Course

Benefits Management: A Comprehensive Study of Employee Benefit Programs | HRMT.X407

This course presents a comprehensive view of benefits, including the latest approaches for analyzing and negotiating benefits programs and funding options. A key focus will be developing strategies to reduce healthcare costs. Students will learn to evaluate employee needs and help them better understand and use their coverage.

Learning Outcomes:

At the conclusion of the course, you should be able to:

• Describe the role and responsibilities of a Benefits Manager’s job.
• State a corporation’s Employee Benefits philosophy and goals.
• Define various laws and regulations that govern administration of Employee Benefits programs.
• Describe principles of risk and how this relates to design of insurance benefits plans.
• Describe the role of the Broker and the relationship with the Benefits Manager.
• Define managed care and consumerism in health care benefits plans.
• Describe various funding alternatives for insurance benefits programs.
• Understand financial benefits including 401(k) and stock option plans.

Topics Include:

• Health and welfare plans, including cafeteria plans
• The Affordable Health Care Act and Covered California
• Qualified retirement plans such as 401(k) plans
• Vacation and sick leave programs, incidental benefits
• Overall benefit cost management workforce

Professional Credit:

HRCI®---PHR®, SPHR® and GPHR® general recertification credit: 19.25 hours.

Effective February 22, 2020, this course is valid for 19.25 PDCs for the SHRM-CP® or SHRM-SCP®.