0 selections
0 selections

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 $27.7 an hour? That's $57,621 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.

Learn more about what a Compensation And Benefits Analyst does

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 69.8% of compensation and benefits analysts have a bachelor's degree. In terms of higher education levels, we found that 19.2% 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.

Compensation And Benefits Analyst Career Paths

Average Salary for a Compensation And Benefits Analyst

Compensation And Benefits Analysts in America make an average salary of $57,621 per year or $28 per hour. The top 10 percent makes over $87,000 per year, while the bottom 10 percent under $38,000 per year.
Average Compensation And Benefits Analyst Salary
$57,621 Yearly
$27.70 hourly
$38,000
10 %
$57,000
Median
$87,000
90 %

What Am I Worth?

0 selections
0 selections
salary-calculator

Compensation And Benefits Analyst Education

Compensation And Benefits Analyst Majors

34.5 %

Compensation And Benefits Analyst Degrees

Bachelors

69.8 %

Masters

19.2 %

Associate

8.1 %

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 • Private

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 • Private

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 • Private

In-State Tuition
$7,488
Enrollment
30,018

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.

Choose From 10+ Customizable Compensation And Benefits Analyst Resume templates

Zippia allows you to choose from different easy-to-use Compensation And Benefits Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Compensation And Benefits Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume
Compensation And Benefits Analyst Resume

Compensation And Benefits Analyst Demographics

Compensation And Benefits Analyst Gender Distribution

Female
Female
75%
Male
Male
25%

After extensive research and analysis, Zippia's data science team found that:

  • Among compensation and benefits analysts, 74.7% of them are women, while 25.3% are men.

  • The most common race/ethnicity among compensation and benefits analysts is White, which makes up 64.6% of all compensation and benefits analysts.

  • The most common foreign language among compensation and benefits analysts is Spanish at 53.8%.

Online Courses For Compensation And Benefits Analyst That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Managing Employee Compensation
coursera

Whether you're writing paychecks or wondering where yours comes from, this course is for you! We begin by asking: "To succeed, what kind of a person does your organization need to attract, retain, and motivate?" From there, we'll explain how to align your organization's objectives, its pay philosophy, and ultimately the way it designs and implements its salary structure, short-term incentives, long-term incentives, and benefits. Interested in learning more about the technical aspects of compensa...

Accounting Analysis II: Accounting for Liabilities and Equity
coursera

This course is the fourth course in a five-course Financial Reporting Specialization. This course focuses on the recognition, measurement and subsequent accounting for equity, pensions, share-based compensation and cash flows utilizing the FASB Accounting Standards Codification and other resources...

Certification Course in Human Resource Management
udemy
4.1
(697)

Curriculum commensurate to Top B Schools Management Program: with downloadable resources, quiz, assessments & exercise...

Show More Compensation And Benefits Analyst Courses
Job type you want
Full Time
Part Time
Internship
Temporary

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 Washington, Oregon, New York, and New Jersey. Compensation and benefits analysts make the most in Washington with an average salary of $81,194. Whereas in Oregon and New York, they would average $81,145 and $80,150, respectively. While compensation and benefits analysts would only make an average of $79,115 in New Jersey, 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:
$123,000
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. District of Columbia

Total Compensation And Benefits Analyst Jobs:
138
Highest 10% Earn:
$123,000
Location Quotient:
2.84 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. Washington

Total Compensation And Benefits Analyst Jobs:
191
Highest 10% Earn:
$113,000
Location Quotient:
0.9 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
Full List Of Best States For Compensation And Benefits Analysts

How Do Compensation And Benefits Analyst Rate Their Jobs?

Working as a Compensation And Benefits Analyst? Share your experience anonymously.
Do you work as a Compensation And Benefits Analyst?
Rate how you like work as Compensation And Benefits Analyst. It's anonymous and will only take a minute.

Top Compensation And Benefits Analyst Employers

Most Common Employers For Compensation And Benefits Analyst

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Dell$96,995$46.632
2Honeywell$82,867$39.843
3Citi$81,328$39.106
4Ross Stores$80,584$38.742
5General Electric$77,234$37.132
6Johnson Controls$76,803$36.922
7PepsiCo$76,098$36.594
8ON Semiconductor$75,906$36.497
9Quest Software$67,946$32.672
10Robert Half$67,028$32.235

Compensation And Benefits Analyst Videos