used to describe the deliberate downsizing of a company’s workforce. Downsizing happens when employees resign or retire. 1 This type of reduction in staff is called a hiring freeze. It is one way a company can decrease labor costs without the disruption that layoffs.
Which term refers to an organization that gives an employee the ability to appeal a decision of the job evaluation committee?
Which term refers to an organization that gives an employee the ability to appeal a decision of the job evaluation committee? procedural justice. What occurs to the female job class if the percentage of secretaries in that job class changes from 95 percent to 30 percent? It remains a female job class.
Which of the following best describes the responsibility for HR planning?
____ is the process of analyzing and identifying the need for and availability of human resources so that the organization can meet its objectives. Which of the following best describes the responsibility for HR planning? HR planning is the responsibility of the organization’s top management.
Is a SIMPLE IRA the same as a 401k?
A 401(k) plan can be offered by any type of employer, but a SIMPLE IRA is designed for small businesses with 100 or fewer employees. With SIMPLE IRAs, employees are always 100 percent vested, while 401(k) plans may have different vesting rules for employer contributions.
What is a simple plan?
What Is a SIMPLE Plan? A Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) is a type of tax-deferred retirement account that may be established by employers, including self-employed individuals. The employer is allowed a tax deduction for contributions made to a SIMPLE account.
What is a good attrition rate?
As mentioned earlier, 10% is a good figure to aim for as an average employee turnover rate – 90% is the average employee retention rate. With that said, the 10% who are leaving should be a majority of low performers – ideally, low performers who are able to be replaced with engaged, high-performing team members.
What is an example of attrition?
An example of attrition is a cliff face eroding due to rain and wind. An example of attrition is one army wearing down another throughout the course of a war. A rubbing away or wearing down by friction. Loss of personnel in an organization in the normal course of events, as by retirement.
How can we perform an effective job evaluation?
10 steps to developing a successful job evaluation
- Outlining the job.
- Selecting a job evaluation method.
- Classification method.
- Hay or point method.
- Decide what factors you most value.
- Assess the job in terms of these factors.
- Rank this job relative to the other jobs in your organisation.
What is meant by strategic HR planning?
Strategic HR planning predicts the future HR needs of the organization after analyzing the organization’s current human resources, the external labour market and the future HR environment that the organization will be operating in.
Which of the following best describes recruitment?
Which of the following best describes recruitment? It is an act of hiring from among qualified applicants.
Which is an example of a layoff and reduction?
Such layoffs typically involve small numbers of employees who often know about the possibility of layoff well in advance of the time that the layoff action becomes necessary. Examples include situations where: A grant, contract, or self-sustaining funding reduction affects three or fewer employees.
Which is an example of a funding reduction?
Examples include situations where: A grant, contract, or self-sustaining funding reduction affects three or fewer employees. Changed research project goals or the end of a phase of research mean that a position that performs dedicated, specialized tasks is no longer needed.
What does a grant, contract, or self sustaining funding reduction mean?
A grant, contract, or self-sustaining funding reduction affects three or fewer employees. Changed research project goals or the end of a phase of research mean that a position that performs dedicated, specialized tasks is no longer needed. A faculty support staff position is no longer needed because the faculty member is leaving the University.
What does layoff mean in human resources category?
For regular classified non-union and contract covered staff, layoff is the elimination of a position, the reduction of a position’s percent FTE, or a reduction in the number of months the position works annually due to a lack of work, a lack of funds and/or because of a reorganization.