Benefits AnalystJob Description, Salary, Career Path, and Trends

When business leaders talk about their company’s most valuable resource, they will often mention “our people.” In almost every industry, a company’s employees are its lifeblood, and attracting and keeping the best, most talented people is vital.

Benefits analysts play a crucial role in helping companies hire the best employees it can and keeping them happy once they’re on board. 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. It can be a gratifying human resources career for the right candidates. 

Sample job description

A benefits analyst is needed for urgent hire at [Your Company Name]. It is the responsibility of this role to handle everything associated with benefits and compensation. This goes into several different jobs. First and foremost, you must have a good understanding and remembrance of the benefits the company offers. This is vital because you will be recommending it to employees, as well as updating them on any changes made. In case you do not remember it all, and for legal reasons, you must also create written descriptions of these different offers. If management decides to change these terms, you must inform employees, and update all descriptions of the benefits and compensation. A basic understanding of laws and regulations for what the company offers is required for this job. The analyst must ensure the company and employees follow these laws. On top of all this, it is the duty of this role to continually analyze everything the company offers, in hopes of finding more viable benefits. Talking with management and discussing these topics will be necessary for you to flourish in this role. 

Typical duties and responsibilities

  • Research compensation and benefits plans and policies for an organization
  • Analyze data and costs to make recommendations on plans and policies
  • Evaluate employee position descriptions to determine classification and salary for each 
  • Ensure and maintain company compliance with state and federal laws
  • Be a liaison with third-party vendors like insurance companies and investment managers
  • Coordinate company wellness initiatives 
  • Make recommendations to human resources management

Education and experience

This position requires a bachelor’s degree in human resources management, business administration, finance, or a related field.

Required skills and qualifications

  • A clear understanding of the industry to create best employee benefits packages at the lowest cost to the company
  • Strong mathematical and analytical skills
  • Excellent written and verbal communication skills
  • Adaptability, accountability, and confidentiality 
  • Highly organized
  • Ability to multitask  
  • Proficient using Microsoft Office Suite

Preferred qualifications

  • Bachelor’s degree
  • 3+ years of experience working with benefits
  • Ability to self-manage
  • Extremely motivated to help others

Average salary and compensation

The average salary for a benefits analyst is $60,500 in the United States. Position salary will vary based on experience, education, company size, industry, and market.

LocationSalary LowSalary High
Phoenix, Arizona$60,150$81,400
Los Angeles, California$67,900$91,850
Denver, Colorado$56,550$76,550
Washington, DC$68,900$93,250
Miami, Florida$56,300$76,200
Orlando, Florida$51,950$70,250
Tampa, Florida$52,450$70,950
Atlanta, Georgia$55,050$74,450
Chicago, Illinois$63,250$85,600
Boston, Massachusetts$68,400$92,550
Minneapolis-St. Paul, Minnesota$54,500$73,750
New York City, New York$72,000$97,400
Philadelphia, Pennsylvania$58,650$79,300
Dallas, Texas$57,100$77,250
Houston, Texas$56,550$76,550
Seattle, Washington$65,800$89,050
National Average$51,450$69,600

Typical work environment

Primarily, work will be done in office spaces. Depending on the type of company, changes in the atmosphere for the office will change as well. Whether that’s a loud industrial warehouse office or a cozy little space in a large headquarters. You can expect your hours to be similar to that of regular office hours. In order to successfully fill this role, great communication skills are needed. This is not only for conversing with employees to ensure they are up-to-date but also for constantly discussing new proposals for systems the company should or should not incorporate.

Typical hours

The typical work hours for a benefits analyst are from 9 AM to 5 PM, Monday through Friday in an office setting.

Available certifications

A benefits analyst may find one of the following certificates useful in finding a position and increasing success in a benefits analyst position:

  • CBP. The Certified Benefits Professional is a widely recognized certificate in the field of human resources. This gives you the opportunity to prove that you do have the ability to complete any requirements the job may ask. Statistically, this certificate has a tendency to increase salary and give more fulfillment from this job. 
  • PHR. Although there aren’t many certifications directly tied to benefits analysts, getting an indirect certificate may help as well. Becoming a Professional in Human Resources is still a certificate that will catch an employer’s eye if you are attempting to become an analyst. This will prove that you do have the capability of working in this department and may open opportunities after becoming a benefits analyst.

Career path

The path to becoming a benefits analyst starts by obtaining a bachelor’s degree in human resources management, business administration, finance, or a related field. Also, earning certification as a Professional in Human Resources or a Certificate in Benefits and Compensation can further advance a career in human resources.

US, Bureau of Labor Statistics’ job outlook

SOC Code: 13-1141

2020 Employment91,900
Projected Employment in 2030100,700
Projected 2020-2030 Percentage Shift 10% increase
Projected 2020-2030 Numeric Shift8,800 increase

According to the Houston Chronicle, while some outsourcing might factor into their roles, companies will always need benefits analysts to create the most attractive benefits plans to attract the best talent. 

Sample interview questions

  • Do you have the ability to hold a fluent and productive conversation?
  • Can we rely on you to remember all company policies?
  • Do you have confidence in your ability to make decisions?
  • Can you find faults in data after analysis?
  • Can you keep up to date with any laws or regulations involving benefits and compensation?
  • Do you have the writing ability to describe and explain company policy?
  • Do you have any experience in Human Resources?

Benefits Analyst Jobs in Ashburn

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