HR Competencies

• Critical Evaluation
  
• Business Acumen
  
• HR Expertise
  

Objective

Employee benefits represent a significant cost for most employers, so taking the time to understand the many options available to select the right packages for employees should be of importance. Benefit administration can also be complex and costly if not done appropriately. This class will provide participants with an understanding of the basic concepts of employer-sponsored benefits including health and welfare, retirement, and reimbursement accounts. The class includes up-to-date and relevant basic design, legal, and administrative considerations. Individuals will participate in skill-building exercises to enhance their understanding of the material.

Outline

Administration and Design

• The role of benefits in a total rewards strategy
  
• Design concepts 
  

 Legal Issues 

• Statutory benefits 
  
• Federal laws impacting benefits, including Health Care Reform
  
• Compliance

Health and Welfare Benefits 

• Health plan options 
  
• Wellness programs 
  
• Life insurance 
  
• Disability plans

Reimbursement Accounts 

• Flexible Spending Accounts (FSA) 
  
• Health Savings Accounts (HSA) 
  
• Health Reimbursement Arrangements (HRA)

Retirement Plan 

• Defined contribution plans 
  
• Defined benefit plans

Other Benefits 

• Paid Time Off Programs 
  
• Work/Life programs