Benefits Specialists: Know It All In 1 Minute
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.
$65100 per year
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||Hourly||Annual|
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).
Recommended degree level
We asked other Benefits Specialists what degree they had when they got the job and most of them said they had a Bachelors degree followed by Some college courses.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A Benefits Specialist successful or would they be good in this career.
Well, we found that most successful Benefits Specialists have these 5 skillsets.
In addition to that, 1 common characteristic among successful Benefits Specialists is they are good at Integrity. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Benefits Specialist as your career.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment|
|This career is perfect for people who love to work indoors.|
|Very good salary|
|Not suitable for people who likes to work with designs|
|It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Regular (Set schedule and routine)
On a normal working week Compensation, Benefits and Job Analysis Specialists work More than 40 hours per week.
73% of Benefits Specialists said they were satisfied with their job and 51% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Persuaders and The Organizers
You can read more about these career personality types here.
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.
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They plan, direct, or coordinate compensation and benefits activities of an organization.
They examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
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.
They analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
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