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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

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

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

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

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

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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ADDITIONAL RESOURCES