Compensation & Benefits Specialist

Explore This Path

Compensation & Benefits Specialist

Shape employee satisfaction by designing competitive compensation and benefits packages.
Ensure fair pay and compliance, impacting company culture and legal standing.
Dive into the dynamic world of job analysis and classification for diverse roles.

💰 Earn $65K-$108K

📚 Bachelor Degree

⏱️ 24–48 MONTH TRAINING

📈 7% JOB GROWTH

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What You’ll Do

Conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.

Evaluate job positions, determining classification, exempt or non-exempt status, and salary.
Ensure company compliance with federal and state laws, including reporting requirements.
Prepare occupational classifications, job descriptions, and salary scales.
Provide advice on the resolution of classification and salary complaints.
Research job and worker requirements, structural and functional relationships among jobs and occupations, and occupational trends.

Scoop

Minimum Education

Bachelor Degree

Career Prospects

Excellent (Increasing by 5% or more)

Training Time

2 to 4 years

Job Openings

8,200 Annually

Median Earnings

$82,870 in California

$74,530 Nationally

$25K

$50K

$75K

$100K

$125K

$150K

$175K

$200K

$225K

$250K

Real Talk Reel

Want to see what it's like to be a Compensation & Benefits Specialist? We've curated a playlist for you to get a glimpse into a day in the life.

@withkirsten

Best For You If...

YOU Like 💕

Influencing or leading others
Using data or completing tasks

You are skilled in 💫

Active Learning
Active Listening
Complex Problem Solving
Critical Thinking
Judgment and Decision Making
Reading Comprehension

You value 🙏

Accomplishing things
Having support
Personal relationships

Deep Dive

Compensation & Benefits Specialist

Explore career pathways, key skills, and what each role has to offer.

Pathways to this Career

Learn about the education and training paths that can lead to this career — and what to expect from each one.

Associate's Degree

An associate's degree typically provides graduates with foundational knowledge and skills for entry-level jobs in the graduate's industry, or serves as a stepping stone towards further education.

🎓 College

⏱️ FINISH IN 2-3 years

Bachelor's Degree

A bachelor's degree typically results in increased knowledge about a variety of academic subjects, specialized knowledge in a focused field of study, and is considered the foundational qualification for many careers.

🎓 College

⏱️ FINISH IN 4-5+ years

Hybrid College

A hybrid college combines online learning with the student support typically offered on college campuses, giving students flexibility and accessibility while still providing a comprehensive educational experience.

🎓 College

⏱️ FINISH IN 2-5 years

Vocational School

A vocational school typically equips students with specialized skills and practical training in specific trades or occupations, enhancing their employability and providing direct pathways to relevant careers.

🎓 Skills-Focused

⏱️ FINISH IN 6 months - 2 years

Find Training Near You

Find local programs, apprenticeships, or degrees to start your path.

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Learn More About The Industry

Business & Finance

The primary activities of this group involve managing financial operations, analyzing data, and making decisions that impact the financial health of an organization or corporation.