Find The Best Compensation And Benefits Analyst Jobs For You

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Average Salary
$63,108
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
8,862
Job Openings

Compensation And Benefits Analyst Careers

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.

There is more than meets the eye when it comes to being a compensation and benefits analyst. For example, did you know that they make an average of $30.34 an hour? That's $63,108 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 5,300 job opportunities across the U.S.

What Does a Compensation And Benefits Analyst Do

There are certain skills that many compensation and benefits analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, business skills and communication skills.

When it comes to the most important skills required to be a compensation and benefits analyst, we found that a lot of resumes listed 12.0% of compensation and benefits analysts included compensation programs, while 8.8% of resumes included hris, and 8.4% of resumes included human resources. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the compensation and benefits analyst job title. But what industry to start with? Most compensation and benefits analysts actually find jobs in the health care and manufacturing industries.

How To Become a Compensation And Benefits Analyst

If you're interested in becoming a compensation and benefits analyst, one of the first things to consider is how much education you need. We've determined that 67.1% of compensation and benefits analysts have a bachelor's degree. In terms of higher education levels, we found that 18.3% of compensation and benefits analysts have master's degrees. Even though most compensation and benefits analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a compensation and benefits analyst. When we researched the most common majors for a compensation and benefits analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on compensation and benefits analyst resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a compensation and benefits analyst. In fact, many compensation and benefits analyst jobs require experience in a role such as human resources coordinator. Meanwhile, many compensation and benefits analysts also have previous career experience in roles such as benefit specialist or human resources generalist.

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Average Salary
$63,108
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
8,862
Job Openings

Compensation And Benefits Analyst Career Paths

Top Careers Before Compensation And Benefits Analyst

Top Careers After Compensation And Benefits Analyst

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Compensation And Benefits Analyst

Compensation And Benefits Analysts in America make an average salary of $63,108 per year or $30 per hour. The top 10 percent makes over $85,000 per year, while the bottom 10 percent under $46,000 per year.
Average Salary
$63,108

Best Paying Cities

City
ascdesc
Average Salarydesc
Los Altos, CA
Salary Range70k - 109k$88k$88,209
Providence, RI
Salary Range68k - 98k$82k$81,738
New York, NY
Salary Range65k - 97k$80k$79,597
Teaneck, NJ
Salary Range61k - 92k$76k$75,512
Catonsville, MD
Salary Range57k - 85k$70k$70,254
Houston, TX
Salary Range56k - 82k$68k$68,180
$39k
$109k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Compensation and Benefit Analyst II
Compensation and Benefit Analyst II
Randstad
Randstad
12/28/2020
12/28/2020
$50,00512/28/2020
$50,005
Remote Compensation and Benefits Analyst
Remote Compensation and Benefits Analyst
Randstad
Randstad
09/24/2020
09/24/2020
$62,61009/24/2020
$62,610
Compensation and Benefits Analyst
Compensation and Benefits Analyst
Goodwin Recruiting
Goodwin Recruiting
12/06/2019
12/06/2019
$100,00012/06/2019
$100,000
Compensation and Benefits Analyst
Compensation and Benefits Analyst
Robert Half
Robert Half
12/03/2019
12/03/2019
$80,00012/03/2019
$80,000
Compensation and Benefits Analyst
Compensation and Benefits Analyst
Randstad
Randstad
11/09/2019
11/09/2019
$58,43611/09/2019
$58,436
See More Recent Salaries

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Compensation And Benefits Analyst Demographics

Gender

female

70.1 %

male

25.9 %

unknown

4.1 %

Ethnicity

White

64.9 %

Hispanic or Latino

15.7 %

Black or African American

9.2 %

Foreign Languages Spoken

Spanish

53.8 %

Portuguese

15.4 %

Mandarin

7.7 %
See More Demographics

Compensation And Benefits Analyst Education

Majors

Business
33.9 %

Degrees

Bachelors

67.1 %

Masters

18.3 %

Associate

7.3 %

Top Colleges for Compensation And Benefits Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. SUNY College at Oswego

Oswego, NY • Public

In-State Tuition
$8,440
Enrollment
7,039

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

8. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

9. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

10. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018
See More Education Info
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Top Skills For a Compensation And Benefits Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.0% of compensation and benefits analysts listed compensation programs on their resume, but soft skills such as analytical skills and business skills are important as well.

Best States For a Compensation And Benefits Analyst

Some places are better than others when it comes to starting a career as a compensation and benefits analyst. The best states for people in this position are Rhode Island, New Hampshire, New York, and Nevada. Compensation and benefits analysts make the most in Rhode Island with an average salary of $81,801. Whereas in New Hampshire and New York, they would average $80,547 and $79,319, respectively. While compensation and benefits analysts would only make an average of $78,977 in Nevada, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Compensation And Benefits Analyst Jobs:
493
Highest 10% Earn:
$115,000
Location Quotient:
1.33
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Rhode Island

Total Compensation And Benefits Analyst Jobs:
29
Highest 10% Earn:
$115,000
Location Quotient:
0.83
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Compensation And Benefits Analyst Jobs:
291
Highest 10% Earn:
$109,000
Location Quotient:
1.1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Compensation And Benefits Analyst Employers

1. ON Semiconductor
4.6
Avg. Salary: 
$87,208
Compensation And Benefits Analysts Hired: 
7+
2. Randstad USA
4.1
Avg. Salary: 
$66,284
Compensation And Benefits Analysts Hired: 
7+
3. Citi
4.8
Avg. Salary: 
$74,690
Compensation And Benefits Analysts Hired: 
5+
4. National Jewish Health
4.0
Avg. Salary: 
$73,678
Compensation And Benefits Analysts Hired: 
5+
5. Cummins
4.7
Avg. Salary: 
$64,978
Compensation And Benefits Analysts Hired: 
5+
6. Robert Half International
4.5
Avg. Salary: 
$65,358
Compensation And Benefits Analysts Hired: 
4+

Compensation And Benefits Analyst Videos

Updated October 2, 2020