They typically work in offices. Pay The Pay tab describes typical earnings and how workers in the occupation are compensated—annual salaries, hourly wages, commissions, tips, or bonuses. It is often found that people who know Benefits Administration are also skilled in Microsoft Office. This tab may also describe opportunities for part-time work, the amount and type of travel required, any safety equipment that is used, and the risk of injury that workers may face. Work Schedules Most compensation and benefits managers work full time. Similarly, compensation managers will be needed to analyze compensation policies and design competitive compensation packages. Gathers and maintains coordination of benefits data.
Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. He maintains all employee records. Organizations continue to focus on reducing compensation and benefits costs. Additionally, benefits coordinators are employed in the for-profit and nonprofit sectors. Organizations will need the expertise of benefits managers when choosing, updating, and administering their benefits policies. To be a successful benefits coordinator, a candidate must maintain confidential information regarding the personal and medical history of her firm's employees.
A candidate seeking this type of employment can apply directly to the company, organization or government agency for which he would like to work. Success Tip: Be sure to apply for any scholarships that you even barely qualify for, as there are millions of dollars of scholarships that go unused every year due to a lack of applicants! These charts show the average base salary core compensation , as well as the average total compensation for the job of Benefits Coordinator - Healthcare in the United States. They plan, direct, and coordinate operational activities of companies and organizations. These coordinators must strive to provide excellent service and resolve employees' issues in a timely manner, as well as work with other human resources staff to reach all organizational goals. Education and Training A future career as a benefits coordinator canbegin with enrolling in an Associate of Arts in Applied Psychology degree program. It is easy to become a benefits coordinator although some jobs may require a four-year degree holder, many are hiring candidates that have finished high school and possess an high school diploma or an equivalent.
It does not include equity stock compensation, cash value of retirement benefits, or the value of other non-cash benefits e. Many professional associations for human resources workers offer certifications. They might render advice to employees who aren't familiar with savings programs or advise employees on the savings plan most appropriate for the employee's circumstances. She must also possess exceptional interpersonal skills, as she will be interacting with the entire employee population, from senior management down to individuals who work in the mailroom. All state projections data are available at. They must perform all transactional and operational tasks surrounding the management of compensation and benefits packages.
My supervisor even gives me notes of appreciation on a regular basis. Work Experience in a Related Occupation Work experience is essential for compensation and benefits managers. She supports the benefits department of a company by performing all operational and transactional tasks required to design and administer employee benefits. We've also included helpful information for this career, such as job description, job duties, salary expectations, a list of possible employers and much more! Typically reports to a supervisor or manager. Drag job titles to investigate a particular path and click on a link to see where particular career can lead. She should possess strong oral and written communication skills, as she may be required to serve as intermediary between the benefits department, employees and external vendors such as insurance companies. Most of these managers work in offices.
Average total compensation includes tips, bonus, and overtime pay. Contacts for More Information The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. Professional organizations such as the Society for Human Resource Management and WorldatWork provide an abundance of resources and networking opportunities for candidates seeking employment opportunities within the field. These spreadsheets are useful during negotiation sessions when management presents its wage and benefit proposals to labor union negotiators. These roles may also be advertised in the classified section of local newspapers.
The duties of a benefits coordinator may vary; however, handling the administrative requirements of employee benefit plans is a major function of the benefits coordinator. These figures are given to the SimplyHired users for the purpose of generalized comparison only. Typically reports to a supervisor or manager. Researches, analyzes, and evaluates payer status and determines insurance coverage. He may assist in delivering benefits orientation to new employees. Employment of compensation and benefits managers is projected to grow 5 percent from 2016 to 2026, about as fast as the average for all occupations. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state.
Competition for jobs is expected to be strong. Compensation and benefits managers coordinate the work activities of specialists in offices. They also evaluate position descriptions to determine details such as classification and salary. Most of the time, benefits coordinators are employed by large companies that have made it one of the most in demand all over the world. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.
The largest employers of compensation and benefits managers were as follows: Management of companies and enterprises 24% Professional, scientific, and technical services 13 Government 10 Insurance carriers and related activities 9 Healthcare and social assistance 8 Compensation and benefits managers work in nearly every industry. It may also discuss the major industries that employed the occupation. Their work typically takes place in an office environment, during normal weekday working hours. It does not include equity stock compensation, cash value of retirement benefits, or the value of other non-cash benefits e. Please note that all salary figures are approximations based upon third party submissions to SimplyHired or its affiliates.