Automatic Data Processing, Inc. (ADP)
Fundamentals of Benefit Strategies
Automatic Data Processing, Inc. (ADP)

Fundamentals of Benefit Strategies

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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
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.

Details to know

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Recently updated!

August 2024

Assessments

5 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 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

ADP Learning Academy
Automatic Data Processing, Inc. (ADP)
14 Courses23,821 learners

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