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Compensation and Benefits Managers

Plan, direct, or coordinate compensation and benefits activities of an organization.

What you’d do

  • 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.
  • 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.
  • 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.
  • Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.

Skills that matter

  • Active Listening
  • Reading Comprehension
  • Speaking
  • Writing
  • Critical Thinking
  • Judgment and Decision Making

How to get there

Considerable preparation: most need a four-year bachelor's degree

Also called

  • Benefits Manager
  • Compensation and Benefits Manager
  • Compensation Director
  • Compensation Manager
  • Benefits Coordinator
  • Benefits Director

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