Compensation and Benefits: Organizational Responsibilities

Overview/Description
This course examines noncash compensation methods such as equity programs and noncash rewards. It also discusses common benefits programs such as health coverage and employee assistance programs (EAPs). Fiduciary responsibilities related to compensation and benefits are also examined, particularly Social Security and Medicare. This course outlines the importance of effective and ongoing employee communications regarding organizational compensation and benefits programs, as well as employee self-service technologies. This course is created to help HR professionals preparing for the Human Resource Certification Institute's (HRCI) PHR and SPHR certification examinations. The content in this course is based on the responsibility and knowledge statements of the PHR and SPHR Body of Knowledge of Society for Human Resource Management (SHRM).

Target Audience
Human resource professionals, managers, and all individuals preparing for the PHR and SPHR certification examinations of Human Resource Certification Institute (HRCI); compensation and benefits analysts, administrators, staffing managers, and recruiters will also have interest in this certification path

Expected Duration (hours)
1.0

Lesson Objectives

Compensation and Benefits: Organizational Responsibilities

identify types of noncash compensation plans organizations can offer to employees

recognize how to implement various formulas used to calculate contributions to defined benefit plans

distinguish between various types of benefits programs

identify the common types of health care plans offered to employees

recognize fiduciary responsibilities related to compensation and benefits

identify techniques employers can use to communicate information about benefits and compensation programs to employees

identify what must be communicated to employees about benefits and compensation programs