How to become a Compensation and Benefits Manager 2024

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

Compensation and Benefits Manager is Also Know as

In different settings, Compensation and Benefits Manager is titled as

Benefits Coordinator
Benefits Director
Benefits Manager
Compensation and Benefits Director
Compensation and Benefits Manager
Compensation Director
Compensation Manager
Employee Benefits Coordinator
Employee Benefits Manager
Payroll Manager

Education and Training of Compensation and Benefits Manager

Compensation and Benefits Manager is categorized in Job Zone Four: Considerable Preparation Needed

Experience Required for Compensation and Benefits Manager

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education Required for Compensation and Benefits Manager

Most of these occupations require a four-year bachelor's degree, but some do not.

Degrees Related to Compensation and Benefits Manager

Training Required for Compensation and Benefits Manager

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

Related Ocuupations

Some Ocuupations related to Compensation and Benefits Manager in different industries are

What Do Compensation and Benefits Manager do?

Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
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.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
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.
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.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Negotiate bargaining agreements.
Investigate and report on industrial accidents for insurance carriers.
Represent organization at personnel-related hearings and investigations.
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
Prepare budgets for personnel operations.
Prepare personnel forecasts to project employment needs.
Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.

Qualities of Good Compensation and Benefits Manager

Written Comprehension: The ability to read and understand information and ideas presented in writing.
Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
Written Expression: The ability to communicate information and ideas in writing so others will understand.
Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
Speech Clarity: The ability to speak clearly so others can understand you.
Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
Speech Recognition: The ability to identify and understand the speech of another person.
Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
Near Vision: The ability to see details at close range (within a few feet of the observer).
Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
Far Vision: The ability to see details at a distance.
Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
Sound Localization: The ability to tell the direction from which a sound originated.
Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
Night Vision: The ability to see under low-light conditions.
Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.
Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
Speed of Limb Movement: The ability to quickly move the arms and legs.
Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.

Tools Used by Compensation and Benefits Manager

10-key calculators
Desktop computers
Laptop computers
Liquid crystal display LCD video projectors
Notebook computers
Optical disk drives
Personal computers
Personal digital assistants PDA
Photocopying equipment
Scanners
Tablet computers
Universal serial bus USB flash drives

Technology Skills required for Compensation and Benefits Manager

!Trak-it Solutions !Trak-it HR
Adobe Dreamweaver
Adobe Illustrator
Adobe PageMaker
Adobe Photoshop
ADP Employease
ADP HR/Benefits Solution
ADP Workforce Now
AdRelevance
Apex Business Software iHR
Apple iMovie
Ascentis HR
ASL HR Director
Asure Software HCM
Atlas Business Solutions Staff Files
Auxillium West HRnetSource
Blue Chip Computer Consultants HumaNET
Brainworks
Business analysis software
Ceridian Dayforce enterprise HCM
Consultants in Data Processing HRnet
Datamatics V-Core HR
Deltek Costpoint
DenoSys HRiStragegy
Document management system software
e-MDs Bill
Enterprise resource planning ERP software
Experience in Software Webplanner
FSC Business Solutions Department Managers' Toolkit
Genesys PeopleComeFirst
Global Groupware Solutions Limited Smiles ERM On-Demand
HarrisData Human Resources Information System HRIS
Healthcare common procedure coding system HCPCS
HR-ease
HRMS Solutions iVantage
hSenid Business Solutions HRM Enterprise
Human resource information system (HRIS)
Human resource management software HRMS
Humanic Design Human Resources Management System
IBM Notes
iEmployee
Intuit QuickBooks
Jenss & Associates CompKeeper
Lawson Human Resource Management
LinkedIn
Microsoft Access
Microsoft Dynamics GP
Microsoft Dynamics Marketing
Microsoft Excel
Microsoft Office software
Microsoft Outlook
Microsoft PowerPoint
Microsoft Project
Microsoft SharePoint
Microsoft SQL Server
Microsoft Visio
Microsoft Word
NOW Solutions emPath
Nuview Systems Cort HCM
NuView Systems NuViewHR
Oracle E-Business Suite
Oracle HRIS
Oracle Hyperion
Oracle JD Edwards EnterpriseOne
Oracle PeopleSoft
OrangeHRM
PaloAlto Advertising Plan Pro
PDS Vista
People-Trak HR Essentials
PerfectSoftware PerfectHR
Piney Creek Digital Protocol System
PSTek
Quadkey HR Server
Quark enterprise publishing software
Relex Weibull
Sage HRMS
Saigun Technologies EmpXtrack
SAP software
Sentient Online MarketPrice
Structured query language SQL
Trigon Road Forte Leave Management
UCN inContact Workforce Management Software WFM
Ultimate Software UltiPro
Vantage Point Software HRA
Web browser software
Workday software

US Universities

How to become Compensation and Benefits Manager in 2024