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Become A Benefits Analyst

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Working As A Benefits Analyst

  • Getting Information
  • Analyzing Data or Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Evaluating Information to Determine Compliance with Standards
  • Mostly Sitting

  • $59,439

    Average Salary

What Does A Benefits Analyst Do

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:

  • Research compensation and benefits policies and plans to ensure the organization’s offerings are current, cost effective, and competitive
  • Use data and cost analyses to compare compensation and benefits plans
  • Evaluate position descriptions to determine a person’s classification and salary
  • Ensure that the company complies with federal and state laws
  • Collaborate with outside partners, such as benefits vendors, insurance brokers, and investment managers 
  • Design and prepare reports summarizing research and analysis
  • Present recommendations to other human resources managers

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.

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How To Become A Benefits Analyst

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.

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Benefits Analyst Videos

Human Resource Management Lecture Part 05 - Compensation and Benefits

Career Advice on becoming a Project Manager by Michael G (Full Version)

Benefits Analyst Jobs

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Benefits Analyst Career Paths

Benefits Analyst
Benefits Consultant Benefits Manager
Benefit Director
11 Yearsyrs
Account Manager Human Resources Coordinator Benefit Specialist
Benefits Manager
8 Yearsyrs
Account Representative Human Resources Assistant Benefit Specialist
Compensation And Benefits Manager
9 Yearsyrs
Business Analyst Business Manager Human Resources Manager
Compensation Director
13 Yearsyrs
Operations Manager Human Resources Manager Compensation Consultant
Compensation Manager
9 Yearsyrs
Business Analyst Program Manager Human Resources Manager
Corporate Human Resources Manager
8 Yearsyrs
Human Resources Manager Senior Human Resources Manager Director Of Human Resources
Director Of Human Resources Operations
10 Yearsyrs
Senior Benefits Specialist Benefits Manager Employee Benefits Manager
Employee Benefits Director
7 Yearsyrs
Account Representative Service Representative Benefit Specialist
Employee Benefits Manager
7 Yearsyrs
Human Resources Analyst Recruiter Human Resources Generalist
Employee Relations Manager
6 Yearsyrs
Finance Analyst Program Manager Human Resources Generalist
Hris Manager
10 Yearsyrs
Office Manager Human Resources Assistant Human Resources Coordinator
Human Resources Administration Manager
6 Yearsyrs
Operations Manager Branch Manager Human Resources Generalist
Human Resources Contractor
9 Yearsyrs
Human Resources Analyst Human Resources Generalist
Human Resources Generalist/Manager
6 Yearsyrs
Finance Analyst Accounting Manager Payroll Specialist
Payroll/Human Resource Manager
7 Yearsyrs
Benefits Manager Human Resources Manager
Regional Human Resources Manager
8 Yearsyrs
Human Resources Manager Director Of Human Resources
Senior Director Human Resources
13 Yearsyrs
Office Manager Human Resources Coordinator
Senior Human Resources Administrator
6 Yearsyrs
Benefits Manager Human Resources Consultant
Senior Human Resources Consultant
9 Yearsyrs
Account Manager Recruiter Human Resources Generalist
Senior Human Resources Generalist
7 Yearsyrs
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Average Length of Employment
Benefits Manager 3.9 years
Benefits Analyst 3.0 years
Benefit Specialist 2.8 years
Benefits Assistant 2.5 years
Top Careers Before Benefits Analyst
Analyst 3.5%
Internship 2.1%
Top Careers After Benefits Analyst
Analyst 3.5%
Consultant 3.4%
Manager 3.2%

Do you work as a Benefits Analyst?

Benefits Analyst Demographics

Gender

Female

71.7%

Male

26.1%

Unknown

2.2%
Ethnicity

White

61.6%

Hispanic or Latino

14.8%

Black or African American

11.8%

Asian

8.3%

Unknown

3.4%
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Foreign Languages Spoken

Spanish

49.0%

French

11.3%

Carrier

7.3%

Chinese

6.6%

Mandarin

4.6%

Italian

4.6%

Korean

2.6%

Russian

2.0%

Cantonese

2.0%

Vietnamese

1.3%

Greek

1.3%

Portuguese

1.3%

Hebrew

1.3%

Gujarati

0.7%

Hindi

0.7%

Dutch

0.7%

Ukrainian

0.7%

Tagalog

0.7%

Lingala

0.7%

Comanche

0.7%
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Benefits Analyst Education

Schools

University of Phoenix

23.1%

Strayer University

5.8%

Villanova University

5.5%

American InterContinental University

5.2%

Southern New Hampshire University

4.7%

DePaul University

4.4%

University of Houston

4.4%

Webster University

4.1%

University of North Texas

3.9%

Tennessee State University

3.9%

Pennsylvania State University

3.9%

Central Connecticut State University

3.9%

Northeastern University

3.6%

Liberty University

3.6%

Capella University

3.6%

University of North Florida

3.3%

Michigan State University

3.3%

Ashford University

3.3%

Portland State University

3.3%

University of Central Florida

3.3%
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Majors

Business

32.9%

Human Resources Management

15.7%

Finance

6.2%

Accounting

5.8%

Psychology

5.0%

Management

4.8%

Health Care Administration

4.3%

Communication

3.5%

Marketing

2.6%

English

2.3%

Mathematics

2.2%

Criminal Justice

2.1%

Liberal Arts

1.8%

Political Science

1.7%

Sociology

1.7%

Management Science

1.6%

Economics

1.5%

Computer Science

1.5%

Computer Information Systems

1.3%

Law

1.3%
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Degrees

Bachelors

46.7%

Masters

23.7%

Other

16.2%

Associate

6.4%

Certificate

4.9%

Doctorate

1.1%

Diploma

0.7%

License

0.3%
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Benefits Analyst Videos

Human Resource Management Lecture Part 05 - Compensation and Benefits

Career Advice on becoming a Project Manager by Michael G (Full Version)

Job type you want
Full Time
Part Time
Internship
Temporary

Real Benefits Analyst Salaries

Job Title Company Location Start Date Salary
Benefits Analyst Google Inc. Mountain View, CA Nov 15, 2013 $125,000
Senior Benefits Analyst Apex Outsourcing Insurance Services Irvine, CA Feb 28, 2013 $110,000
International Benefits Analyst The Arlen Group, Inc. Walnut Creek, CA May 12, 2010 $105,000
International Benefits Analyst/Consultant Alliant Insurance Services, Inc. Walnut Creek, CA Feb 01, 2011 $105,000
Benefits Analyst Google Inc. Mountain View, CA Nov 15, 2010 $90,000
Benefits Analyst GSS Infotech Ct, Inc. San Ramon, CA Jun 01, 2015 $79,144
Health & Group Benefits Analyst Towers Watson Delaware Inc. Los Angeles, CA Aug 26, 2016 $72,500
Health & Group Benefits Analyst Towers Watson Delaware Inc. Chicago, IL Mar 09, 2016 $72,500
Benefit Analyst Arrow Strategies, LLC Detroit, MI Sep 21, 2016 $70,958
Health and Group Benefits Analyst Towers Watson Delaware Inc. Chicago, IL Sep 01, 2015 $68,000
Health and Group Benefits Analyst Towers Watson Delaware Inc. San Francisco, CA Sep 05, 2015 $67,250
Benefit Analyst I Jawood Business Process Solutions, LLC Bingham Farms, MI May 16, 2013 $66,784
Health and Benefits Analyst Hewitt Associates LLC Norwalk, CT May 19, 2015 $66,188
Health & Group Benefits Analyst Towers Watson Delaware Inc. Houston, TX Mar 09, 2016 $63,000
Health and Group Benefits Analyst Towers Watson Pennsylvania Inc. Los Angeles, CA Sep 04, 2014 $62,000
Health and Benefits Analyst Hewitt Associates LLC Norwalk, CT Dec 15, 2014 $61,402
Health & Group Benefits Analyst Towers Watson Delaware Inc. Milwaukee, WI Aug 26, 2016 $61,000
Oracle Benefits Analyst Kbace Technologies, Inc. Nashua, NH Jul 09, 2016 $60,000
Health & Group Benefits Analyst Towers Watson Delaware Inc. Seattle, WA Aug 26, 2016 $60,000
Health & Group Benefits Analyst Towers Watson Delaware Inc. Arlington, VA Mar 09, 2016 $60,000
Health and Benefits Analyst Hewitt Associates Norwalk, CT Feb 14, 2014 $58,000 -
$90,000
Health & Group Benefits Analyst Towers Watson Delaware Inc. Atlanta, GA Aug 26, 2016 $57,000
Senior Health & Benefits International Analyst Mercer Health & Benefits LLC San Francisco, CA Jun 08, 2012 $56,100 -
$67,000
Health and Benefits Analyst Hewitt Associates LLC Minneapolis, MN Oct 01, 2011 $56,000 -
$77,000
Defined Benefit Analyst Boyce & Associates, Inc. Scottsdale, AZ Aug 01, 2009 $55,000
Analyst-Global Benefits AON Consulting, Inc.[Incorporated In Nj], A Subsid New York, NY Sep 17, 2010 $55,000 -
$65,835
Retirement Benefits Analyst Hewitt Associates LLC The Woodlands, TX Sep 30, 2013 $54,000 -
$74,000

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Top Skills for A Benefits Analyst

  1. Benefits Administration
  2. Payroll
  3. Long-Term Disability
You can check out examples of real life uses of top skills on resumes here:
  • Worked with Hewitt Associates to ensure data integrity for total benefits administration of complicated benefits plan involving multiple union environments.
  • Coordinate benefit deductions with payroll to ensure timely processing.
  • Determined and processed eligibility for long-term disability benefits, extended medical coverage and disability retirement distributions.
  • Worked directly with insurance companies to report eligibility, changes and terminations.
  • Supported implementation of new transaction and file processes - Supported Benefit Delivery Manager by analyzing expenditures through financial management activities.

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Top 10 Best States for Benefits Analysts

  1. District of Columbia
  2. New Jersey
  3. Rhode Island
  4. Connecticut
  5. New York
  6. Massachusetts
  7. Maryland
  8. Virginia
  9. Minnesota
  10. Alaska
  • (143 jobs)
  • (204 jobs)
  • (30 jobs)
  • (90 jobs)
  • (442 jobs)
  • (253 jobs)
  • (228 jobs)
  • (584 jobs)
  • (152 jobs)
  • (9 jobs)

Top Benefits Analyst Employers

Jobs From Top Benefits Analyst Employers

Benefits Analyst Videos

Human Resource Management Lecture Part 05 - Compensation and Benefits

Career Advice on becoming a Project Manager by Michael G (Full Version)

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