2-Day Workplace Compensation and Benefits Certificate Program

Continuing Education Credits

• HRCI – 15 HR(General) Credits
• SHRM – 15 PDC’s

Schedule: 10:00 AM – 6:00 PM Eastern Time on Both Days (Detailed Agenda Below)

Every organization, large and small, must determine the pay structure for its employees. Compensation and Benefits administrators are the key specialists in charge of managing the impact of compensation and benefits packages on an organization’s bottom line while ensuring fair and equitable pay rates for employees.

Get the training you need to stay ahead of other organizations in attracting and retaining top talent. It is essential to make employees feel that they are paid fairly and treated fairly for what they do. This is why it is imperative to get Compensation and Benefits aligned with the organization’s vision and goals.

This program provides the fundamental strategic choices that employers must take in creating, designing, developing, & implementing a total reward’s package.

You will learn how to professionally handle questions from staff members at a much higher and qualified level by gaining confidence through the knowledge of the following:

• Benefit History (Then & Now)
• Regulatory Benefits
• Mandated Benefits
• Retirement Plan Benefits
• Compensation Benefits
• Office Perk Benefits
• Performance-Based Benefits
• Time Off Benefits
• Health Benefits

Keeping your employee Compensation & Benefit training current has many rewards. This course will make you and your team more aware of the “Why’s” and “How’s” in creating a staff with more awareness, engagement, & more understanding. Remember, a well-trained Compensation & Benefits employee is in high demand. Being able to anticipate the major trends in employee benefits and how it can improve your retention rates and time-to-fill rates will immensely help your team. Learning how to be more current in laws and policies that are forever changing can also assist you and your team be more prosperous and able to complete projects on time.

Additionally, for HR Professionals understanding the needs and wants of your organization’s employees and aligning them with the executive team’s vision will make specific processes and procedures more efficient and successful. This new knowledge that you will gain through this course will also be vital for you to gain a seat at the strategic table.

Other important strategies that you will learn through this course is as follows:

• Health Benefit Campaign Design Strategy
• Benefit Communication Strategy
• Benefit Outsource Strategy
• Benefit Open Enrollment Strategy

Don’t forget, during this seminar, there will be periodic quizzes for you to test your knowledge and activities for you to share your thoughts and concerns. Now get ready and enroll because it’s time to expand your Compensation & Benefit knowledge.

***Upon purchase of this training you will receive a welcome email and the Zoom link you will need to join us live for this event. We will also mail your training materials to the shipping address you provide on the order.***

Schedule

Day 1 & 2

10:00 am – 6:00 pm (Eastern Time)

• 12:15 pm – 15-minute break
• 2:00 pm – 30-minute lunch break
• 5:00 pm – 15-minute break

TOPICS:

History Of Benefits (1636 to present)

Then and Now (1636 to present)

Regulatory Benefits

Government Influence on Employee Benefits

Legislation

Regulatory and Judicial Processes

Federal Governing Agencies

• IRS – Internal Revenue Service
• DOL – Department of Labor
• EBSA – Employee Benefits Security Administration
• PBGC – Pension Benefit Guarantee Corporation
• EEOC – Equal Employment Opportunity Commission
• SEC – Security and Exchange Commission

Government Programs

Equal Opportunity Laws

Mandated Employee Benefits

• Social Security
• Worker’s Compensation
• Unemployment

Retirement Plans

• Retirement Benefits
• Retirement Emotional Journey
• ERISA – Employee Retirement Income Security Act
• ERISA Provisions
• ERISA Section 404C
• Pension Protection Act of 2006
• QDRO – Qualified Domestic Relations Order
• ADP/ACP Non-Discrimination Tests
• EGTRRA – Economic Growth & Tax Relief Reconciliation Act of 2001
• IRC – Internal Revenue Code of 1926
• FICA – Federal Insurance Contribution Act Tax
• Plan types and Qualifications
• Qualified Compensation (PBGC)
• Defined Benefits (Non-Contributory)
• • SOX – Sarbanes Oxley Act
  • Traditional Pension
  • Flat Dollar
  • Final Pay
  • Guaranteed income annuities (GIAs)
  • The Federal Thrift Savings Plan
  • Cash-Balance Plan
  • Cash-Value Insurance Plan
• Defined Contributions (Contributory)
• • 401k
  • Solo 401k
  • 403B
  • 457B
  • IRA
  • ROTH IRA
  • Self-Directed IRA
  • SEP IRA 408k
  • SIMPLE IRA
  • Keogh (HR-10)

Plan Distributions

• Withdrawal Regulations
• Required Distributions
• Hardship Distributions
• Rollovers
• Tax on Early Distribution
• Loans from 401(k) plans
• Early Retirement Package
• Early Withdrawal

IRA Quiz

Non-Qualified Compensation

• Deferred Plans
• Executive Bonus Plans
• Split-Dollar Life Insurance Plans
• Rabbi Trust
• Top Hat Plan

Health Benefits

• ERISA – Employee Retirement Income Security Act
• COBRA – Consolidated Omnibus Budget Reconciliation Act
• GINA – Genetic Information Non-Discrimination Act
• HIPAA – Health Insurance Portability and Accountability Act
• ACA – Affordable Care Act
• Medicare/Medicaid
• Short Term Disability/Long Term Disability
• Life Insurance
• Dental Care/Vision Care
• AD&D – Accidental Death and Dismemberment
• Extended or Long-Term Health Care
• EAP – Employee Assistance Program
• Mental/Behavioral Health Care
• Mental Health Parity Act (MHPA)
• HMO – Health Maintenance Organization
• PPO – Preferred Provider Organization
• HDHP – High Deductible Health Plan
• Cafeteria Plans
• IRC Section 125
• IRC Section 129
• FSA, HSA, HRA
• Self-Funded
• Stop/Loss Coverage
• Prescription Drug Plans

Health Benefits Quiz

Compensation

• Attract & Retain
• Compensation Management Process
• Major Influences
• Internal Equity vs External Equity
• Job Analysis Process
• Direct Pay
• • FLSA
  • Pay Decisions/Strategy
  • Types of Compensation
  • Comp Terms
  • Job Evaluations
  • • Qualitative
    • Quantitative
• Indirect Pay
• • Stock Options
  • Equity
  • Executive Plans
  • Non-Financials

Performance Benefits

• Incentives
• Individual
• Groups
• Organization

Office Perk Benefits

• Employee of the Month
• Holiday Bonus
• Employee Discounts & Rewards
• Flex-Time
• Care & Recognition Gifts
• Employee Development Plans
• Wellness Program
• Gym Membership
• Adulting Classes
• Tuition Reimbursement
• Office Perks
• Child Care Assistance
• Commuter Assistance
• Legal Assistance
• Adoption Assistance
• Disaster Relief Assistance
• Financial Assistance
• Diversity Program
• Engagement Committee
• Pre-Tax Limitations
• Reimbursements/Allowances

Time Off Benefits

• FMLA
• USERRA
• Holiday/Vacation/Sick Days/PTO
• Bereavement Leave
• Jury Duty Leave
• Voting Time Leave
• Sabbatical/Personal Leave
• Paid Parental Leave
• Covid Sick Leave

Benefits Design Strategy Aligning With HR & Business Goals

• Strategic Assessment
• Conduct a GAP Analysis
• Costing & Pricing
• Select & Design
• Funding & Approval
• Implement
• Train & Monitor

Open Enrollment

High-Level Open Enrollment Calendar

Compliance Calendar Example

Communication Strategy Fundamentals

• Select the Communication Style
• Potential Barriers to Communication
• • Fundamentals
  • Communication Models
  • Effective Communication
  • Potential Barriers
  • Filtering
  • Selective Perception
  • Information Overload
  • Emotional Disconnect
  • Workplace Gossip
  • Semantics
  • Gender Differences
  • Sender/Receiver Differences
  • Biased Language
• Communicating the Value
• Compensation/Reward Statement

Outsourcing Strategy

• Analysis
• Budget
• Create Request for Proposal
• Send Request for Proposal
• Choose Contractor
• Negotiate
• Implement
• Evaluate/Manage

Certification Process