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Career and Education Opportunities for Compensation / Benefits Specialists in Arvada, Colorado

Arvada, Colorado provides a wide variety of opportunities, both career and educational, for compensation / benefits specialists. Currently, 2,490 people work as compensation / benefits specialists in Colorado. This is expected to grow 32% to 3,290 people by 2016. This is better than the national trend for compensation / benefits specialists, which sees this job pool growing by about 23.6% over the next eight years. Compensation / benefits specialists generally conduct programs of compensation and benefits and job analysis for employer.

Compensation / benefits specialists earn approximately $28 per hour or $58,450 per year on average in Colorado. Nationally they average about $25 hourly or $53,860 yearly. Compensation / benefits specialists earn less than people working in the category of Human Resources generally in Colorado and less than people in the Human Resources category nationally. Jobs in this field include: wage analyst, benefit specialist, and benefits consultant.

There are sixty schools of higher education in the Arvada area, including four within twenty-five miles of Arvada where you can get a degree to start your career as a compensation / benefits specialist. The most common level of education for compensation / benefits specialists is a Bachelor's degree. It will take about four years to learn to be a compensation / benefits specialist if you already have a high school diploma.

CAREER DESCRIPTION: Compensation / Benefits Specialist

In general, compensation / benefits specialists conduct programs of compensation and benefits and job analysis for employer. They also may specialize in specific areas.

Compensation / benefits specialists insure company adherence to federal and state laws, including reporting requirements. They also advise managers and employees on state and federal employment regulations, collective agreements, benefit and compensation policies, personnel procedures and classification programs. Equally important, compensation / benefits specialists have to ready occupational classifications, job descriptions and salary scales. Finally, compensation / benefits specialists furnish advice on the resolution of classification and salary complaints.

Every day, compensation / benefits specialists are expected to be able to listen to and understand others in meetings. They need to articulate ideas and problems. It is also important that they think through problems and come up with general rules.

It is important for compensation / benefits specialists to evaluate job positions, determining classification, exempt or non-exempt status, and salary. They are often called upon to help in preparing and maintaining personnel records and handbooks. They also speak at conferences and events to promote apprenticeships and related training programs. They are sometimes expected to observe and survey employees and conduct focus group meetings to collect job, organizational, and occupational data. Somewhat less frequently, compensation / benefits specialists are also expected to negotiate collective agreements on behalf of employers or staff, and mediate labor disputes and grievances.

They also have to be able to ready reports, such as organization and flow charts, and career path reports, to summarize job analysis and evaluation and compensation analysis data And finally, they sometimes have to research job and worker requirements, structural and functional relationships among jobs and occupations, and occupational trends.

Like many other jobs, compensation / benefits specialists must have exceptional integrity and be able to absorb the factors involved and a problem and provide a well thought out solution.

Similar jobs with educational opportunities in Arvada include:

  • Employment Coordinator. Interview job applicants and refer them to prospective employers for consideration. Search application files, notify selected applicants of job openings, and refer qualified applicants to prospective employers. Contact employers to verify referral results. Record and evaluate various pertinent data.
  • Employment Recruiter. Seek out, interview, and screen applicants to fill existing and future job openings and promote career opportunities within an organization.
  • Job Training Specialist. Conduct training and development programs for employees.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.

EDUCATIONAL OPPORTUNITIES: Compensation / Benefits Specialist Training

DeVry University-Colorado - Westminster, CO

DeVry University-Colorado, 1870 West 122nd Avenue, Ste. 316, Westminster, CO 80234-2010. DeVry University-Colorado is a small university located in Westminster, Colorado. It is a private for-profit school with primarily 4-year or above programs. It has 1,081 students and an admission rate of 93%. DeVry University-Colorado has a master's degree program in Human Resources Management/Personnel Administration which graduated four students in 2008.

University of Phoenix-Denver Campus - Lone Tree, CO

University of Phoenix-Denver Campus, 10004 Park Meadows Drive, Lone Tree, CO 80124-5453. University of Phoenix-Denver Campus is a small university located in Lone Tree, Colorado. It is a private for-profit school with primarily 4-year or above programs and has 1,957 students. University of Phoenix-Denver Campus has a less than one year program in Human Resources Management/Personnel Administration which graduated one student in 2008.

Colorado Christian University - Lakewood, CO

Colorado Christian University, 8787 West Alameda Avenue, Lakewood, CO 80226. Colorado Christian University is a small university located in Lakewood, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,583 students and an admission rate of 32%. Colorado Christian University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated forty-six students in 2008.

Regis University - Denver, CO

Regis University, 3333 Regis Blvd, Denver, CO 80221-1099. Regis University is a large university located in Denver, Colorado. It is a private not-for-profit school with primarily 4-year or above programs. It has 11,238 students and an admission rate of 44%. Regis University has a bachelor's degree and a postbaccalaureate certificate program in Human Resources Management/Personnel Administration which graduated one and two students respectively in 2008.

CERTIFICATIONS

Certified Pension Consultant: The Certified Pension Consultant (CPC) credential is designed for benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning.

For more information, see the American Society of Pension Professionals and Actuaries website.

Qualified 401(k) Administrator: The Qualified 401(k) Administrator (QKA) credential is conferred by ASPPA to retirement plan professionals who work primarily with 401(k) plans.

For more information, see the American Society of Pension Professionals and Actuaries website.

Global Professional in Human Resources: Globalization is the defining political and economic force in the world today.

For more information, see the HR Certification Institute website.

Certified Retirement Specialist: If you are a professional with an interest in issues and opportunities in the 403(b) marketplace, advance your career by obtaining the Certified Retirement Specialist (CRS) designation.

For more information, see the NTSAA (National Tax Sheltered Accounts Association) Educational Institute website.

Skill Analyst Certification: This certification provides analysts with the experience and understanding included with the aspects of job classification and analysis.

For more information, see the SkillsNET website.

Certified Compensation Professional: Recognized as the world's standard since 1976, the Certified Compensation Professional (CCP) designation is known throughout the global rewards community as a mark of expertise and excellence in all areas of compensation.

For more information, see the WorldAtWork website.

Certified Benefits Professional: Designed for today's dynamic benefits environment, the Certified Benefits Professional (CBP) program provides solid strategies and understanding.

For more information, see the WorldAtWork website.

LOCATION INFORMATION: Arvada, Colorado

Arvada, Colorado
Arvada, Colorado photo by Lordkinbote

Arvada is situated in Jefferson County, Colorado. It has a population of over 107,361, which has grown by 5.1% over the last ten years. The cost of living index in Arvada, 96, is near the national average. New single-family homes in Arvada are priced at $252,600 on average, which is above the state average. In 2008, one hundred nineteen new homes were constructed in Arvada, down from one hundred thirty-seven the previous year.

The three most popular industries for women in Arvada are health care, educational services, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and public administration. The average travel time to work is about 26 minutes. More than 29.0% of Arvada residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.5%, is lower than the state average.

The unemployment rate in Arvada is 7.3%, which is greater than Colorado's average of 6.6%.

The percentage of Arvada residents that are affiliated with a religious congregation, 35.5%, is less than both the national and state average. The most prominent religious groups are the Catholic Church, the Charismatic Churches Independent and the LDS (Mormon) Church.

Arvada is home to the Arvada Filtration Plant and the Arvada Plaza as well as McLlvoy Park and Ralston Valley Park. Shopping centers in the area include Arvada Square Shopping Center and North Park Shopping Center.