Compensation, Benefits, or Job Analysis Specialist
$52K
/ year
3-6 years experience
Description
A compensation, benefits or job analysis specialist oversees their organization's benefits and compensation programs. They must ensure that their company's package(s) are competitive within its industry, as well as cost effective and able to meet employees' needs. Additionally, these specialists evaluate positions to ensure that salary levels are appropriate, that exempt or non-exempt status is applied correctly, and that job descriptions and classifications are accurate. If a position is new within the company, the specialist must collaborate with relevant managers within the company to define the position and determine appropriate compensation.Other tasks performed by compensation, benefits or job analysis specialists include analyzing compensation and benefits trends within their company and industry, ensuring their company follows all relevant state and federal laws, and preparing reports for managers within their company on compensation, benefits and job analysis. The benefits programs overseen by these specialists may include insurance policies, retirement plans, leave policies and any company wellness programs. These specialists generally work full time in an office setting, although hours and location may vary depending on the employer's needs.A bachelor's degree in human resources, business administration or another relevant field is generally the minimum educational requirement for compensation, benefits or job analysis specialist positions. Previous experience in a related role is typically required or preferred as well.
Roles & Responsibilities
As a Compensation, Benefits, or Job Analysis Specialist with 3-6 years of experience in the AE, your main responsibilities are:
- Conducting job evaluations and analyzing job descriptions to determine appropriate compensation and benefits packages for employees.Evaluate job positions and create comprehensive job descriptions.Analyze market data and industry trends to establish competitive compensation and benefits packages.
- Administering and managing employee benefits programs, including health insurance, retirement plans, and leave policies.Enroll employees in benefit plans and ensure accurate record-keeping.Stay updated on relevant laws and regulations to ensure compliance with benefit programs.
- Conducting salary surveys and analyzing data to determine appropriate salary ranges for various job positions.Collect and analyze salary data from various sources.Make recommendations for salary adjustments based on market trends and internal equity.
- Collaborating with HR teams and managers to develop and implement job analysis processes and strategies.
Qualifications & Work Experience
A compensation job analysis, benefits or compensation specialist is responsible for the organization's benefits and compensation plans. They are responsible for ensuring that the company's package(s) are competitive in the industry and are efficient and capable of meeting the needs of employees. Furthermore, they examine positions to make sure that the salary is appropriate and that non-exempt or exempt status is properly applied, as well as that the job description and classifications of employees are correct. If the position is new within the organization the specialist should work with the relevant management within the company to establish the job and decide on the appropriate amount of compensation.
Essential Skills For Compensation, Benefits, or Job Analysis Specialist
1
Compensation Planning
2
Compensation & Benefits
3
Business Management
Career Prospects
The Compensation, Benefits, or Job Analysis Specialist role requires 3-6 years of experience in the AE. If you're looking for alternative roles in this field, here are four options to consider:
- HR Generalist: A role that involves overseeing various HR functions, including employee relations, performance management, and recruitment.
- Total Rewards Specialist: A position focused on designing and implementing compensation and benefits programs, as well as conducting job analysis and evaluation.
- HR Data Analyst: A role that entails analyzing HR data and metrics to provide insights and recommendations for improving compensation and benefits strategies.
- HR Compliance Manager: A position that involves ensuring compliance with employment laws and regulations, conducting audits, and developing policies and procedures related to compensation and job analysis.
How to Learn
The projected growth of the Compensation, Benefits, or Job Analysis Specialist role in the United Arab Emirates (UAE) job market is positive. According to a 10-year analysis, the job role is expected to experience significant growth due to the increasing emphasis on employee rewards and well-being. As per Google data, the UAE job market is expected to offer a substantial number of employment opportunities in this field in the future. This growth can be attributed to the need for professionals who can effectively evaluate and manage compensation, benefits, and job analysis programs to attract and retain talent.