How To Become A Benefits Specialist: Degree and Education Requirements

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what degree do you need to become a Compensation, Benefits and Job Analysis Specialist
majors for Compensation, Benefits and Job Analysis Specialists

Compensation, Benefits and Job Analysis Specialists

Other names for this job might include Benefit Specialist, Benefits Administrator, Benefits Analyst, Benefits Consultant, Benefits Coordinator, Benefits Manager, Benefits Representative, Benefits Specialist, Compensation / Benefits Specialist, Compensation Analyst


  • $65100
    Salary
  • 73%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Be A Benefits Specialist: What You Really Need


In this requirements guide for Compensation, Benefits and Job Analysis Specialists, you will find out what do you need to become a Compensation, Benefits and Job Analysis Specialist and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Compensation, Benefits and Job Analysis Specialist.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
89.47%

Some college courses
5.26%

Associates degree
5.26%

No degree
%

High School Diploma
%

Generally, employers are looking for Benefits Specialists who have a Bachelors degree. They also prefer someone who is good in Active Listening and Critical Thinking.

1 common question that we always get is what major or degree do I need to become A Benefits Specialist or what courses do I need to take.

We did a survey to ask other Benefits Specialists what did they major in college or university and here are the most popular majors that came up.

Human Resources Management/Personnel Administration, General

Compensation, benefits, and job analysis specialists need a bachelor’s degree. Many have a degree in human resources, business administration, finance, or a related field. Students with a background in other disciplines, such as psychology or sociology, would also benefit from taking courses in business, management, finance, and accounting.



Schools

schools for Benefits Specialists

Interested in becoming A Benefits Specialist? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Compensation, Benefits and Job Analysis Specialist




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Benefits Specialist.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Benefits Specialist, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
5 to 8 years


Work experience
4 to 6 years

4 to 6 years
40%

2 to 4 years
25%

6 to 8 years
25%

3 to 6 months
5%

1 to 2 years
5%

Job training
1 to 2 years

1 to 2 years
25%

3 to 6 months
20%

6 months to 1 year
20%

0 to 1 month
15%

1 to 3 months
10%

Most Benefits Specialists have 4 to 6 years work experience and 1 to 2 years job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Recommended but not required


Many professional associations for human resources professionals offer classes to enhance the skills and credibility of their members. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits. Although not required, certification can show professional expertise and credibility. In fact, many employers prefer to hire certified Compensation, Benefits and Job Analysis Specialists, and some positions may require certification. Certification programs for management positions often require several years of related work experience to qualify for the credential.



Skills required

We asked other Benefits Specialists if they could only have 5 skills, what would they be. Here is what they said.

1. Active Listening what does this mean
2.Critical Thinking what does this mean
3.Reading Comprehension what does this mean
4.Speaking what does this mean
5.Writing what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Benefits Specialists have these 5 common characteristics. Most of them had Integrity and Analytical Thinking.

1.Integrity
2.Analytical Thinking
3.Attention to Detail
4.Dependability
5.Cooperation




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Benefits Specialists you need to acquire knowledge in these 5 key areas.

1. Personnel and Human Resources what does this mean
2.English Language what does this mean
3.Administration and Management what does this mean
4.Mathematics what does this mean
5.Law and Government what does this mean

As A Benefits Specialist, you may also be required to know how to use certain Human resources software, Human resources software and Human resources software tools.

Actuarial Systems Corporation AIM (Human resources software)
Actuarial Systems Corporation Compliance Testing System (Human resources software)
Actuarial Systems Corporation Defined Benefit System (Human resources software)
Actuarial Systems Corporation Document Generation and Management System (Document management software)
Actuarial Systems Corporation DV Direct (Human resources software)
= Hot in-demand that most employers are looking for




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Career type

Business and Finance
Human Resources

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Related to Compensation, Benefits and Job Analysis Specialists Requirements

Compensation, Benefits and Job Analysis Specialists requirements, how to become Benefits Specialists, degree required to be a Compensation, Benefits and Job Analysis Specialist, Compensation, Benefits and Job Analysis Specialists license and certifications, majors to be a Compensation, Benefits and Job Analysis Specialist, is it hard to become a Compensation, Benefits and Job Analysis Specialist and how long does it take

Additional resources

http://www.bls.gov/OOH/business-and-financial/compensation-benefits-and-job-analysis-specialists.htm
http://www.ifebp.org/
http://www.worldatwork.org/
http://www.shrm.org/

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Compensation, Benefits and Job Analysis Specialists
Written by: Stanley Tan
Benefits Specialists conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
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