How to Become a Compensation, Benefits, and Job Analysis Specialist
Specialists typically need previous work experience in compensation analysis or benefits administration.
Compensation, benefits, and job analysis specialists need a bachelor’s degree, and some specialists need related work experience.
Compensation, benefits, and job analysis specialists need a bachelor’s degree. Many have a degree in human resources, business administration, finance, or a related field. 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, such as psychology or sociology, would also 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 can also 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 working in human resources.
Licenses, Certifications, and Registrations
Many professional associations for human resources professionals offer classes to enhance the skills and credibility 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, offer general human resources credentials.
Although not required, certification can show professional expertise and credibility. In fact, many employers prefer to hire certified candidates, and some positions may require certification. Certification programs for management positions often require several years of related work experience to qualify for the credential.
Compensation, benefits, and job analysis specialists may advance to compensation and benefits manager or human resources manager positions. Workers typically need several years of experience to advance.
Analytical skills. Many compensation, benefits, and job analysis 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. Compensation, benefits, and job analysis specialists must understand basic finance and accounting.
Communication skills. Compensation, benefits, and job analysis 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. Compensation, benefits, and job analysis specialists must think critically when evaluating job positions, salary scales, promotion practices, and other compensation and benefits policies.
Detail oriented. Compensation, benefits, and job analysis specialists must pay attention to detail, especially when ensuring that the organization is compliant with federal and state laws.