If you’ve ever gone job hunting online, you’re probably used to seeing job descriptions that feature detailed lists of benefits offered somewhere after the minimum requirements section. Health insurance, paid time off, retirement plans and other programs companies offer employees are a big factor when considering a job offer.
These detailed lists offer a view into the perks and compensation packages that keep companies competitive and employees satisfied. But behind them are professionals who administer, manage and make decisions about these programs for their companies. All aspects of non-wage compensation, such as holidays and paid time off, wellness programs, life and disability insurance, retirement planning, and tuition reimbursement are complex systems that must be managed by professionals known as benefits specialists.
Does this human resources career specialty have your interest? You’re in the right place. In this article, we’ll shine a light on the role of a benefits specialist.
What is a benefits specialist?
As you probably already know, monetary compensation is not all that employees seek when looking for a job. Benefits, such as medical insurance, are a competitive aspect for companies seeking top-quality employees. Benefits specialists administer and oversee all plans and programs that their companies offer to employees. They must also keep up to date on any changes to current plans and programs to make sure their companies comply with all federal and state laws concerning non-wage compensation.