Total Rewards & the Role of Compensation & Benefits

Overview

Class Central Tips

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.

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.