Question 1

What is the notice that is provided by plan administrators to inform plan participants of any changes to their plans as required by ERISA?

Accepted Answer

The SMM is the Summary of Material Modification which needs to be given to the employees when there are any material changes to the plan or summary plan description (SPD).

Question 2

What is the international standard that provides guidance on key themes of social responsibility?

Accepted Answer

ISO 26000 - The International Organization for Standardization is an international standard-setting body composed of representatives from various national standards organizations.

Question 3

“Behavior is driven by intrinsic and extrinsic factors” refers to which Motivation theory?

Accepted Answer

Self-Determination theory proposes that that there are two main types of motivation: intrinsic and extrinsic and that both are powerful forces in shaping who we are and how we behave.

Question 4

How do you calculate employee turnover rate?

Accepted Answer

Turnover Rate = Number of Separations / Average Number of Employees x 100

Question 5

How do you calculate Return on Investment (ROI)?

Accepted Answer

The return of an investment (what you made on the investment) is divided by the cost of the investment (what you originally paid for the investment), and multiplied by 100 to get a percentage.