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Benefit specialist hiring summary. Here are some key points about hiring benefit specialists in the United States:
Here's a step-by-step benefit specialist hiring guide:
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.
Before you start hiring a benefit specialist, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them a benefit specialist to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a benefit specialist that fits the bill.
The following list breaks down different types of benefit specialists and their corresponding salaries.
Type Of Benefit Specialist | Description | Hourly Rate |
---|---|---|
Benefit Specialist | 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. | $16-32 |
Human Resources Coordinator | A human resources coordinator is responsible for cooperating with the company's human resources department, supporting its processes and procedures, and assisting with employees' concerns. Human resources coordinators' duties include maintaining business files and employees' records, processing documents and submitting required reports, administering background checks for the recruitment process, reviewing and referring to company's handbook for corrective action and performance review, scheduling meetings and facilitating events, and advising effective strategies to human resources management... Show More | $15-28 |
Workers Compensation Coordinator | Workers compensation coordinators work with supervisors to identify incident causes and the best corrective actions. They train coordinators and supervisors on reporting and managing workers' compensation claims... Show More | $19-43 |
Including a salary range in the benefit specialist job description is a good way to get more applicants. A benefit specialist salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a benefit specialist in West Virginia may be lower than in Connecticut, and an entry-level engineer typically earns less than a senior-level benefit specialist. Additionally, a benefit specialist with lots of experience in the field may command a higher salary as a result.
Rank | State | Avg. Salary | Hourly Rate |
---|---|---|---|
1 | California | $56,557 | $27 |
2 | District of Columbia | $56,120 | $27 |
3 | New York | $54,893 | $26 |
4 | Massachusetts | $53,752 | $26 |
5 | Maryland | $50,892 | $24 |
6 | Virginia | $50,266 | $24 |
7 | Pennsylvania | $49,911 | $24 |
8 | Colorado | $49,537 | $24 |
9 | Alaska | $48,948 | $24 |
10 | Oregon | $48,329 | $23 |
11 | Illinois | $47,939 | $23 |
12 | Washington | $47,936 | $23 |
13 | Minnesota | $47,692 | $23 |
14 | Texas | $46,536 | $22 |
15 | North Carolina | $44,720 | $22 |
16 | Ohio | $44,688 | $21 |
17 | Indiana | $44,194 | $21 |
18 | Georgia | $44,172 | $21 |
19 | Missouri | $43,956 | $21 |
20 | Arizona | $41,992 | $20 |
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Qorvo | $80,718 | $38.81 | |
2 | McKinsey & Company Inc | $80,477 | $38.69 | 23 |
3 | School of Visual Concepts | $77,098 | $37.07 | |
4 | Point B | $76,396 | $36.73 | |
5 | NV Energy | $74,925 | $36.02 | |
6 | Denbury Resources | $74,069 | $35.61 | |
7 | Jefferies | $72,893 | $35.04 | |
8 | Kent Daniels & Associates | $72,801 | $35.00 | |
9 | City of Los Angeles | $70,811 | $34.04 | 2 |
10 | Brookhaven National Laboratory | $70,723 | $34.00 | |
11 | Empower Media Marketing | $69,760 | $33.54 | |
12 | Simpson Thacher & Bartlett | $69,719 | $33.52 | 1 |
13 | Erp Analysts | $69,560 | $33.44 | |
14 | City of Seattle | $69,143 | $33.24 | |
15 | Capgemini | $68,723 | $33.04 | |
16 | Clark Construction Group | $68,496 | $32.93 | |
17 | Children's Hospital Colorado | $68,166 | $32.77 | |
18 | Mayor Ethan Berkowitz | $67,729 | $32.56 | |
19 | T.Y. Lin International | $67,081 | $32.25 | |
20 | Willdan | $67,014 | $32.22 |
A benefit specialist job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a benefit specialist job description:
There are various strategies that you can use to find the right benefit specialist for your business:
Recruiting benefit specialists requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect benefit specialist candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new benefit specialist first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring benefit specialists. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new benefit specialist employee.
Benefit specialists earn a median yearly salary is $48,756 a year in the US. However, if you're looking to find benefit specialists for hire on a contract or per-project basis, hourly rates typically range between $16 and $32.