Occupation Info

Career A-Z index listing table

Compensation Specialist

Overview: Conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
Duties: Ensure company compliance with federal and state laws, including reporting requirements. Evaluate job positions, determining classification, exempt or non-exempt status, and salary. Plan, develop, evaluate, improve, and communicate methods and techniques for selecting, promoting, compensating, evaluating, and training workers. Prepare occupational classifications, job descriptions and salary scales. Provide advice on the resolution of classification and salary complaints. Advise managers and employees on state and federal employment regulations, collective agreements, benefit and compensation policies, personnel procedures and classification programs. Prepare reports, such as organization and flow charts, and career path reports, to summarize job analysis and evaluation and compensation analysis information. Perform multifactor data and cost analyses that may be used in areas such as support of collective bargaining agreements. Assess need for and develop job analysis instruments and materials. Observe, interview, and survey employees and conduct focus group meetings to collect job, organizational, and occupational information.
Degree(s): A.A.S. Management: Marketing Concentration 
A.S. Business Administration (Accounting and Marketing) 
Job Outlook: Employment in this field is projected to grow 2% to 4% from 2014 to 2024, which is slightly slower than the average projected growth for all occupations.
Education Level: Training for this occupation generally requires an Associate Degree from a 2 year or community college.
Recommended Skills:
  • Weighing out the options in a situation or a problem and logically choosing the best course of action.
  • Actively looking for ways to help people.
  • Paying attention to what other people are saying, and taking time to understand the points being made.
  • Allocating and budgeting your time for different tasks so that things get done when needed.
  • The ability to understand complex written paragraphs, instructions, or reports.
  • Using logic to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Talking, giving speeches, or speaking in a group to convey information, explain ideas, or give instructions.
  • Composing and communicating your ideas in written form.
Recommended Values:
  • Having a routine job where the duties are very predictable and not likely to change over a long period of time.
  • Create new ideas, programs, things, or anything else not previously developed by another person.
 

* National data collected by the Department of Labor in 2014 with projections through 2024. For New York green job information .

* For New York salary data information .

* 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.

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