Compensation, Benefits, and Job Analysis Specialist?

Answer 1

For some companies today, the focus is on getting the absolute most out of employees. They want to make sure that their dollars are being used wisely and they want to know that employees are compensated competitively. With that in mind, they are willing to hire people to look after this part of the business model. A compensation, benefits, and job analysis specialist will make sure that a company’s employees are being paid the way they are supposed to be paid. This is the type of job that can be fun and rewarding, and it can have some interesting twists and turns.

Becoming a compensation, benefits, and job analysis specialist

A person in this type of position will need to be thorough and will need to look after the smallest details for the company. It requires great organization and a proficiency with numbers. With that in mind, a lot of people get going in this field with a management degree. They learn the ins and outs of what business is all about, so they can take a look at a company’s employees with a critical eye. A background in human resource management would also be helpful for this purpose, but it would not be all that you need for success.

What do they make?

You can expect to make a salary in the $50,000 to $65,000 range in a position of this nature. This is great money for someone who is essentially a consultant for the company. The nice thing here is that you can make more money as you get experience in the field. A person working to make the company more efficient will be able to successfully move into leadership roles down the line. That is where the truly impressive salaries are located.

What do they do?

These people will conduct employee analysis reports, do performance reviews, and conduct research on the surrounding market. They will make sure that the employees are being paid competitively and that salary packages are good enough to attract top talent. From there, it is all about efficiency and figuring out if the company is getting enough productivity for what it is paying out.