Knowledge Pay Program

Retirement Services April 2011

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

In Closing…

• Win/Win-Value/Knowledge/$$

• Below VP can participate

• Pay Agreement Form

• Manager and HRBP Approval

• 2 certifications per year

• Forms/Certification List on Associate Portal