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How do I become a compensation and benefits analyst?

By Zippia Team - Feb. 10, 2022

To become a compensation and benefits analyst, you need a bachelor's degree in human resources, business administration, or a related field. This position aims to research benefits packages to attract the best candidates while efficiently managing the company's budget.

This position develops competitive salary and benefits packages and tracks comparable data across the same industry. This job involves working with large data sets and understanding legal perspectives on wages, pay, and equity benefits.

During college, you can get an internship in human resources to gain early entry into the field. Most job openings for compensation analysts are looking for work experience in human resources. This may require working up from an entry-level position.

Analysts research the changing demands of the workforce, policy changes, and industry trends.

Areas to analyze include:

  • Healthcare plans

  • Disability insurance

  • Retirement

  • Profit-sharing

  • Extras such as gym membership, personal days off, pet insurance, etc.

How do I become a compensation and benefits analyst?

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