What Do Compensation and Benefits Manager Do?
Benefits Manager Definition Plan, direct, or coordinate compensation and benefits activities of an organization.
Benefits Manager Responsibilities
- Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
- Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
- Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
- Investigate and report on industrial accidents for insurance carriers.
- Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
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Benefits Manager Needed Skills
These are the skills Compensation and Benefits Managers say are the most useful in their careers:
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
- Job Analysis Manager
- Personnel Manager
- Benefits Coordinator
- Employee Benefits Director
- Benefits Advisor
Benefits Manager Job Outlook
In 2016, there was an estimated number of 15,800 jobs in the United States for Compensation and Benefits Manager. 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. There will be an estimated 1,200 positions for Benefits Manager per 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.
Average Compensation and Benefits Managers Salary
The salary for Compensation and Benefits Managers ranges between about $70,560 and $205,470 a year.
Compensation and Benefits Managers who work in Delaware, New Jersey, or Colorado, make the highest salaries.
Below is a list of the median annual salaries for Compensation and Benefits Managers in different U.S. states.
| 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 |
Tools & Technologies Used by Compensation and Benefits Managers
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 Visio
- Microsoft SharePoint
- 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
Individuals working as a Compensation and Benefits Manager have obtained the following education levels:
What work experience do I need to become a Benefits Manager?
Who Employs Compensation and Benefits Managers?
Below are examples of industries where Compensation and Benefits Managers work:
Similar Careers
Are you already one of the many Compensation and Benefits Manager in the United States? If you’re thinking about changing careers, these fields are worth exploring:
References:
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