|Overview:||They direct development and use of techniques for assigning a compensation value for jobs. This includes job analyses, job descriptions, job grading, schemes, and surveys of what other organizations pay their employees for similar jobs.|
|Duties:||They interview and observe employees holding specific jobs to identify the tasks they perform, the skills and education needed and the importance of the job to the company.
They decide upon a scheme for either ranking ordering jobs or assigning a point value that indicates the value of each job to the organization.
They survey other organizations to determine how much they pay their workers in their city or region and decide whether to pay their workers more, the same, or less.
They set a wage or salary for each job in the organization and determines what kind of merit pay increase plan should be implemented as well as other incentives, ie, bonus, profit share.
A.A.S. Management: Marketing Concentration
A.S. Business Administration (Accounting and Marketing)
|Job Outlook:||Employment of compensation administrator is expected to grow much faster than average through 2018. Rising healthcare costs and a growing number of healthcare coverage options should continue to spur demand for specialists to develop creative compensation and benefits packages that companies can offer prospective employees.|
|Salary Range (National Average):||$32,000 to $36,000|
|Education Level:||Training for this occupation generally requires an Associate Degree from a 2 year or community college.|
|Additional Training/Education:||Compensation administrators generally require a bachelor's degree and often a master's degree in either human resource management, industrial relations, business or psychology. Actually a mix of courses from all these study areas is desirable. Additional courses in computer applications and statistics are becoming increasingly important.|
* National data collected by the Department of Labor in 2014 with projections through 2024. For New York green job information .
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreementswith other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.