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What is a compensation and benefits analyst and how to become one
Who are the most valuable employees, are they getting paid properly, and would it be easy for another company to hire them away by offering a better salary? A good employer has to ask themself these questions. Luckily, a compensation and benefits analyst can help provide answers about fair salaries and benefits.
A compensation and benefits analyst helps an organization develop a consistent pay and benefits standard by comparing benefits packages among employees within the company and at other organizations in the same industry. This means that a compensation and benefits analyst works with data--lots of it. They also need to know a lot about labor laws so the organization doesn't get in trouble for offering substandard benefits.
Most compensation and benefits analysts have bachelor's degrees in a field related to business. This is an entry-level position, but a hardworking compensation and benefits analyst can work their way up to the position of senior compensation analyst or human resources manager.
Avg. Salary $73,143
Avg. Salary $59,228
Growth rate 7%
Growth rate 0.3%
American Indian and Alaska Native 0.50%
Asian 7.69%
Black or African American 10.56%
Hispanic or Latino 14.88%
Unknown 3.94%
White 62.44%
Genderfemale 74.73%
male 25.27%
Age - 45American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 45Stress level is manageable
7.1 - high
Complexity level is challenging
7 - challenging
Work life balance is fair
6.4 - fair
Compensation and benefits analyst career paths
Key steps to become a compensation and benefits analyst
Explore compensation and benefits analyst education requirements
Start to develop specific compensation and benefits analyst skills
Skills Percentages HRIS 11.47% Human Resources 11.05% Compensation Programs 7.78% Open Enrollment 4.83% Data Analysis 4.30% Complete relevant compensation and benefits analyst training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New compensation and benefits analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a compensation and benefits analyst based on U.S. Bureau of Labor Statistics data and data from real compensation and benefits analyst resumes.Research compensation and benefits analyst duties and responsibilities
- Lead project to insource FMLA process from external vendor generating administration cost savings.
- Manage employee payroll and input data into ADP system; handle billing, create invoices and bank reconciliations.
- Create and manage communication materials via PowerPoint publish to sales organization.
- Maintain and update employee records and organizational data in HRIS to ensure accuracy and data integrity.
Prepare your compensation and benefits analyst resume
When your background is strong enough, you can start writing your compensation and benefits analyst resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a compensation and benefits analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable compensation and benefits analyst resume templates
Build a professional compensation and benefits analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your compensation and benefits analyst resume.
Apply for compensation and benefits analyst jobs
Now it's time to start searching for a compensation and benefits analyst job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first compensation and benefits analyst job
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Average compensation and benefits analyst salary
The average compensation and benefits analyst salary in the United States is $73,143 per year or $35 per hour. Compensation and benefits analyst salaries range between $47,000 and $111,000 per year.
What am I worth?
How do compensation and benefits analysts rate their job?
Compensation and benefits analyst reviews
I work with all lines of business, from job evaluation to job market analysis to promotion pay recommendation. I mostly work with internal employees and managers who want assistance understanding our pay practices. Must love Excel!
Lack of technology tools in the market to manage large data related to managing job descriptions, job codes, headcount, etc.
Updated January 8, 2025
