Benefits Analysts are responsible for the evaluation and administration of retirement, health, and welfare employee benefit programs of an organization. Due to the sensitive nature of their job, they are expected to always monitor benefits trends in the business environment and be up-to-date with the relevant laws and legislation regarding benefits. They must also ensure compliance of the organization with the relevant program requirements.
The role of a Benefits Analyst is usually an entry-level role and reports to the benefits specialist. They work closely with stakeholders such as HR managers, finance managers, payroll officers, wellness program vendors, etc., and are usually their first point of contact for all matters to do with benefits.
Benefits analysts are employed in almost all industries and are especially crucial in the civil service. Most benefits analysts work full-time up to a maximum of 40 hours per week from 9 to 5. The role of a benefits analyst is very important to any organization because they are literally responsible for making sure employees stay motivated.