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Compensation And Benefits Analyst skills for your resume and career

Updated January 8, 2025
4 min read
Below we've compiled a list of the most critical compensation and benefits analyst skills. We ranked the top skills for compensation and benefits analysts based on the percentage of resumes they appeared on. For example, 11.5% of compensation and benefits analyst resumes contained hris as a skill. Continue reading to find out what skills a compensation and benefits analyst needs to be successful in the workplace.

15 compensation and benefits analyst skills for your resume and career

1. HRIS

Here's how compensation and benefits analysts use hris:
  • Partnered with HRIS in development of the Success Factors Automated Performance Management/Compensation/Talent Management system to deliver reward programs to the business.
  • Designed, developed and converted internal administrative benefits systems, including team review and recommendation of new corporate wide HRIS system.

2. Human Resources

Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.

Here's how compensation and benefits analysts use human resources:
  • Provided consulting and administrative assistance to internal clients in all general areas of human resources.
  • Prepared separation letters for Human Resources summarizing employees' compensation and benefits coverage.

3. Compensation Programs

Compensation programs are the complete packages that detail an organization's employees' salaries, wages, benefits, and terms of payments. Compensation plans may also detail increases for years of service and scheduled raises.

Here's how compensation and benefits analysts use compensation programs:
  • Performed analyses and assist in developing compensation program guidelines and policies, preparing and managing compensation projects and developing manager tools.
  • Supported the administration of the direct compensation programs including the processing, recording, and reporting of compensation-related actions.

4. Open Enrollment

Open enrollment means a duration that comes every year that a person can sign up for health insurance or change the plan that a person has, for instance, if a person needs to deregister. The activity always features in a few weeks or months within a year. It allows workers to alter their benefit plans, including vision, dental, health insurance, life insurance, and disability.

Here's how compensation and benefits analysts use open enrollment:
  • Created employee benefits guidebook and open enrollment materials improving benefit communications.
  • Managed executive Supplemental Savings Plan open enrollment and ongoing distributions.

5. Data Analysis

Here's how compensation and benefits analysts use data analysis:
  • Participated in salary surveys, data analysis and integrity audits.
  • Provided data analysis assistance to various project teams.

6. FLSA

Here's how compensation and benefits analysts use flsa:
  • Conducted internal and external analysis for various positions to determine appropriate salary ranges and FLSA statuses.
  • Determined and audited FLSA status; calculated cost impact for FLSA status change from Exempt to Non-Exempt.

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7. HIPAA

Here's how compensation and benefits analysts use hipaa:
  • Demonstrated knowledge of HIPAA Privacy and Security Regulations by appropriately handling employee information.
  • Handle confidential information with sensitivity and discretion according to HIPAA.

8. Cobra

COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) is a federal law that allows employers of 20 or more employees who provide health care benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits due to termination of employment, reduction in hours or certain other events. It is a temporary coverage that provides cash for medical expenses up to 18 months. The policy is helpful for retirees, former employees, former spouses, dependent children and spouses, workers laid off, on strike, fired for work, etc.

Here's how compensation and benefits analysts use cobra:
  • Monitored the administration of the Flexible Spending Program, Charitable Contribution Program, and COBRA.
  • Administered all company medical, dental, life, AD&D and COBRA benefits.

9. Market Data

Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.

Here's how compensation and benefits analysts use market data:
  • Analyzed market data using statistical procedures such multiple regression, path, cluster and reliability analysis.
  • Evaluate market data and make recommendations for appropriate compensation/position classification, including completing compression analyses.

10. FMLA

Here's how compensation and benefits analysts use fmla:
  • Directed large-scale outsourcing of FMLA and short-term disability benefits across 35 corporate locations, managing negotiations with 2 separate unions.
  • Answered employee inquires regarding medical and dental benefits, flexible spending accounts, FMLA, and 403 Retirement plans.

11. Benefit Programs

Here's how compensation and benefits analysts use benefit programs:
  • Research and propose new benefit programs by auditing vendors, preparing and facilitating benefits presentations, and implementing new benefit programs.
  • Attracted and retained domestic and international employees by researching, recommending and explaining benefit programs.

12. Data Integrity

Data integrity denotes the consistency or accuracy validation of data in the whole lifecycle of data. It ensures the security of traceability and search-ability of all data in a person's device to the source.

Here's how compensation and benefits analysts use data integrity:
  • Managed relationships with external companies on ensuring data integrity in the compensation system.
  • Maintained salary, job code, employee, and benefit tables in PeopleSoft to ensure data integrity.

13. Analytical Support

Analytical support consists of categories that include logical reasoning, critical thinking, communication, research, data analysis, and creativity to break down information or something into parts or smaller categories to enhance understanding in order to draw conclusions.

Here's how compensation and benefits analysts use analytical support:
  • Provided analytical support, and compensation consultation to business leaders and to the HR leadership team.
  • Directed reporting and analytical support to compensation team by gathering external and internal data for job evaluation and equity reviews.

14. Compensation Surveys

Here's how compensation and benefits analysts use compensation surveys:
  • Ensured salary ranges were externally competitive by conducting compensation surveys and maintained internal equity.
  • Participate in compensation surveys and manage survey vendor relationships.

15. Benefits Administration

Here's how compensation and benefits analysts use benefits administration:
  • Maintained department Access databases and critical information for compensation & benefits administration.
  • Collaborate with benefits broker on various components of benefits administration.
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List of compensation and benefits analyst skills to add to your resume

Compensation And Benefits Analyst Skills

The most important skills for a compensation and benefits analyst resume and required skills for a compensation and benefits analyst to have include:

  • HRIS
  • Human Resources
  • Compensation Programs
  • Open Enrollment
  • Data Analysis
  • FLSA
  • HIPAA
  • Cobra
  • Market Data
  • FMLA
  • Benefit Programs
  • Data Integrity
  • Analytical Support
  • Compensation Surveys
  • Benefits Administration
  • Wellness Programs
  • Payroll System
  • Calculation
  • Market Analysis
  • State Laws
  • Compensation Policies
  • Process Improvement
  • Performance Management
  • Salary Administration
  • HSA
  • Plan Design
  • Executive Compensation
  • ADP
  • Benefit Surveys
  • Salary Survey Data
  • Incentive Programs
  • Accruals
  • Salary Structure
  • PeopleSoft
  • Compensation Issues
  • Discrimination Testing
  • Market Trends
  • Leave Management
  • Internal Equity
  • Compensation Practices
  • Compensation Structure
  • Life Insurance
  • Ad-Hoc Reports
  • IRS
  • Pay Structure
  • Billing Reconciliation
  • Plan Provisions
  • FSA
  • Cobra Administration
  • Survey Results

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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