Benefits specialists: Salary, career path, job outlook, education and more
Benefits specialists administer the organizations 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 frequently monitor government regulations, legislation, and benefits trends to ensure that their programs are current, legal, and competitive. They also work closely with insurance brokers and benefits carriers and manage the enrollment, renewal, and delivery of benefits to the organizations employees.
- Education Required
- Employers typically require that compensation, benefits, and job analysis specialists have a bachelors degree. Many specialists have a degree in human resources, business administration, finance, communication, or a related field. Some employers may accept additional related work experience in lieu of a degree.
- Job Outlook
-
The projected percent change in employment from 2016 to 2026: 9% (As fast as average)
(The average growth rate for all occupations is 7 percent.) - Advancement
- Compensation, benefits, and job analysis specialists may advance to acompensation and benefits manager or a human resources manager position. Specialists typically need several years of work experience to advance.
- Licenses/Certifications
- 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 often require several years of related work experience in order to qualify for the credential.
- Median pay: How much do Compensation, Benefits, and Job Analysis Specialists make?
- $62,080 Annual Salary
- $29.85 per hour
Careers for Compensation, Benefits, and Job Analysis Specialists
- Benefits analysts
- Compensation analysts
- Compensation specialists
- Employee benefits specialists
- Job analysis specialists
- Job analysts
- Job specification writers
- Occupational analysts
- Pension administrators
- Position classification specialists
- Position classifiers
- Retirement plan specialists