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Job Description

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

Job Details

The SOC (Standard Occupational Classification) code is 11-3111.00
The Mean Annual Wage in the U.S. is $ 126,900.00
The Mean Hourly Wage is $ 61.00
Currently, there are 15,230 people on this job

Also Known As…

Tasks for “Compensation and Benefits Managers”

Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
Negotiate bargaining agreements.
Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
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.
Represent organization at personnel-related hearings and investigations.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Investigate and report on industrial accidents for insurance carriers.
Conduct exit interviews to identify reasons for employee termination.
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.
Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
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.
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).
Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
Prepare budgets for personnel operations.

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