Employee Benefits

This course explores the design, management, and legal aspects of employee benefits programs in organizations. This course covers various types of employee benefits, including health insurance, retirement plans, disability coverage, paid time off, and other non-wage compensation. Students will learn how to develop and manage comprehensive benefits packages that attract and retain talent while ensuring compliance with regulatory requirements. Through case studies and practical projects, students will gain an understanding of the strategic role of employee benefits in enhancing organizational performance and employee satisfaction.

Upon successful completion of this course, students will be able to:

• Understanding Employee Benefits Programs: Students will gain knowledge of the various types of employee benefits, including health insurance, retirement plans, wellness programs, and other non-monetary compensation, and their impact on employee retention and satisfaction.
• Benefits Design and Management: Develop the ability to design and manage comprehensive employee benefits packages that align with organizational goals, employee needs, and budget constraints.
• Legal and Regulatory Compliance: Learn the legal frameworks governing employee benefits, such as the Affordable Care Act (ACA), ERISA, COBRA, and other regulations, ensuring compliance in the administration of benefits programs.
• Strategic Role of Benefits in HR: Understand how employee benefits contribute to overall human resource strategies, including talent acquisition, retention, and employee engagement, while balancing cost-effectiveness for the organization.

These outcomes aim to prepare students for roles in human resource management, specializing in employee benefits administration, equipping them with the expertise to design, implement, and manage effective benefits programs that meet legal requirements and enhance organizational competitiveness.