What Is a Certified Benefits Specialist?
| Degree Required | Bachelor's degree may be beneficial |
| Certification | Specialty Designations, Certified Employ ... |
| Education Field of Study | Business administration, human resources ... |
| Key Responsibilities | Implement benefits programs, educate emp ... |
| Job Growth (2020-2030) | 10% (for all compensation, benefits and ... |
Full Answer
What should your employee benefits specialists do?
What Does a Benefits Specialist Do?
- Compare Costs to the Organization of Popular Benefit Plans. ...
- Choice of Investment Mechanism, Pension Terms and Retirement Savings Plans. ...
- Interaction with Employees and the Public. ...
- An Engaging Career for Those with a Technical and Analytical Mind. ...
How do I become benefits analyst?
- Make recommendations regarding our existing benefits program
- Develop presentations and written materials to explain our benefits program to employees
- Assist with the enrollment process and provide support for day-to-day benefits administration
- Answer employee questions
- Help manage our wellness program
- Ensure compliance with all regulatory standards
What is a certified employee benefit specialist?
- Important Facts About This Occupation
- Education. According to the U.S. ...
- Certification. To prove your skills, knowledge, and abilities in the field of employee benefits management, you can earn a professional certification.
- CEBS Designation. ...
- CBP Designation. ...
How do I become a health insurance specialist?
- shops and supermarkets (places which offer goods or services for retail sale or hire)
- auction houses
- post offices, banks, building societies, high street solicitors and accountants, credit unions, short-term loan providers, savings clubs and money service businesses
- estate and letting agents
How much does it cost to get CEBS certification?
The cost to complete the program is approximately $4,000. This includes fees for course materials, registration and testing. Human resources professionals can earn other certifications similar to the CEBS.
Is the CEBS designation worth it?
76% said earning their Certified Employee Benefit Specialist (CEBS) helped them make more money. 48% said earning their Certified Employee Benefit Specialist (CEBS) helped them get a job. 94% said they would recommend a family member or friend earn their Certified Employee Benefit Specialist (CEBS)
How long does it take to get GBA designation?
three-yearHow long will it take to earn a designation? The CEBS program is designed so that you can complete the CEBS/GBA/RPA designations within a three-year time frame.
How do I get GBA certified?
The Group Benefits Associate (GBA) designation is earned by individuals in the group benefits arena who complete the extensive four-course curriculum and successfully pass the examination.
How long does it take to study for CEBS?
three yearsThe CEBS focused curriculum allows students to attain the credential in less than three years. Course costs vary depending on the study method you choose.
How long is the CEBS exam?
two-hourEach exam is a two-hour timed exam consisting of 100 multiple choice questions. When you purchase the exam for each course, you will receive an email with exam access instructions for your selected testing window. Below is detailed information on the exam process.
What is a GBA degree?
The Master of Global Business Administration (GBA) is an online degree program that is in keeping with Fletcher's commitment to innovation in education. The GBA educates leaders prepared to shape the future by delivering an international business education that fully incorporates international contextual issues.
What is GBA certificate?
Group Benefits Associate—GBA The Group Benefits Associate (GBA) designation is an ideal fit for those dealing with health and other group benefits. The courses reflect up-to-date and relevant information needed to effectively design, administer and communicate group benefits.
What is CEB certification?
CEB ensures that radio and telecommunications equipment used in Canada meets legislated standards, and that equipment is certified and registered in a timely manner. The Bureau's work has led to improved regulations, standards and spectrum planning.
What is GBA salary?
Group Benefits Associate (GBA) Jobs by SalaryJob TitleRangeAverageBenefits SpecialistRange:$46k - $69kAverage:$55,131Benefits ConsultantRange:$63k - $113kAverage:$84,203Senior Benefits AnalystRange:$59k - $79kAverage:$64,000Benefits AnalystRange:$56k - $72kAverage:$65,9853 more rows
What does GBA stand for in HR?
GBA stands for Group Benefits Associate (human resources) This definition appears frequently and is found in the following Acronym Finder categories: Business, finance, etc.
What is the passing score for CEBS exam?
Each exam is a two-hour, 100 question, computer-administered exam; a pass grade is based on scoring approximately 70% on the examination.
How much does it cost to become a CEBS?
Candidates must complete eight courses and pass their respective exams to become designated a CEBS. Course materials through the IFEBP range between $150 and $350, and students receive a $20 exam discount if they register simultaneously for the exam and the course. Each exam (without the discount) costs $315 and students must pay an initial registration fee of $125.
What is an EBS certification?
EBS certificants have the knowledge and training to understand complex issues related to employee benefits and how to deal with them. Those who carry this credential are attractive candidates for management and supervisory positions, as well as teaching and administrative positions.
Why is CEBS important?
Achieving the CEBS credential is an important step for advancing a career in the benefits and compensation industry. The coursework is a thorough education in this arena, and is also a valuable source of continuing education for other credentialed professionals, such as CLUs, CFPs, and CPAs.
How many hours do you have to take the CFP board exam?
Board Exams. Students must pass eight two-hour exams that consists of 100 multiple-choice questions that uniformly cover all of topics in each course.
How many courses are required for CEBS?
The CEBS curriculum consists of two segments: six required courses and two electives. The six required courses cover basic tenets of employee benefits, and the two electives allow the certificant to focus on an area of specialization.
What is the code of ethics for CEBS?
CEBS certificants must take the Pledge of Conduct that is given by the IFEBP, and adhere to a code of ethics that requires competence, objectivity, and professionalism. They pledge to participate in continuing education as part of the code of ethics, though continuing education is not explicitly required to maintain the designation.
What is CEBS in compensation?
As a result, employers must fully understand how they work in order to use them to best meet their employees’ needs. Certified Employee Benefits Specialists (CEBS) are thoroughly trained in all aspects of employee benefits and their proper use.
How Can I Earn A Benefits Specialist Certification?
The International Foundation of Employee Benefit Plans (IFEBP) is the professional organization that grants benefit specialist certifications ( www.ifebp.org ). The IFEBP offers several certifications. You must complete a specialized program or a number of specialized courses in order to sit for the certification exams.
What is a benefit specialist?
Benefits specialists work to negotiate employee benefit plans and help employees understand their benefits. Read on to learn about certification options and degree programs, including online study. Also, find out the employment outlook for human resources and benefit specialists.
How many courses are required for a CMS certification?
GBA, RPA and CMS certifications each require you to complete three courses related to the individual specialty. You may prefer to only become certified in one area rather than complete the entire regimen to become a CEBS. You must pass a qualifying examination in each individual area or an overall CEBS exam in order to earn certification.
What is CEBS in healthcare?
The certified employee benefits specialist (CEBS) program consists of six required and two elective courses. The six required courses consist of two courses in each of the following specializations: compensation management specialist (CMS), retirement plans associate (RPA) and group benefits associate (GBA). GBA courses mainly deal with healthcare; RPA courses deal with retirement plans; and CMS courses deal with human resources and compensation. The two electives may be chosen from any of the specialties.
What is the average salary of human resources specialists in 2020?
The BLS reported the median annual wage for human resources specialists for 2020 was $63,490, and the expected employment growth for those positions in the 2019-2029 decade is 7%.
What is a certified employee benefit specialist?
The Certified Employee Benefit Specialist program is a five course curriculum covering an entire spectrum of employee benefits. It is designed to help individuals develop a comprehensive understanding of employee benefit principles and concepts.
What is CEBS designation?
The CEBS designation is awarded to qualified candidates upon the successful completion of the required national examinations. The CEBS website is an independently managed website of the Wharton School of the University of Pennsylvania.
What is CEBS in Wharton?
Housed at Wharton Executive Education, the CEBS Program is one of the premier educational resources of the Industry Associations and Member Organizations unit.
What Is a Benefits Specialist?
A benefits specialist handles employee compensation packages, including retirement and insurance benefits as part of a company’s human resources (HR) department.
How to Become a Benefits Specialist
To become a benefits specialist, you need a bachelor’s degree in human resources and ample work experience, though some jobs may require a master’s degree. In these education programs, you learn the basics of business management, ethics, and the intricacies of human resources.
Benefits Specialist Job Description Sample
With this Benefits Specialist job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Benefits Specialist role.
What is a compensation and benefits specialist?
A compensation and benefits specialist is an HR professional who is responsible for managing employee compensation. They are the people employees can go to if they have any questions or concerns about their paychecks or benefits. Companies hire these HR professionals to ensure the payment aspect of the company is running efficiently.
What do compensation and benefits specialist do?
A compensation and benefits specialist is responsible for the following tasks:
Salary and job outlook for compensation and benefits specialist
While compensation and benefits specialist is a single job title, there is salary information on compensation specialists and benefits specialists. A compensation specialist makes a national average salary of $84,409 per year. Common benefits for this job title include stock options, wellness programs, AD & D insurance and company-provided food.
Comprehensive
Everything you need to know about delivering cost-effective pharmacy benefits is contained in 8 narrated and detailed course modules. Whether you contract PBM services directly or support those who do, this program is a must. More details about each module are provided below.
Current
All the information, concepts, actions steps and approaches contained in this program are based on recent research and best practices.
Practical & Tangible
This program is not theoretical. We explore the practical application of best practices, concepts and strategies in a straightforward and tangible way so you can apply what you learn immediately. Throughout the program you build a personal action plan for how you will apply everything covered in this program.
Interactive & Engaging
This program is brimming with stories, examples, tips, tools and video excerpts for you to discover and each course module includes interactive quizzes to test your understanding. We also provide a 200 page training guide to help you maximize your learning experience.
Proven
This program is based on our highly successful and effective flipped classroom training method. In fact, we include on-demand recordings from each module. Students have an opportunity to review concepts according to their own schedule and as many times as they see fit.
Certified
Upon successful completion of this certification program you will receive a certificate of completion and certification as a Certified Pharmacy Benefits Specialist. This certification is provided by the Pharmacy Benefit Institute of America and backed by the University of Kentucky College of Pharmacy.
Convenient
You can complete this entire program in the comfort of your home or office. You have access to the program for a full 8 weeks so you can take your time and even revisit the content after you have completed the program for a quick refresher.
What is CEBS certification?
The CEBS designation delivers professional expertise supported by researched-based best practices with curriculums developed by the Wharton School of the University of Pennsylvania and Dalhousie University.
What is ISCEBS in benefits?
International Society of Certified Employee Benefit Specialists (ISCEBS) brings together benefit professionals who are among the best and brightest in the industry. Connect with other CEBS graduates and students, and get involved in your local chapter to grow your professional network.
What does CEBS do?
CEBS coursework does more than prepare you to pass an exam—It prepares you to think strategically, make decisions confidently and sleep soundly knowing you’ve done the best you can for the lives impacted by the work you do.
Does CEBS have online testing?
CEBS students have a virtual online testing option for exams. CEBS students have a virtual online testing option for exams. From health care strategy to retirement plan funding to contributing to an employee culture that drives business success, benefits pros have meaningful influence on organizational success.
How to become a certified employee benefit specialist?
To truly be a specialist, you will need to complete specialized coursework. If you are committed to working in benefits and compensation, it is a must to complete an International Foundation of Employee Benefit Plans program. By taking continuing education classes through this association, you will learn about healthcare financing, health plan design, and compensation management. You should also work towards meeting the requirements to become a Certified Employee Benefits Specialist. After completing the intensive training programs, you can test for a credential and then market yourself.
What is compensation and benefits specialist?
A compensation and benefits specialist plays an important role in businesses and other organizations. As the manager responsible for developing benefits plans and health insurance policies, the benefits specialist must be well-versed in curriculum that related to human resources. If you are interested in working in the field ...
Why are HRIS classes necessary?
HRIS classes are necessary because payroll systems are so technologically advanced.
How to get a job in compensation?
Step 1: Enroll in a Bachelor’s Degree Program. If you are pursuing an entry-level position in compensation, the very first step is to complete a relevant formal degree program. Most employers are looking for qualified candidates who have a minimum of a Bachelor’s degree.
Do compensation and benefits managers go down the same path?
While every employer has their own qualification, most compensation and benefits managers go down a similar path to pursue positions with top-ranked companies. Here are the steps that you can take to get to your goal in the shortest period of time.
