Compensation, Benefits, or Job Analysis Specialist Salary
Job Analysis Specialists in the United States can expect to earn an average of $54K annually. Among folks in this role, job satisfaction levels approximately match the national average. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Men are in the minority of survey respondents, with female Job Analysis Specialists making up 71 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
Job Description for Compensation, Benefits, or Job Analysis Specialist
A compensation, benefits or job analysis specialist oversees their organization's benefits and compensation programs. They must ensure that their company's package(s) are competitive within its industry, as well as cost effective and able to meet employees' needs. Additionally, these specialists evaluate positions to ensure that salary levels are appropriate, that exempt or non-exempt status is applied correctly, and that job descriptions and classifications are accurate. If a position is new within the company, the specialist must collaborate with relevant managers within the company to define the position and determine appropriate compensation.Read More...
Other tasks performed by compensation, benefits or job analysis specialists include analyzing compensation and benefits trends within their company and industry, ensuring their company follows all relevant state and federal laws, and preparing reports for managers within their company on compensation, benefits and job analysis. The benefits programs overseen by these specialists may include insurance policies, retirement plans, leave policies and any company wellness programs. These specialists generally work full time in an office setting, although hours and location may vary depending on the employer's needs.
A bachelor's degree in human resources, business administration or another relevant field is generally the minimum educational requirement for compensation, benefits or job analysis specialist positions. Previous experience in a related role is typically required or preferred as well.
Compensation, Benefits, or Job Analysis Specialist Tasks
- Examine and evaluate employee compensation and benefit programs.
- Participate in salary surveys, and analyze data from survey sources to determine competitiveness both internally and externally.
- Assist in researching and developing policies regarding health insurance, retirement, pension plans and paid time off.
- Price new jobs utilizing salary surveys or slotting.
- Write job descriptions and maintain database of all job descriptions.
Analyst, Compensation & Benefits Job Listings
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Popular Skills for Compensation, Benefits, or Job Analysis Specialist
Survey takers who work as Job Analysis Specialists report a focused set of job skills. Most notably, skills in Benefits & Compensation, Microsoft Office, Microsoft Excel, and Microsoft Word are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Word. Those proficient in Microsoft Excel are, more often than not, also skilled in Microsoft Word.
Pay by Experience Level for Compensation, Benefits, or Job Analysis Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience make $47K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $61K. The average pay reported by folks with 10 to 20 years of experience is around $63K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $47K.