Automatic Data Processing, Inc. (ADP)
Benefits: Financial Protection, Growth & Assistance
Automatic Data Processing, Inc. (ADP)

Benefits: Financial Protection, Growth & Assistance

Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

9 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

9 hours to complete
3 weeks at 3 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Differentiate between different types of financial protection plans, including disability, life, accident, and critical illness insurance. 

  • Define the purpose of financial growth plans and how a well-designed strategy can benefit employees and the organization's total rewards program. 

  • List the basic features of defined benefit and defined contribution plans, with particular focus on details related to 401(k) plans.  

Details to know

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Recently updated!

August 2024

Assessments

9 assignments

Taught in English

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Build your Business Strategy expertise

This course is part of the ADP Entry-Level Compensation and Benefits Analyst Professional Certificate
When you enroll in this course, you'll also be enrolled in this Professional Certificate.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate from Automatic Data Processing, Inc. (ADP)
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There are 5 modules in this course

The first module in this course looks at benefit options employers might choose to protect the financial well-being of their employees and the value this strategy provides to both the employer and employees. You’ll take a closer look at sick, disability, and leave options and at life, accidental death and dismemberment (AD&D), and critical illness insurance. Finally, you’ll explore some of the typical administrative tasks and the metrics used to evaluate the success of these types of programs. Once complete, you’ll have an imputed income worksheet and scenario responses to add to your project portfolio.

What's included

12 videos4 readings3 assignments

In this section, you’ll look at plans designed to support employees’ financial growth – the different types and the value they create for both the organization and employees. You’ll get into the details of 401(k) plans – one of the most popular types in the market today. Finally, you’ll learn about the administrative responsibilities you may have as a Compensation and Benefits Analyst and the metrics used to measure the success of financial growth plans. In the end, you’ll have hands-on projects that demonstrate your ability to complete 401(k) calculations and evaluate the effectiveness of Blue Space Tech Performance Company’s 401(k) program.

What's included

12 videos7 readings2 assignments1 discussion prompt

In this module, you will continue your look at financial growth with a focus on Employee Stock Purchase Plans (ESPP) – a common offering in larger, publicly-traded organizations. You’ll start with an exploration of why organizations include this type of program in their total rewards strategy. Then, you will investigate common program details, administration tasks, and evaluation metrics. In the end, you’ll have a contribution and calculation worksheet for your project portfolio.

What's included

8 videos4 readings2 assignments

In this module, you’ll learn how organizations use education assistance programs as part of their total rewards strategies. While you’ll evaluate different types of education assistance, you’ll focus on tuition reimbursement – common program aspects, administrative tasks, and evaluative metrics.

What's included

3 videos4 readings1 assignment

In this module, you’ll spend time updating your Benefits Frequently Asked Questions (FAQ) document to address questions regarding the financial benefits addressed in this course.

What's included

2 videos1 assignment

Instructor

ADP Learning Academy
Automatic Data Processing, Inc. (ADP)
14 Courses20,181 learners

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