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Total Rewards & the Role of Compensation & Benefits

This course is the first in ADP’s HR Compensation and Benefit Analyst professional certificate. It begins with an overview of the program, so you know exactly what to expect. Then, you’ll learn about our first key concept: total rewards and the role Compensation and Benefits plays in designing, administering, and managing an organization’s total rewards strategy.

After completing this course, you’ll have the skills to:

• Identify contributing factors of a total rewards strategy that creates value for organizations and employees.

• Determine the role of Compensation and Benefits in terms of the duties and expectations for the general function and the Analyst role.

• Evaluate your strengths and abilities as compared to the skills and competencies of a typical Compensation and Benefits Analyst.

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What's inside

Syllabus

Module 1: Certificate Overview

This first module was designed to set you up for success throughout the program. You’ll learn about the structure, activities, and projects that make up the program. Also, you’ll be introduced to Blue Space Tech – a fictitious company you’ll work with in activities and projects.

Module 2: Introduction to Total Rewards

In this module, you’ll explore the elements that make up a total rewards program and how they come together to create value for both the organization and employees. You’ll also look at the factors needed to design and maintain a high-value total rewards program.

Module 3: Compensation and Benefits Roles

In this module, you will look at the role of Compensation and Benefits as part of the Human Resources field and organizations in general, the value the function creates, and the challenges they face. You’ll also have a chance to explore the common roles within Compensation and Benefits teams and how they may vary based on the size of the organization and team. Finally, you’ll look at the Compensation and Benefits Analyst role and how your own skills and competencies compare. After completing a self-assessment, you’ll create a plan to focus your studies throughout the program and, potentially, your development as you continue your career journey.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Suitable for beginners who want to learn the basics

Core principles and concepts are explained clearly

Real-world examples and case studies enhance learning

Provides a strong foundation for further learning in HR Compensation and Benefit Analyst

Course materials and resources are well-organized and easy to access

Interactive activities and assessments help reinforce learning

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Total Rewards & the Role of Compensation & Benefits with these activities:

Review ADP's HR Compensation and Benefit Analyst Overview

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Review the program overview to ensure you have the proper expectations and understanding for the certificate.

Browse courses on Human Resources

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Read the course syllabus.
Visit the course website.
Meet with the instructor (optional).

Practice using spreadsheet software

Show steps

Compensation and benefits professionals often use spreadsheet software to analyze data and create reports. Refreshing your spreadsheet skills will help you complete course assignments and projects more efficiently.

Browse courses on Spreadsheet Software

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Review the basics of spreadsheet software
Create a simple spreadsheet and practice entering and manipulating data
Use spreadsheet functions to perform calculations and create charts

Review basic statistics concepts

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Compensation and benefits professionals often use statistical techniques to analyze data and make informed decisions. Refreshing your knowledge of basic statistics will help you understand the course material more easily.

Browse courses on Statistics

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Review notes or textbooks from a previous statistics course
Complete online quizzes or exercises on basic statistics

Five other activities

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Form a study group with other students in the course

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Working with other students can help you understand the material more deeply, identify areas where you need additional support, and stay motivated throughout the course.

Browse courses on Compensation and Benefits

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Identify other students in the course who are interested in forming a study group
Schedule regular meetings to discuss the course material
Review and discuss lecture notes, readings, and assignments
Work together to solve problems and answer questions

Shadow a Compensation and Benefits professional

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Observing a Compensation and Benefits professional firsthand can provide invaluable insights into the day-to-day workings of the role and the skills and knowledge required to be successful.

Browse courses on Compensation and Benefits

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Identify a Compensation and Benefits professional willing to be shadowed
Schedule shadowing sessions
Observe the professional's work and ask questions about their responsibilities and experiences
Reflect on your observations and how they align with your career aspirations

Complete online tutorials on compensation and benefits topics

Show steps

Online tutorials can provide a convenient and flexible way to learn about compensation and benefits topics and reinforce your understanding of the course material.

Browse courses on Compensation and Benefits

Show steps

Identify reputable online courses or tutorials on compensation and benefits
Enroll in or access the tutorials
Complete the tutorials and take any associated quizzes or assessments
Review and reflect on what you have learned

Develop a training plan for a Compensation and Benefits Analyst

Show steps

Creating a training plan will help you identify the key skills and knowledge required for a Compensation and Benefits Analyst and develop a structured approach to acquiring them.

Browse courses on Compensation and Benefits

Show steps

Define the learning objectives for the training plan
Identify the target audience and their current skill level
Research and select appropriate training materials and resources
Develop a training schedule and delivery method
Evaluate the effectiveness of the training plan

Conduct a compensation and benefits analysis for a specific industry or company

Show steps

Conducting a compensation and benefits analysis will provide you with a deeper understanding of the market value of different positions and the factors that influence compensation and benefits packages.

Browse courses on Compensation and Benefits

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Identify the industry or company to be analyzed
Gather data on compensation and benefits practices
Analyze the data to identify trends and patterns
Develop recommendations for improving compensation and benefits practices
Present your findings to stakeholders

Career center

Learners who complete Total Rewards & the Role of Compensation & Benefits will develop knowledge and skills that may be useful to these careers:

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Effort

3 weeks of study, 1-4 hours/week

Level

Introductory

Via

Coursera

Institution

Automatic Data Processing, Inc. (ADP)

Instructor

ADP Learning Academy

Session

August 5, 2024 - September 2, 2024

Language

English

Good to know

Suitable for beginners who want to learn the basics

Core principles and concepts are explained clearly

Real-world examples and case studies enhance learning

Provides a strong foundation for further learning in HR Compensation and Benefit Analyst

Course materials and resources are well-organized and easy to access

Interactive activities and assessments help reinforce learning

Share and help others discover this course.

Facebook

Link

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