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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

  • $73,310

    Average Salary

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.

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 jobs

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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. Milwaukee, WI Aug 26, 2016 $64,000
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
Health & Group Benefits Analyst Towers Watson Delaware Inc. Arlington, VA Mar 09, 2016 $60,000
Health and Group Benefits Analyst Towers Watson Delaware Inc. Houston, TX Sep 01, 2015 $59,000
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
Analyst-Global Benefits AON Consulting, Inc.[Incorporated In Nj], A Subsid New York, NY Sep 17, 2010 $55,000 -
$65,835
Defined Benefit Analyst Boyce & Associates, Inc. Scottsdale, AZ Aug 01, 2009 $55,000

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Top Skills for A Benefits Analyst

BenefitPlansPayrollDeductionsLong-TermDisabilityHRCobraBenefitProgramsCustomerServiceAuditHrisFmlaLifeInsuranceMedicalClaimsAbsenceSummaryPlanDescriptionsErisaPlanDesignPensionPlanPlanDocumentsResourceRetirementPlans

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Top Benefits Analyst Skills

  1. Benefit Plans
  2. Payroll Deductions
  3. Long-Term Disability
You can check out examples of real life uses of top skills on resumes here:
  • Researched, evaluated and administered corporate benefit plans and programs including monitoring benefit trends and legislation.
  • Processed W4, credit union, garnishment and other payroll deductions.
  • Processed death claims, waiver of premium applications and long-term disability applications for client base.
  • Researched participant and plan administration issues on HR practices for performance management.
  • Administered notifications to eligible COBRA participants and maintained active COBRA participants.

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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