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ADP Learning Academy
This is a benefits-focused course for anyone interested in pursuing a career regarding financial protection, growth and assistance programs that a company may offer as part of the benefits strategy. You’ll explore finance-related programs common in many total rewards strategies, like insurance plans designed to protect employees’ finances. Then, you’ll evaluate growth and equity programs, with particular focus on the features of 401(k) and employee stock purchase plans (ESPP). Finally, you’ll learn about a growing rewards area – educational cost assistance. In the end, you’ll update and finalize the employee communication piece for the fictional company, Blue Space Tech Performance Group that you started in the Benefits: Health, Wellness, Work, and Lifestyle course.
Register for this course and see more details by visiting:
OpenCourser.com/course/lfvse8/benefits
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What's inside
Syllabus
Module 1: Financial Protection Plans
The first module in this course looks at benefit options employers might choose to protect the financial well-being of their employees and the value this strategy provides to both the employer and employees. You’ll take a closer look at sick, disability, and leave options and at life, accidental death and dismemberment (AD&D), and critical illness insurance. Finally, you’ll explore some of the typical administrative tasks and the metrics used to evaluate the success of these types of programs. Once complete, you’ll have an imputed income worksheet and scenario responses to add to your project portfolio.
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Syllabus
Module 1: Financial Protection Plans
The first module in this course looks at benefit options employers might choose to protect the financial well-being of their employees and the value this strategy provides to both the employer and employees. You’ll take a closer look at sick, disability, and leave options and at life, accidental death and dismemberment (AD&D), and critical illness insurance. Finally, you’ll explore some of the typical administrative tasks and the metrics used to evaluate the success of these types of programs. Once complete, you’ll have an imputed income worksheet and scenario responses to add to your project portfolio.
Read more
Traffic lights
Traffic lights
Read about what's good
what should give you pause and
possible dealbreakers
Provides insights into financial protection plans, essential for benefits administration
Develops a comprehensive understanding of financial growth and equity programs, vital for employee compensation
Focuses on the intricacies of 401(k) and employee stock purchase plans, valuable knowledge for compensation and benefits analysts
Examines emerging trends in educational assistance programs, important for HR professionals and benefits administrators
Taught by ADP Learning Academy, reputable instructors in human resources and benefits management
Requires some foundational knowledge in benefits administration, may not be suitable for complete beginners
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Reviews summary
Benefits: financial protection & growth essentials
According to students, this course offers a practical and career-focused exploration of various employee benefits. Learners appreciate its coverage of financial protection plans like insurance, and detailed insights into financial growth programs such as 401(k) and Employee Stock Purchase Plans (ESPP). The curriculum also delves into educational assistance programs, providing a comprehensive overview of total rewards strategies. Many find the inclusion of administrative tasks and success metrics particularly valuable for aspiring Compensation and Benefits Analysts. The hands-on projects, including 401(k) calculations and updating communication pieces, are seen as crucial for practical application, making it a solid step in understanding comprehensive employee benefits.
Builds on previous courses and helps complete a larger project.
"This course seamlessly continues the work started in the Benefits: Health, Wellness, Work, and Lifestyle course."
"I found the project of updating the Blue Space Tech Performance Group FAQ ties everything together nicely."
"It's good to know this fits into a broader curriculum for a more complete understanding."
Aimed specifically at careers in Compensation and Benefits analysis.
"This course is ideal for anyone pursuing a career in HR benefits or total rewards."
"I feel better prepared for roles requiring knowledge of employee financial programs."
"It connects directly to the skills needed as a Compensation and Benefits Analyst."
Offers a broad look at essential financial protection and growth plans.
"I appreciated the depth given to both insurance plans and the intricacies of 401(k) programs."
"The modules on ESPP and educational assistance filled gaps in my understanding of total rewards."
"The course outlines various types of benefits, making it a solid foundation for new professionals."
Emphasizes real-world administrative tasks and calculations.
"I found the 401(k) calculations and imputed income worksheet extremely helpful for real-world scenarios."
"This course directly applies to what HR professionals do daily, especially with benefit program administration."
"It's great to have hands-on projects that demonstrate actual skills needed in the field."
Financial content may require frequent updates due to policy changes.
"I wonder if some of the tax implications for 401(k)s or ESPPs could change over time, requiring updates."
"While comprehensive, I wished for slightly more in-depth analysis of regulatory nuances in some modules."
"The course provides a good overview, but advanced learners might seek more specialized content."
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 Benefits: Financial Protection, Growth & Assistance with these
activities:
Attend industry webinars or conferences
Show steps
Participate in industry-related events to connect with professionals, stay updated on trends, and expand your knowledge beyond the course materials.
Browse courses on
Professional Development
Show steps
-
Identify relevant webinars or conferences
-
Register and attend the events
-
Network with attendees and speakers
Review financial planning techniques
Show steps
Refresh your understanding of basic financial planning concepts and techniques to better grasp the course materials.
Browse courses on
Financial Planning
Show steps
-
Review compound interest calculations
-
Explore different investment vehicles
-
Understand risk tolerance and diversification strategies
Explore best practices in benefits communication
Show steps
Follow online tutorials or resources to learn effective techniques for communicating benefits information to employees, ensuring they understand and appreciate their value.
Browse courses on
Communication Strategies
Show steps
-
Research different communication channels
-
Develop clear and concise messages
-
Measure the effectiveness of your communications
Five other activities
Expand to see all activities and additional details
Show all eight activities
Design an employee benefits package
Show steps
Create a sample employee benefits package that aligns with the principles learned in the course, demonstrating your understanding of the various benefits and their impact on employee satisfaction.
Browse courses on
Employee Benefits
Show steps
-
Research industry benchmarks and best practices
-
Identify relevant benefits based on employee demographics
-
Calculate costs and assess affordability
Discuss case studies with fellow learners
Show steps
Engage in discussions with other learners to analyze real-life scenarios, exchange perspectives, and deepen your understanding of benefits strategies.
Browse courses on
Case Studies
Show steps
-
Review case studies and prepare talking points
-
Participate in online or in-person discussions
-
Summarize key learnings and insights
Analyze employee benefits data
Show steps
Practice analyzing employee benefits data to identify trends, assess program effectiveness, and make informed decisions.
Browse courses on
Data Analysis
Show steps
-
Collect and organize data from various sources
-
Use statistical methods to analyze data
-
Generate reports and present findings
Develop a presentation on financial literacy
Show steps
Prepare a presentation that simplifies and explains key financial concepts and strategies, demonstrating your ability to distill complex information for others.
Browse courses on
Financial Literacy
Show steps
-
Research and gather information from reliable sources
-
Organize and structure your presentation logically
-
Use visuals and examples to make concepts relatable
Contribute to open-source projects in HR or benefits
Show steps
Make meaningful contributions to open-source projects related to HR or benefits, showcasing your technical skills and passion for the field.
Browse courses on
Community Involvement
Show steps
-
Identify relevant open-source projects
-
Review project documentation and codebase
-
Implement new features or fix bugs
Attend industry webinars or conferences
Show steps
Participate in industry-related events to connect with professionals, stay updated on trends, and expand your knowledge beyond the course materials.
Browse courses on
Professional Development
Show steps
Show steps
Show steps
- Identify relevant webinars or conferences
- Register and attend the events
- Network with attendees and speakers
Review financial planning techniques
Show steps
Refresh your understanding of basic financial planning concepts and techniques to better grasp the course materials.
Browse courses on
Financial Planning
Show steps
Show steps
Show steps
- Review compound interest calculations
- Explore different investment vehicles
- Understand risk tolerance and diversification strategies
Explore best practices in benefits communication
Show steps
Follow online tutorials or resources to learn effective techniques for communicating benefits information to employees, ensuring they understand and appreciate their value.
Browse courses on
Communication Strategies
Show steps
Show steps
Show steps
- Research different communication channels
- Develop clear and concise messages
- Measure the effectiveness of your communications
Five other activities
Expand to see all activities and additional details
Show all eight activities
Design an employee benefits package
Show steps
Create a sample employee benefits package that aligns with the principles learned in the course, demonstrating your understanding of the various benefits and their impact on employee satisfaction.
Browse courses on
Employee Benefits
Show steps
Show steps
Show steps
- Research industry benchmarks and best practices
- Identify relevant benefits based on employee demographics
- Calculate costs and assess affordability
Discuss case studies with fellow learners
Show steps
Engage in discussions with other learners to analyze real-life scenarios, exchange perspectives, and deepen your understanding of benefits strategies.
Browse courses on
Case Studies
Show steps
Show steps
Show steps
- Review case studies and prepare talking points
- Participate in online or in-person discussions
- Summarize key learnings and insights
Analyze employee benefits data
Show steps
Practice analyzing employee benefits data to identify trends, assess program effectiveness, and make informed decisions.
Browse courses on
Data Analysis
Show steps
Show steps
Show steps
- Collect and organize data from various sources
- Use statistical methods to analyze data
- Generate reports and present findings
Develop a presentation on financial literacy
Show steps
Prepare a presentation that simplifies and explains key financial concepts and strategies, demonstrating your ability to distill complex information for others.
Browse courses on
Financial Literacy
Show steps
Show steps
Show steps
- Research and gather information from reliable sources
- Organize and structure your presentation logically
- Use visuals and examples to make concepts relatable
Contribute to open-source projects in HR or benefits
Show steps
Make meaningful contributions to open-source projects related to HR or benefits, showcasing your technical skills and passion for the field.
Browse courses on
Community Involvement
Show steps
Show steps
Show steps
- Identify relevant open-source projects
- Review project documentation and codebase
- Implement new features or fix bugs
Career center
Learners who complete Benefits: Financial Protection, Growth & Assistance will develop knowledge and skills
that may be useful to these careers:
For more career information including salaries, visit:
OpenCourser.com/course/lfvse8/benefits
Reading list
We haven't picked any books for this reading list yet.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/lfvse8/benefits
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Effort
2 weeks of study 4.5 hours per week
Level
Introductory
Via
Coursera
Institution
Automatic Data Processing, Inc. (ADP)
Instructor
ADP Learning Academy
Language
English
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