Managing Employee Benefits: HR’s Role in Compliance and Cost Optimization (LWCK02)

Employee benefits are a critical component of workforce management, impacting recruitment, retention, employee satisfaction, and organizational costs. In today’s employment landscape, HR professionals must navigate complex regulations, optimize benefit offerings, and clearly communicate their value to employees. This course provides practical strategies to ensure compliance, manage costs effectively, and improve employee understanding of benefits.

Learning Objectives:

By the end of this course, participants will be able to:

1. Evaluate Benefit Plans: Assess the effectiveness of current benefit offerings in meeting organizational goals and employee needs.
2. Optimize Costs: Identify cost-saving opportunities in benefit plan design and implementation.
3. Ensure Regulatory Compliance: Apply relevant laws and regulations to avoid penalties related to employee benefits.
4. Communicate Benefit Value: Develop measurable strategies to improve employee understanding of their benefits using tools like total compensation statements.
5. Monitor Impact: Use data to track the financial and engagement outcomes of benefit plans.