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Compensation and Benefits Managers
Plan, direct, or coordinate compensation and benefits activities of an organization.
Also Known As:
Benefits Coordinator
Benefits Director
Benefits Manager
Compensation Director
Compensation Manager
Compensation and Benefits Director
Compensation and Benefits Manager
Employee Benefits Coordinator
Employee Benefits Manager
Payroll Manager
Wages
Annual wages for Compensation and Benefits Managers in United States
Job Outlook
Below Average
New job opportunities are less likely in the future
United States
2034 Projected Employment
20,900
0% Change From 2024
Explore Human Resources Managers video
Tasks you might complete in a day.
- 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.
- 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.
- Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
- 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.
- 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.
- Represent organization at personnel-related hearings and investigations.
- 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).
- Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
- Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
- 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.
- 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.
- Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
- Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Negotiate bargaining agreements.
- Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
- Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
- Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
- Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
- 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.
- Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
Subject areas you may need to master.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- 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.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- 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.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- 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.
- 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.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- 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.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- 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.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- 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.
- 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.
- 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.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- 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.
- 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.
- 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.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- 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.
- 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.
- 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.
- 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.
- 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.
Strengths you may need in this role.
- Active Learning - Figuring out how to use new ideas or things.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Time Management - Managing your time and the time of other people.
- Speaking - Talking to others.
- Social Perceptiveness - Understanding people's reactions.
- Persuasion - Talking people into changing their minds or their behavior.
- Negotiation - Bringing people together to solve differences.
- Instructing - Teaching people how to do something.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Writing - Writing things for co-workers or customers.
- 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.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Science - Using scientific rules and strategies to solve problems.
- Technology Design - Making equipment and technology useful for customers.
- Programming - Writing computer programs.
- Reading Comprehension - Reading work-related information.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Mathematics - Using math to solve problems.
- Coordination - Changing what is done based on other people's actions.
- Operation and Control - Using equipment or systems.
- Repairing - Repairing machines or systems using the right tools.
- Quality Control Analysis - Testing how well a product or service works.
- Management of Material Resources - Managing equipment and materials.
- 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.
- 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.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Flexibility of Closure - Seeing hidden patterns.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Sound Localization - Noticing the direction that a sound came from.
- Oral Comprehension - Listening and understanding what people say.
- Oral Expression - Communicating by speaking.
- Spatial Orientation - Knowing where things are around you.
- Finger Dexterity - Putting together small parts with your fingers.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Problem Sensitivity - Noticing when problems happen.
- Selective Attention - Paying attention to something without being distracted.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Near Vision - Seeing details up close.
- Fluency of Ideas - Coming up with lots of ideas.
- Written Comprehension - Reading and understanding what is written.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- 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.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Information Ordering - Ordering or arranging things.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Night Vision - Seeing at night or under low light.
- Speech Clarity - Speaking clearly.
- Trunk Strength - Using your lower back and stomach.
- Speech Recognition - Recognizing spoken words.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Speed of Closure - Quickly knowing what you are looking at.
- Manual Dexterity - Holding or moving items with your hands.
- Stamina - Exercising for a long time without getting out of breath.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Far Vision - Seeing details that are far away.
- Deductive Reasoning - Using rules to solve problems.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Time Sharing - Doing two or more things at the same time.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- 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.
- Memorization - Remembering words, numbers, pictures, or steps.
- Written Expression - Communicating by writing.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Category Flexibility - Grouping things in different ways.
- Visualization - Imagining how something will look after it is moved around or changed.
Average Education Attained
Highest level of education earned by people in this career.
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Content sourced from United States Department of Labor Employment and Training Administration ("DOLETA") and the Minnesota Department of Employment & Economic Development ("DEED")