Sl To Sa Final Assessment - Benefits Process
Questions and Answers
- 1.
A full-time member has an opportunity to trade annual leave down by a minimum of 25 days to a maximum of __ days.
Explanation
The correct answer is 30 days. A full-time member can trade annual leave down by a minimum of 25 days, which means they can reduce their annual leave by 25 days. The maximum number of days they can trade down is 30 days, allowing them to have a minimum of 5 days of annual leave remaining. This option gives full-time members flexibility in managing their leave balance.Rate this question:
- 2.
If member bought or sold a holiday, the value of a day is _____ of his Reference Salary.
Explanation
The correct answer is 1/260th, 1/260. This suggests that the value of a day is calculated as a fraction of the member's Reference Salary, specifically 1/260th or 1/260. This implies that the member's Reference Salary is divided by 260 to determine the value of a single day.Rate this question:
- 3.
An excel file that contains the record and history of company vehicles, this serves as UK vehicle master list.
- A.
Leaver Holiday Entitlement
- B.
UK Car fleet Admin Spreadsheet
- C.
Global Benefits Cheat Sheet
- D.
Add driver details Spreadsheet
Correct Answer
B. UK Car fleet Admin SpreadsheetExplanation
The UK Car fleet Admin Spreadsheet is the correct answer because it is an Excel file that contains the record and history of company vehicles. It serves as the UK vehicle master list, which suggests that it is used to manage and track information about the company's fleet of cars in the UK. The other options mentioned in the question are unrelated to this specific purpose.Rate this question:
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- 4.
At what percentage of member’s reference salary he may able to extend the pHI cover already supplied by the Company?
- A.
78%
- B.
65%
- C.
70%
- D.
75%
Correct Answer
D. 75%Explanation
The correct answer is 75%. This means that a member can extend the PHI cover already supplied by the company up to 75% of their reference salary.Rate this question:
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- 5.
The CGI UK accredited provider for health screening / assessment benefit.
- A.
Friends Life
- B.
Aviva
- C.
BUPA Wellness
- D.
Sun Life Financial
Correct Answer
C. BUPA WellnessExplanation
BUPA Wellness is the correct answer because it is an accredited provider for health screening and assessment benefits in the UK. The other options, Friends Life, Aviva, and Sun Life Financial, may offer different types of insurance or financial services, but they are not specifically recognized as accredited providers for health screening and assessment benefits.Rate this question:
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- 6.
For new recruits hired from 01 April 2013 onwards, what job classifications are link to car allowance?
- A.
Individual Contributor, Manager, Director, Vice President
- B.
Individual Contributor, Manager, Director, President
- C.
Individual Contributor, Consultant, Director, Vice President
- D.
Subcontractor, Manager, Director, Vice President
Correct Answer
A. Individual Contributor, Manager, Director, Vice PresidentExplanation
The job classifications that are linked to car allowance for new recruits hired from 01 April 2013 onwards are Individual Contributor, Manager, Director, and Vice President.Rate this question:
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- 7.
This is intended to provide new hires with the appropriate financial assistance wherein moving home is a condition of their employment offer.
- A.
Car Allowance
- B.
Moving Away Allowance
- C.
Student Relocation Allowance
- D.
Shift Allowance
Correct Answer
C. Student Relocation AllowanceExplanation
The correct answer is Student Relocation Allowance because it is stated in the question that the financial assistance is intended for new hires who are moving home as a condition of their employment offer. The term "relocation" suggests that the allowance is specifically for covering the costs associated with moving to a new location, which aligns with the given scenario. Additionally, the term "student" implies that this allowance is targeted towards individuals who are pursuing education or entering the workforce for the first time, which is likely the case for new hires.Rate this question:
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- 8.
Allowance given to compensate for the loss of the mileage increment tax relief of the member.
- A.
Relocation Allowance
- B.
Long Term Mileage Allowance
- C.
Car Allowance
- D.
Shift Allowance
Correct Answer
B. Long Term Mileage AllowanceExplanation
Long Term Mileage Allowance is the correct answer because it is given to compensate for the loss of the mileage increment tax relief of the member. This allowance is provided to cover the expenses incurred by the member for long-term travel or commuting, which may include fuel costs, maintenance, and wear and tear on the vehicle. It is specifically designed to compensate for the increased mileage and associated expenses that the member incurs due to their job requirements.Rate this question:
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- 9.
Who approves the Discretionary bonus payment requests?
- A.
Tim Gregory or Denise Sefton
- B.
David Ivie or Rachael Gauntlett
- C.
Robert Parker or Jody Burgess
- D.
Matthew Davies or Noreen Haider
Correct Answer
A. Tim Gregory or Denise SeftonExplanation
Tim Gregory or Denise Sefton are the individuals responsible for approving the Discretionary bonus payment requests. They have the authority to review and assess these requests to determine if they meet the necessary criteria for approval. This suggests that they hold a position of authority within the organization and have the final say in whether or not these bonus payments are granted.Rate this question:
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- 10.
What is the new standard reward value for Member Recognition Scheme?
- A.
£500
- B.
£150
- C.
£1500
- D.
£105
Correct Answer
B. £150Explanation
The new standard reward value for the Member Recognition Scheme is £150.Rate this question:
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- 11.
What employment categories are not eligible for the referral award?
- A.
Director
- B.
Manager
- C.
Vice President
- D.
President
Correct Answer(s)
A. Director
C. Vice President
D. PresidentExplanation
The employment categories of Director, Vice President, and President are not eligible for the referral award. This means that individuals holding these positions are not eligible to receive the referral award.Rate this question:
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- 12.
When is the First payment due to the referrer?
- A.
First payroll following the new member's successful completion of 4 month's service.
- B.
First payroll following the new member's successful completion of 5 month's service.
- C.
First payroll following the new member's successful completion of 3 month's service.
- D.
First payroll following the new member's successful completion of 2 month's service.
Correct Answer
C. First payroll following the new member's successful completion of 3 month's service.Explanation
The first payment to the referrer is due after the new member successfully completes 3 months of service. This means that the referrer will receive their payment on the first payroll following the completion of the new member's 3 months of service.Rate this question:
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- 13.
When is cycle to work scheme available to members?
- A.
Anytime of the year
- B.
Once the member has a valid lifestyle change
- C.
Upon joining the company
- D.
Annual Enrolment only
Correct Answer
D. Annual Enrolment onlyExplanation
The cycle to work scheme is only available to members during the annual enrollment period. This means that members can only participate in the scheme once a year, during a specific enrollment period. Outside of this period, the scheme is not available to members.Rate this question:
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- 14.
For Cycle To Work scheme, Member will receive his _____________electronically at the end of the enrolment period.
Correct Answer
Hire AgreementExplanation
The member will receive his Hire Agreement electronically at the end of the enrollment period for the Cycle To Work scheme. The Hire Agreement is a document that outlines the terms and conditions of the scheme, including the details of the bike hire and any associated payments or deductions. By receiving the Hire Agreement electronically, the member can easily access and review the agreement, ensuring that they understand their obligations and benefits under the scheme.Rate this question:
- 15.
Why did the UK Compensation & Benefits Team decide to cease the application of Home Purchase Plan?
- A.
Due to SPP auto-enrollment
- B.
Due to PMI auto-enrollment
- C.
Due to holiday auto-enrollment
- D.
Due to pension auto-enrollment
Correct Answer
D. Due to pension auto-enrollmentExplanation
The UK Compensation & Benefits Team decided to cease the application of the Home Purchase Plan because of the pension auto-enrollment. This suggests that the team made this decision in order to prioritize or focus on the pension auto-enrollment program, possibly due to its importance or significance within the organization.Rate this question:
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- 16.
HBOS Stands for ________.
Correct Answer
Halifax Bank of ScotlandExplanation
HBOS stands for Halifax Bank of Scotland. This acronym represents the merger of two major banks, Halifax and Bank of Scotland. The combination of their names creates the abbreviation HBOS. This financial institution operates in the United Kingdom and provides a range of banking services to its customers.Rate this question:
- 17.
MTA Stands for _____________.
Correct Answer
Mid Term AdjustmentExplanation
MTA stands for Mid Term Adjustment. This term is commonly used in insurance policies to refer to changes made to the coverage or premium during the policy period, usually at the midpoint. It allows policyholders to adjust their insurance policies to better meet their needs or reflect any changes in their circumstances. Mid Term Adjustment can involve adding or removing coverage, changing policy limits, or adjusting the premium amount.Rate this question:
- 18.
Letter that advises that the member’s claim for Income protection has now been formally admitted by the insurers. This details the commencement date of the benefit and the maximum annual payable amount to the member.
- A.
PHI Escalation Letter
- B.
PHI Acceptance Letter
- C.
Edenred Welcome Letter
- D.
Cyclescheme Electronic Voucher
Correct Answer
B. pHI Acceptance LetterExplanation
The correct answer is "PHI Acceptance Letter". This is because the given description mentions that the letter advises the member that their claim for Income Protection has been formally admitted by the insurers. This indicates that the letter is accepting the member's claim for Income Protection, which aligns with the term "acceptance" in the answer option. Additionally, the letter also provides details such as the commencement date of the benefit and the maximum annual payable amount to the member, which further supports the idea that it is an acceptance letter for the member's claim.Rate this question:
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- 19.
True or False. If you selected holiday benefit (buy and sell) for 2014 your choice will NOT be carried forward to 2015.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
If you selected the holiday benefit (buy and sell) for 2014, it means that you made a choice regarding this benefit for that specific year. The statement "your choice will NOT be carried forward to 2015" implies that this choice will not be automatically applied or transferred to the following year. Therefore, the correct answer is True, indicating that your choice for the holiday benefit in 2014 will not have any effect or carry over to 2015.Rate this question:
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- 20.
True or False, Anyone can send a Member Recognition Scheme payment request.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The correct answer is False. Not anyone can send a Member Recognition Scheme payment request. The Member Recognition Scheme is a specific program or system that likely has certain criteria or requirements for sending payment requests. It is not open to everyone and there may be restrictions or qualifications that need to be met in order to participate in or send payment requests through this scheme.Rate this question:
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Current Version
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Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Jan 18, 2015Quiz Created by
Miguelr
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