Big corporations and small businesses alike strive to acquire the best employee talent, and full-service benefits specialists help make that happen. Benefits specialists have a challenging job: finding packages and perks that are in the best interests of both the company and their hardest working employees.
If you’ve ever considered a job in this field, but have questions about the position, this article was written for you.
What Do Full-Service Benefits Specialists Do?
They get the best possible deal on an attractive employee benefits program.
The job first and foremost involves comparing benefits plans and packages and securing the best one for the company and the employees. For example, that means looking into various health care coverage options in an effort to find one that requires minimal corporate spending for maximum services. This applies to other benefits as well, including dental plans, life insurance policies, and investment options.
Choose Retirement Plans and Pension Terms
Specialists are also responsible for balancing the costs and benefits of various retirement programs. They will compare and contrast 401(k) providers, matching contribution programs, and pension systems. These decisions cannot be taken lightly, because they affect how employees can expect to live out their later years when their careers have come to a close.
Inform, Assist, and Interact with Employees
Benefits specialists, in addition to acquiring benefits packages, educate employees on their options. Because of their extensive HR and benefits knowledge, specialists can walk employees through the process of selecting the plan that works best for them. This also includes other types of benefits a company may offer. For instance, paid leave is the most commonly provided benefit and includes paid holidays and vacation time, which are made available to 77% of employees across the country.
This type of work requires strong communication skills and the ability to work well with others. If you love to negotiate and have a keen eye for detail, a job as a benefits specialist may be right for you. As a benefits specialist, you will be on the front lines of major company changes, talent acquisition, and employee wellbeing.