Compensation, Benefits, and Job Analysis Specialists

What Compensation, Benefits, and Job Analysis Specialists Do

Compensation, benefits, and job analysis specialists conduct an organization’s compensation and benefits programs.

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Work Environment

Compensation, benefits, and job analysis specialists work in nearly every industry. They typically work in offices, and most work full time during regular business hours.

How to Become a Compensation, Benefits, and Job Analysis Specialist

Compensation, benefits, and job analysis specialists need a combination of a bachelor’s degree and related work experience.

Pay

The median annual wage for compensation, benefits, and job analysis specialists was $64,560 in May 2019.

Job Outlook

Employment of compensation, benefits, and job analysis specialists is projected to grow 8 percent from 2019 to 2029, much faster than the average for all occupations. Job prospects should be best for candidates with a bachelor’s degree, work experience performing compensation analysis or benefits administration, and related human resources work.

Compensation, benefits, and job analysis specialists conduct an organization’s compensation and benefits programs. They also evaluate position descriptions to determine details such as classification and salary.

Duties

Compensation, benefits, and job analysis specialists typically do the following:

  • Research compensation and benefits policies and plans
  • Use data and cost analyses to compare compensation and benefits plans
  • Evaluate position descriptions to determine classification and salary
  • Ensure that the company complies with federal and state laws
  • Design and prepare reports summarizing research and analysis
  • Present recommendations to other human resources managers

Some specialists perform tasks within all areas of compensation, benefits, and job analysis. Others specialize in a specific area.

Compensation specialists assess the organization’s pay structure. They research compensation trends and review surveys to determine how their organization’s pay compares with that of other organizations in a particular industry and region. They often perform complex data or cost analyses to evaluate compensation policies. They also ensure that the organization’s pay practices comply with federal and state laws and regulations, such as workers’ compensation, minimum wage, overtime, and equal pay laws.

Benefits specialists administer the organization’s benefits programs, which include retirement plans, leave policies, wellness programs, and insurance policies, such as health, life, and disability insurance. They research and analyze benefits plans, policies, and programs, and make recommendations based on their analysis. They frequently monitor government regulations, legislation, and benefits trends to ensure that their programs are current, legal, and competitive. They also work closely with insurance brokers and benefits carriers and manage the enrollment, renewal, and delivery of benefits to the organization’s employees.

Job analysis specialists, also known as position classifiers, evaluate positions by writing or assigning job descriptions, determining position classifications, and preparing salary scales. When an organization introduces a new job or reviews existing jobs, specialists must research and make recommendations to managers on the status, description, classification, and salary of those jobs.

Compensation, benefits, and job analysis specialists held about 94,400 jobs in 2019. The largest employers of compensation, benefits, and job analysis specialists were as follows:

Professional, scientific, and technical services 17%
Insurance carriers and related activities 15
Management of companies and enterprises 12
Local government, excluding education and hospitals 8
Healthcare and social assistance 7

Compensation, benefits, and job analysis specialists work in nearly every industry.

They typically work in offices.

Work Schedules

Nearly all compensation, benefits, and job analysis specialists work full time during regular business hours.

This table shows a list of occupations with job duties that are similar to those of compensation, benefits, and job analysis specialists.

Occupation Job Duties Entry-Level Education Median Annual Pay, May 2019

Purchasing Managers, Buyers, and Purchasing Agents

Buyers and purchasing agents buy products and services for organizations. Purchasing managers oversee the work of buyers and purchasing agents.

Bachelor’s degree $69,600

Compensation and Benefits Managers

Compensation and benefits managers plan, develop, and oversee programs to pay employees.

Bachelor’s degree $122,270

Human Resources Managers

Human resources managers plan, coordinate, and direct the administrative functions of an organization.

Bachelor’s degree $116,720

Human Resources Specialists

Human resources specialists recruit, screen, interview, and place workers. They also handle employee relations, compensation and benefits, and training.

Bachelor’s degree $61,920

Insurance Sales Agents

Insurance sales agents contact potential customers and sell one or more types of insurance.

High school diploma or equivalent $50,940

Training and Development Managers

Training and development managers plan, coordinate, and direct skills- and knowledge-enhancement programs for an organization’s staff.

Bachelor’s degree $113,350

Training and Development Specialists

Training and development specialists plan and administer programs that improve the skills and knowledge of their employees.

Bachelor’s degree $61,210

Labor Relations Specialists

Labor relations specialists interpret and administer labor contracts.

Bachelor’s degree $69,020

For more information about compensation, benefits, and job analysis specialists, including certification, visit

International Foundation of Employee Benefit Plans

WorldatWork

For information about human resources careers, visit

Society for Human Resource Management

For more information about human resources certifications, visit

HR Certification Institute

O*NET

Compensation, Benefits, and Job Analysis Specialists


Suggested citation:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Compensation, Benefits, and Job Analysis Specialists,
at https://www.bls.gov/ooh/business-and-financial/compensation-benefits-and-job-analysis-specialists.htm (visited ).