Compensation & Benefits Managers
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
- SAP software
- Workday software
Presentation software
- Microsoft PowerPoint
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
master's degree
usually needed
Job Outlook
Below Average
New job opportunities are less likely in the future.
Explore More
- Compensation, Benefits, & Job Analysis Specialists
- Financial Managers
- Human Resources Managers
- Human Resources Specialists
- Labor Relations Specialists
You might like a career in one of these industries:
See more details at O*NET OnLine about compensation and benefits managers.