Compensation and Benefits Managers


Also called : Benefits Coordinator, Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Director, Employee Benefits Ma

What they do


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

On the job, one would


  • Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.

  • 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.

  • Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).

  • Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.

KNOWLEDGE


  • 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.

  • 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.

  • English Language
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

  • 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.

SKILLS


  • Active Listening
    Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

  • Reading Comprehension
    Understanding written sentences and paragraphs in work-related documents.

  • Speaking
    Talking to others to convey information effectively.

  • 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.

ABILITIES


  • Oral Comprehension
    The ability to listen to and understand information and ideas presented through spoken words and sentences.

  • Oral Expression
    The ability to communicate information and ideas in speaking so others will understand.

  • Written Comprehension
    The ability to read and understand information and ideas presented in writing.

  • Written Expression
    The ability to communicate information and ideas in writing so others will understand.

  • Speech Clarity
    The ability to speak clearly so others can understand you.

PERSONALITY

People interested in this work, will do well at jobs that need;

  • Integrity
    Job requires being honest and ethical.

  • Attention to Detail
    Job requires being careful about detail and thorough in completing work tasks.

  • Analytical Thinking
    Job requires analyzing information and using logic to address work-related issues and problems.

  • Dependability
    Job requires being reliable, responsible, and dependable, and fulfilling obligations.

  • Initiative
    Job requires a willingness to take on responsibilities and challenges.

  • Self-Control
    Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.

  • Stress Tolerance
    Job requires accepting criticism and dealing calmly and effectively with high-stress situations.

  • Cooperation
    Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.

  • Leadership
    Job requires a willingness to lead, take charge, and offer opinions and direction.

  • Concern for Others
    Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.

TECHNOLOGY

  • Accounting software

  • Analytical or scientific software

  • Cloud-based data access and sharing 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

EDUCATION AND TRAINING

  • Preparation

    Considerable Preparation Needed

  • Education

    Four-year bachelor degree

  • Experience

    A considerable amount of work-related skill, knowledge, or experience is needed for these occupation

  • Jobtraining

    Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

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