Employee Benefits Manager Job Description

By | November 21, 2011

Employee Benefits Manager Job Profile and Description

An employee benefits manager develops and administers various programmes related to employee benefits like pension plans, plans related to retirement, health, medical, education and life insurance benefits to employees. They have to do research, design and evaluate the benefits options which are offered to workers by a company or a government agency. Sometimes, they also have to offer financial counselling to employees who about to retire. Employee benefits are dynamic and ever-changing in a competitive world and their scope has been expanding in today’s world as employers are using their employee benefits package to recruit capable employees. Besides the general health insurance and pension plans, many employers offer new benefits related to disability or accidents and insurance coverage of dental and optical, homeowners’ insurance or stock options.

Employee Benefits Manager Duties and Responsibilities

The duties and responsibilities of an employee benefits manager will involve:

  • Identifying, selecting and offering a wide array of job benefits to the employees
  • Choosing the right benefits for employees to stay ahead in a competitive market
  • Encouraging employees to work in an organisation for a longer period as certain benefits can be availed only if they work at the organisation for a specific number of years
  • Keeping themselves up to date with various laws and rules about employee benefits
  • Being knowledgeable about the company’s tax incentives related to particular benefits

Employee Benefits Manager Skills and Specifications

The skills and specifications that are required of an employee benefits manager include:

  • Good interpersonal skills and an eye for detail is helpful
  • Must be ready to work under pressure and long hours during certain periods of the year
  • Must be skilled conducting research, analyzing data, working with numbers, and maintaining comprehensive records

Employee Benefits Manager Education and Qualification

The education and qualification requirements for an employee benefits manager are as follows:

  • Most companies provide in-house training but a bachelor’s degree or a master’s degree in business law, economics, business administration and finance is preferred
  • Certain specialised programmes that offer certification are also available in some colleges
  • Some states need license for the job
  • Knowledge of computer ad its basics are required

Employee Benefits Manager Salary

An employee benefits manager can expect to get around $65,000 per year on an average besides receiving various employee benefits themselves like paid vacations, medical and life insurance, pension and retirement plans etc. Those with experience can even expect to earn over $100,000 per year. The states of Rhode Island, New Jersey, Minnesota, New York and Massachusetts pay the highest.