Category: Employee Benefit Programs
Field of Study: Statistics
Audience: HR Managers, HR Generalists
Level of Difficulty: Intermediate
Delivery Method: Self-Study
- Some college level courses with moderate algebraic training
- ERI Distance Learning Center Course 09: Basic Quantitative Methods
This course introduces you to various quantitative methods used in benefits administration. Key to this course is the application of formulas used in retirement plans: net present value, future value, and annuities. This course also teaches you how to forecast and trend benefit costs using multiple and time series regression analyses. In addition, it covers quantitative methods used to select benefit programs such as the Chi-square test, benchmarking, and cost/benefit analysis.
- Determine the effectiveness of your benefit programs through the use of cost/benefit analysis
- Use the chi-square test to determine the significance of employee benefit surveys
- Forecast and trend benefit costs using multiple and time series regression analyses
- Understand the role of cost-of-living adjustments in retirement plans
- Apply present value, future value, and annuity calculations to retirement plans
*The Course Credit Map
displays credit types offered by location and corresponding lists of eligible courses.