Compensation and Benefits Specialist Job Description

What is the job description of a Compensation and Benefits Specialist? What are the duties and responsibilities of a Compensation and Benefits Specialist? What does a Compensation and Benefits Specialist do?

Job description of a Compensation and Benefits Specialist

Compensation and Benefits Specialists, also known as Remuneration Specialists, are generally responsible for overseeing employee compensation and benefits, compensation databases, job descriptions, benchmark compensation as well as annual performance reviews.

This Compensation and Benefits Specialist job description example includes the list of most important Compensation and Benefits Specialist duties and responsibilities as shown below. It can be modified to fit the specific Compensation and Benefits Specialist profile you're trying to fill as a recruiter or job seeker.

Compensation and Benefits Specialist Duties and Responsibilities

Compensation and Benefits Specialist job description should contain a variety of functions and roles including:

  • Design a compensation package based on business goals and strategy
  • Create a consistent compensation guideline that matches our work and organizational culture
  • Create and analyze job descriptions evaluations and classifications
  • Keep abreast with new trend and best practice in the filed
  • Ensure that compensation practices are in compliance with current laws and regulations
  • Conduct periodic audits, prepare and present reports
  • Conduct salary and labor market research to define benchmarks
  • Apply effective communication strategies 
  • Assess employees needs by conducting organizational surveys

Compensation and Benefits Specialist Requirements / Skills / Qualifications

Compensation and Benefits Specialist job description should include these common skills and qualifications:

  • BA in human resources, business administration or similar relevant field
  • Previous working experience as a compensation and benefits specialist for (x) years
  • Prior experience in HR operations and knowledge of best practices
  • Hands on experience with quantitative and qualitative research
  • Strong interpersonal and communication skills
  • Good understanding of full cycle hiring process
  • Familiarity with current employment rules and regulations
  • Hands on experience with HR software (HRIS)

As a hiring manager, recruiting an ideal Compensation and Benefits Specialist starts with crafting a good job description. Use this Compensation and Benefits Specialist job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Compensation and Benefits Specialist may also reference it in preparation for the interview.