Benefits Specialists, often referred to as Benefits Coordinators, are usually in charge of handling the organization’s employee benefits program.
To succeed as a Benefits specialist, the potential candidates must have strong organizational skills and a thorough awareness of several benefits systems. The ideal candidates for the benefits specialists job role are usually excellent communicators who can explain complex tax and legal issues.
Job Description of a Benefits Specialists
Various firms and companies look for a knowledgeable benefits consultant to join their Human Resource department or team. These candidates are usually responsible for managing the company’s team member benefits program and ensure that employees may enroll in health insurance and pension plans and understand how these plans and programs generally work.
Benefits specialists are indirectly in charge of maintaining and attracting leading personnel from within the company and keeping current with the competitors and employment market.
Responsibilities of Benefits Specialists
- Benefits specialists must ensure that employees are aware of the benefits provided by the company.
- They should also assist staff with the enrolment process for insurance schemes and savings.
- They should also be answering any queries and concerns the employees have about their benefits.
- These candidates should also communicate with insurance and providers to resolve issues.
- Benefits specialists’ duties also include conducting presentations to educate staff about their benefits.
- They must inform staff about changes made in the structure of benefits.
- These individuals also ensure leave-of-absence and company’s benefits policies adhere to the law.
- Maintaining updated records of team member’s benefits profiles is also the duty of Benefits Specialists.
- Their additional responsibilities also include calculating and determining the team member benefits will cost to the company.
Requirements for Benefits Specialists
- Prospective Benefits Specialists should hold a degree in human resources.
- The candidates must have expertise in benefits management and human resources to consider benefits specialists job positions.
- The candidates should hold a GBA, CMS, or CEBS certification to get preference in candidature.
- They must also possess excellent computer skills.
- They should also have expertise with payroll software.
- Outstanding interpersonal abilities are also required for the benefits specialists job role.
- Highly organized candidates and have superior work ethics are often preferred during the benefits specialists’ interview process.
Interview questions for Benefits Specialists
1 Are you aware of the number of maternity leaves prescribed by the law?
Ans. This response from the candidates assesses their knowledge of the laws governing team member benefits.
2 What would be your strategy to hire new staff for benefits?
Ans. This response examines the job applicant’s knowledge of the enrolment procedures.
3 How can you differentiate between the 403 (b) and 401 (k) plans?
Ans. This reply from the job applicants reveals their knowledge about several retirement plans and policies.
4 Which payroll software experience do you hold?
Ans. This answer evaluates the applicant’s capability to utilize the organization’s payroll software.
5 Which strategies do you implement to educate staff concerning their benefits?
Ans. The candidate’s response evaluates their capability to describe benefits’ advantages to the staff.
Future Scope as Benefits Specialists
Though certification is not a must to have for the benefits specialists role, holding one can help you obtain candidature as a benefits specialist. Various firms prefer to employ skilled candidates and need their staff to have certification, which necessitates several years of work experience.
The candidates working as benefits specialists are generally responsible for handling benefits and compensation programs. They are also responsible for maintaining compliance with state and federal requirements. A bachelors’ degree helps these individuals to initiate their path to becoming and holding benefits specialists positions.
As stated by the BLS or the U.S. Bureau of Labor Statistics, benefits specialists’ employment gets expected to experience a growth of six percent in the next few years. This employment role is likely to continue in demand as various organizations and firms compete for qualified employees. Besides, as healthcare coverage and employment laws evolve, there would be continuous demand for benefits specialists.
Besides, the candidates working as a benefits specialist may consider various human resources roles with time and experience in their existing job position or as a part of an employment or career transition. The job roles that the benefits team member may grow into or consider as a career advancement include benefits analyst, benefits coordinator, human resources, benefits administrator, and many more.
Benefits coordinators or benefits specialists usually get hired for the Human Resources department. They are responsible for administering the company’s benefits program, including health insurance payments and pension funds.
While interviewing job applicants for benefits specialists job roles, the recruiting staff usually hires highly knowledgeable and organized individuals. But, the candidates who lack communication abilities and cannot respond to interviewers’ questions associated with benefits are often not hired for benefits specialists positions.
The candidates looking for a career role as a benefits specialist may consider going through the article above and know the complete information related to the job position. They may also learn about the roles and responsibilities, and career advancement options that benefits specialists may have.