Total Rewards

Human resource professionals must understand how to develop and evaluate employee reward systems, including cash compensation, company equity, health and welfare benefits, retirement and more. In this course, students will learn the fundamentals and strategic management of employee benefits including health and life, dental, vision, employee assistance, disability and medical insurance plans. Topics also include wellness programs, methods for funding employee benefits, consumer-driven healthcare, contribution strategies, and the overall best practices for evaluating benefits and managing costs.

Learning Outcomes

• Identify and understand key laws associated with benefits and compensation.
• Evaluate strategies to develop compensation programs that attract the right candidates.
• Define key components of a consistent, market-competitive benefits system.
• Compare and contrast health and welfare benefits plans and develop a summary plan description.
• Understand common retirement benefits plans and identify the appropriate plan for your organization.
• Identify current topics affecting compensation and benefits packages in today’s organizations.

Skills You Will Gain

• Legal research
• Culture development
• Project management and structure design
• Market analysis