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Mostly Sitting
$60,850
Average Salary
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Compensation, benefits, and job analysis specialists typically need a bachelor’s degree, and some specialists need related work experience.
EducationMost 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 OccupationFor 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 RegistrationsAlthough 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.
AdvancementCompensation, 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 QualitiesAnalytical 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.
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Average Length of Employment
Top Careers Before Retirement Plan Specialist
Top Careers After Retirement Plan Specialist
Gender
Male
52.9%Female
45.8%Unknown
1.3%Ethnicity
White
80.9%Hispanic or Latino
10.0%Asian
6.9%Unknown
1.4%Black or African American
0.8%Languages Spoken
Spanish
64.3%Chinese
7.1%French
7.1%Mandarin
7.1%Indonesian
3.6%Vietnamese
3.6%German
3.6%Arabic
3.6%Retirement Plan Specialist
Unfortunately we don’t have enough data for this section.
Schools
University of Phoenix
15.7%Towson University
7.4%Southern New Hampshire University
6.5%West Virginia University
5.6%Michigan State University
4.6%Arizona State University
4.6%Temple University
4.6%University of Wisconsin - Milwaukee
4.6%Suffolk University
4.6%Colorado State University
4.6%Ohio State University
3.7%University of Minnesota - Twin Cities
3.7%Georgia State University
3.7%Florida State University
3.7%American InterContinental University
3.7%University of Connecticut
3.7%Marshall University
3.7%Strayer University
3.7%Kaplan University
3.7%Northeastern University
3.7%Majors
Degrees
Bachelors
52.8%Masters
19.2%Other
15.9%Associate
6.5%Certificate
2.8%Doctorate
2.2%License
0.3%Diploma
0.3%Retirement Plan Specialist
Unfortunately we don’t have enough data for this section.
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