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

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

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

Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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.
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.
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.
Law and Government
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Food Production
- Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
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.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
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.
Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
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.
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.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
Economics and Accounting
- Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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.
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.
Biology
- Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
Telecommunications
- Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
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.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
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.
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.
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.
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.
Sociology and Anthropology
- Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
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.
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.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
English Language
- Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
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.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

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:

Leadership Orientation
Cautiousness
Integrity
Attention to Detail
Dependability
Cooperation

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
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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