Compensation and Benefits Manager What They Do
Just the Facts
Plans, directs, or coordinates compensation and benefits activities and staff of an organization.
This career is part of the Business, Management and Administration cluster Administrative and Information Support pathway.
A person in this career:
- Designs, evaluates and modifies benefits policies to ensure that programs are current, competitive and in compliance with legal requirements.
- Analyzes compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
- Fulfills all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Directs preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
- Administers, directs, and reviews employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
- Plans, directs, supervises, and coordinates work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
- Identifies and implements benefits to increase the quality of life for employees, by working with brokers and researching benefits issues.
- Manages the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
- Prepares detailed job descriptions and classification systems and defines job levels and families, in partnership with other managers.
- Prepares budgets for personnel operations.
Working Conditions and Physical Demands
People who do this job report that:
- You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
- Work in this occupation requires being inside most of the time
- Work in this occupation involves sitting more than one-third of the time
Working in this career involves (physical activities):
- Seeing clearly up close
- Speaking clearly enough to be able to be understood by others
- Identifying and understanding the speech of another person
Work Hours and Travel
- Regular working hours and limited travel
Specialty and Similar Careers
Careers that are more detailed or close to this career:
- Benefits Administrator -- Administers the company's benefits program, which may include offering workers health, dental or vision insurance, retirement plans and flexible spending accounts.
- Human Resources Manager -- Plans, organizes, directs, controls and evaluates the operations of human resources and personnel departments, and develops and implements policies, programs and procedures regarding human resource planning, recruitment, collective bargaining, training an