What is the term for a companywide plan where the employer contributes its own stock to a trust for employees?
Explanation
An Employee Stock Ownership Plan (ESOP) is a specific type of defined contribution retirement plan that invests primarily in the employer's stock, making employees owners in the company.
Other questions
What is the first step in the traditional recruitment and selection process as outlined in Chapter 5?
According to the text, what is workforce (or employment or personnel) planning?
Which forecasting technique involves studying a firm’s past employment levels over a period of years to predict future needs?
In the Recruiting Yield Pyramid example from Chapter 5, how many leads must the firm generate to ultimately hire 50 new accountants?
Which of the following is NOT listed as an advantage of filling open positions with internal candidates?
What is the ongoing process of systematically identifying, assessing, and developing organizational leadership to enhance performance called?
According to a survey cited in the chapter, what percentage of new college graduates filled all externally filled jobs requiring a college degree?
What are online systems that help employers attract, gather, screen, compile, and manage applicants called?
Which of the following is NOT listed as a key concern for temporary employees?
What is the term for having outside vendors supply services that the company's own employees previously did in-house?
According to a survey by the Society for Human Resource Management (SHRM), what percentage of employer respondents found employee referral programs to be more cost-effective than other recruiting practices?
What is the primary purpose of an application form in the prescreening process?
What is the term for a graphical method that shows how two variables, such as sales and staffing levels, are related?
According to the text, what is a potential drawback of hiring from within?
What is the primary reason that finding and attracting qualified candidates is always important, even during times of high unemployment?
Which of the following is NOT a method for forecasting personnel needs mentioned in the text?
What type of information do qualifications or skills inventories primarily contain?
According to the text, what is the most common source of applicants for most employers?
What is a significant legal risk associated with using online application gathering, as mentioned in Chapter 5?
What is the primary function of executive recruiters, also known as headhunters?
When recruiting single parents, what two benefits are described as 'big single-parent magnets'?
What is the term for a recruiting tactic where union members are hired by nonunion employers for the purpose of organizing?
What is the primary purpose of the 'dot-jobs' domain as described in the text?
What is the primary advantage of using employee referrals for recruitment?
Which law requires most private employers to continue to make health benefits available to separated employees for a time, generally 18 months?
In the hospital example for a scatter plot on page 116, a hospital expanding to 1,200 beds would need approximately how many nurses?
What is the primary function of a personnel replacement chart?
What percentage of employers in a survey who had laid people off recently planned to bring some back?
Which of the following is NOT one of the main types of employment agencies discussed in the chapter?
The AIDA guide for constructing ads stands for:
What type of question on an application form is usually illegal to ask unless it may interfere with job performance?
According to Valero Energy's experience, implementing a new labor supply chain tool reduced the time-to-fill an open position to:
Which of the following is NOT a main topic embraced by workforce planning?
What is the primary role of a supervisor in the recruiting process, as discussed in the text?
According to the chapter, 'on-demand recruiting services' (ODRS) provide what kind of assistance?
When recruiting older workers, what did a survey find was the main concern for 71 percent of baby boomers?
What is the term for publicizing an open job to employees, usually by posting it on company intranets or bulletin boards?
What is a primary drawback of relying solely on walk-ins and unsolicited applications for recruitment?
The chapter mentions that using biodata from application forms can help predict employee tenure and performance. Which is an example of a biodata item?
Why do employers use a recruiting yield pyramid?
What is a potential negative consequence of having to reject internal candidates after an interview process?
According to the text, a recent survey found what percentage of interns turned into job offers?
Which of the following is a primary reason for the growing use of contingent or temporary workers?
What is the key difference between contingency-based and retained executive recruiters?
Why must employers be careful about questions regarding 'membership in organizations' on application forms?
What did the Valero Energy example illustrate about the cost per hire after implementing new recruiting tools?
Which federal act is NOT cited on page 118 as being relevant to keeping employee data private?
What is the main goal of on-campus recruiting for a campus recruiter?
According to the chapter, what is a key problem with virtual job fairs?
What is the term for a card prepared for a top position in a company that shows possible replacement candidates and their qualifications?