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Top 10 Employee Benefits Certifications for Professionals in 2024

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Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits. Key Benefits: Comprehensive coverage of group benefits, retirement plans, and compensation.

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What Is a Qualified Retirement Plan?

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Some of these plans have an advantage when it comes to taxes. Types of Qualified Retirement Plans. There are three classes of qualified retirement plans, namely: 1. Defined benefits plan. In a defined benefit plan, an employer pays a predetermined amount at either termination of employment or retirement.

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What is Hire-to-Retire (HTR)?

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Offer and Negotiation: Extending job offers, negotiating salaries and benefits, and finalizing employment agreements. This stage involves: Salary Management: Reviewing employee salaries, conducting market research, and ensuring pay equity. Onboarding Once a candidate accepts an offer, the next stage is onboarding.

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What is Employee Poaching & How to Deal With It?

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Attractive Offers: Higher Compensation: To entice employees to leave their current positions, poaching companies often offer significantly higher salaries, bonuses, or other financial incentives. Better Benefits: Enhanced benefits packages, including superior health insurance, retirement plans, and additional perks, can lure employees away.

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What Causes Employee Resentment & How to Deal With It At Work?

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Beyond salaries, inadequate benefits like health insurance, paid time off, and retirement plans also contribute to dissatisfaction. Ensure that processes such as performance reviews, promotions, and salary increases are transparent and based on merit, with clear criteria that all employees can understand.

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HRIS vs. ATS: Which HR Tool Best Fits Your Business Hiring Needs?

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Payroll and Compensation Management: Automates payroll processing , salary adjustments, and tax calculations. Benefits Administration: Tracks and manages employee benefits, such as health insurance, retirement plans , and leave policies. Time and Attendance: Records work hours, leave balances, and overtime.

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Top 10 Compensation Courses & Certifications in 2024

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Key Features: Core curriculum on compensation and benefits planning. Includes topics such as retirement planning, health benefits, and executive compensation. Key Features: Covers compensation analytics, salary benchmarking, and incentive programs. Strong focus on financial planning and budgeting for compensation.