On top of being paid, full-time employees usually expect some benefits. That's where benefit specialists come into play. These specialists are in charge of reviewing, updating and knowing everything there is to know about the organization's benefit program.
Since benefits are offered in many industries, this job comes with a lot of opportunity. In fact, you shouldn't have too much trouble finding a job. The only requirement is to have earned a bachelor's degree and a bit of experience. That's not too much to ask for, especially when you have so many opportunities across nearly every industry.
Compensation, benefits, and job analysis specialists conduct an organization’s compensation and benefits programs. They also evaluate position descriptions to determine details such as a person’s classification and salary.Duties
Compensation, benefits, and job analysis specialists typically do the following:
Some specialists perform tasks within all areas of compensation, benefits, and job analysis. Others specialize in a specific area.
Compensation specialists assess the organization’s pay structure. They research compensation trends and review surveys to determine how their organization’s pay compares with that of other organizations in a particular industry and region. They often perform complex data or cost analyses to evaluate compensation policies. For example, they may research and analyze the cost of different pay-for-performance strategies, which offer rewards such as bonuses, paid leave, and other incentives.
Compensation specialists also must ensure that the organization’s pay practices comply with federal and state laws and regulations, such as workers’ compensation, minimum wage, overtime, and equal pay laws.
Benefits specialists administer the organization’s benefits programs, which include retirement plans, leave policies, wellness programs, and insurance policies, such as health, life, and disability insurance. They research and analyze benefits plans, policies, and programs, and make recommendations based on their analysis. They must frequently monitor government regulations, legislation, and benefits trends to ensure that their programs are current, legal, and competitive.
Benefits specialists also work closely with insurance brokers and benefits carriers and manage the enrollment, renewal, and delivery of benefits to the organization’s employees.
Job analysis specialists, also known as position classifiers, evaluate positions by writing or assigning job descriptions, determining position classifications, and preparing salary scales. When an organization introduces a new job or reviews existing jobs, specialists must research and make recommendations to managers on the status, description, classification, and salary of those jobs.
Compensation, benefits, and job analysis specialists typically need a bachelor’s degree, and some specialists need related work experience.Education
Most employers require that compensation, benefits, and job analysis specialists have a bachelor’s degree. Many specialists have a degree in human resources, business administration, finance, communication, or a related field. Some employers may accept previous work experience in lieu of a formal degree.
Not all colleges and universities offer an undergraduate degree in human resources, but many offer courses in human resources management, compensation analysis, and benefits administration. Students with a background in other disciplines may benefit from taking courses in business, management, finance, and accounting.Work Experience in a Related Occupation
For many jobs, compensation, benefits, and job analysis specialists must have previous work experience. Employers commonly require that the previous experience includes performing compensation analysis, benefits administration, or general human resources work. Experience in related fields such as finance, insurance, or business administration, also may be beneficial.
Jobseekers without a degree in human resources must have relevant work experience. Some workers may gain this experience through internships. However, most gain experience from working in human resources.Licenses, Certifications, and Registrations
Although certification is not required, it can demonstrate professional expertise. Some employers prefer to hire certified candidates, but many employers will have their employees become certified after they are already working. Certification programs for management positions often require several years of related work experience in order to qualify for the credential.
Many associations for human resources workers offer classes to enhance the skills of their members. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits. Others, including the HR Certification Institute and the Society for Human Resource Management, offer general human resources credentials.Advancement
Compensation, benefits, and job analysis specialists may advance to a compensation and benefits manager or a human resources manager position. Specialists typically need several years of work experience to advance.Important Qualities
Analytical skills. Many specialists perform data or cost analyses to form logical conclusions. For example, they may analyze the cost of choosing a particular salary scale for a class of workers.
Business acumen. Specialists must understand basic finance and accounting.
Communication skills. Specialists often work with employees throughout their organization to provide information on compensation and benefits. They may give presentations or advise managers or employees about compensation policies or benefit plans.
Critical-thinking skills. Specialists must think critically when evaluating job positions, salary scales, promotion practices, and other compensation and benefits policies.
Detail oriented. Specialists must pay attention to detail, especially when ensuring that the organization is compliant with federal and state laws.
Tell us your goals and we'll match you with the right jobs to get there.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of human resources generalist you might progress to a role such as human resources manager eventually. Later on in your career, you could end up with the title regional human resources manager.
Tell us your goals and we'll match you with the rights job to get there.
|Job TitleCompany||Company||Start Date||Salary|
Benefits Specialist-Outpatient Clinic
Benefits Specialist-Outpatient Clinic
Benefit Specialist Program Coordinator
Benefit Specialist Program Coordinator
Use Zippia's Salary Calculator to see how your pay matches up.
Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Benefit Specialist. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.
Learn How To Write a Benefit Specialist Resume
At Zippia, we went through countless Benefit Specialist resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.View Detailed Information
Hispanic or Latino
Black or African American
High School Diploma
Philadelphia, PA • Private
Boston, MA • Private
Minneapolis, MN • Public
Evanston, IL • Private
Oswego, NY • Public
Los Angeles, CA • Private
Waco, TX • Private
Cambridge, MA • Private
Villanova, PA • Private
San Diego, CA • Public
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.8% of benefit specialists listed customer service on their resume, but soft skills such as analytical skills and business skills are important as well.
Some places are better than others when it comes to starting a career as a benefit specialist. The best states for people in this position are Connecticut, Rhode Island, New Hampshire, and Maryland. Benefit specialists make the most in Connecticut with an average salary of $60,528. Whereas in Rhode Island and New Hampshire, they would average $60,149 and $59,234, respectively. While benefit specialists would only make an average of $57,065 in Maryland, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ benefit specialists and discovered their number of benefit specialist opportunities and average salary. Through our research, we concluded that Xerox was the best, especially with an average salary of $74,184. American Income Life Insurance .. follows up with an average salary of $45,287, and then comes Express Scripts with an average of $69,826. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a benefit specialist. The employers include Charles Schwab, MEDNAX, and Kroger