Quiz 16: Challenges Facing Compensation Professionals

During when did the U.S. economy experienced the longest recession after World War II?

How did General Motors and Chrysler respond to lower consumer demand during Great Recession?

According to Federal Reserve Bank, what percentage of industries have cut back production since the beginning of Great Recession?

What was the estimated number of underemployed workers in the United States during October-November 2007?

What is the mean hourly wages for all underemployed workers?

Jane holds a bachelor's degree in sociology. She works as a part-time taxi driver. This situation is an example of which of the following?

Which one of the following is NOT one of the long-term implications of underemployment?

The gap between productivity and real hourly compensation is the highest between the periods of

Which one of the developing Asian countries has the highest average pay rate?

Which one of the following is NOT one of the direct or indirect reasons of rising wages in China?

The goal of health care reform is to reduce the number of uninsured U.S. residents by how much in 2006?

Which of the following is NOT true about the changes brought by PPACA?

Tim owns a fruit distribution company and hires around 100 employees. Before PPACA became a law, he did not provide health insurance coverage for the workers. After March 2010, he started to provide the coverage. However, from then on, the costs of his company have been increasing exponentially. Which of the following cannot be one of the ways to limit the rising costs of offering health care coverage?

Which one of the following is NOT true about labor participation rate?

Which of the following is a typical benefit preferred by employees with children (male or female, coupled or uncoupled)?

Which of the following is NOT a typical benefit preferred by older workers?

________ refers to a general slowdown in economic activity.

________ is a situation in which a worker is forced to work part-time due to economic situations although s/he is willing to work full-time.

________ is a situation in which a worker possesses more qualifications, skill, and education than is required by his/her existing job.

________ measures the purchasing power of a dollar.

________ is the face value of a dollar.

List the four challenges for compensation professionals. Among these, describe the challenges brought by wage issues in China.

Briefly discuss the uncertainties brought by health care reform and changing workforce demographics.