What Do Compensation, Benefits, and Job Analysis Specialists Do?
Compensation, Benefits, and Job Analysis Specialists handle various human resources responsibilities and are tasked with ensuring that a company is in compliance with federal and state laws, which include reporting requirements. They evaluate job positions, determining classification, such as whether it is exempt or non-exempt status, and salary. The specialists also prepare the occupational classifications, job descriptions, and salary scales. These employees oversee the planning, development, and evaluation of methods used to select, promote, compensate, and train workers. Managers and employees are also advised by the specialists on federal and state employment regulations, benefit and compensation policies, collective agreements, personnel procedures, and classification programs. Specialists have many duties from administering insurance and savings plans to maintaining employee records and handbooks.There is expected to be an annual 6% growth rate for these positions around the country between 2012 and 2022. This results in about 2,200 job openings every year.
Compensation, Benefits, and Job Analysis Specialists Skills and Abilities
People in compensation, benefits, and job analysis work should have command in the English language and excellent reading, writing and speaking skills. Because they work with others so often, they need to have good active listening, critical thinking, and problem solving skills so that they understand what people are saying and can uses logic to evaluate and solve issues. Specialists should also be able to judge when something might become a problem and act accordingly.
Compensation, Benefits, and Job Analysis Specialists Duties
Compensation, benefits, and job analysis specialists are responsible for advising others on human resources topics and analyzing financial or business data. They should be good at collecting information and being able to study the information and data, then inform others of their findings. They should be comfortable communicating with people, from managers and supervisors to peers and subordinates, whether it’s by phone, email, or in person. They also need to be computer-literate, having no problem with using computers and computer systems to use software, enter data, or process information. Finally, they should be able to study information and make a determination on whether it is compliant with standards, regulations, or laws.
Compensation, Benefits, and Job Analysis Specialists Tools and Technology
People in this work should be able to use personal computers, a calculator, electronic storage devices, copy machines, and fax machines. They should also be familiar with various software systems related to enterprise resource planning, human resources, and time accounting. Specialists should be able to query databases and work with document management software.
Education and Training for Compensation, Benefits, and Job Analysis Specialists
Most people in compensation, benefits, and job analysis work have at least a Bachelor’s degree. There is usually no work experience or on-the-job training for an entry-level position. Most employees should have prior coursework in human resources management, personnel administration, business or financial operations.
Compensation, Benefits, and Job Analysis Specialists Salary
Pay varies, depending upon experience level. The lowest 10% make around $38,500 per year while the median annual salary is $60,600. The top 10% of those in compensation, benefits, and job analysis occupations earn around $96,400 each year.
Compensation, Benefits, and Job Analysis Specialists Jobs by Geography
Colorado, Texas, and Arizona have the highest concentration of compensation, benefits, and job analysis workers, by population. However, the states that have the highest median wages for these occupations are District of Columbia, New Jersey, and Alaska. Local governments, state governments, and management, scientific, and technical consulting services have the highest demand for these types of jobs. Examine these factors to determine where you should begin your career as a compensation, benefits, and job analysis worker.