Compensation, Benefits and Job Analysis Specialists: Salary, Job Description, How To Be One and More

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Compensation, Benefits and Job Analysis Specialists jobs information
pros and cons of being a Compensation, Benefits and Job Analysis Specialist

Compensation, Benefits and Job Analysis Specialists

Other names for this job might include Benefit Specialist, Benefits Administrator, Benefits Analyst, Benefits Consultant, Benefits Coordinator, Benefits Manager, Benefits Representative, Benefits Specialist, Compensation / Benefits Specialist, Compensation Analyst


  • $65100
    Salary
  • 73%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

B



Benefits Specialists: Know It All In 1 Minute


In this career summary, you will find out what the job of A Benefits Specialist is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Compensation, Benefits and Job Analysis Specialists conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.

  • Ensure company compliance with federal and state laws, including reporting requirements.
  • Evaluate job positions, determining classification, exempt or non-exempt status, and salary.
  • Plan, develop, evaluate, improve, and communicate methods and techniques for selecting, promoting, compensating, evaluating, and training workers.
  • Prepare occupational classifications, job descriptions and salary scales.

Read more about what does A Benefits Specialist really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$65100 per year

Hourly wage
$31.3 an hour


Benefits Specialists with little to no experience tend to make between $38370 and $47480 while the more experienced ones make over $77640 per year.

Top 5 paying statesHourlyAnnual
DC$39.55$82270
WA$36.77$76490
DE$36.48$75880
NJ$36.23$75360
CT$35.66$74170

1 of the easiest ways to increase your salary as A Benefits Specialist is to move to a higher paying state like DC. Right now, the highest paying states for Benefits Specialists are DC, WA, DE, NJ and CT.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Benefits Specialist is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Benefits Specialists make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Benefits Specialists what degree they had when they got the job and most of them said they had a Bachelors degree followed by Some college courses.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Human Resources Management/Personnel Administration, General

Another popular question from our readers is what makes A Benefits Specialist successful or would they be good in this career.

Well, we found that most successful Benefits Specialists have these 5 skillsets.

Active Listening
Critical Thinking
Reading Comprehension
Speaking
Writing

In addition to that, 1 common characteristic among successful Benefits Specialists is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Analytical Thinking
Attention to Detail
Dependability
Cooperation
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Benefits Specialist and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Benefits Specialist as your career.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment
This career is perfect for people who love to work indoors.
Very good salary
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
73%

Is this job meaningful
51%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Compensation, Benefits and Job Analysis Specialists work More than 40 hours per week.

73% of Benefits Specialists said they were satisfied with their job and 51% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Persuaders and The Organizers


You can read more about these career personality types here.

People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

They also like following set procedures and routines. They like working with data and details more than with ideas.



How we can help

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Career type

Business and Finance
Human Resources

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Job Description
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Related to Compensation, Benefits and Job Analysis Specialists Career Information

Compensation, Benefits and Job Analysis Specialists job description, Compensation, Benefits and Job Analysis Specialists salary, Compensation, Benefits and Job Analysis Specialists information, what is the job of a Compensation, Benefits and Job Analysis Specialist like, pros and cons about Compensation, Benefits and Job Analysis Specialists, colleges and universities for Compensation, Benefits and Job Analysis Specialists, is Compensation, Benefits, and Job Analysis Specialists the right career for me, Quite Hard careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/OOH/business-and-financial/compensation-benefits-and-job-analysis-specialists.htm
http://www.ifebp.org/
http://www.worldatwork.org/
http://www.shrm.org/

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Compensation, Benefits and Job Analysis Specialists
Written by: Stanley Tan
Benefits Specialists conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
4 / 5 stars

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