Compensation, Benefits, and Job Analysis Specialists

Benefits Analyst
Benefits Consultant
Benefits Specialist
Compensation Analyst
Compensation and Benefits Analyst
Compensation and Benefits Specialist
Compensation Consultant
Compensation Specialist
Employee Benefits Specialist
Position Classification Specialist

What is a Compensation, Benefits, and Job Analysis Specialists?

Compensation, Benefits, and Job Analysis Specialists are professionals who focus on developing, implementing, and managing compensation and benefits programs for organizations. They play a critical role in ensuring that an organization’s pay structure is competitive and equitable, helping to attract and retain talent while fostering employee satisfaction and engagement. These specialists conduct market research to assess current compensation trends, analyze internal job structures, and evaluate the fairness of pay practices across various roles and departments. Additionally, they assess the effectiveness of employee benefits programs, which may include health insurance, retirement plans, and other perks, to ensure they meet both employee needs and organizational goals. Through systematic job analysis, they determine job responsibilities and requirements to ensure alignment with compensation strategies, enhancing the overall job classification and grading systems within a company.

Career Assessment
Career Assessment

Tasks

  • Administer employee insurance, pension, and savings plans, working with insurance brokers and plan carriers.
  • Ensure company compliance with federal and state laws, including reporting requirements.
  • Research employee benefit and health and safety practices, and recommend changes or modifications to existing policies.
  • Advise managers and employees on state and federal employment regulations, collective agreements, benefit and compensation policies, personnel procedures, and classification programs.
  • Plan and develop curricula and materials for training programs and conduct training.

Technology Skills

Tools Used

Knowledge

  • Personnel and Human Resources

    Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.

  • English Language

    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

  • Customer and Personal Service

    Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

  • Mathematics

    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • Administration and Management

    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Skills

  • Active Listening

    Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

  • Reading Comprehension

    Understanding written sentences and paragraphs in work-related documents.

  • Speaking

    Talking to others to convey information effectively.

  • Critical Thinking

    Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

  • Active Learning

    Understanding the implications of new information for both current and future problem-solving and decision-making.

Abilities

  • Oral Expression

    The ability to communicate information and ideas in speaking so others will understand.

  • Oral Comprehension

    The ability to listen to and understand information and ideas presented through spoken words and sentences.

  • Written Comprehension

    The ability to read and understand information and ideas presented in writing.

  • Deductive Reasoning

    The ability to apply general rules to specific problems to produce answers that make sense.

  • Inductive Reasoning

    The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Education

How much education does a new hire need to perform a job in this occupation?

  • Bachelor's degree
    86 %
  • Post-baccalaureate certificate
    10 %

    Awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree, but do not meet the requirements of academic degrees carrying the title of Master

  • High school diploma or equivalent
    5 %

    or: GED, High School Equivalency Certificate

Work Activities

  • Evaluating Information to Determine Compliance with Standards

    Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.

  • Getting Information

    Observing, receiving, and otherwise obtaining information from all relevant sources.

  • Communicating with Supervisors, Peers, or Subordinates

    Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

  • Working with Computers

    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

  • Analyzing Data or Information

    Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

Detailed Work Activities

  • Oversee business processes.
  • Monitor organizational compliance with regulations.
  • Administer compensation or benefits programs.
  • Develop organizational policies or programs.
  • Advise others on human resources topics.

Work Interests

  • Conventional

    Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.

  • Enterprising

    Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

  • Investigative

    Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.

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Job Outlook

Projected salary and job growth

$46050.0 - $127340.0

This career will grow rapidly in the next few years.

Assessment

Related assessments and tests

No assessment available.