Fundamentals of Benefit Strategies

About this course

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.

What you will 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.