In this career summary, you will find out what the job of A Benefits Specialist is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Compensation, Benefits and Job Analysis Specialists conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
Ensure company compliance with federal and state laws, including reporting requirements.
Evaluate job positions, determining classification, exempt or non-exempt status, and salary.
Plan, develop, evaluate, improve, and communicate methods and techniques for selecting, promoting, compensating, evaluating, and training workers.
Prepare occupational classifications, job descriptions and salary scales.
Benefits Specialists with little to no experience tend to make between $38370 and $47480 while the more experienced ones make over $77640 per year.
Top 5 paying states
1 of the easiest ways to increase your salary as A Benefits Specialist is to move to a higher paying state like DC. Right now, the highest paying states for Benefits Specialists are DC, WA, DE, NJ and CT.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Benefits Specialist is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
They research market conditions in local, regional, or national areas, or gather information to determine potential sales of a product or service, or create a marketing campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution.
They analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Related to Compensation, Benefits and Job Analysis Specialists Career Information
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