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Compensation & Benefits Managers

Also called: Benefits Manager, Compensation Manager, Human Resources Director, Compensation and Benefits Manager

Where in the military? In the military: see titles from the Coast Guard or Navy.

What they do:
Plan, direct, or coordinate compensation and benefits activities of an organization.
On the job, you would:
  • Design, evaluate and modify benefits policies to ensure that programs are current, competitive and in compliance with legal requirements.
  • Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
  • Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).

Knowledge

Business
  • human resources (HR)
  • management
Arts and Humanities
  • English language
Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
Safety and Government
  • law and government

Skills

Basic Skills
  • listening to others, not interrupting, and asking good questions
  • reading work related information
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it
Problem Solving
  • noticing a problem and figuring out the best way to solve it

Abilities

Verbal
  • communicate by speaking
  • communicate by writing
Math
  • add, subtract, multiply, or divide
  • choose the right type of math to solve a problem
Ideas and Logic
  • notice when problems happen
  • use rules to solve problems

Personality

People interested in this work like activities that include leading, making decisions, and business.
They do well at jobs that need:
  • Integrity
  • Attention to Detail
  • Analytical Thinking
  • Cooperation
  • Dependability
  • Initiative

Technology

You might use software like this on the job:

Human resources software
  • Blue Chip Computer Consultants HumaNET
  • hSenid Business Solutions HRM Enterprise
Project management software
  • Experience in Software Webplanner
  • Microsoft Project
Enterprise resource planning ERP software
  • Microsoft Great Plains software
  • Oracle JD Edwards EnterpriseOne

Education

Education: (rated 4 of 5)
bachelor's degree or
master's degree
usually needed

Get started on your career:

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Job Outlook

Below Average Outlook
New job opportunities are less likely in the future.
Salary
$95,250
per year, on average
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See more details at O*NET OnLine about compensation and benefits managers.