Employee Benefits Strategies

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Course Number:53
Category:Employee Benefits
Field of Study:Personnel/HR
Audience:HR Managers, HR Generalists, Benefits Professionals
Level of Difficulty:Basic
Delivery Method:QAS Self Study
Prerequisites: None
Advanced Preparation:None
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Service Excellence, Business and Competitive Awareness, and Strategic Alignment with functional areas in Talent Acquisition, Total Rewards and U.S. Employment Law and Regulations.
OverviewWith the right combination of benefits and cash compensation, an organization can position itself to attract and retain the employees it needs to thrive. Providing benefits is a big cost to any organization so it’s important to know what the available options are to carefully plan a compensation package that meets an organization’s strategic goals. There are required benefits and those that are provided at the discretion of the employer; some of these have become such a fixture in benefits packages that some employees believe they are required. This course will look at how to build a strategic benefits program incorporating the many elements available to the planner keeping in mind that cost control is essential. And finally, the course will look at how to implement and manage a benefits program.
Learning Objectives:
  • Determine the reasons why organizations offer benefits
  • Recognize trends that are having an impact on benefits
  • Identify required benefits
  • Identify discretionary benefits
  • Specify the steps for designing a strategic benefits program
  • Identify health and welfare program benefits
  • Differentiate between managed care plans and traditional plans
  • Identify retirement plan benefits
  • Differentiate between defined benefit and defined contribution plans
  • Differentiate between qualified and non-qualified retirement plans
  • Identify time not worked benefits
  • Identify perquisites
  • Define who is eligible for benefits
  • Specify ways to reduce benefit costs
  • Recognize the elements of benefit plan administration
Credit & Professional
Continuing
Education Information:

  • SHRM-CP/SHRM-SCP Credit Information:

    ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities. This program is valid for 2.5 PDCs for the SHRM-CP® or SHRM-SCP®. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider

  • aPHR/PHR/SPHR/GPHR Credit Information:

    ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 2.5 HR (General) credit hour(s) towards aPHR™, PHR®, SPHR®, and GPHR® recertification.

    HRCI Approved Provider
    HR Certification Institute’s® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®.

  • CCP/CBP/GRP/WLCP Credit Information:

    This online course qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org.

  • CPE QAS Self Study Credit Information:

    National Registry QAS Self Study - Course approved for 2.5 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming

    Course approved for 2 credit(s) in Vermont

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Additional Information:
*The Course Credit List displays credits and credit types offered by location.
FAQs Policies
World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®