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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

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.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
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.
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.
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).
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.
Represent organization at personnel-related hearings and investigations.
Prepare budgets for personnel operations.
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).
Negotiate bargaining agreements.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
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.
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.
Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
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.
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.
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.

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

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

Design
- Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
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.
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.
Fine Arts
- Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
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.
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.
Mathematics
- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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.
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.
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.
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.
Production and Processing
- Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
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.
Transportation
- Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
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.
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.
History and Archeology
- Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
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.
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.
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.
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.
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.
Computers and Electronics
- Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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.
Mechanical
- Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
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.
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.

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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