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Compensation and Benefits Managers

It's a bright outlook for

This career will grow rapidly in the next few years.

Learn more about what they do.

Plan, direct, or coordinate compensation and benefits activities of an organization.

Related: Compensation, Benefits, & Job Analysis Specialists Financial Managers Human Resources Managers Human Resources Specialists Labor Relations Specialists

Industries: Management Finance & Insurance Professional, Science, & Technical

Summary
Details

Prepare budgets for personnel operations.
Analyze statistical data and reports to identify and determine causes of personnel problems, and develop recommendations for improvement of organization's personnel policies and practices.
Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
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.
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
Represent organization at personnel-related hearings and investigations.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
Negotiate bargaining agreements.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Prepare personnel forecasts to project employment needs.
Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.

Management of Material Resources
- Managing equipment and materials.
Technology Design
- Making equipment and technology useful for customers.
Installation
- Installing equipment, machines, wiring, or computer programs.
Troubleshooting
- Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
Quality Control Analysis
- Testing how well a product or service works.
Management of Personnel Resources
- Selecting and managing the best workers for a job.
Judgment and Decision Making
- Thinking about the pros and cons of different options and picking the best one.
Speaking
- Talking to others.
Science
- Using scientific rules and strategies to solve problems.
Negotiation
- Bringing people together to solve differences.
Service Orientation
- Looking for ways to help people.
Operation and Control
- Using equipment or systems.
Active Listening
- Listening to others, not interrupting, and asking good questions.
Learning Strategies
- Using the best training or teaching strategies for learning new things.
Equipment Selection
- Deciding what kind of tools and equipment are needed to do a job.
Programming
- Writing computer programs.
Reading Comprehension
- Reading work-related information.
Active Learning
- Figuring out how to use new ideas or things.
Critical Thinking
- Thinking about the pros and cons of different ways to solve a problem.
Time Management
- Managing your time and the time of other people.
Mathematics
- Using math to solve problems.
Persuasion
- Talking people into changing their minds or their behavior.
Instructing
- Teaching people how to do something.
Systems Evaluation
- Measuring how well a system is working and how to improve it.
Operations Monitoring
- Watching gauges, dials, or display screens to make sure a machine is working.
Systems Analysis
- Figuring out how a system should work and how changes in the future will affect it.
Repairing
- Repairing machines or systems using the right tools.
Operations Analysis
- Figuring out what a product or service needs to be able to do.
Equipment Maintenance
- Planning and doing the basic maintenance on equipment.
Writing
- Writing things for co-workers or customers.
Monitoring
- Keeping track of how well people and/or groups are doing in order to make improvements.
Social Perceptiveness
- Understanding people's reactions.
Coordination
- Changing what is done based on other people's actions.
Complex Problem Solving
- Noticing a problem and figuring out the best way to solve it.
Management of Financial Resources
- Making spending decisions and keeping track of what is spent.

Multilimb Coordination
- Using your arms and/or legs together while sitting, standing, or lying down.
Visualization
- Imagining how something will look after it is moved around or changed.
Gross Body Coordination
- Moving your arms, legs, and mid-section together while your whole body is moving.
Problem Sensitivity
- Noticing when problems happen.
Selective Attention
- Paying attention to something without being distracted.
Finger Dexterity
- Putting together small parts with your fingers.
Written Comprehension
- Reading and understanding what is written.
Visual Color Discrimination
- Noticing the difference between colors, including shades and brightness.
Sound Localization
- Noticing the direction that a sound came from.
Trunk Strength
- Using your lower back and stomach.
Stamina
- Exercising for a long time without getting out of breath.
Auditory Attention
- Paying attention to one sound while there are other distracting sounds.
Reaction Time
- Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
Control Precision
- Quickly changing the controls of a machine, car, truck or boat.
Explosive Strength
- Jumping, sprinting, or throwing something.
Near Vision
- Seeing details up close.
Spatial Orientation
- Knowing where things are around you.
Speech Clarity
- Speaking clearly.
Peripheral Vision
- Seeing something to your side when your are looking ahead.
Depth Perception
- Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
Fluency of Ideas
- Coming up with lots of ideas.
Mathematical Reasoning
- Choosing the right type of math to solve a problem.
Speed of Limb Movement
- Quickly moving your arms and legs.
Hearing Sensitivity
- Telling the difference between sounds.
Originality
- Creating new and original ideas.
Number Facility
- Adding, subtracting, multiplying, or dividing.
Static Strength
- Lifting, pushing, pulling, or carrying.
Manual Dexterity
- Holding or moving items with your hands.
Wrist-Finger Speed
- Making fast, simple, repeated movements of your fingers, hands, and wrists.
Dynamic Flexibility
- Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
Dynamic Strength
- Exercising for a long time without your muscles getting tired.
Oral Comprehension
- Listening and understanding what people say.
Speed of Closure
- Quickly knowing what you are looking at.
Arm-Hand Steadiness
- Keeping your arm or hand steady.
Oral Expression
- Communicating by speaking.
Information Ordering
- Ordering or arranging things.
Perceptual Speed
- Quickly comparing groups of letters, numbers, pictures, or other things.
Extent Flexibility
- Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
Night Vision
- Seeing at night or under low light.
Glare Sensitivity
- Seeing something even if there is a glare or very bright light.
Memorization
- Remembering words, numbers, pictures, or steps.
Time Sharing
- Doing two or more things at the same time.
Flexibility of Closure
- Seeing hidden patterns.
Rate Control
- Changing when and how fast you move based on how something else is moving.
Written Expression
- Communicating by writing.
Category Flexibility
- Grouping things in different ways.
Response Orientation
- Quickly deciding if you should move your hand, foot, or other body part.
Far Vision
- Seeing details that are far away.
Speech Recognition
- Recognizing spoken words.
Deductive Reasoning
- Using rules to solve problems.
Inductive Reasoning
- Making general rules or coming up with answers from lots of detailed information.
Gross Body Equilibrium
- Keeping your balance or staying upright.

Building and Construction
- Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
Public Safety and Security
- Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Foreign Language
- Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
Customer and Personal Service
- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Chemistry
- Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
Education and Training
- Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Philosophy and Theology
- Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
Communications and Media
- Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
Medicine and Dentistry
- Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Geography
- Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
Therapy and Counseling
- Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
Administration and Management
- Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
Administrative
- Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
English Language
- Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Engineering and Technology
- Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
Physics
- Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
Personnel and Human Resources
- Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Psychology
- Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
Sales and Marketing
- Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.

Education

Bachelor's degree

Work Experience

5 years or more work experience

Training

No on-the-job training

Education and Training Opportunities

Washington Annual Salary

206320/yr

Washington Hourly Wage

99.19/hr

Currently Employed

640

Yearly Projected Openings

Enterprising: 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

Desktop calculator
Desktop computers
High capacity removable media drives
Liquid crystal display projector
Notebook computers
Personal computers
Personal digital assistant PDAs or organizers
Photocopiers
Read write digital versatile disc DVD
Scanners
Tablet computers

Accounting software
Analytical or scientific software
Cloud-based data access and sharing software
Data base reporting software
Data base user interface and query software
Desktop publishing software
Document management software
Electronic mail software
Enterprise resource planning ERP software
Graphics or photo imaging software
Human resources software
Internet browser software
Medical software
Office suite software
Presentation software
Process mapping and design software
Project management software
Spreadsheet software
Video creation and editing software
Web page creation and editing software
Word processing software

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Compensation and Benefits Managers

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