Benefits managers must be aware of changes to the insurance plan. For example, the keep track of what illnesses are covered and how much the plan costs. In addition, managers must follow changes in the financial markets that may affect the pension plan. In most firms, employees are able to change their benefits once a year. Thus each year benefits managers send employees information about their benefits.
Managers supervise the processing of any changes that are made.
In addition, benefits managers explain benefits to new employees. They also meet with current employees who need more information. Benefits managers also monitor government regulations that affect benefits. Training and development managers plan and organize employee training. They also help employees prepare for jobs that require more skill.