Working as a benefits specialist is complicated – yet interesting. As a benefits specialist, you have to make sure that you know all there is to know about employee benefits plans and compensation programs.
Knowledge of government rules and regulations governing benefits administration will also come in handy.
A degree in business is a prerequisite for qualifying to work as a benefits specialist. To be able to do justice to this work, you have to possess a working knowledge of job evaluation and job analysis systems.
Along with this, it is essential for people working in this position to be highly aware of current labor rules and regulations, and possess comprehension of different types of benefits and incentives. Extensive knowledge of working on standard HRIS systems will be a plus point.
In addition to these skills, one needs to possess strong quantitative, and analytic skills, along with a great ability to negotiate programs with employees. Good interpersonal and communication skills are also required to work as a successful benefits specialist.
Moreover, it is important for people working as benefits specialists to stay current on the ever-changing federal and state regulations, so that they can tweak compensation plans accordingly. If you feel that you know most of what there is to know about compensation and benefits work, you may look through the following list of duties, to help you in writing your resume:
Benefits Specialist Duties & Responsibilities
• Create, design, develop, and implement core compensation and benefits plans, according to company protocols.
• Ascertain that all developed plans are following the rules and regulations established by the state.
• Analyze and elaborate benefit plans, to meet the dynamic needs of a changing workforce.
• Devise and implement policies that include medical, dental, and vision insurance, and protection against illnesses.
• Design and implement programs such as parental leaves, long-term nursing insurance, and wellness programs.
• Utilize a wide variety of methods and techniques to make data-based decisions on direct financial, indirect financial, and non-financial compensations.
• Assess the needs of all employees by conducting surveys to find out what motivates and encourages them.
• Ascertain that accuracy of all benefits enrollments in the HRIS system, on a regular basis.
• Process and administer leaves of absences and disability paperwork.
• Advise management on resolving benefits issues, and build and maintain relationships with health and retirement plan providers.
• Plan, develop, and evaluate benefits administration techniques, according to the specifics of each plan.
• Research and analyze healthcare plans to ensure that they are in sync with the needs of the employees.