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Employee Benefits Analyst
|Overview:||They plan, implement and administer benefits programs designed to to insure employees against loss of income because of illness, injury, layoff or retirement.|
|Duties:||Analyze company benefits, laws concerning mandatory insurance coverage and other organization agreements with unions so as to comply with laws & offer employees competitive benefits packages.
They design and prepare informational literature about the company benefits for distribution to the employees and applicants.
They perform statistical analyses of benefits to be sure all levels of employees are receiving fair benefits.
They calculate the cost of the benefits package to the organization and advise employees how much they are gaining in compensation as a result of the benefits package.
|Degree(s):||A.A.S. Management: Marketing Concentration
A.A.S. Management: Real Estate-Insurance Concentration
A.S. Business Administration (Accounting and Marketing)
|Job Outlook:||Employment of employee benefits analyst is expected to grow much faster than average through 2018.Legislation and court rulings have created a demand for experts in the field. Rising healthcare costs should spur demand for workers to develop creative compensation and benefits packages.|
|Salary Range (National Average):||$32,000 to $36,000|
|Education Level:||Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.|
|Additional Training/Education:||Employee benefits analysts generally require a bachelor's degree and often a master's degree in either human resource management, industrial relations, business or psychology. Actually a mix of courses from all these study areas is desirable. Additional courses in computer applications and statistics are becoming increasingly important.|
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services Advisor to fully understand the opportunities available through study in their degree program.