2021 New York Compensation and Benefits Managers Salary Guide

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

Compensation and Benefits Managers Salary in New York

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Salary

$158.4K

Growth

Bright Outlook

Average

Green

Compensation and Benefits Managers Job Description

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

Also known as:

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

How Much Do Compensation and Benefits Managers Make in New York? 2021

Percentile	10%	25%	50% (Median)	75%	90%
Annual Wage	$102,040	$125,730	$158,380	$205,590	$208
Hourly Wage	$49.06	$60.45	$76.14	$98.84	$100

How Much Do Compensation and Benefits Managers Make in New York? 2021

Percentile

10%

25%

50% (Median)

75%

90%

Annual Wage

$102,040

$125,730

$158,380

$205,590

$208

Hourly Wage

$49.06

$60.45

$76.14

$98.84

$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.
Design, evaluate and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
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).
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
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.
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.
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.
Investigate and report on industrial accidents for insurance carriers.
Investigate and report on industrial accidents for insurance carriers.
Prepare personnel forecasts to project employment needs.
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.
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.
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.
Advise others on legal or regulatory compliance matters.
Analyze data to inform personnel decisions.
Monitor external affairs or events affecting business operations.
Evaluate program effectiveness.
Administer compensation or benefits programs.
Prepare reports related to compliance matters.
Prepare financial documents, reports, or budgets.
Maintain regulatory or compliance documentation.
Negotiate labor disputes.
Develop organizational policies or programs.
Develop operating strategies, plans, or procedures.
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.
Interview employees, customers, or others to collect information.
Prepare reports related to compliance matters.
Investigate industrial or transportation accidents.
Estimate labor requirements.
Analyze data to inform personnel decisions.
Maintain personnel records.
Compile operational data.
Conduct employee training programs.
Liaise between departments or other groups to improve function or communication.
Prepare operational budgets.
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.
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.
Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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?

Oral Comprehension - Listening and understanding what people say.
Oral Expression - Communicating by speaking.
Written Comprehension - Reading and understanding what is written.
Written Expression - Communicating by writing.
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? 2021

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.
Writing - Writing things for co-workers or customers.
Active Learning - Figuring out how to use new ideas or things.
Management of Personnel Resources - Selecting and managing the best workers for a job.
Time Management - Managing your time and the time of other people.
Social Perceptiveness - Understanding people's reactions.
Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
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 in New York? 2021

Location	2019 Employment	2029 Employment	Percent change	Annual projected job openings
New York	1,590	1,730	9%	150
United States	18,000	18,400	3%	1,300

What Is The Projected Employment For Compensation and Benefits Managers in New York? 2021

Location

2019 Employment

2029 Employment

Percent change

Annual projected job openings

New York

1,590

1,730

150

United States

18,000

18,400

1,300

What Is The Required Compensation and Benefits Managers Education & Experience? 2021

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

Compensation and Benefits Managers Schools in New York?

School	Program Name	Location	Length / Graduates
Adelphi University	Human Resources Management/Personnel Administration, General	Garden City, NY	Less than one year: 16
Bryant & Stratton College-Albany	Human Resources Management/Personnel Administration, General	Albany, NY	2 years: 4
Bryant & Stratton College-Buffalo	Human Resources Management/Personnel Administration, General	Buffalo, NY	2 years: 4
Bryant & Stratton College-Greece	Human Resources Management/Personnel Administration, General	Rochester, NY	2 years: 3
Bryant & Stratton College-Online	Human Resources Management/Personnel Administration, General	Orchard Park, NY	2 years: 41 4 years: 0
Bryant & Stratton College-Syracuse North	Human Resources Management/Personnel Administration, General	Liverpool, NY	2 years: 2
Clarkson University	Human Resources Management/Personnel Administration, General	Potsdam, NY	Less than one year: 1
Cornell University	Human Resources Management/Personnel Administration, General	Ithaca, NY	More than 4 years: 14
CUNY Bernard M Baruch College	Human Resources Management/Personnel Administration, General	New York, NY	More than 4 years: 0
CUNY Kingsborough Community College	Human Resources Management/Personnel Administration, General	Brooklyn, NY	2 years: 0

Compensation and Benefits Managers Schools in New York?

40 New York

School

Program Name

Location

Length / Graduates

Adelphi University