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Compensation and Benefits Managers

  • Business, Management and Administration

Tasks

What tasks do Compensation and Benefits Managers perform?

  • 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.


Knowledge

What do Compensation and Benefits Managers need to know?

  • 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.

  • English Language

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

  • 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.


Skills

What skills do Compensation and Benefits Managers need?

  • Reading Comprehension

    Understanding written sentences and paragraphs in work-related documents.

  • 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.

  • Writing

    Communicating effectively in writing as appropriate for the needs of the audience.



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Data on career profiles are based on information supplied by the O*NET Program, sponsored by U.S. Department of Labor, Employment, and Training Administration.