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Compensation & Benefits Specialist
Career Insights for Compensation / Benefits Specialist
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Scorecard
Based on Illinois data
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What they do
A Compensation or Benefits Specialist evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
$65,625 / year median in Illinois
-1% projected decline
Job Description
Responsibilities:
- Administer daily benefits operations, including enrollments, status changes, terminations, and employee support throughout the benefits lifecycle.
- Coordinate open enrollment activities by preparing materials, answering employee questions, and helping ensure timely and accurate elections.
- Review compensation and benefits data to identify discrepancies, support reporting needs, and maintain accurate records across HR systems.
- Serve as a point of contact for leave-related matters, including FMLA coordination, documentation tracking, and communication with employees and partners.
- Work closely with vendors, brokers, and internal teams to resolve benefits issues and improve the employee experience.
- Support compensation and benefits analysis by gathering information, validating details, and assisting with recommendations or program updates.
- Maintain and update employee information in PrismHR or similar HR platforms while ensuring confidentiality and data accuracy.
- Assist with process improvements, audits, and other administrative activities related to compensation and benefits programs.
Benefits
- Dental Insurance