Plan, direct, or coordinate compensation and benefits activities of an organization.
Overview
Tasks
Skills
Median Annual Wage: $108,070
Education: Bachelor's degree (71%); Post-baccalaureate certificate (19%); Some college, no degree (5%)
Projected Growth: Slower than average (3% to 7%)
Related Job Titles: Benefits Manager; Office Manager; Business Manager; Compensation Manager; Human Resources Director; Compensation and Benefits Manager; Benefits Coordinator; Compensation Director; Corporate Controller; Director of Compensation
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Identify and implement benefits to increase the quality of life for employees, by working with brokers and researching benefits issues.
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
Prepare budgets for personnel operations.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
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.
Maintain records and compile statistical reports concerning personnel-related data such as hires, transfers, performance appraisals, and absenteeism rates.
Speaking - Talking to others to convey information effectively.
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Time Management - Managing one's own time and the time of others.
Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.