Job Description
Compensation professionals always seem to be in demand, regardless of what’s happening in the economy, and there always seems to be a shortage of well-qualified people in this area. The job requires strong technical skills as well as good people skills – a rare combination.

Compensation professionals design reward systems that help companies attract, retain and motivate their employees. This work requires number crunching and creativity. Because compensation packages are not one-size-fits-all products, people in this area need to think outside the box and be able to perform a little magic when both candidates and money are scarce. Consider the following questions:

• Am I a detail-oriented person?
• Do I have an aptitude for numbers?
• Am I comfortable seeing other people’s salaries?
• Do I have strong communication skills?

Median Salary
$52,000

Education Requirements
The educational backgrounds of Compensation Professionals vary considerably, reflecting the diversity of duties and levels of responsibility. In filling entry-level jobs, many employers seek college graduates who have majored in human resources, human resources administration, or industrial and labor relations. Other employers look for college graduates with a technical or business background or a well-rounded liberal arts education.

Job Outlook
Employment of Compensation Professionals is expected to grow faster than the average for all occupations. College graduates who have earned certification should have the best job opportunities. Overall employment is projected to grow by 17 percent between 2006 and 2016, faster than the average for all occupations.