Knowledge Pay Agenda
What is it?
Eligibility and Enrollment
Recognition Certification Examples
Reimbursement
Maintenance
Knowledge Pay-What is it?
ADP Program designed to recognize associates who distinguish themselves by obtaining business related certifications
An avenue to encourage associates to continue to develop their skills
Win/Win – Associates increase their knowledge and skills while adding value to the organization and ADP rewards them through additional Compensation
Eligibility and Enrollment
• Associates below the VP level
• Associate and manager complete Pay Agreement Form
(Forms on SBS Portal)
• Associate, Manager and HR Business Partner approve
based upon the following:
• Scheduling of certification approved in advance by management
• Training method must be approved in advance
Recognition: Essential
Essential Certification-3% increase
Has a high value to current position
Has a high value to a career development plan
Highly recognized in the marketplace
Certification is of high complexity/difficult to obtain
Must Meet ALL of the above Criteria
Recognition: Beneficial
Beneficial Certification-1.5% increase (Beneficial certifications are of value to the position and organization, but meet only some of the above Essential criteria)
Has a high value to current position
Has a high value to a career development plan
Highly recognized in the marketplace
Certification is of high complexity/difficult to obtain
Knowledge Pay Recognition
• Essential 3.0% and Beneficial 1.5% to base salary
• Maximum of 2 certifications/year
• Will not impact eligibility of annual raise
Certification Recommendations – New Business
CertificationImplementatio
n
Simple/ POP
Education
Consulting
New Busine
ss Development
ERISA Consult
ing
Document
Compliance
ASPPA: Qualified 401(k) Administrator (QKA) 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
ASPPA: Qualified Pension Administrator (QPA) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
Chartered Retirement Plan Specialist (CRPS) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
Certified Employee Benefits Spec (CEBS) 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
CEBS: Retirement Plan Associate (RPA) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
Project Management Professional (PMP) 3.0% 1.5% 1.5% 1.5% 1.5% 1.5%
Chartered Mutual Fund Counselor (CMFC) 1.5% 3.0% 3.0% 1.5% 1.5% 1.5%
Fundamental Payroll Certification (FPC) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
* This does not indicate all Certifications eligible for Knowledge Pay. If you feel another certification would be essential or beneficial to your Career Path, please discuss with your Manager and Human Resources Business Partner.
Certification Recommendations - Service
CertificationClient
Service
Relationship &
Invesment Manageme
nt
Service Support
ASPPA: Qualified 401(k) Administrator (QKA) 3.00% 3.00% 3.00%
ASPPA: Qualified Pension Administrator (QPA) 1.50% 1.50% 1.50%
Chartered Retirement Plan Specialist (CRPS) 1.50% 1.50% 1.50%
CEBS: Certified Employee Benefits Specialist 3.0% 3.0% 3.0%
Project Management Professional (PMP) 1.50% 1.50% 1.50%
Chartered Mutual Fund Counselor (CMFC) 1.50% 3.00% 1.50%
Fundamental Payroll Certification (FPC) 1.50% 1.50% 1.50%
*This does not indicate all Certifications eligible for Knowledge Pay. If you feel another certification would be essential or beneficial to your Career Path, please discuss with your Manager and Human Resources Business Partner.
Certification Recommendations - Ops
CertificationFinanci
al Control
Compliance
UAT
Core
Operations
IT Assura
nce
Executive
Deferred
Call Center
ASPPA: Qualified 401(k) Administrator (QKA) 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
ASPPA: Qualified Pension Administrator (QPA) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%Chartered Retirement Plan Specialist (CRPS) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
CEBS: Certified Employee Benefits Spec 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
Project Management Professional (PMP) 1.5% 1.5% 1.5% 1.5% 3.0% 1.5% 1.5%
Chartered Mutual Fund Counselor (CMFC) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
Fundamental Payroll Certification (FPC) 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
* This does not indicate all Certifications eligible for Knowledge Pay. If you feel another certification would be essential or beneficial to your Career path, please discuss with your Manager and Human Resources Business Partner.
Knowledge Pay Reimbursement of Expenses
• KPP certification reimbursement submitted via an expense report (Concur)
• Subject to associate retention requirements• <$2500-no requirement
• $2500-$5000-six month retention requirement
• >$5000-one year retention requirement
Knowledge Pay Certification Maintenance
• Encourage and support re-certification but no monetary increase each time
• Exceptions:• Original Certification was not eligible for monetary
recognition
• 2 certifications allowed per calendar year
Link to Knowledge Pay on Portalhttps://myadp.adpcorp.com/wps/myportal/AdditionalBenefits