This course is for anyone who wants to begin their exploration of the benefits component of total rewards. Here, you will learn how to ensure your organization’s benefit strategy is valuable for both the organization and employees, competitive, and fair. You will also learn about various laws and regulations that impact benefit strategy design and administration. Finally, you will explore the Compensation and Benefits Analyst role in successfully administering the benefits strategy and apply what you have learned by evaluating the benefits strategy of a fictional company, Blue Space Tech Performance, and creating an annual planning calendar.
Fundamentals of Benefit Strategies
Fundamentals of Benefit Strategies
This course is part of ADP Entry-Level Compensation and Benefits Analyst Professional Certificate
Instructor: ADP Learning Academy
Included with 
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
5 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace
What you'll learn
Identify legally required and commonly offered benefits and list regulations that influence benefit strategies, offerings, and administration.
Summarize the value created by an effective benefits strategy for both the employer and employees.
Discuss the factors and process used in designing a benefits strategy, including communications design and administrative tasks.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
August 2024
Assessments
5 assignments
Taught in English
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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.
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There are 3 modules in this course
Your exploration of benefits begins with a deeper look at the value they add to total rewards. You’ll also explore the legal aspects of benefits and benefit administration and why staying current in this arena is so important to the Compensation and Benefits Analyst.
What's included
4 videos5 readings1 assignment
In this module, you’ll look at benefits strategy design in detail, starting with the three main factors that shape a strategy. You’ll walk through a design process and best practices that better ensure your strategy is data-driven and inclusive. Finally, you’ll apply your learning to Blue Space Tech Performance Company’s strategy for competitiveness, value, and potential bias.
What's included
5 videos4 readings2 assignments
In this section of the course, you’ll learn about a key area of the Compensation and Benefits Analyst role: administering, evaluating, and communicating your organization’s benefits strategy and programs. You’ll start by identifying common responsibilities, the importance of clarifying team members’ roles, and planning for those duties to ensure they’re completed effectively. You’ll then consider best practices in evaluating strategy and program effectiveness, including slicing data across employee groups. Finally, you’ll explore the value created by a successful communication strategy and elements to increase its effectiveness.
What's included
3 videos4 readings2 assignments
Instructor
Offered by
Recommended if you're interested in Business Strategy
Automatic Data Processing, Inc. (ADP)
Automatic Data Processing, Inc. (ADP)
Automatic Data Processing, Inc. (ADP)
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