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Career and Education Opportunities for Compensation / Benefits Specialists in Minneapolis, Minnesota

There are many career and education opportunities for compensation / benefits specialists in the Minneapolis, Minnesota area. About 2,390 people are currently employed as compensation / benefits specialists in Minnesota. By 2016, this is expected to grow 20% to about 2,850 people employed. 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.

A person working as a compensation / benefits specialist can expect to earn about $25 hourly or $53,870 per year on average in Minnesota and about $25 per hour or $53,860 yearly on average in the U.S. as a whole. Compensation / benefits specialists earn less than people working in the category of Human Resources generally in Minnesota and less than people in the Human Resources category nationally. Jobs in this field include: benefits coordinator, benefits representative, and human resources representative.

The Minneapolis area is home to eighty schools of higher education, including eleven within twenty-five miles of Minneapolis where you can get a degree as a compensation / benefits specialist. Compensation / benefits specialists usually hold a Bachelor's degree, so 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 Minneapolis 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

Saint Paul College - A Community and Technical College - Saint Paul, MN

Saint Paul College - A Community and Technical College, 235 Marshall Ave, Saint Paul, MN 55102-9808. Saint Paul College - A Community and Technical College is a medium sized college located in Saint Paul, Minnesota. It is a public school with primarily 2-year programs and has 5,388 students. Saint Paul College - A Community and Technical College has a less than one year and an associate's degree program in Human Resources Management/Personnel Administration which graduated two and six students respectively in 2008.

University of St Thomas - Saint Paul, MN

University of St Thomas, 2115 Summit Ave, Saint Paul, MN 55105-1078. University of St Thomas is a large university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,960 students and an admission rate of 81%. University of St Thomas has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated one and fourteen students respectively in 2008.

Metropolitan State University - Saint Paul, MN

Metropolitan State University, 700 E Seventh St, Saint Paul, MN 55106-5000. Metropolitan State University is a medium sized university located in Saint Paul, Minnesota. It is a public school with primarily 4-year or above programs. It has 6,909 students and an admission rate of 53%. Metropolitan State University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated twenty-six students in 2008.

Capella University - Minneapolis, MN

Capella University, 225 South 6th Street, 9th Floor, Minneapolis, MN 55402-3389. Capella University is a large university located in Minneapolis, Minnesota. It is a private for-profit school with primarily 4-year or above programs. It has 23,733 students and an admission rate of 100%. Capella University has bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree programs in Human Resources Management/Personnel Administration which graduated twenty-eight, nine, sixty-eight, and nine students respectively in 2008.

Inver Hills Community College - Inver Grove Heights, MN

Inver Hills Community College, 2500 80th St E, Inver Grove Heights, MN 55076-3224. Inver Hills Community College is a medium sized college located in Inver Grove Heights, Minnesota. It is a public school with primarily 2-year programs and has 5,608 students. Inver Hills Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated eight students in 2008.

Bethel University - Saint Paul, MN

Bethel University, 3900 Bethel Dr, Saint Paul, MN 55112-6902. Bethel University is a small university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,337 students and an admission rate of 81%. Bethel University has a bachelor's degree and a postbaccalaureate certificate program in Human Resources Management/Personnel Administration which graduated twenty and three students respectively in 2008.

Walden University - Minneapolis, MN

Walden University, 155 Fifth Ave S, Suite 100, Minneapolis, MN 55401. Walden University is a large university located in Minneapolis, Minnesota. It is a private for-profit school with primarily 4-year or above programs and has 34,907 students. Walden University has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated thirty-nine and 106 students respectively in 2008.

Concordia University-Saint Paul - Saint Paul, MN

Concordia University-Saint Paul, 275 Syndicate Street North, Saint Paul, MN 55104-5494. Concordia University-Saint Paul is a small university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,644 students and an admission rate of 59%. Concordia University-Saint Paul has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated thirty-five and fourteen students respectively in 2008.

University of Minnesota-Twin Cities - Minneapolis, MN

University of Minnesota-Twin Cities, 100 Church Street SE, Minneapolis, MN 55455-0213. University of Minnesota-Twin Cities is a large university located in Minneapolis, Minnesota. It is a public school with primarily 4-year or above programs. It has 51,140 students and an admission rate of 53%. University of Minnesota-Twin Cities has 2 areas of study related to Compensation / Benefits Specialist. They are:

  • Human Resources Management/Personnel Administration, less than one year, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated forty-four, four, thirty-five, and thirty-nine students respectively in 2008.
  • Labor and Industrial Relations, bachelor's degree, master's degree, and doctor's degree which graduated three, 107, and four students respectively in 2008.

Normandale Community College - Bloomington, MN

Normandale Community College, 9700 France Ave S, Bloomington, MN 55431. Normandale Community College is a medium sized college located in Bloomington, Minnesota. It is a public school with primarily 2-year programs and has 9,478 students. Normandale Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated five students in 2008.

DeVry University-Minnesota - St Louis Park, MN

DeVry University-Minnesota, 400 Hwy 169 S, Ste 100, St Louis Park, MN 55426. DeVry University-Minnesota is a small university located in St Louis Park, Minnesota. It is a private for-profit school with primarily 4-year or above programs. It has 316 students and an admission rate of 95%. DeVry University-Minnesota has a master's degree program in Human Resources Management/Personnel Administration which graduated two students 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: Minneapolis, Minnesota

Minneapolis, Minnesota
Minneapolis, Minnesota photo by BenFranske

Minneapolis is situated in Hennepin County, Minnesota. It has a population of over 382,605. The cost of living index in Minneapolis, 101, is near the national average. New single-family homes in Minneapolis are priced at $451,300 on average, which is far greater than the state average. In 2008, forty-five new homes were constructed in Minneapolis, down from one hundred fifteen the previous year.

The top three industries for women in Minneapolis are health care, educational services, and accommodation and food services. For men, it is educational services, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 22 minutes. More than 37.4% of Minneapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.1%, is higher than the state average.

The unemployment rate in Minneapolis is 7.0%, which is the same as Minnesota's average of 7.0%.

The percentage of Minneapolis residents that are affiliated with a religious congregation, 57.7%, is more than the national average but less than the state average. The largest religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the United Methodist Church.

Minneapolis is home to the Saint Josephs Orphanage and the Hiawatha Municipal Golf Course as well as Beards Plaisance and Mississippi Park. Visitors to Minneapolis can choose from COE Mansion Carriage House, Radisson Hotel Metrodome and Best Western Kelly Inn for temporary stays in the area.