Employee Benefits Budgeting: Plan Options, Enrolment by Tier, Employer Contribution Strategies, Renewals & Cost per Head
Plan next year's benefits budget for a fictional company: plan options and coverage tiers, who pays what, renewal increases, opt-outs, flexible allowances and pension matching, with every cell checked as you go.
One-time payment · lifetime access · lessons, labs, exam and certificate included · no subscription.
About this course
In this course you build next year's benefits budget for one fictional company in a live spreadsheet. You count enrolment by plan option and coverage tier with COUNTIFS, look up premiums in a plan × tier table and cost the whole bill with SUMPRODUCT. You compare three employer contribution strategies, apply a renewal quote with a plan-migration scenario, budget flexible credits at the expected take-up and turn a two-tier retirement match into one MIN/MAX formula. Finally you total the cost per head and as a share of payroll, prorate a new hire with EOMONTH and DAYS, split the change into headcount and rate effects and chart budget against actual.
Lessons
- The Enrolment Snapshot: Plans, Coverage Tiers & Waivers Pro
- Premium Tables: Monthly Rates by Plan & Tier Pro
- Who Pays What: Employer Contribution Strategies Pro
- Renewal Scenarios: Rate Increases & Plan Migration Pro
- Flexible Allowances: Credits, Take-Up & the Expected Spend Pro
- Retirement Matching: Tiered Match Formulas & Participation Pro
- Total Benefits Cost: Per Head, % of Payroll & New-Hire Proration Pro
- Capstone: The Benefits Budget Dashboard Pro