Employee Benefits and Incentives

About Employee Benefits and Incentives

Programs for rewarding employees are intended to draw in, keep, and develop talent. Rewards and perks are used as incentives to encourage excellent workplace habits. They take many different shapes, including paying for college, giving employees extra time off, and giving employers more flexibility.

Employee benefits and incentives has gained immense popularity across the globe resulting in huge demand for certified professionals.

Why is Employee Benefits and Incentives important?

Programs for rewarding employees help businesses increase productivity, minimize turnover rates, and save expenses associated with production. It increases employee engagement to promote collaboration, raise spirits, and motivate workers. The incentive schemes were beneficial to both the companies and the workforce.

Employee incentive programs, according to The Business Journals, may increase profitability, recognize top performers, uphold company values, enhance cooperation and morale, and draw in and keep top personnel.

Employee benefits and incentives certified professionals, executives and managers are in high demand in companies across the globe.

Who should take the Employee Benefits and Incentives Exam?

• HR professionals
  
• Students who want to learn how to design tasks and jobs which will motivate the employee.
• Students who want to learn about compensation and benefits.
• Experienced professionals looking to establish themselves in the HR field.

Knowledge and Skills required for the Employee Benefits and Incentives

Candidates gain quick success in career of employee benefits and incentives if they have skills of critical thinking and good communication skills.

Employee Benefits and Incentives Practice Exam Objectives

Employee Benefits and Incentives exam focuses on assessing your skills and knowledge in employee benefits and human resources.

Employee Benefits and Incentives Practice Exam Pre-requisite

There are no prerequisites for the Employee Benefits and Incentives exam. Candidates who are well versed  in employee benefits and human resources can easily clear the exam.

Employee Benefits and Incentives Certification Course Outline

1. What is compensation?
2. Competitive strategy and total compensation strategy
3. Pay Structures
4. Locked content
5. Internal alignment
6. Organization-specific
7. Job-based
8. Person-based
9. Pay level and the mix of pay forms
10. How pay surveys drive compensation decisions
11. Paying for Performance
12. The performance review process
13. Incentive plans
14. Executive compensation
15. Employee Benefits
16. Legally required employee benefits
17. Life and health insurance
18. Retirement
19. Time-off pay and employee services
20. HR technology in compensation and benefits
21. International Compensation
22. Managing a Total Rewards System
23. Budgeting and communication
24. System components

Exam Format and Information

Certification name – Certificate in Employee Benefits and Incentives
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199