What does a benefit consultant do?
A benefits consultant is an experienced professional who advises business clients on insurance, employee benefits, and other products. They often have long-standing relationships with their clients and can assist them with paperwork, compliance, and annual renewals.
What are benefit administrators?
The benefits administrator position is responsible for directing and planning the day-to-day operations of group benefits programs (group health, dental, vision, short-term and long-term disability, worker’s compensation, life insurance, travel and accident plan, flexible spending plan, retirement plans, etc.).
Are benefits administrators in demand?
According to the U.S. Bureau of Labor Statistics, demand for talent to fill Benefits Administration jobs will increase over the next decade due to both new job creation and the need to replace workers who have left the industry due to retirement or for other reasons.
What is a benefit administration platform?
A benefits administration platform is a software system that manages employer-sponsored benefits packages for employees. It can even be managed by the employees themselves.
Do you need a degree to be a benefits consultant?
To become a benefits consultant, you need a bachelor’s degree in human resources, business, economics, or a related field. Acquire an entry-level position in a human resources department at a local company to gain experience in the field.
How are benefits consultants paid?
Benefits consultants advise companies and manage employee benefits such as health insurance, retirement plans, and many more. As a benefits consultant, you might work for a consulting firm and earn your salary on a commission basis.
How do I become a benefits administrator?
The qualifications you need to become a benefits administrator include a bachelor’s degree in human resources (HR) or a related field. Prior experience working as a human resources coordinator or assistant is essential, as many employers do not consider this an entry-level position.
What does a compensation and benefits administrator do?
Compensation and benefits managers analyze data on wages and salaries and the cost of benefits, and they assess and devise programs that best fit an organization and its employees.
How do I become a payroll and benefits administrator?
- Certificate Programs.
- Administrative Assistant.
- Office Management.
Who are benefitfocus competitors?
Benefitfocus competitors include UKG, Businessolver, Empyrean Benefit Solutions and Connecture.
What is Workday HCM?
Designed for the way people work, the Workday Human Capital Management (HCM) suite enables you to embrace change by providing workforce and operational insights. It is the only global enterprise application that unifies human resources, benefits, talent management, payroll, time and attendance as well as recruitment.