Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
Benefits Managers are responsible for the administration and management of a company's employee benefits program. They develop, implement, and coordinate various benefits such as health insurance, retirement plans, and leave policies.
Education: Bachelor's degree
Years in related career: 5 years or more
On-the-job training: None
Projected Growth: 2.2% (average)
Annual job openings: 1,500
Direct AI exposure: 18% of tasks
Potential AI exposure: 74% of tasks
| According to the U.S. Bureau of Labor Statistics, average income (in USD) in 2025 was $149K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $89K per year | $113K per year | $149K per year | $201K per year | $257K per year |
| Compared to other careers: Median is $98K above the national average. | ||||
Benefits Managers typically work in an office environment, often within the human resources department of a company. They interact with employees, insurance brokers, and benefits vendors, and may also coordinate with the company's legal and finance departments.
Benefits Managers play a critical role in ensuring employee satisfaction and retention by managing and designing attractive benefits packages. They must stay updated on the latest trends and regulations in employee benefits to provide competitive and compliant benefits options. This requires a strong understanding of insurance, finance, and employee wellness, coupled with the ability to analyze the costs and impacts of various benefits offerings.
Effective communication and negotiation skills are essential, as Benefits Managers often interact with insurance providers, benefits vendors, and employees. They need to clearly explain complex benefits information and negotiate favorable terms with providers. Strong organizational skills are also crucial for managing enrollment processes, maintaining records, and ensuring smooth operations of the benefits programs.
The role involves a strategic aspect, requiring Benefits Managers to align the benefits programs with the overall objectives of the organization and the needs of its workforce. They must balance cost-effectiveness with the quality of benefits, ensuring the company remains an attractive employer while managing budgets effectively.
A bachelor's degree in human resources, business administration, or a related field is typically required. Some positions may prefer additional certifications or a master's degree in human resources or business administration.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
