Course description
The Public Sector Benefits Administration Certification Training Course by Rcademy builds from the ground up, beginning with an introduction to benefits administration and progressing to advanced topics taught by Rcademy’s seasoned faculty. They guarantee students will learn skills quickly and easily thanks to hands-on experience.
What is benefits administration?
A process according to which the benefits provided to the employees are managed and assembled. The benefits typically administered are disability, life insurance, retirement account, and health. Moreover, the benefits administrator also takes care of 401 (k) plans, paid, sick, vacation, spending account flexibility, and maternity leave.
Why is benefits administration important?
Benefits administration creates a win-win situation for the employees and the employers as the workforce continues to benefit from the company. Moreover, employees try to work harder to achieve the company’s goals due to benefits. Benefits administration is also important to ensure that no company resources are wasted. Additionally, the cost of providing the benefits can be significantly monitored and efficiently controlled while ensuring that all employees have fair access to benefits.
Rcademy professionals understand the market’s demands and tailor the course to meet those objectives. They evaluate the course content and change it as needed before beginning it. The main goal of Rcademy’s professionals is to provide information and vital practical lessons.
Upcoming start dates
Suitability - Who should attend?
After completing The Public Sector Benefits Administration Certification Training Course by Rcademy, the trainees will be able to:
- Understand ongoing trends and practices in the public sector
- Learn the use of technology for the Public Sector Benefits Administration
- Understating and applying the strategies that will help in managing the cost-effectively and efficiently
- Learning how technology is affecting the public sector and how it can be used to avoid potential problems by becoming tech-savvy
- Enhance the perspective about benefits administration for employees in the public sector and which benefits fall under this umbrella
- Apprehension of the existing and new possible solutions to overcome or avoid problems
- Learning which things to consider while administering different benefits in the public sector
- Learning the roles and responsibilities of the benefits administration
- Comprehending the rules and regulations to be followed while administrating benefits in the public sector
- Learning not to trespass the limitation of politics while fulfilling the job
- Improved ability to formulate employee benefits philosophy and goals
- Designing different kinds of benefit plans such as investment, insurance, wellness, and health
Training Course Content
Crucial modules that will be covered in the Public Sector Benefits Administration Certification Training Course are highlighted below:
Module 1: Introduction to Benefits Administration
- What is benefits administration?
- Why is benefits administration so important?
- Types of benefits
- Types of benefits administration
- Define public sector benefits administration
- What is the process of benefits administration
Module 2: Benefits Administration
- Roles and responsibilities of benefits administrator
- Challenges for Benefits administrations
- Jurisdiction of benefits administration
- Impacts of benefits administration
Module 3: Resources Used in Benefits Administration
- An intuitive system
- Automated functions
- Integration with software
- Compliance with regulations
Module 3: Employee Benefits Administration
- What is employee benefits administration?
- Types of employee benefits administration
- Welfare plans
- Health plans
- Regulations related to employee benefits administration
- Sick leave and vacation programs
- Qualified retirement plans like 401 (K) plans
- Strategies to manage the cost
Module 4: Basics of Retirement Plans
- Philosophy of retirement plan
- Social Security
- DB plans
- DC plans
- Design of benefits
- Financial issues
- Regulatory environment
- Hybrid plans
- Tax implication
- Case study
Module 5: Basics of Investment
- Overview of the market
- The jargon of the investment field
- Mutual funds
- Bonds
- Stocks
- Information sources
- Investment benchmarks
- Tax consideration
- Economic consideration
- Allocation of asset
- Diversification of portfolio
- Risk and return
- Current issues of investment
- Management of portfolio
- Case study
Module 6: Management of Health care cost
- Trends in healthcare cost management
- Cost drivers
- Designing the plan
- Contribution to the plan
- Eligibility for the plan
- Potential and existing issues
- Evolving problems
- Analysis of data
- Managing the disease
- Implications during COVID-19 Pandemic
- Cost management of the drug prescription
- Technological advancement
- Strategies based on values
- Management of patients and providers
Module 7: Basics of Health Benefit Plan
- History of health benefit plan
- Philosophy of health benefit plan
- The objective of a health benefit plan
- Employer-sponsored plans
- Types of employer-sponsored plans
- Reforms
- Finance and mechanisms to manage it
- Mental health management
- Drug prescription
- Wellness
- Health care delivery system
- Case study
Module 8: Public Sector Benefits Administration and Technology
- Benefits administration platform/software for the public sector
- Advantages of using Benefits administration software for the public sector
- Eight steps for finding the best Benefits administration platform/software for the public sector
Course delivery details
The Public Sector Benefits Administration Certification course proposes a compelling blend of crucial lessons/topics/strategies and practical application of the strategies. Rcademy’s educators have real-world knowledge and field experience. This course is designed to make you market-ready with a high level of knowledge so you will not face any difficulty in achieving the formal certification. The professionals of Rcademy use a unique model according to which trainees’ involvement in the course is maximized. The mini-projects, group activities, and class discussions equip trainees with practical knowledge, making them feel confident when they step into the market. After completing this course, trainees would be able to open new doors of opportunities for themselves.
Request info
Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...