Thursday, March 31, 2011

Learn the Ins and Outs of Benefits Management and Employee Benefits at Centennial College

If you are a working Canadian, knowing how to invest your money properly now, and after retirement, is a very important personal practice. If you have no idea what I am talking about, you are not alone and there is help. Professionals in the Pension and Benefits Management sector of the financial industry are trained to help Canadians understand their investments.

If you're interested in studying benefits management and employee benefits, there are a few skills that you should possess or be willing to learn to be successful. As with all financial fields, you must have an aptitude for numbers. Part of the job is to figure out percentage sand interest rates as well as money-related numbers. In addition, you will be required to communicate with clients on a very regular basis. This communication will entail explaining complicated financial terms to people who are investing money. Therefore, you must be able to communicate efficiently and effectively for the best results. Lastly, you must be organized, as you will be sorting through investment plans, employee benefit outlines and other such documents.

If you do not yet possess these skills, they can be attained through a program such as Centennial College’s Pensions and Benefits Management undertaking, which takes only two short semesters to complete. Students learn from the industry leading CEBS curriculum, which is supplemented by graduate level instruction in course such as Fundamental Project Management, Group Benefits, Personal Taxation, and more. In addition, the employee benefits and benefits management program examines emerging trends and issues in the field such as changing legislative requirements. Also, as with all Centennial College programs, students benefit from practical practice such as case studies, simulations, project-based learning with a focus on developing project management, teamwork, report writing and presentation skills.

In order to apply to this useful benefits management and employee benefits program, you must first submit an official transcript that demonstrates proof of successful completion of a post secondary advanced diploma or degree program. In some cases, Centennial College will consider applicants presenting a combination of partial post secondary education and relevant work experience, open to all disciplines. Also required are an interview and resume a well as English proficiency.

Upon graduation, pensions and benefits management professionals help in the planning of necessary documents, which ensure that people know exactly where their hard-earned money is going and what will happen once it is invested. They also prepare annual government returns and help in tax reporting and loan processing. But, essentially, the job boils down to helping a person to ensure that his or her investment incurs optimum profits. Therefore, those in Pension and Benefits Management can be hired virtually into any company, especially larger organizations with benefit and pension plans. Job titles include: analysts and researchers, consultants, labour relations coordinators and salary/ wage analysts.

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