A professional junior level human resource personnel, the benefits coordinator helps the benefit department of a company with performing all the operational and also the transactional required tasks to be able to design and manage the benefits that the company’s employees could get. Typically, benefits coordinators are ready to pursue a career that involves salary and benefits that is intended for employees in working in a company.
Most of the time, benefits coordinators are employed by large companies that have made it one of the most in demand professional jobs all over the world. Most of the profit and non-profit groups hire them, as well as government offices and other organizations to help them in handling the funds of the institution that they are representing from.
Duties and Responsibilities
One of the biggest responsibilities of a benefits coordinator involves handling the fundamental accountabilities of handling the funds of the company. They usually are the ones responsible for issuing correct reports and computations of withholding taxes, salary deductions, and also some approval reports and endorsements that will be forwarded to the CEO of the company or to any high position officers available. Benefits coordinators are the ones involved in transacting duties that involve an employee’s benefits including medical, dental, flexible spending, and for some regular and tenured employees, retirement benefits.
They also help in giving employees with the use of these benefits at the right time. They orient newly employed individuals to learn about the benefits that they are about to get from the company as they become regularized. A benefits coordinator also handles and maintains the records of every employee in a company.
Job Opportunities for Benefits Coordinator
They are mostly employed by large or medium sized private or government owned institutions. Benefits coordinators are needed in most of the companies today due to the fact that they have the most valuable job that will give stability to the company. Sometimes, benefits coordinators are decently paid for the great job that they did for the company that they are working with. It will not be hard for them to get a job because most companies, either private or government owned, need them.
Skills and Education Requirements
It is a must that a candidate applying for a benefits coordinator position should be able to keep all of the confidential information pertaining to the medical and personal history of his or her company’s employees.
It is easy to become a benefits coordinator although some jobs may require a four-year degree holder, many are hiring candidates that have finished high school and possess an high school diploma or an equivalent. Annually, an average benefits coordinator usually earns $35,000 and above from companies. It is a good start for those who want to have an experience with handling funds and benefits packages.*
*According to the BLS, http://www.bls.gov/oco/