What can I earn as a compensation and benefits officer?

The title compensation and benefits officer, compensation and benefits analyst and reward analyst or adviser are often used interchangeably to describe very similar roles.

What you need is a degree (preferably, but not essentially, a statistical or analytical degree such as maths or economics) and CIPD qualification. You will be highly numerate and analytical, with advanced data-processing skills. You will have a minimum of two to three years’ general HR experience, in addition to a minimum 12 to 18 months’ specialist compensation and benefits experience.

The job involves… overview of the remuneration and reward structure (including salary review), profiling, evaluating and benchmarking roles, sourcing and utilising salary surveys, assisting with the development of new pay structures, administering benefits systems such as pensions, company vehicle and private healthcare schemes, and managing bonus schemes. In some roles you will need to produce management information statistics and be involved in payroll administration. You would typically report directly to the compensation and benefits manager or to the HR manager.

Job prospects can be very good. This area is competitive, with fewer vacancies than for standard roles. Experienced candidates are in short supply and those with relevant specialist experience can command premium salaries and enhanced packages. Candi-dates with a significant amount of experience find they have a wider choice of vacancies and profitable consultancy opportunities open to them.

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