Benefits Manager
Benefits managers oversee a corporation’s benefits program, which would include retirement plans, health insurance and other benefits. They communicate benefits rules and regulations to employees and manage records for benefits. Benefits managers ensure the security of the data required for successful administration by the third-party administrators and choose the best benefits supplier for the company.
What Responsibilities Will I Have?
- Manage employee benefits program and retirement plans
- Determine a company’s pay system and benefits allowances
- Review various benefit plans for salaried and nonunionized associates
- Advise a company on which benefits program should be used
- Communicate with companies that provide benefits administration systems
- Research benefits program options and anticipate price changes
- Communicate benefits rules and regulations to employees
- Prepare documentation for staff regarding benefits packages
- Act as a liaison between the management team and employee
- Negotiate payroll and befit service contracts
- Manage records for benefits
- Hire and train benefits staff
- Support the HR team to help improve recruitment and retention
- Keep current on new benefits services offered in the workplace and applicable benefits legislations
- Create benefits reports and budgets
- Ensure all benefits plans operate in compliance with applicable government regulations
Recommended High School Courses:
- agricultural education
- mathematics
- personal finance
- business
- statistics
Education/Training Required:
A bachelor’s degree in human resources, finance, business administration or a related field is required to be a benefits manager.
