Compensation / Benefits Analyst
What Does a Professional in this Career Do?
Evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
There were 284 Compensation / Benefits Analyst job postings in North Carolina in the past year and 7624 in the United States.
In combination with other careers in the Compensation / Benefits Analyst industry, which includes the Compensation / Benefits Analyst career, the following graph shows the number of people employed for each year since 2010:
Many new Compensation / Benefits Analyst jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
The average estimated salary in the United States for this career, based on job postings in the past year, is $68,038.
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $69,261.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Compensation / Benefits Analyst postings in the United States in the past year were lower than $58,621.
Education and Experience
Posted Compensation / Benefits Analyst jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
Posted Compensation / Benefits Analyst jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
|Years of Experience||Percentage|
|0 to 2 years||35%|
|3 to 5 years||56%|
|6 to 8 years||7%|
Below are listings of the most common general and specialized skills Compensation / Benefits Analyst positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
A skill that is required across a broad range of occupations, including this one.
- Microsoft Excel (63%)
- Communication Skills (47%)
- Detail-Oriented (33%)
- Microsoft Office (31%)
- Research (28%)
A core skill for this occupation, it occurs frequently in job postings.
- Human Resource Information System (HRIS) (29%)
- Benefits Analysis (23%)
- Job Evaluation (11%)
- Benefits Administration / Management (11%)
- Market Analysis (10%)
A skill that is requested frequently in this occupation but isn’t specific to it.
- Project Management (15%)
- Business Administration (15%)
- Data Analysis (13%)
- Calculation (12%)
- Budgeting (12%)
A skill that may distinguish a subset of the occupation.
- Executive Compensation (6%)
- Workday (6%)
- Salary Structure (5%)
- Talent Acquisition (5%)
- Payroll Processing (4%)
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed along with the marginal value: the average salary difference between postings that request that skill and those that do not.
- SAP SuccessFactors (1%) – marginal value $2,630
Alternative Job Titles
Sometimes employers post jobs with Compensation / Benefits Analyst skills but a different job title. Some common alternative job titles include:
- Compensation Analyst
- Benefits Analyst
- Compensation Consultant
- Compensation Specialist
- Sales Compensation Analyst
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
- Senior Compensation / Benefits Analyst
- Compensation / Benefits Manager
- Director of Compensation / Benefits
- Compensation / Benefits Specialist
- Human Resources Manager
Here are the employers that have posted the most Compensation / Benefits Analyst jobs in the past year along with how many they have posted.
- Ironbelly Tech (46)
- Wells Fargo (38)
- Marsh & McLennan Companies (34)
- C&S Wholesale Grocers (31)
- Aon (28)
- Wells Fargo (11)
- State North Carolina (7)
- Sealed Air Corporation (6)
- Coca-Cola Enterprises Inc. (6)
- BB&T Corporation (6)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!