In this video, learn about the different components of a benefits program.
- Benjamin Franklin said, an ounce of prevention…is worth a pound of cure.…Providing health insurance and other benefits…for employees allows them to take preventative measures…to stay healthy and balanced,…which in turn helps the employer.…A healthier employee is less likely…to cost the employer money through lost productivity.…Benefits are also used by employers…to attract new talent into the organization.…But what goes into creating a robust benefits program?…To determine what's best for your organization…you should begin with a benefits needs assessment,…also known as benchmarking.…
Benchmarking is comparing your company's benefits…to similar companies in the external market.…Another way to gather data needed…to build a competitive benefits program…is to simply ask employees what they want.…If employees don't find the benefits offered to be of value…then those benefits won't support the retention…of high performing employees or the attraction of new ones.…Finally, benefits programs must be compliant…with the Fair Labor Standards Act…
- Determine which of the three organizational structures are most often used with different types of project.
- Explain how HR professionals establish trust with employees.
- Define the concept of “managing up.”
- Recognize the key elements of the Uniform Guidelines of Employee Selection Procedures.
- Summarize the four steps of the Kirkpatrick Model.
- Identify the characteristics of an entitlement compensation philosophy.
- Name another term used to describe a benefits needs assessment.
- List two things required for leaders when they provide feedback during a performance review.
Skill Level Advanced
Introduction to the PHR Certification Examwith Joanne Simon-Walters58m 16s Intermediate
1. Exam Topics: Business Management
2. Exam Topics: Talent Planning and Acquisition
3. Exam Topics: Learning and Development
4. Exam Topics: Total Rewards
5. Exam Topics: Employee and Labor Relations
6. Study Plan
Conclusion and Farewell
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