FIND PERSONALIZED JOBS
Sign up to Zippia and discover your career options with your personalized career search.
Sorry, we can't find that. Please try a different city or state.
APPLY NOW
Apply Now
×
FIND
PERSONALIZED JOBS

Sorry, we can't find that. Please try a different city or state.

CONTENT HAS
BEEN UNLOCKED
Close this window to view unlocked content
or
find interesting jobs in

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign Up

SIGN UP TO UNLOCK CONTENT

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Forgot Password?

Don't have an account? Sign Up

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Log In

Log In to Save

Sign Up to Save

Sign Up to Dismiss

Sign up to save the job and get personalized job recommendations.

Sign up to dismiss the job and get personalized job recommendations.

or

The email and password you specified are invalid. Please, try again.

Email and password are mandatory

Already have an account? Log in

reset password

Enter your email address and we will send you a link to reset your password.

Back to Log In

Company Saved

Answer a few questions and view jobs at that match your preferences.

Where do you want to work?

Job Saved

See your Saved Jobs now

or

find more interesting jobs in

Job Dismissed

Find better matching jobs in

Your search has been saved!

Become A Compensation Specialist

Where do you want to work?

To get started, tell us where you'd like to work.
Sorry, we can't find that. Please try a different city or state.

Working As A Compensation Specialist

  • Getting Information
  • Analyzing Data or Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Evaluating Information to Determine Compliance with Standards
  • Mostly Sitting

  • $69,000

    Average Salary

What Does A Compensation Specialist Do

Compensation, benefits, and job analysis specialists conduct an organization’s compensation and benefits programs. They also evaluate position descriptions to determine details such as a person’s classification and salary.

Duties

Compensation, benefits, and job analysis specialists typically do the following:

  • Research compensation and benefits policies and plans to ensure the organization’s offerings are current, cost effective, and competitive
  • Use data and cost analyses to compare compensation and benefits plans
  • Evaluate position descriptions to determine a person’s classification and salary
  • Ensure that the company complies with federal and state laws
  • Collaborate with outside partners, such as benefits vendors, insurance brokers, and investment managers 
  • Design and prepare reports summarizing research and analysis
  • Present recommendations to other human resources managers

Some specialists perform tasks within all areas of compensation, benefits, and job analysis. Others specialize in a specific area.

Compensation specialists assess the organization’s pay structure. They research compensation trends and review surveys to determine how their organization’s pay compares with that of other organizations in a particular industry and region. They often perform complex data or cost analyses to evaluate compensation policies. For example, they may research and analyze the cost of different pay-for-performance strategies, which offer rewards such as bonuses, paid leave, and other incentives.

Compensation specialists also must ensure that the organization’s pay practices comply with federal and state laws and regulations, such as workers’ compensation, minimum wage, overtime, and equal pay laws.

Benefits specialists administer the organization’s benefits programs, which include retirement plans, leave policies, wellness programs, and insurance policies, such as health, life, and disability insurance. They research and analyze benefits plans, policies, and programs, and make recommendations based on their analysis. They must frequently monitor government regulations, legislation, and benefits trends to ensure that their programs are current, legal, and competitive.

Benefits specialists also work closely with insurance brokers and benefits carriers and manage the enrollment, renewal, and delivery of benefits to the organization’s employees.

Job analysis specialists, also known as position classifiers, evaluate positions by writing or assigning job descriptions, determining position classifications, and preparing salary scales. When an organization introduces a new job or reviews existing jobs, specialists must research and make recommendations to managers on the status, description, classification, and salary of those jobs.

Show More

Show Less

How To Become A Compensation Specialist

Compensation, benefits, and job analysis specialists typically need a bachelor’s degree, and some specialists need related work experience.

Education

Most employers require that compensation, benefits, and job analysis specialists have a bachelor’s degree. Many specialists have a degree in human resources, business administration, finance, communication, or a related field. Some employers may accept previous work experience in lieu of a formal degree.

Not all colleges and universities offer an undergraduate degree in human resources, but many offer courses in human resources management, compensation analysis, and benefits administration. Students with a background in other disciplines may benefit from taking courses in business, management, finance, and accounting.

Work Experience in a Related Occupation

For many jobs, compensation, benefits, and job analysis specialists must have previous work experience. Employers commonly require that the previous experience includes performing compensation analysis, benefits administration, or general human resources work. Experience in related fields such as finance, insurance, or business administration, also may be beneficial.

Jobseekers without a degree in human resources must have relevant work experience. Some workers may gain this experience through internships. However, most gain experience from working in human resources.

Licenses, Certifications, and Registrations

Although certification is not required, it can demonstrate professional expertise. Some employers prefer to hire certified candidates, but many employers will have their employees become certified after they are already working. Certification programs for management positions often require several years of related work experience in order to qualify for the credential.

Many associations for human resources workers offer classes to enhance the skills of their members. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits. Others, including the HR Certification Institute and the Society for Human Resource Management, offer general human resources credentials.

Advancement

Compensation, benefits, and job analysis specialists may advance to a compensation and benefits manager or a human resources manager position. Specialists typically need several years of work experience to advance.

Important Qualities

Analytical skills. Many specialists perform data or cost analyses to form logical conclusions. For example, they may analyze the cost of choosing a particular salary scale for a class of workers.

Business acumen. Specialists must understand basic finance and accounting.

Communication skills. Specialists often work with employees throughout their organization to provide information on compensation and benefits. They may give presentations or advise managers or employees about compensation policies or benefit plans.

Critical-thinking skills. Specialists must think critically when evaluating job positions, salary scales, promotion practices, and other compensation and benefits policies.

Detail oriented. Specialists must pay attention to detail, especially when ensuring that the organization is compliant with federal and state laws.

Show More

Show Less

Do you work as a Compensation Specialist?

Send To A Friend

Compensation Specialist Jobs

NO RESULTS

Aw snap, no jobs found.

Add To My Jobs

Compensation Specialist Career Paths

Compensation Specialist
Human Resources Manager Director Of Human Resources
Human Resources Vice President
12 Yearsyrs
Human Resources Manager Regional Human Resources Manager
Senior Human Resources Manager
9 Yearsyrs
Human Resources Manager Business Development Manager Recruitment Manager
Talent Acquisition Manager
9 Yearsyrs
Compensation Manager Director Of Human Resources Senior Vice President
Human Resource Officer
6 Yearsyrs
Human Resources Generalist Office Manager
Office Manager Of Human Resources
6 Yearsyrs
Human Resources Generalist Human Resources Consultant
Senior Human Resources Consultant
9 Yearsyrs
Human Resources Generalist Benefits Analyst
Benefits Manager
8 Yearsyrs
Compensation Manager Compensation And Benefits Manager
Compensation Director
13 Yearsyrs
Compensation Consultant Senior Compensation Analyst
Compensation Manager
9 Yearsyrs
Compensation Consultant Human Resources Consultant
Senior Human Resources Generalist
8 Yearsyrs
Compensation Consultant Human Resources Consultant Human Resources Business Partner
Regional Human Resources Manager
8 Yearsyrs
Senior Compensation Analyst Compensation Manager
Compensation And Benefits Manager
9 Yearsyrs
Senior Compensation Analyst Human Resources Business Partner
Human Resources Lead
8 Yearsyrs
Manager Senior Manager Senior Human Resources Manager
Director Of Human Resources Operations
10 Yearsyrs
Office Manager Payroll Manager
Benefit Director
11 Yearsyrs
Compensation And Benefits Manager Human Resources Business Partner
Head Of Human Resources
8 Yearsyrs
Office Manager Office Manager Of Human Resources Human Resources Generalist/Manager
Employee Relations Manager
7 Yearsyrs
Executive Assistant Executive Secretary Benefit Specialist
Employee Benefits Manager
7 Yearsyrs
Senior Human Resources Generalist Benefits Manager
Hris Manager
10 Yearsyrs
Payroll Administrator Benefit Specialist Senior Human Resources Specialist
Senior Human Resources Administrator
6 Yearsyrs
Show More
Share

Do you work as a Compensation Specialist?

Help others decide if this is a good career for them

Average Length of Employment
Benefit Specialist 2.9 years
Specialist 2.6 years
Top Careers Before Compensation Specialist
Manager 3.6%
Recruiter 3.5%
Internship 3.4%
Top Careers After Compensation Specialist
Manager 4.0%
Consultant 3.6%

Do you work as a Compensation Specialist?

Average Yearly Salary
$69,000
View Detailed Salary Report
$43,000
Min 10%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$69,000
Median 50%
$112,000
Max 90%
Best Paying Company
Google
Highest Paying City
San Francisco, CA
Highest Paying State
Alaska
Avg Experience Level
3.4 years
How much does a Compensation Specialist make at top companies?
The national average salary for a Compensation Specialist in the United States is $69,663 per year or $33 per hour. Those in the bottom 10 percent make under $43,000 a year, and the top 10 percent make over $112,000.

Real Compensation Specialist Salaries

Job Title Company Location Start Date Salary
Senior Global Compensation Specialist Bechtel Corporation San Francisco, CA Feb 02, 2015 $142,193
Compensation Specialist Google Inc. Sunnyvale, CA Jan 02, 2016 $120,000
Compensation Specialist Google Inc. Mountain View, CA Sep 13, 2013 $111,000
Compensation Specialist Genscript USA Inc. Piscataway, NJ Apr 26, 2016 $107,266
IFS Compensation Specialist Pricewaterhousecoopers New York, NY Nov 16, 2016 $106,000 -
$137,400
Compensation Specialist Microsoft Corporation Redmond, WA Aug 07, 2016 $94,400 -
$114,400
Compensation, Bene., and Job Analy. Specialists Affiliated Computer Services, Inc. Secaucus, NJ Jun 27, 2012 $77,624
Compensation & Job Analysis Specialist Bank of America Boston, MA Jul 07, 2010 $71,400
Hris and Compensation Specialist Yukon-Kuskokwim Health Corporation Bethel, AK Nov 01, 2014 $70,000 -
$80,000
Incentive Compensation Specialist Smart Tech, Inc. Simi Valley, CA Jan 09, 2016 $65,000
Compensation Specialist, Client Relations Ambrose Employer Group, LLC New York, NY Oct 01, 2012 $65,000 -
$75,000
Compensation Specialist AON Consulting, Inc. San Jose, CA Mar 11, 2010 $65,000 -
$85,000
Compensation, Benef. & Job Analysis Specialist ADC Telecommunications Eden Prairie, MN Jan 06, 2011 $61,755
Recruiting and Compensation Specialist M2P2, LLC Ames, IA Dec 10, 2011 $60,106
Compensation Specialist The Johns Hopkins Hospital Baltimore, MD Jun 16, 2014 $59,000
Compensation Specialist The Johns Hopkins Health System Corporation Baltimore, MD Jun 16, 2014 $59,000

No Results

To get more results, try adjusting your search by changing your filters.

See More Salaries

How Would You Rate The Salary Of a Compensation Specialist?

Have you worked as a Compensation Specialist? Help other job seekers by rating your experience as a Compensation Specialist.

Top Skills for A Compensation Specialist

  1. Workers Compensation
  2. Salary Surveys
  3. Insurance Companies
You can check out examples of real life uses of top skills on resumes here:
  • Review treatment requests from providers to determine medical necessity and appropriateness and compliance within Workers Compensation Guidelines.
  • Conducted and analyzed exempt and nonexempt salary surveys, and researched various job evaluation system options for installation.
  • Prepare for and coordinate case management reviews between the Occupational Medicine Physician Specialist and contracted insurance companies and brokers as requested.
  • Work with talent acquisition team in creating job descriptions and specifications, minimum qualifications and making salary adjustments.
  • Conducted analysis of existing HR program features pertaining to costs, operational effectiveness, market competitiveness, and internal equity.

Rank:

Average Salary:

Embed On Your Website

Top 10 Best States for Compensation Specialists

  1. District of Columbia
  2. Alaska
  3. Minnesota
  4. New Jersey
  5. Rhode Island
  6. Massachusetts
  7. New York
  8. Pennsylvania
  9. Connecticut
  10. Virginia
  • (96 jobs)
  • (26 jobs)
  • (314 jobs)
  • (286 jobs)
  • (43 jobs)
  • (396 jobs)
  • (506 jobs)
  • (431 jobs)
  • (106 jobs)
  • (427 jobs)

Compensation Specialist Demographics

Gender

Female

67.9%

Male

23.1%

Unknown

8.9%
Ethnicity

White

61.8%

Hispanic or Latino

17.0%

Black or African American

11.2%

Asian

6.5%

Unknown

3.4%
Show More
Foreign Languages Spoken

Spanish

60.0%

Portuguese

11.7%

French

6.7%

German

5.0%

Arabic

5.0%

Bulgarian

1.7%

Carrier

1.7%

Armenian

1.7%

Russian

1.7%

Polish

1.7%

Korean

1.7%

Hindi

1.7%
Show More

Compensation Specialist Education

Schools

University of Phoenix

27.4%

Southern New Hampshire University

6.9%

Strayer University

5.1%

Villanova University

4.6%

Middle Tennessee State University

4.6%

Ashford University

4.0%

Kaplan University

4.0%

University of Pittsburgh -

4.0%

University of South Florida

3.4%

University of Cincinnati

3.4%

University of Maryland - University College

3.4%

Virginia Commonwealth University

3.4%

Pennsylvania State University

3.4%

Northeastern University

3.4%

University of Massachusetts Amherst

3.4%

Purdue University

3.4%

Central Connecticut State University

3.4%

Troy University

2.9%

University of San Francisco

2.9%

Franklin University

2.9%
Show More
Majors

Business

34.1%

Human Resources Management

16.9%

Health Care Administration

5.4%

Psychology

5.1%

Accounting

4.4%

Management

4.1%

Finance

3.7%

Law

3.1%

Criminal Justice

2.9%

Counseling Psychology

2.8%

Legal Support Services

2.3%

Marketing

2.3%

Insurance

2.2%

Communication

1.8%

English

1.7%

Nursing

1.6%

General Studies

1.5%

Liberal Arts

1.5%

Sociology

1.5%

Education

1.4%
Show More
Degrees

Bachelors

39.8%

Masters

23.2%

Other

17.4%

Associate

10.6%

Certificate

5.0%

Doctorate

2.3%

Diploma

1.4%

License

0.3%
Show More

Job type you want
Full Time
Part Time
Internship
Temporary

How Would You Rate Working As a Compensation Specialist?

Are you working as a Compensation Specialist? Help us rate Compensation Specialist as a Career.

Top Compensation Specialist Employers

Jobs From Top Compensation Specialist Employers

Compensation Specialist Videos

How to Negotiate Salary for Your Job Offer

Meet Our People - Teresa Keet

Related to your recently viewed content