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Quantitative Methods Used in Benefits Administration
Course#: 59

Category: Employee Benefit Programs

Field of Study: Statistics

Audience: HR Managers, HR Generalists

Level of Difficulty: Intermediate

Delivery Method: Self-Study

Prerequisites:
  • Some college level courses with moderate algebraic training
  • ERI Distance Learning Center Course 09: Basic Quantitative Methods
Advanced Preparation: None

Overview:
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.

Learning Objectives:
  • 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
Credit and Professional Continuing Education Information:

*The Course Credit Map displays credit types offered by location and corresponding lists of eligible courses.

Course Price:  Free!
Exam Price:  $24.95




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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors and as a Quality Assurance Service (QAS) sponsor of continuing professional education. Participating state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org.
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