Compensation & Benefits Managers
Also called: Benefits Manager, Compensation Director, Compensation Manager, Compensation Vice President
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:
Human resources software
- ADP Workforce Now
- Ultimate Software UltiPro
Enterprise resource planning ERP software
- Microsoft Dynamics GP
- SAP
Data base user interface and query software
- Microsoft Access
- Structured query language SQL
Education
bachelor's degree or
master's degree
usually needed
master's degree
usually needed
Job Outlook
New job opportunities are less likely in the future.
$122,270
$69,870
$208,000+
License