Compensation & Benefits Managers

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Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager

What they do:
Plan, direct, or coordinate compensation and benefits activities of an organization.
On the job, you would:
  • Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
  • Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
  • 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

Ideas and Logic

  • notice when problems happen
  • use rules to solve problems

Math

  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide

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
  • Dependability
  • Initiative
  • Cooperation
  • Leadership

Technology

You might use software like this on the job:

Enterprise resource planning ERP software

  • Oracle PeopleSoft Hot Technology
  • Workday software Hot Technology In Demand

Presentation software

  • Microsoft PowerPoint Hot Technology In Demand

Human resources software

  • Human resource management software HRMS
  • Vantage Point Software HRA

Education

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

Get started on your career:

Find Training
Apprenticeship.gov

Job Outlook

Average
New job opportunities are likely in the future.
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See more details at O*NET OnLine about compensation and benefits managers.