What Do Compensation and Benefits Manager Do?
Example of Benefits Manager Job Plan, direct, or coordinate compensation and benefits activities of an organization.
Daily Life Of a Benefits Manager
- Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
- Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
- Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Represent organization at personnel-related hearings and investigations.
- Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
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Benefits Manager Required Skills
When polled, Compensation and Benefits Managers say the following skills are most frequently used in their jobs:
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.
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.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Types of Benefits Manager Jobs
- Benefits Manager
- Employment Advisor
- Wage and Salary Administrator
- Benefits Advisor
- Field Advisor
Are There Job Opportunities for Compensation and Benefits Managers?
In the United States, there were 15,800 jobs for Compensation and Benefits Manager in 2016. New jobs are being produced at a rate of 5.1% which is below the national average. The Bureau of Labor Statistics predicts 800 new jobs for Compensation and Benefits Manager by 2026. Due to new job openings and attrition, there will be an average of 1,200 job openings in this field each year.
The states with the most job growth for Benefits Manager are Utah, Washington, and Arkansas. Watch out if you plan on working in Rhode Island, North Dakota, or New Mexico. These states have the worst job growth for this type of profession.
Benefits Manager Salary
The average yearly salary of a Benefits Manager ranges between $70,560 and $205,470.
Compensation and Benefits Managers who work in Delaware, New Jersey, or Colorado, make the highest salaries.
How much do Compensation and Benefits Managers make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $108,580 |
| Alaska | $101,670 |
| Arizona | $105,980 |
| Arkansas | $103,740 |
| California | $150,480 |
| Colorado | $155,570 |
| Connecticut | $164,240 |
| Delaware | $174,380 |
| District of Columbia | $136,050 |
| Florida | $108,330 |
| Georgia | $125,710 |
| Idaho | $87,100 |
| Illinois | $126,470 |
| Indiana | $102,850 |
| Iowa | $113,390 |
| Kansas | $112,330 |
| Kentucky | $95,820 |
| Louisiana | $84,970 |
| Maine | $106,200 |
| Maryland | $149,160 |
| Massachusetts | $131,250 |
| Michigan | $133,450 |
| Minnesota | $139,350 |
| Mississippi | $86,740 |
| Missouri | $126,480 |
| Nebraska | $118,870 |
| Nevada | $121,620 |
| New Hampshire | $123,170 |
| New Jersey | $174,730 |
| New Mexico | $119,050 |
| New York | $161,950 |
| North Carolina | $128,400 |
| Ohio | $128,020 |
| Oklahoma | $104,800 |
| Oregon | $108,130 |
| Pennsylvania | $144,320 |
| South Carolina | $102,540 |
| Tennessee | $102,550 |
| Texas | $118,400 |
| Utah | $100,330 |
| Virginia | $148,800 |
| Washington | $143,180 |
| West Virginia | $117,970 |
| Wisconsin | $114,280 |
What Tools & Technology do Compensation and Benefits Managers Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Compensation and Benefits Managers:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- SAP
- Microsoft Project
- Microsoft SharePoint
- Microsoft Visio
- Adobe Systems Adobe Photoshop
- Structured query language SQL
- IBM Notes
- Adobe Systems Adobe Illustrator
- Microsoft SQL Server
- Intuit QuickBooks
- Oracle PeopleSoft
- Oracle JD Edwards EnterpriseOne
- Adobe Systems Adobe Dreamweaver
Becoming a Benefits Manager
What education is needed to be a Compensation and Benefits Manager?
How many years of work experience do I need?
Compensation and Benefits Managers Sector
The table below shows some of the most common industries where those employed in this career field work.
You May Also Be Interested In…
Those who work as a Compensation and Benefits Manager sometimes switch careers to one of these choices:
References:
Image Credit: Arunkumar Umapathy via Creative Commons Attribution-Share Alike 4.0 International
More about our data sources and methodologies.
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