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Compensation and Benefits Manager

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AVG. SALARY

$117,470

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Stable

What They Do

Compensation and Benefits Managers Career Video

About This Career

Plans, directs, or coordinates compensation and benefits activities of an organization.

This career is part of the Business Management and Administration cluster Human Resources Management pathway.

A person in this career:

  • Directs preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
  • Designs, evaluates, and modifies benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
  • Fulfills all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
  • Analyzes compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
  • 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.
  • Mediates between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
  • 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.
  • Prepares detailed job descriptions and classification systems and defines job levels and families, in partnership with other managers.

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 Coordinator
  • Compensation Director
  • Employee Benefits Coordinator
  • Benefits Director — Responsible for completing all required paperwork needed to enroll and maintain qualified employees in the various benefits programs offered.
  • Employee Benefits Manager
  • Payroll Manager
  • Compensation and Benefits Director

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.