Compensation, benefits, & job analysis specialists

Detailed Occupation

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2020 Workforce

63.3k

Average Age

44.5

Estimated Job Growth

7.84%

10-year projection

Average Salary

$68,333

Average Male Salary

$89,849

Average Female Salary

$61,798

About

Compensation, benefits, & job analysis specialists are most often employed by the Insurance carriers industry. The average yearly wage for Compensation, benefits, & job analysis specialists was $68,333 in 2016. The top 3 most similar occupations to Compensation, benefits, & job analysis specialists by wage are Other designers, Millwrights, and Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining.

Compensation, benefits, & job analysis specialists are part of the Business & financial operations occupations, along with Agents & business managers of artists, performers, & athletes, Buyers & purchasing agents, farm products, Wholesale & retail buyers, except farm products, Purchasing agents, except wholesale, retail, & farm products, Claims adjusters, appraisers, examiners, & investigators, and 24 more.

The top 3 locations that employ the most Compensation, benefits, & job analysis specialists are Hayward City PUMA, CA, West Des Moines & Urbandale Cities PUMA, IA, and Philadelphia City (Far Northeast) PUMA, PA. The top 3 locations with a relatively high concentration of Compensation, benefits, & job analysis specialists are San Antonio (Northeast), Universal City & Converse Cities PUMA, TX, Champlin, Rogers Cities & Lake Minnetonka PUMA, MN, and Hayward City PUMA, CA.

Management, business, & financial occupations Management, business, science, & arts occupations Business & financial operations occupations

Employment

Information on the businesses and industries that employ Compensation, benefits, & job analysis specialists and on wages and locations for those in the field. Insurance carriers is the industry that employs the most Compensation, benefits, & job analysis specialists, both by share and by number, though the highest paid industry for Compensation, benefits, & job analysis specialists, by average wage, is Cement, concrete, lime, & gypsum product manufacturing . Compensation, benefits, & job analysis specialists are paid most in Indian Trail & Stallings Towns PUMA, NC but are relatively concentrated in San Antonio (Northeast), Universal City & Converse Cities PUMA, TX.

Wages

Yearly Wage

$68,333

AVERAGE SALARY

± $5,483

In 2020, Compensation, benefits, & job analysis specialists earned an average of $68,333, $12,379 more than than the average national salary of $55,954.

Millwrights make somewhat more than Compensation, benefits, & job analysis specialists while Other designers make somewhat less. This chart shows the various occupations closest to Compensation, benefits, & job analysis specialists as measured by average annual salary in the US.

Wage Distribution

0.307

WAGE GINI

In 2015, Compensation, benefits, & job analysis specialists had a wage GINI coefficient of 0.307, which is lower than than the national average of 0.478. In other words, wages are distributed more evenly for Compensation, benefits, & job analysis specialists (shown in red) than for the overall labor force (shown in gray).

Wage by Location

HIGHEST PAYING PUMAS

This map shows the Public Use Microdata Areas (PUMAs) in the United States shaded by average annual wage for Compensation, benefits, & job analysis specialists.

Spatial Concentration

PUMAs with a Relatively High Concentration of Compensation, benefits, & job analysis specialists

This map displays which Public Use Microdata Areas (PUMAs) in the United States have a relatively high population of Compensation, benefits, & job analysis specialists.

Industries

Most Common

The most common industries employing Compensation, benefits, & job analysis specialists, by number of employees, are Insurance carriers, Securities, commodities, funds, trusts & other financial investments, Administration of human resource programs, Management, scientific & technical consulting services, Agencies, brokerages, and other insurance related activities, General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals, Colleges, universities & professional schools, including junior colleges, Elementary & secondary schools, Public finance activities, Employment services, and Individual & family services.

Highest Paying

The highest paying industries for Compensation, benefits, & job analysis specialists, by average wage, are Cement, concrete, lime, & gypsum product manufacturing , Aircraft & parts manufacturing, and Air transportation.

Industries by Share

63.3k

2020 Workforce

± 6,177

6.88%

1 YEAR GROWTH

± 13.1%

The number of people employed as Compensation, benefits, & job analysis specialists has been growing at a rate of 6.88%, from 59,251 people in 2019 to 63,329 people in 2020.

This graphic shows the share of Compensation, benefits, & job analysis specialists employed by various industries. Insurance carriers employs the largest share of Compensation, benefits, & job analysis specialists at 11.8%, followed by Securities, commodities, funds, trusts & other financial investments with 8.42% and Administration of human resource programs with 6.1%.

Diversity

Demographic information on Compensation, benefits, & job analysis specialists in the US. The average age of male Compensation, benefits, & job analysis specialists in the workforce is 43.7 and of female Compensation, benefits, & job analysis specialists is 44.7, and the most common race/ethnicity for Compensation, benefits, & job analysis specialists is White (Non-Hispanic).

Composition by Sex

14.8k

MALE WORKFORCE

± 2,982

48.6k

FEMALE WORKFORCE

± 5,410

76.7% of Compensation, benefits, & job analysis specialists are Female, making them the more common sex in the occupation. This chart shows the sex breakdown of Compensation, benefits, & job analysis specialists.

Race & Ethnicity

Most Common Race or Ethnicity of Compensation, benefits, & job analysis specialists

White (Non-Hispanic)
Black (Non-Hispanic)
White (Hispanic)

63.6% of Compensation, benefits, & job analysis specialists are White (Non-Hispanic), making that the most common race or ethnicity in the occupation. Representing 15.7% of Compensation, benefits, & job analysis specialists, Black (Non-Hispanic) is the second most common race or ethnicity in this occupation. This chart shows the racial and ethnic breakdown of Compensation, benefits, & job analysis specialists.

Age by Sex

43.7

AVERAGE MALE AGE

± 2.72

44.7

AVERAGE FEMALE AGE

± 1.34

The median age of Compensation, benefits, & job analysis specialists is 44.5, and Male employees are generally 1.03 years younger than than their Female counterparts.

Education

Data on higher education choices for Compensation, benefits, & job analysis specialists from The Department of Education and Census Bureau. The most common major for Compensation, benefits, & job analysis specialists is Business but a relatively high number of Compensation, benefits, & job analysis specialists hold a major in Business.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

MOST COMMON MAJORS

MOST SPECIALIZED MAJORS

Skills

Data on the critical and distinctive skills necessary for Compensation, benefits, & job analysis specialists from the Bureau of Labor Statistics. Compensation, benefits, & job analysis specialists need many skills, but most especially Reading Comprehension, Critical Thinking, and Active Listening. The revealed comparative advantage (RCA) shows that Compensation, benefits, & job analysis specialists need more than the average amount of Science, Operations Analysis, and Programming.

Radar Distribution

Bar Chart

Projections

Projections on job growth for Compensation, Benefits, and Job Analysis Specialists from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 3.71%, but Compensation, Benefits, and Job Analysis Specialists are expected to see a growth of 7.84% over the same period. This occupation is expected to grow more than the national average.

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Compensation, Benefits, and Job Analysis Specialists.

7.84%

Estimated Job Growth

10-year Projection

3.71%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Compensation, Benefits, and Job Analysis Specialists. This profession is expected to grow more than than 3.71%, the average rate of national job growth.