| Rank | Company | Zippia Score | Average Benefits Analyst Salary |
| 1 | 1. Genworth Financial | 4.9 | $66,496 |
| 2 | 2. Ing Security Life Of Denver | 4.8 | $65,255 |
| 3 | 3. CSG | 4.7 | $64,930 |
| 4 | 4. Kaiser Permanente | 4.8 | $59,492 |
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 does compensation and benefits analyst do?
- Responsible for maintaining regular reports, trackers, and databases
- Actively contribute to building new reports, trackers, and databases related to HR and compensation
- Responsible for drafting and sending out personnel action forms to the payroll department
- Assist with compensation projects and special reports
What skills do you need to be an analyst?
“There are certain interpersonal communication skills and characteristics that are useful for a business analyst,” Stanislav Kondrashov believes. Perhaps, communication is the most important skill that a person has. It includes a wide range of skills, such as establishing mutual understanding, ability to listen, influence and develop empathy.
What are the job duties of an analyst?
Here’s an overview of the most common duties you’ll find in a data analyst job description:
- Collect data from a variety of sources
- Create mechanisms for exploring structured, semi-structured, and unstructured data
- Handle confidential information responsibly
- Manage metadata
- Commission and decommission datasets
- Assess data quality
- Support data integrity initiatives
- Define new collection techniques
- Identify patterns in data
What is the role of a benefits analyst?
Benefits Analyst Job Duties Typically, benefits analysts take primary responsibility for administering and communicating benefit programs at the corporate level. They interpret related policies and procedures, and ensure compliance with regulatory agencies.
How do I become a benefits analyst?
Benefits Analyst Requirements:Bachelor's degree in human resources.A master's or doctoral degree in human resources or business is preferred by some companies for senior positions.3-7 years of experience in benefits processes and retirement planning.More items...
What is an HR benefits analyst?
Benefit analysts review and analyze employee benefits plans and policies, as well as compensation packages. They recommend the best programs for their organizations to use, ideally attractive to prospective employees as well as good for the company's bottom line. The job of a benefits analyst touches so many employees.
What is health and benefits analyst?
Summary: This position is responsible for supporting senior analysts and consultants who manage client accounts by requesting and analyzing data from various vendors, researching compliance issues, and evaluating benefit plans and programs.
What skills are needed for compensation analyst?
What Skills Does a Compensation Analyst Need?Extensive knowledge of quantitative and qualitative research methods.Extensive knowledge of human resource laws, regulations, and best practices.Excellent written and verbal communication skills.Excellent organizational and time management skills.More items...
What is the role of a benefits administrator?
The benefits administrator position is responsible for directing and planning the day-to-day operations of group benefits programs (group health, dental, vision, short-term and long-term disability, worker's compensation, life insurance, travel and accident plan, flexible spending plan, retirement plans, etc.).
What is a benefits coordinator?
Job Summary: The employee benefits coordinator position assists employees with benefits enrollment and questions, verifies all insurance billing, maintains employee database and files, and ensures compliance with required benefit notices.
Is benefit analyst a good career?
The benefits analyst field has a projected growth of 9 percent between 2016 and 2026. That's similar to the average growth of all occupations, making it a solid career path. Companies will always need analysts to help create the best benefits plans to attract top talent.
What is benefits analyst?
A benefits analyst evaluates, recommends, and administers employee benefit programs and has sound knowledge of laws governing benefits compliance. They communicate the advantages of benefit packages to management and staff and have to stay abreast of employee benefits information. Benefits analysts manage benefits transactions ...
What is the job of a benefits officer?
Providing information to explain changes in benefits to employees and answering employee queries about benefits policies. Identifying and practicing proven strategies to attract desirable personnel. Ensuring that policies are renewed on time so that they do not lapse.
What is an analytical skills?
Excellent analytical skills to research and evaluate benefits programs to make informed choices. The ability to present information clearly and in a manner that is understandable to managers and employees and to answer questions. Excellent writing skills for reports and benefits information.
What Does a Benefits Analyst Typically Do?
A Benefits Analyst assesses the entire remuneration function of an organization, including pay, benefits, and perks, and provides feedback to HR management.
Benefits Analyst Salary
The average salary for a Benefits Analyst will typically be between $53,000 and $66,000 annually in the U.S. The median is around $59,464.
Hiring Resources for Ambitious Companies
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What is benefits analyst?
Benefits Analyst I researches, analyzes, evaluates, and administers corporate benefit plans and programs. Monitors benefit trends in the business environment and must stay abreast of applicable benefits legislation. Being a Benefits Analyst I assists in determining impact of new policies or provisions. May require a bachelor's degree. Additionally, Benefits Analyst I typically reports to a manager. The Benefits Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Benefits Analyst I typically requires 0-2 years of related experience.
What degree do I need to become a benefits analyst?
May require a bachelor's degree. Additionally, Benefits Analyst I typically reports to a manager. The Benefits Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Benefits Analyst I typically requires 0-2 years of related experience.
What is a benefit analyst?
Benefits Analysts are responsible for the evaluation and administration of retirement, health, and welfare employee benefit programs of an organization. Due to the sensitive nature of their job, they are expected to always monitor benefits trends in the business environment and be up-to-date with the relevant laws and legislation regarding benefits.
Why is it important to be a benefits analyst?
The role of a benefits analyst is very important to any organization because they are literally responsible for making sure employees stay motivated. There is more than meets the eye when it comes to being a benefits analyst.
What degree do you need to be a benefits analyst?
Other degrees that we often see on benefits analyst resumes include master's degree degrees or high school diploma degrees. You may find that experience in other jobs will help you become a benefits analyst. In fact, many benefits analyst jobs require experience in a role such as benefit specialist.
How much does a benefit analyst make?
Benefits Analysts in America make an average salary of $59,095 per year or $28 per hour. The top 10 percent makes over $78,000 per year, while the bottom 10 percent under $44,000 per year.
What are the best states to work as a benefits analyst?
The best states for people in this position are Washington, Nevada, Rhode Island, and California. Benefits analysts make the most in Washington with an average salary of $73,232. Whereas in Nevada and Rhode Island , they would average $68,411 and $67,899, respectively. While benefits analysts would only make an average of $67,405 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
What Does a Benefits Analyst Do?
A benefits analyst manages corporate benefits and compensation programs for a human resources department.
How to Become a Benefits Analyst
The minimum qualifications you need for a career as a business analyst are a bachelor’s degree in business administration, human resources management, or organizational psychology, and experience working in the human resources field.
Benefits Analyst Job Description Sample
With this Benefits Analyst 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 Analyst role.
What is the role of Benefits Analyst?
The Role of a Benefits Analyst. Company benefits let you invest in retirement plans, take paid time off or choose the right health insurance plan for your family. The perks of any job are often a major deciding factor in whether or not someone accepts the position.
Who does a benefits analyst work with?
A benefits analyst may also work with brokers, vendors and carriers who actually offer the benefits provided, such as insurance companies.
Why do companies hire benefits analysts?
Company's hire benefits analysts to optimize benefits programs. The benefits analyst helps attract employees to the company by creating a balanced and appealing benefits program, but there's more to it than just picking perks that employees want. This role has to analyze the current trends, consider costs and find the best products for ...
Why are analysts important?
As new benefits become popular, analysts are very important in figuring out how to administer those new programs. Outsourcing of some benefits administration activities may decrease the need for some analyst roles.
How much experience is needed to become a benefits analyst?
A benefits and retirement plan analyst salary increases with experience. Landing a job as a benefits analyst typically requires less than five years of experience in related positions.
What are the benefits of a company?
The benefits a company offers can vary, but common programs include insurance, time offer, retirement plans and wellness programs. Some companies may offer additional benefits, such as gym memberships, tuition reimbursement, health or childcare reimbursement accounts, bonuses and travel expenses.
What does a benefit analyst do?
What does a Benefits Analyst do? A Benefits Analyst researches, analyzes, evaluates, and administers corporate benefit plans and programs. Monitors benefit trends in the business environment and must stay abreast of applicable benefits legislation.
What do benefits analysts need to know?
Insurance knowledge – benefits analysts must have a deep understanding of the insurance industry and its core concepts. Understanding of basic math – successful analysts need to know how to add, subtract, divide, and multiply.
How much does a benefit analyst make?
How much does a Benefits Analyst make? The average salary range for a Benefits Analyst is from $54,156 to $66,803. The salary will change depending on your location, job level, experience, education, and skills.
What degree do I need to become a benefits analyst?
May require a bachelor's degree. Additionally, Benefits Analyst typically reports to a manager. The Benefits Analyst works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Benefits Analyst typically requires 0-2 years of related experience.
