Continuing Education Credits:
- HRCI – 7 HR(Business) Credits
- SHRM – 7 PDC’s
This one-day intensive program is designed for experienced HR professionals seeking to deepen their expertise in Compensation and Benefits Strategy. In today’s challenging environment of rising healthcare costs and competitive talent markets, companies must design benefits and compensation plans that are both cost-effective and attractive to employees. This program will explore strategies to manage benefit costs, design executive compensation packages, and create a holistic total rewards strategy that aligns with organizational goals.
Participants will learn how to craft innovative benefits packages, explore alternative health plan models to manage costs, and assess compensation strategies that reward performance at the highest levels. Whether you’re designing executive benefits or navigating complex legal requirements, this course provides the tools and insights to drive strategic decision-making and improve organizational outcomes.
This program is ideal for HR professionals who manage benefits and compensation, as well as those in leadership roles responsible for the overall Total Rewards strategy. Participants will walk away with actionable strategies to elevate their organization’s benefits and compensation offerings while controlling costs and enhancing employee satisfaction.
Topics Covered:
- Understanding Total Rewards: A Strategic Overview
- Trends in Employee Benefits for 2024 and Beyond
- Cost-Effective Healthcare Plans: Designing for the Future
- Alternative Health Plan Models (HSAs, HRAs, FSAs)
- Managing Rising Medical Costs: Innovative Solutions
- Executive Compensation: Key Elements and Trends
- Stock Options and Equity Compensation for Executives
- Retirement Plan Design for Executives
- Creating Tiered Benefits for Different Employee Levels
- Flexible Benefits Plans: Maximizing Employee Choice
- Self-Insured vs. Fully Insured Plans: Pros and Cons
- Wellness Programs: Driving Employee Engagement and Savings
- Paid Leave Policies: Balancing Cost and Employee Needs
- Legal Considerations for Executive Compensation
- Managing Benefits Compliance: ACA, FMLA, ERISA
- Strategic Use of Incentives in Compensation Plans
- Benchmarking and Market Data in Compensation Design
- Leveraging Data to Make Informed Compensation Decisions
- Performance-Based Pay Systems for Executives
- How to Handle Executive Bonuses and Long-Term Incentives
- Health and Well-being Programs: ROI and Impact
- Benefits Communication: Engaging Employees Effectively
- Voluntary Benefits: Enhancing Offerings Without Increasing Costs
- Employee Assistance Programs (EAPs) for Mental Health
- Global Compensation Strategies: Managing International Employees
- Benefits for Remote and Hybrid Teams
- Managing Benefits for Multigenerational Workforces
- Retirement Readiness: Strategies for Employee Education
- Aligning Compensation and Benefits with Corporate Culture
- Total Rewards Strategy: An Integrated Approach for HR Leadership
Target Audience:
This program is designed for senior HR professionals, including:
- Compensation and Benefits Managers
- HR Directors and VPs
- Total Rewards Professionals
- HR Business Partners
The course is ideal for those responsible for crafting compensation and benefits strategies and for HR professionals seeking to take a more strategic role in high-level benefits design and total rewards planning.
