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Career and Education Opportunities for Compensation / Benefits Specialists in Naperville, Illinois

If you want to be a compensation / benefits specialist, the Naperville, Illinois area offers many opportunities both for education and employment. There are currently 5,730 working compensation / benefits specialists in Illinois; this should grow 21% to 6,940 working compensation / benefits specialists in the state by 2016. This is not quite as good as 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 $27 hourly or $57,740 yearly on average in Illinois. Nationally they average about $25 per hour or $53,860 yearly. Compared with people working in the overall category of Human Resources, people working as compensation / benefits specialists in Illinois earn less. They earn less than people working in the overall category of Human Resources nationally. Compensation / benefits specialists work in a variety of jobs, including: compensation coordinator, wage and salary specialist, and occupational analyst.

There are 166 schools of higher education in the Naperville area, including twenty within twenty-five miles of Naperville 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. You can expect to spend about four years studying 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 Naperville 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.
  • Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
  • 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

Judson University - Elgin, IL

Judson University, 1151 N State St, Elgin, IL 60123-1498. Judson University is a small university located in Elgin, Illinois. It is a private not-for-profit school with primarily 4-year or above programs and has 1,226 students. Judson University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated four students in 2008.

American Intercontinental University Online - Hoffman Estates, IL

American Intercontinental University Online, 5550 Prairie Stone Pky-Ste 400, Hoffman Estates, IL 60192. American Intercontinental University Online is a large university located in Hoffman Estates, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 22,963 students and an admission rate of 45%. American Intercontinental University Online has associate's degree, bachelor's degree, and master's degree programs in Human Resources Management/Personnel Administration which graduated 224, 325, and 188 students respectively in 2008.

DePaul University - Chicago, IL

DePaul University, 55 E Jackson, Chicago, IL 60604. DePaul University is a large university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs and has 22,554 students. DePaul University has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated zero and eleven students respectively in 2008.

Ellis University - Chicago, IL

Ellis University, 111 N Canal St Ste 380, Chicago, IL 60606. Ellis University is a small university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs and has 2,692 students. Ellis University has a master's degree program in Human Resources Management/Personnel Administration.

Roosevelt University - Chicago, IL

Roosevelt University, 430 S Michigan Ave, Chicago, IL 60605-1394. Roosevelt University is a medium sized university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,708 students and an admission rate of 43%. Roosevelt University has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration.

University of St Francis - Joliet, IL

University of St Francis, 500 N Wilcox St, Joliet, IL 60435-6188. University of St Francis is a small university located in Joliet, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,334 students and an admission rate of 60%. University of St Francis has a bachelor's degree program in Human Resources Management/Personnel Administration.

DeVry University-Illinois - Chicago, IL

DeVry University-Illinois, 3300 N Campbell Ave, Chicago, IL 60618. DeVry University-Illinois is a large university located in Chicago, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 19,417 students and an admission rate of 92%. DeVry University-Illinois has a master's degree program in Human Resources Management/Personnel Administration which graduated 176 students in 2008.

North Central College - Naperville, IL

North Central College, 30 N Brainard St, Naperville, IL 60540. North Central College is a small college located in Naperville, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,726 students and an admission rate of 69%. North Central College has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated one student in 2008.

Harper College - Palatine, IL

Harper College, 1200 W Algonquin Rd, Palatine, IL 60067-7398. Harper College is a large college located in Palatine, Illinois. It is a public school with primarily 2-year programs and has 15,250 students. Harper College has a less than one year program in Human Resources Management/Personnel Administration which graduated four students in 2008.

National-Louis University - Chicago, IL

National-Louis University, 122 S Michigan Ave, Chicago, IL 60603. National-Louis University is a medium sized university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 6,874 students and an admission rate of 56%. National-Louis University has a master's degree program in Human Resources Management/Personnel Administration which graduated thirty-three students in 2008.

Oakton Community College - Des Plaines, IL

Oakton Community College, 1600 E Golf Rd., Des Plaines, IL 60016-1268. Oakton Community College is a large college located in Des Plaines, Illinois. It is a public school with primarily 2-year programs and has 10,552 students. Oakton Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated seven students in 2008.

Moraine Valley Community College - Palos Hills, IL

Moraine Valley Community College, 9000 W. College Parkway, Palos Hills, IL 60465-0937. Moraine Valley Community College is a large college located in Palos Hills, Illinois. It is a public school with primarily 2-year programs and has 17,477 students. Moraine Valley Community College has a one to two year and an associate's degree program in Human Resources Management/Personnel Administration which graduated one and two students respectively in 2008.

Saint Xavier University - Chicago, IL

Saint Xavier University, 3700 W 103rd St, Chicago, IL 60655. Saint Xavier University is a medium sized university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,307 students and an admission rate of 71%. Saint Xavier University has a master's degree program in Human Resources Management/Personnel Administration.

Lewis University - Romeoville, IL

Lewis University, One University Parkway, Romeoville, IL 60446-2200. Lewis University is a medium sized university located in Romeoville, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,536 students and an admission rate of 71%. Lewis University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated three students in 2008.

Northwestern University - Evanston, IL

Northwestern University, 633 Clark St, Evanston, IL 60208. Northwestern University is a large university located in Evanston, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 20,128 students and an admission rate of 27%. Northwestern University has 2 areas of study related to Compensation / Benefits Specialist. They are:

  • Human Resources Management/Personnel Administration, master's degree which graduated 2 students in 2008.
  • Labor and Industrial Relations, master's degree.

Joliet Junior College - Joliet, IL

Joliet Junior College, 1215 Houbolt Rd, Joliet, IL 60431-8938. Joliet Junior College is a large college located in Joliet, Illinois. It is a public school with primarily 2-year programs and has 14,088 students. Joliet Junior College has a less than one year and a one to two year program in Human Resources Management/Personnel Administration which graduated five and four students respectively in 2008.

North Park University - Chicago, IL

North Park University, 3225 W Foster Ave, Chicago, IL 60625-4895. North Park University is a small university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,255 students and an admission rate of 30%. North Park University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated two students in 2008.

Triton College - River Grove, IL

Triton College, 2000 5th Ave, River Grove, IL 60171-1995. Triton College is a large college located in River Grove, Illinois. It is a public school with primarily 2-year programs and has 15,547 students. Triton College has a less than one year and an associate's degree program in Human Resources Management/Personnel Administration which graduated four and six students respectively in 2008.

Illinois Institute of Technology - Chicago, IL

Illinois Institute of Technology, 3300 S Federal St, Chicago, IL 60616. Illinois Institute of Technology is a medium sized school located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,404 students and an admission rate of 57%. Illinois Institute of Technology has a master's degree program in Human Resources Management/Personnel Administration which graduated seven students in 2008.

Loyola University Chicago - Chicago, IL

Loyola University Chicago, 820 N. Michigan, Chicago, IL 60611-9810. Loyola University Chicago is a large university located in Chicago, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 15,670 students and an admission rate of 74%. Loyola University Chicago has 2 areas of study related to Compensation / Benefits Specialist. They are:

  • Human Resources Management/Personnel Administration, bachelor's degree and master's degree which graduated eight and zero students respectively in 2008.
  • Labor and Industrial Relations, master's degree.

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: Naperville, Illinois

Naperville, Illinois
Naperville, Illinois photo by JohnDBuell

Naperville is located in Dupage County, Illinois. It has a population of over 143,117, which has grown by 11.5% over the last ten years. The cost of living index in Naperville, 107, is above the national average. New single-family homes in Naperville are valued at $401,600 on average, which is far greater than the state average. In 2008, one hundred fifty-four new homes were built in Naperville, down from two hundred eighty-one the previous year.

The top three industries for women in Naperville are educational services, health care, and professional, scientific, and technical services. For men, it is professional, scientific, and technical services, finance and insurance, and construction. The average travel time to work is about 33 minutes. More than 60.6% of Naperville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 23.7%, is higher than the state average.

The unemployment rate in Naperville is 8.1%, which is less than Illinois's average of 10.5%.

The percentage of Naperville residents that are affiliated with a religious congregation, 58.9%, is more than both the national and state average. Saints Peter and Paul Roman Catholic Church, Saint Thomas The Apostle Church and Bethany Church are some of the churches located in Naperville. The most common religious groups are the Catholic Church, the Lutheran Church and the Evangelical Lutheran Church in America.

Naperville is home to the High Grove Business Park and the Spring Brook Golf Course as well as Du Page River Park and Winding Creek Park. Shopping malls in the area include Pebblewood Plaza Shopping Center, Cress Creek Square Shopping Center and Cress Creek Shopping Center. Visitors to Naperville can choose from Fairfield Inn by Marriott, EXEL Inns of Chicago and Country Inn Suites Naperville for temporary stays in the area.