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2020 Compensation and Benefits Managers Salary Guide

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

Compensation and Benefits Managers Salary

Salary

$122.3K

Growth

3%

Bright Outlook

Below Average

Green

No

Compensation and Benefits Managers Job Description

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

Also known as:

Compensation Manager, Compensation Vice President, Benefits Coordinator, Employee Benefits Coordinator, Compensation and Benefits Manager, Payroll Manager, Employee Benefits Director, Compensation Director, Benefits Manager, Employee Benefits Manager

How Much Do Compensation and Benefits Managers Make ? 2020

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $69,870 $91,430 $122,270 $163,980 $208
Hourly Wage $33.59 $43.96 $58.78 $78.83 $100

How Much Do Compensation and Benefits Managers Make ? 2020

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$69,870
$91,430
$122,270
$163,980
$208
Hourly Wage
$33.59
$43.96
$58.78
$78.83
$100

Compensation and Benefits Managers Tasks

  • 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.
  • 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.
  • Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
  • Negotiate bargaining agreements.
  • Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
  • Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
  • Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
  • Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
  • Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
  • 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.
  • Conduct exit interviews to identify reasons for employee termination.
  • Prepare personnel forecasts to project employment needs.
  • Investigate and report on industrial accidents for insurance carriers.
  • 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.
  • Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
  • Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
  • Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
  • Prepare budgets for personnel operations.
  • Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
  • Represent organization at personnel-related hearings and investigations.
  • Contract with vendors to provide employee services, such as food services, transportation, or relocation service.

What Activities Do Compensation and Benefits Managers Do?

  • Administer compensation or benefits programs.
  • Evaluate program effectiveness.
  • Monitor external affairs or events affecting business operations.
  • Analyze data to inform personnel decisions.
  • Advise others on legal or regulatory compliance matters.
  • Evaluate program effectiveness.
  • Administer compensation or benefits programs.
  • Prepare reports related to compliance matters.
  • Maintain regulatory or compliance documentation.
  • Prepare financial documents, reports, or budgets.
  • Negotiate labor disputes.
  • Develop operating strategies, plans, or procedures.
  • Develop organizational policies or programs.
  • Manage human resources activities.
  • Manage human resources activities.
  • Document organizational or operational procedures.
  • Maintain knowledge of current developments in area of expertise.
  • Manage human resources activities.
  • Supervise employees.
  • Administer compensation or benefits programs.
  • Investigate industrial or transportation accidents.
  • Prepare reports related to compliance matters.
  • Interview employees, customers, or others to collect information.
  • Estimate labor requirements.
  • Compile operational data.
  • Analyze data to inform personnel decisions.
  • Maintain personnel records.
  • Conduct employee training programs.
  • Prepare operational budgets.
  • Liaise between departments or other groups to improve function or communication.
  • Recommend organizational process or policy changes.
  • Develop operating strategies, plans, or procedures.
  • Represent the organization in external relations.
  • Negotiate sales or lease agreements for products or services.

Typical Compensation and Benefits Managers Knowledge?

  • 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.
  • 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.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

What Are Typical Compensation and Benefits Managers Abilities?

  • Written Expression - Communicating by writing.
  • Written Comprehension - Reading and understanding what is written.
  • Oral Expression - Communicating by speaking.
  • Oral Comprehension - Listening and understanding what people say.
  • Speech Clarity - Speaking clearly.
  • Speech Recognition - Recognizing spoken words.
  • Problem Sensitivity - Noticing when problems happen.
  • Deductive Reasoning - Using rules to solve problems.

What Are Typical Compensation and Benefits Managers Skills? 2020

  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Reading Comprehension - Reading work-related information.
  • Speaking - Talking to others.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Active Learning - Figuring out how to use new ideas or things.
  • Writing - Writing things for co-workers or customers.
  • Time Management - Managing your time and the time of other people.
  • Management of Personnel Resources - Selecting and managing the best workers for a job.
  • Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
  • Social Perceptiveness - Understanding people's reactions.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.

What Are Typical Compensation and Benefits Managers Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Social - Occupations with Social interests frequently involve working with, communicating with, and teaching people. Most involve helping or providing service to others.

What Is The Projected Employment For Compensation and Benefits Managers ? 2020

Location 2018 Employment 2028 Employment Percent change Annual projected job openings
United States 16,400 16,800 3% 1,400

What Is The Projected Employment For Compensation and Benefits Managers ? 2020

Location
2018 Employment
2028 Employment
Percent change
Annual projected job openings
United States
16,400
16,800
3%
1,400

What Is The Required Compensation and Benefits Managers Education & Experience? 2020

  • Bachelor's degree
  • 5 years or more work experience
  • No on-the-job training

Compensation and Benefits Managers Schools ?

School Program Name Location Length / Graduates
Abraham Lincoln University Human Resources Management/Personnel Administration, General Glendale, CA Less than one year: 0
Adelphi University Human Resources Management/Personnel Administration, General Garden City, NY Less than one year: 14
Alamance Community College Human Resources Management/Personnel Administration, General Graham, NC 2 years: 0
Alaska Career College Human Resources Management/Personnel Administration, General Anchorage, AK 2 years: 12
Alvernia University Human Resources Management/Personnel Administration, General Reading, PA 4 years: 11
American University of Puerto Rico Human Resources Management/Personnel Administration, General Bayamon, PR 2 years: 0
4 years: 5
Less than one year: 0
American University of Puerto Rico Human Resources Management/Personnel Administration, General Manati, PR 2 years: 3
4 years: 5
Less than one year: 0
Amridge University Human Resources Management/Personnel Administration, General Montgomery, AL 2 years: 4
4 years: 1
Anderson University Human Resources Management/Personnel Administration, General Anderson, SC 4 years: 4
Anoka-Ramsey Community College Human Resources Management/Personnel Administration, General Coon Rapids, MN 2 years: 8

Compensation and Benefits Managers Schools ?

School
Program Name
Location
Length / Graduates
Human Resources Management/Personnel Administration, General
Glendale, CA
Less than one year: 0
Human Resources Management/Personnel Administration, General
Garden City, NY
Less than one year: 14
Human Resources Management/Personnel Administration, General
Graham, NC
2 years: 0
Human Resources Management/Personnel Administration, General
Anchorage, AK
2 years: 12
Human Resources Management/Personnel Administration, General
Reading, PA
4 years: 11
Human Resources Management/Personnel Administration, General
Bayamon, PR
2 years: 0
4 years: 5
Less than one year: 0
Human Resources Management/Personnel Administration, General
Manati, PR
2 years: 3
4 years: 5
Less than one year: 0
Human Resources Management/Personnel Administration, General
Montgomery, AL
2 years: 4
4 years: 1
Human Resources Management/Personnel Administration, General
Anderson, SC
4 years: 4
Human Resources Management/Personnel Administration, General
Coon Rapids, MN
2 years: 8

Compensation and Benefits Managers Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor

Compensation and Benefits Managers Jobs Near Me .

Compensation and Benefits Managers 2020 Salary Guide By State

Common Careers