Industry groups, councils, associations and organizations.
Purchasing Resources for Employee Compensation And Benefits Organizations
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Employee Compensation and Benefits Organizations
Employee benefits organizations help human resource professionals effectively negotiate benefit and compensation planningBy Amy Hunter Employee benefit organizations provide the human resources professional with valuable insight into the compensation provided by other companies. This knowledge improves employee retention, satisfaction and the company's profits.
Before you join a employee benefits association, it is important to choose an organization that is a good fit. Because most associations charge a membership fee, it makes sense to select the organization that will offer you the most value.
1. Does the employee benefits organization offer classes and conferences in your area? While online information is helpful, to receive the most benefits from a professional organization, you should plan to put in face time.
2. Does the membership of the organization reflect your interests? Even if the group is open to everyone, if the majority of members are in the accounting field, and your company is in manufacturing, it may not be a good fit.
3. In a smaller city, there may be limited opportunities to join employee benefits organizations. Even if the situation is not perfect, you can enjoy the benefits of membership, continuing education and networking. It is your decision on how involved to become.
Find a professional benefits organization that meets your needs
The advantages of belonging to employee compensation and benefits organizations are numerous. These groups typically offer educational programs, professional development classes and opportunities for networking.
Try:
The International Foundation of Employee Benefit Plans is a nonprofit organization for compensation professionals. Your company may want to join the Employee Benefit Research Institute. This group compiles and distributes research, along with government policy changes, on a regular basis.
Update your skills with help from employee benefits associations
Employee benefit organizations often offer training classes and seminars to keep their members updated on new trends and technologies. While some classes may only be available to members, other groups allow anyone interested to participate.
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World at Work holds an annual conference that offers classes, forums and round tables on information of interest to the compensation professional, as well as offering a wonderful networking opportunity. Review available local benefit compensation organizations, also available at World at Work. The American Society of Pension Professionals and Actuaries provides many web based courses. These classes are open to benefits professionals and are an excellent way to remain up to date on changes in benefit policies.
Use information gathered by employee benefit organizations
If you cannot regularly attend meeting with local employee benefits associations, you can still benefit from their expertise. Many employee compensation and benefits organizations provide employee compensation and benefit information online or in report form, available upon request.
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Mercer provides compensation packages by industry. The Economic Research Institute provides a compensation tool that you can download. It contains data for various industries and you can provide your own details as well.
- The purpose of honing your skills as a compensation professional is to improve retention and productivity while at the same time maximizing profits. This is a delicate balancing act, and forging friendships with others in the same position will make you more effective.
Show employees their total rewards. Web-based, 24x7 always up-to-date.
Innovative Compensation Management Systems. Learn How Kronos Can Help!
The Single Source Provider For All Benefits Administration
Benefit plan design and consulting in Orange County and Los Angeles
Voluntary benefit to buy computers, appliances & more @ no cost to you!
AARP -- American Association of Retired Persons
Organization for people age 50 and older which serves their needs and interests through information and education, advocacy, and community services which are provided by a network of local chapters and experienced volunteers throughout the country.
Alliance of Community Health Plans (ACHP)
Alliance of not-for-profit and provider-based plans in the US.
American Association of Health Plans
Trade association representing health maintenance organizations, preferred provider organizations, point-of-service plans, and other similar health plans.
American Savings Education Council (ASEC)
Coalition of private and public sector institutions undertaking initiatives to raise public awareness about what is needed to ensure long-term personal financial independence.
American Society for Payroll Management
Provides the payroll managers of large U.S. corporations with a forum to obtain the latest information on payroll industry best practices, payroll technology and federal and state legislative
American Society of Pension Actuaries (ASPA)
Nationwide organization of actuaries, consultants, administrators and other benefits professionals dedicated to the private pension system.
Association of Consulting Actuaries (ACA)
UK trade association actuaries who advise individuals and corporate clients on financial issues including pensions, life and general insurance and healthcare.
Association of Private Pension and Welfare Plans (APPWP)
Public policy organization serving as an advocate of employee-sponsored benefit programs in Washington, DC.
California Association of Health Plans
Trade association for health plans operating in California.
http://www.calhealthplans.com/
A nonporfit organization that serves as an educational resource for certified employee benefit specialists and others in the employee benefits community.
http://www.capital-chapter-iscebs.org/
Foundation for Enterprise Development
Non-profit organization dedicated to helping entrepreneurs and executives use employee ownership and equity compensation as a fair and effective means of motivating the workforce and improving corporate performance.
Health Insurance Association of America (HIAA)
Trade association representing the private health care system.
An independent, non-profit provider of integrated financial and retirement investment advisory services for government organizations.
Institute of Management and Administration
The Institue of Management & Administration is located in New York city. It publishes a broad range of information products for business professionals. This site provides links to businesses in 16 industry sections.
International Federation of Health Funds
A worldwide association of companies engaged in health insurance.
Life and Health Insurance Foundation for Education (LIFE)
Non-profit organization providing consumers with information on life, health and disability insurance.
Minnesota Council of Health Plans
Nonprofit trade association of Minnesota-based, nonprofit health plan companies.
National Association for Health Care Recruitment
National association offering facility-based health care recruiters and human resources professionals information, education and networking.
National Association for Variable Annuities (NAVA)
Sponsors series of annual conferences, publishes bi-monthly newsletter and produces educational materials and information resources.
National Association of Health Underwriters
Serving the public by promoting the activities and ethical conduct of insurance professionals through communication, education and legislative representation.
National Association of Public Pension Fund Attorneys (NAPPA)
Professional and educational organization providing resources and opportunities to attorneys who represent public pension funds.
National Committee for Quality Assurance (NCQA)
Non-profit organization whose primary activities involve assessing and reporting on the quality of U.S. managed care plans.
National Conference on Public Employee Retirement Systems (NCPERS)
Protects and preserves public retirement and pension systems in the US.
National Institute of Pension Administrators Educational Foundation
A national association representing the retirement and employee benefit plan administration profession.
New England Employee Benefits Council (NEEBC)
Trade association for employee benefits professionals in the New England area.
State and Local Government Benefits Association
Organization whose members consist of municipal, county and state government benefits administrators and health promotion professionals providing members with educational programs and networking.
A global, not-for-profit professional association dedicated to knowledge leadership in disciplines associated with attracting, retaining and motivating employees.
Tips & Advice to help you make your decision on Employee Compensation and Benefits Organizations
If you are a business professional that specializes in human resources, you are likely familiar with employee compensation and benefits organizations. These organizations handle the tasks that the human resources division within an organization would normally handle. The human resources departments of businesses deal with employee benefits, payroll, work-related injuries, workers compensation and family medical leave for employees. These benefits are offered as rewards to employees for contributing to an organization. Every business has the power to decide what benefits they want to offer employees. Most companies offer healthcare packages, paid time off and paid holidays in addition to ... more
If you are a business professional that specializes in human resources, you are likely familiar with employee compensation and benefits organizations. These organizations handle the tasks that the human resources division within an organization would normally handle. The human resources departments of businesses deal with employee benefits, payroll, work-related injuries, workers compensation and family medical leave for employees. These benefits are offered as rewards to employees for contributing to an organization. Every business has the power to decide what benefits they want to offer employees. Most companies offer healthcare packages, paid time off and paid holidays in addition to regular pay. However, there are also businesses that offer extensive compensation packages, which may include gym memberships, childcare and psychological counseling.
Because outsourcing human resources tasks is cheaper than hiring full-time employees, many companies have decided to do away with their human resources division in order to cut costs and increase their bottom line. While some employee compensation and benefits organizations only handle human resources tasks for businesses, others handle these tasks in addition to interviewing, hiring and training new employees. Once the employees are hired, they set up benefits packages for them and work with benefit agencies on their behalf. Learn more about employee compensation and benefits organizations by visiting the links on this Business.com page.