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Human Resources Careers | Compensation / Benefits Analyst

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.

Job Outlook

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:

Salary

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.

National

The average estimated salary in the United States for this career, based on job postings in the past year, is $68,038.

State

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.

Education LevelPercentage
Associate's Degree5%
Bachelor's Degree85%
Master's Degree10%
Doctoral Degree0%
Other0%

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 ExperiencePercentage
0 to 2 years35%
3 to 5 years56%
6 to 8 years7%
9+ years2%

Skills

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.

Baseline Skills

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%)

Defining Skills

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%)

Necessary Skills

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%)

Distinguishing Skills

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

Similar Occupations

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.

Common Employers

Here are the employers that have posted the most Compensation / Benefits Analyst jobs in the past year along with how many they have posted.

United States

  • Ironbelly Tech (46)
  • Wells Fargo (38)
  • Marsh & McLennan Companies (34)
  • C&S Wholesale Grocers (31)
  • Aon (28)

North Carolina

  • 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!

Not sure where to start?

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