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Benefit Specialist Vs Benefits Analyst

The differences between benefit specialists and benefits analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a benefit specialist and a benefits analyst. Additionally, a benefits analyst has an average salary of $50,944, which is higher than the $48,756 average annual salary of a benefit specialist.

The top three skills for a benefit specialist include customer service, HR and patients. The most important skills for a benefits analyst are customer service, HR, and HRIS.

Benefit specialist vs benefits analyst overview

Benefit SpecialistBenefits Analyst
Yearly Salary$48,756$50,944
Hourly rate$23.44$24.49
Growth Rate7%7%
Number Of Jobs31,66320,211
Job Satisfaction--
Most Common DegreeBachelor's Degree, 59%Bachelor's Degree, 70%
Average Age4545
Years Of Experience66

What does a Benefit Specialist do?

A benefits specialist is responsible for analyzing and processing the compensation package of an organization, ensuring that the salary and benefits received by an employee adhere to the current legislation procedures. Benefits specialists develop benefits programs, adjusting pension plans and insurance options as needed, and updating the employees on recent updates and changes. A benefits specialist responds to employees' inquiries, addresses their concerns, and manages benefits issues. A benefits specialist must have a clear understanding of benefits policies and processes to educate employees about the benefits structure.

What does a benefits analyst do?

A Benefits Analyst is responsible for administering and communicating benefit programs for an organization. They attract and retain employees through researching, recommending, and explaining benefit programs.

Benefit specialist vs benefits analyst salary

Benefit specialists and benefits analysts have different pay scales, as shown below.

Benefit SpecialistBenefits Analyst
Average Salary$48,756$50,944
Salary RangeBetween $34,000 And $68,000Between $36,000 And $70,000
Highest Paying CitySan Francisco, CANew York, NY
Highest Paying StateConnecticutNew Jersey
Best Paying CompanyQorvoAmd
Best Paying IndustryFinanceProfessional

Differences between benefit specialist and benefits analyst education

There are a few differences between a benefit specialist and a benefits analyst in terms of educational background:

Benefit SpecialistBenefits Analyst
Most Common DegreeBachelor's Degree, 59%Bachelor's Degree, 70%
Most Common MajorBusinessBusiness
Most Common CollegeUniversity of PennsylvaniaUniversity of Pennsylvania

Benefit specialist vs benefits analyst demographics

Here are the differences between benefit specialists' and benefits analysts' demographics:

Benefit SpecialistBenefits Analyst
Average Age4545
Gender RatioMale, 21.1% Female, 78.9%Male, 27.8% Female, 72.2%
Race RatioBlack or African American, 11.0% Unknown, 3.6% Hispanic or Latino, 15.3% Asian, 7.5% White, 62.2% American Indian and Alaska Native, 0.3%Black or African American, 11.1% Unknown, 3.6% Hispanic or Latino, 15.2% Asian, 7.8% White, 61.8% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between benefit specialist and benefits analyst duties and responsibilities

Benefit Specialist Example Responsibilities.

  • Manage various employee program such as life, medical, dental pension, and HSA accounts.
  • Examine HMO documents to verify eligibility to process or reject into or from a manage care plan when necessary.
  • Input daily time and PTO, manage benefits, report new hires, input sales, oversee accounts receivable.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Implement new vendor for FSA administration and manage outstanding issues through continuous follow-up and vendor accountability.
  • Analyze, process and manage FMLA claims to determine eligibility and certification in compliance with state and federal regulations.
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Benefits Analyst Example Responsibilities.

  • Manage relationships with all FSA clients including supporting their employee inquiries, reporting, and explain policy and procedure.
  • Manage regulatory compliance with federal and state leave laws such as FMLA, ADA, CFRA, PDL and FEHA.
  • Create reports using SQL database and manage reports, perform from internet-base tools for research projects need for client insight.
  • Develop data analysis procedures to comply with ACA regulations.
  • Screen clients for Medicaid and other health insurance eligibility.
  • Provide functional expertise and leadership of retiree benefits administration during the RFP selection process for outsourcing retirement administration.
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Benefit specialist vs benefits analyst skills

Common Benefit Specialist Skills
  • Customer Service, 13%
  • HR, 8%
  • Patients, 5%
  • HRIS, 5%
  • Life Insurance, 5%
  • Cobra, 5%
Common Benefits Analyst Skills
  • Customer Service, 10%
  • HR, 8%
  • HRIS, 6%
  • Payroll, 6%
  • PowerPoint, 5%
  • RFP, 4%

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