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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

  • $58,000

    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 Career Paths

Benefits Analyst
Human Resources Manager Director Of Human Resources
Senior Director Human Resources
13 Yearsyrs
Human Resources Manager Regional Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Benefits Manager Human Resources Manager
Regional Human Resources Manager
8 Yearsyrs
Benefits Consultant Account Manager Recruitment Manager
Talent Acquisition Manager
9 Yearsyrs
Account Manager Recruitment Manager Human Resources Business Partner
Human Resources Lead
8 Yearsyrs
Benefits Consultant Benefits Manager
Benefit Director
11 Yearsyrs
Business Analyst Office Manager Administrative Manager
Human Resources Administration Manager
6 Yearsyrs
Benefits Manager
8 Yearsyrs
Benefits Manager Compensation And Benefits Manager
Compensation Director
13 Yearsyrs
Human Resources Analyst Human Resources Generalist
Senior Human Resources Generalist
8 Yearsyrs
Human Resources Analyst Human Resources Generalist Human Resources Consultant
Senior Human Resources Consultant
9 Yearsyrs
Human Resources Analyst Human Resources Generalist Compensation Analyst
Compensation Manager
9 Yearsyrs
Human Resources Consultant Senior Human Resources Generalist
Employee Relations Manager
7 Yearsyrs
Account Manager Senior Manager Senior Human Resources Manager
Director Of Human Resources Operations
10 Yearsyrs
Human Resources Consultant Compensation Manager
Compensation And Benefits Manager
9 Yearsyrs
Hris Analyst Senior Hris Analyst
Hris Manager
10 Yearsyrs
Benefits Consultant Benefits Advisor Benefit Specialist
Employee Benefits Manager
7 Yearsyrs
Compensation Analyst Senior Human Resources Generalist
Human Resources Contractor
9 Yearsyrs
Operations Manager Client Services Manager Client Manager
Client Account Manager
6 Yearsyrs
Compensation Analyst Compensation Consultant Senior Human Resources Specialist
Senior Human Resources Administrator
6 Yearsyrs
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Average Length of Employment
Benefits Manager 3.9 years
Plan Administrator 3.7 years
Benefits Analyst 3.0 years
Benefit Specialist 2.9 years
Welfare Analyst 2.7 years
Benefits Assistant 2.7 years
Top Careers Before Benefits Analyst
Analyst 3.2%
Internship 2.6%
Specialist 2.3%
Top Careers After Benefits Analyst
Analyst 3.7%
Manager 3.0%
Consultant 3.0%
Specialist 2.8%

Do you work as a Benefits Analyst?

Average Yearly Salary
$58,000
Show Salaries
$40,000
Min 10%
$58,000
Median 50%
$58,000
Median 50%
$58,000
Median 50%
$58,000
Median 50%
$58,000
Median 50%
$58,000
Median 50%
$58,000
Median 50%
$82,000
Max 90%
Best Paying Company
Google
Highest Paying City
Washington, DC
Highest Paying State
District of Columbia
Avg Experience Level
3.4 years
How much does a Benefits Analyst make at top companies?
The national average salary for a Benefits Analyst in the United States is $58,240 per year or $28 per hour. Those in the bottom 10 percent make under $40,000 a year, and the top 10 percent make over $82,000.

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. Chicago, IL Mar 09, 2016 $72,500
Health & Group Benefits Analyst Towers Watson Delaware Inc. Los Angeles, CA Aug 26, 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
Benefits Analyst Watson Wyatt & Company Wellesley, MA Sep 01, 2009 $60,000 -
$70,000
Health & Group Benefits Analyst Towers Watson Delaware Inc. Seattle, WA Aug 26, 2016 $60,000
Health & Group Benefits Analyst Towers Watson Delaware Inc. Chicago, IL Aug 26, 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. Ensure Compliance
  3. Long-Term Disability
You can check out examples of real life uses of top skills on resumes here:
  • Recruited to work alongside VP of Human Resources to re-organize and establish operating processes and procedures for payroll and benefits administration.
  • Review of salary transactions to ensure compliance with established policies, procedures, and accurate classification assignments.
  • Determined and processed eligibility for long-term disability benefits, extended medical coverage and disability retirement distributions.
  • Utilized Other Party Liability Correspondence system to generate letters to members, providers and other insurance companies.
  • Developed strategic recommendations for program design through collaboration with benefits team, consultants and health care vendors.

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Top 10 Best States for Benefits Analysts

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

Benefits Analyst Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 6,477 Benefits Analyst 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.

Learn How To Create A Top Notch Benefits Analyst Resume

View Resume Examples

Benefits Analyst Demographics

Gender

Female

65.5%

Male

24.9%

Unknown

9.6%
Ethnicity

White

61.9%

Hispanic or Latino

14.7%

Black or African American

12.1%

Asian

8.1%

Unknown

3.2%
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Foreign Languages Spoken

Spanish

53.0%

French

11.1%

Carrier

5.6%

Chinese

5.1%

Italian

4.0%

Mandarin

3.5%

Russian

2.5%

Korean

2.0%

Portuguese

1.5%

German

1.5%

Cantonese

1.5%

Polish

1.5%

Vietnamese

1.0%

Hmong

1.0%

Hindi

1.0%

Hebrew

1.0%

Greek

1.0%

Arabic

1.0%

Sami

0.5%

Dutch

0.5%
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Benefits Analyst Education

Schools

University of Phoenix

28.2%

Strayer University

7.3%

Webster University

5.2%

DePaul University

4.4%

Villanova University

4.3%

American InterContinental University

4.3%

Southern New Hampshire University

4.3%

University of Houston

4.0%

Pennsylvania State University

3.7%

University of North Texas

3.5%

Georgia State University

3.3%

Walden University

3.3%

Texas A&M University

3.2%

University of Central Florida

3.2%

Capella University

3.2%

Michigan State University

3.0%

University of Wisconsin - Milwaukee

3.0%

University of North Florida

2.9%

Ashford University

2.9%

Northeastern University

2.9%
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Majors

Business

34.1%

Human Resources Management

14.2%

Finance

6.2%

Accounting

5.8%

Psychology

5.1%

Management

5.1%

Health Care Administration

4.8%

Communication

3.3%

Marketing

3.1%

English

2.1%

Mathematics

2.1%

Criminal Justice

1.9%

Liberal Arts

1.8%

Political Science

1.7%

Economics

1.7%

Sociology

1.6%

Nursing

1.4%

Education

1.4%

Computer Science

1.4%

Law

1.3%
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Degrees

Bachelors

47.5%

Masters

22.4%

Other

15.5%

Associate

7.2%

Certificate

5.1%

Diploma

1.0%

Doctorate

1.0%

License

0.3%
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