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Compensation & Benefits Managers

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

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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.
  • Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.

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

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
  • Dependability
  • Initiative
  • Self Control

Technology

You might use software like this on the job:

Enterprise resource planning ERP software
  • SAP software 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:

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Job Outlook

Below Average Outlook
New job opportunities are less likely in the future.
Salary
$127,530
$77,040
$208,000+
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See more details at O*NET OnLine about compensation and benefits managers.