Post job

What does a compensation and benefits analyst do?

Updated January 8, 2025
7 min read

Compensation and benefits analysts are professionals who are responsible for evaluating existing and proposed jobs while classifying them according to their responsibility and importance to the employer. These analysts are required to develop salary structures and benefits plans for employees that must remain consistent throughout the entire organization. They must be familiar with labor laws and regulations and ensure that the organization provides incentives for hard work and long-term commitment. Compensation and benefits analysts must also have a deep understanding of how their organization functions.

On this page

Compensation and benefits analyst responsibilities

Here are examples of responsibilities from real compensation and benefits analyst resumes:

  • 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.
  • Coordinate with third party leave administrator to administer and track FMLA leaves of absences and disability payments.
  • Input payroll information for all salary increases, insurance deductions, new hire and termination information to ADP payroll.
  • Design, develop and convert internal administrative benefits systems, including team review and recommendation of new corporate wide HRIS system.
  • Create and maintain all DOL, time-off balance, headcount and turnover reporting.
  • Act as corporate liaison with third party COBRA/HIPAA, FSA and 401 (k) administrators.
  • Establish incentive formula that appropriately leverage payouts in response to salary cap provision for retail branch employees.

Compensation and benefits analyst skills and personality traits

We calculated that 11% of Compensation And Benefits Analysts are proficient in HRIS, Human Resources, and Compensation Programs. They’re also known for soft skills such as Analytical skills, Business skills, and Communication skills.

We break down the percentage of Compensation And Benefits Analysts that have these skills listed on their resume here:

  • HRIS, 11%

    Partnered with HRIS in development of the Success Factors Automated Performance Management/Compensation/Talent Management system to deliver reward programs to the business.

  • Human Resources, 11%

    Provided consulting and administrative assistance to internal clients in all general areas of human resources.

  • Compensation Programs, 8%

    Performed analyses and assist in developing compensation program guidelines and policies, preparing and managing compensation projects and developing manager tools.

  • Open Enrollment, 5%

    Created employee benefits guidebook and open enrollment materials improving benefit communications.

  • Data Analysis, 4%

    Participated in salary surveys, data analysis and integrity audits.

  • FLSA, 4%

    Conducted internal and external analysis for various positions to determine appropriate salary ranges and FLSA statuses.

"hris," "human resources," and "compensation programs" are among the most common skills that compensation and benefits analysts use at work. You can find even more compensation and benefits analyst responsibilities below, including:

Analytical skills. To carry out their duties, the most important skill for a compensation and benefits analyst to have is analytical skills. Their role and responsibilities require that "compensation, benefits, and job analysis specialists perform data and cost analyses to evaluate their organization’s policies." Compensation and benefits analysts often use analytical skills in their day-to-day job, as shown by this real resume: "analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan. "

Business skills. Another soft skill that's essential for fulfilling compensation and benefits analyst duties is business skills. The role rewards competence in this skill because "specialists must understand basic finance and accounting." According to a compensation and benefits analyst resume, here's how compensation and benefits analysts can utilize business skills in their job responsibilities: "prepared, analyzed and researched market data/trends and prepared summary of data to business leaders. "

Communication skills. compensation and benefits analysts are also known for communication skills, which are critical to their duties. You can see how this skill relates to compensation and benefits analyst responsibilities, because "specialists need to provide information about compensation and benefits in a way that is understandable to employees at all levels throughout their organization." A compensation and benefits analyst resume example shows how communication skills is used in the workplace: "manage annual open enrollment process; develop communication materials; audit enrollments to ensure accuracy. "

See the full list of compensation and benefits analyst skills

Choose from 10+ customizable compensation and benefits analyst resume templates

Build a professional compensation and benefits analyst resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your 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 Resume

Compare different compensation and benefits analysts

Compensation and benefits analyst vs. Human resources supervisor

A human resources supervisor is an individual responsible for developing and administering human resources programs so that the company can achieve efficient operations. Human resources supervisors coordinate all stages of the hiring process, such as checking all candidates' backgrounds, conducting interviews, and drug screening. They address conflicts among employees, investigate employee problems, and work with management to administer employee discipline or corrective action. The human resources supervisor also develops training and development programs for their salaried employees.

If we compare the average compensation and benefits analyst annual salary with that of a human resources supervisor, we find that human resources supervisors typically earn a $8,386 lower salary than compensation and benefits analysts make annually.While the two careers have a salary gap, they share some of the same responsibilities. Employees in both compensation and benefits analyst and human resources supervisor positions are skilled in hris, open enrollment, and flsa.

There are some key differences in the responsibilities of each position. For example, compensation and benefits analyst responsibilities require skills like "human resources," "compensation programs," "data analysis," and "market data." Meanwhile a typical human resources supervisor has skills in areas such as "customer service," "payroll processing," "personnel actions," and "iso." This difference in skills reveals the differences in what each career does.

Human resources supervisors really shine in the manufacturing industry with an average salary of $69,170. Comparatively, compensation and benefits analysts tend to make the most money in the finance industry with an average salary of $78,993.human resources supervisors tend to reach lower levels of education than compensation and benefits analysts. In fact, human resources supervisors are 6.2% less likely to graduate with a Master's Degree and 0.6% more likely to have a Doctoral Degree.

Compensation and benefits analyst vs. Senior human resources specialist

A senior human resources specialist is responsible for monitoring the human resources operations of an organization, managing employment processes and policies, and handling staffing needs and concerns. Senior human resources specialists design training and programs to maintain staff's efficiency and maximize the employees' productivity to support business functional operations. They also coordinate with management leaders to identify their hiring needs, evaluating their specifications for recruitment. A senior human resources specialist reviews the company's policies and guidelines regularly, adjusting procedures according to state regulations and business requirements.

A career as a senior human resources specialist brings a lower average salary when compared to the average annual salary of a compensation and benefits analyst. In fact, senior human resources specialists salary is $9,187 lower than the salary of compensation and benefits analysts per year.A few skills overlap for compensation and benefits analysts and senior human resources specialists. Resumes from both professions show that the duties of each career rely on skills like "hris," "open enrollment," and "data analysis. "

In addition to the difference in salary, there are some other key differences worth noting. For example, compensation and benefits analyst responsibilities are more likely to require skills like "human resources," "compensation programs," "hipaa," and "market data." Meanwhile, a senior human resources specialist has duties that require skills in areas such as "payroll," "customer service," "powerpoint," and "develop recommendations." These differences highlight just how different the day-to-day in each role looks.

On average, senior human resources specialists earn a lower salary than compensation and benefits analysts. Some industries support higher salaries in each profession. Interestingly enough, senior human resources specialists earn the most pay in the finance industry with an average salary of $77,555. Whereas compensation and benefits analysts have higher pay in the finance industry, with an average salary of $78,993.Average education levels between the two professions vary. Senior human resources specialists tend to reach similar levels of education than compensation and benefits analysts. In fact, they're 3.6% less likely to graduate with a Master's Degree and 0.6% more likely to earn a Doctoral Degree.

Compensation and benefits analyst vs. Provider enrollment specialist

A provider enrollment specialist is in charge of handling application procedures in a company or facility. Their responsibilities typically revolve around gathering information, reviewing and verifying requirements, processing applications, and liaising with clients. They may also maintain and update databases, assist during complicated procedures, and ensure that all requirements are complete and accurate. Furthermore, as a provider enrollment specialist, it is essential to discuss terms and conditions to clients, helping them understand the company's policies and regulations, including its vision and mission.

On average scale, provider enrollment specialists bring in lower salaries than compensation and benefits analysts. In fact, they earn a $33,649 lower salary per year.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a compensation and benefits analyst is likely to be skilled in "hris," "human resources," "compensation programs," and "open enrollment," while a typical provider enrollment specialist is skilled in "data entry," "patients," "caqh," and "medicare."

Provider enrollment specialists earn the highest salary when working in the technology industry, where they receive an average salary of $42,041. Comparatively, compensation and benefits analysts have the highest earning potential in the finance industry, with an average salary of $78,993.provider enrollment specialists typically earn lower educational levels compared to compensation and benefits analysts. Specifically, they're 12.9% less likely to graduate with a Master's Degree, and 0.2% less likely to earn a Doctoral Degree.

Compensation and benefits analyst vs. Enrollment specialist

Typically the responsibilities of an enrollment specialist revolve around gathering information from clients, explaining policies and regulations, obtaining requirements, and determining whether the clients are eligible for the program or service. They also process and verify applications, maintain records and database of information, and handle any issues and concerns. There are also instances where they must manage billing and even process payments. Furthermore, an enrollment specialist must adhere to the company's policies and standards while reaching out to clients.

Enrollment specialists average a lower salary than the annual salary of compensation and benefits analysts. The difference is about $33,477 per year.While both compensation and benefits analysts and enrollment specialists complete day-to-day tasks using similar skills like open enrollment, hipaa, and cobra, the two careers vary in some skills.

Even though a few skill sets overlap between compensation and benefits analysts and enrollment specialists, there are some differences that are important to note. For one, a compensation and benefits analyst might have more use for skills like "hris," "human resources," "compensation programs," and "data analysis." Meanwhile, some responsibilities of enrollment specialists require skills like "customer service," "patients," "data entry," and "health insurance. "

Enrollment specialists enjoy the best pay in the health care industry, with an average salary of $40,066. For comparison, compensation and benefits analysts earn the highest salary in the finance industry.The average resume of enrollment specialists showed that they earn lower levels of education compared to compensation and benefits analysts. So much so that theyacirc;euro;trade;re 12.3% less likely to earn a Master's Degree and more likely to earn a Doctoral Degree by 0.3%.

Types of compensation and benefits analyst

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.

Browse business and financial jobs