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Career and Education Opportunities for Compensation / Benefits Specialists in Durham, North Carolina

If you want to be a compensation / benefits specialist, the Durham, North Carolina area offers many opportunities both for education and employment. There are currently 3,880 working compensation / benefits specialists in North Carolina; this should grow by 25% to 4,840 working compensation / benefits specialists in the state by 2016. This is better than the nation as a whole, where employment opportunities for compensation / benefits specialists are expected to grow by about 23.6%. In general, compensation / benefits specialists conduct programs of compensation and benefits and job analysis for employer.

Compensation / benefits specialists earn approximately $24 per hour or $50,530 annually on average in North Carolina. Nationally they average about $25 per hour or $53,860 yearly. Earnings for compensation / benefits specialists are not quite as good as earnings in the general category of Human Resources in North Carolina and not quite as good as general Human Resources category earnings nationally. People working as compensation / benefits specialists can fill a number of jobs, such as: wage conciliator, compensation and benefits analyst, and wage analyst.

There are twenty-six schools of higher education in the Durham area, including five within twenty-five miles of Durham 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 training to become 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 Durham 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

University of North Carolina at Chapel Hill - Chapel Hill, NC

University of North Carolina at Chapel Hill, 103 South Bldg Cb 9100, Chapel Hill, NC 27599. University of North Carolina at Chapel Hill is a large university located in Chapel Hill, North Carolina. It is a public school with primarily 4-year or above programs. It has 28,567 students and an admission rate of 35%. University of North Carolina at Chapel Hill has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated eighteen students in 2008.

Peace College - Raleigh, NC

Peace College, 15 E Peace St, Raleigh, NC 27604-1194. Peace College is a small college located in Raleigh, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 713 students and an admission rate of 65%. Peace College has a bachelor's degree program in Human Resources Management/Personnel Administration.

Alamance Community College - Graham, NC

Alamance Community College, 1247 Jimmie Kerr Road, Graham, NC 27253-8000. Alamance Community College is a small college located in Graham, North Carolina. It is a public school with primarily 2-year programs and has 4,607 students. Alamance Community College has a less than one year and an associate's degree program in Human Resources Management/Personnel Administration which graduated two and five students respectively in 2008.

Wake Technical Community College - Raleigh, NC

Wake Technical Community College, 9101 Fayetteville Road, Raleigh, NC 27603-5696. Wake Technical Community College is a large college located in Raleigh, North Carolina. It is a public school with primarily 2-year programs and has 14,839 students. Wake Technical Community College has a less than one year and an associate's degree program in Human Resources Management/Personnel Administration which graduated twelve and sixteen students respectively in 2008.

Meredith College - Raleigh, NC

Meredith College, 3800 Hillsborough St, Raleigh, NC 27607-5298. Meredith College is a small college located in Raleigh, North Carolina. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,250 students and an admission rate of 69%. Meredith College has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated one student 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: Durham, North Carolina

Durham, North Carolina
Durham, North Carolina photo by Specious

Durham is situated in Durham County, North Carolina. It has a population of over 223,284, which has grown by 19.4% over the last ten years. The cost of living index in Durham, 86, is well below the national average. New single-family homes in Durham are valued at $187,200 on average, which is well above the state average. In 2008, 1,082 new homes were built in Durham, down from 1,574 the previous year.

The three most popular industries for women in Durham are health care, educational services, and professional, scientific, and technical services. For men, it is construction, educational services, and health care. The average commute to work is about 21 minutes. More than 41.8% of Durham residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 18.3%, is higher than the state average.

The unemployment rate in Durham is 7.3%, which is less than North Carolina's average of 10.6%.

The percentage of Durham residents that are affiliated with a religious congregation, 39.3%, is less than both the national and state average. Laymans Church, Holy Infant Church and Homestead Heights Church are among the churches located in Durham. The most prominent religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.

Durham is home to the Hope Valley Country Club and the Union Building as well as Durham County Stadium and Northgate Park. Shopping centers in the area include South Square Mall, Lakewood Shopping Center and Kings Plaza Shopping Center. Visitors to Durham can choose from Brownestone Inn, Durham-Days Inn ) and Hilton Durham for temporary stays in the area.