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Question 3 / 13 A rapidly growing small business does not offer a retirement plan, but new candidates are frequently asking about a 401(k). The
Question 3 / 13 A rapidly growing small business does not offer a retirement plan, but new candidates are frequently asking about a 401(k). The owner recognizes that they are missing out on talent because they do not offer this benefit. What should the business owner do? Offer equity since it's less of an immediate cost Offer other less expensive benefits instead of a 401(k) O Hold off on offering a 401(k) until the company employs at least 100 people Explain the benefits of working for a small business and that 401(k)s are more common in big organizations O Research 401(k) plans to see if it's financially feasible . Rectangular SnipQuestion 8 I 13 An employee asks you what benet a Roth 401(k) has over a traditional 401(k). What should you tell her? 0 You aren't taxed on income that you contribute to a Roth 401(k) 0 You won't have to pay taxes on Roth 401 (k) income in retirement 0 You can contribute more to a Roth 401 (k) than to a traditional 401 (k) O The company can legally match more Roth 401(k) contributions O The company match toward Roth 401 (k) is taxed at a lower rate Question 5 / 13 Unitech Industries offers comparatively low compensation but many unique benefits to its employees. Which approach is the best way to communicate this information? O Schedule an annual compensation and benefits fair for employees Send monthly memos highlighting the compensation and benefits plans Create a total rewards dashboard summarizing the value of all benefits offered to employees Conduct compensation and benefits training sessions with employees Publish reports describing competitor compensation and benefits plansQuestion 9 / 13 Americas Bank just found out that the US Department of Labor passed a new law increasing the salary threshold for exempt workers. Americas Bank employees may need to have their status reclassified from exempt to non-exempt, or have their pay raised to be above the new threshold. What's the first step Americas Bank must take to ensure it's in compliance with the new law? Evaluate systems for time-keeping O Forecast financial ramifications O Review job descriptions O Administer training to all affected employees Develop a communication strategy
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