National
| Median wages (2008) |
$41.59 hourly, $86,500 annual |
| Employment (2006) |
49,000 employees |
| Projected growth (2006-2016) |
Average (7% to 13%)
|
| Projected need (2006-2016) |
15,000 additional employees |
11-3041.00 - Compensation and Benefits Managers
Plan, direct, or coordinate compensation and benefits activities and staff of an organization.
Sample of reported job titles:
Benefits Manager, Compensation Manager, Human Resources Director, Compensation and Benefits Manager, Office Manager, Benefits Coordinator, Business Manager, Compensation Director, Corporate Controller, Director of Compensation
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.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- 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.
- 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.
- 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.
- Prepare budgets for personnel operations.
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Tools & Technology
Tools used in this occupation:
| Desktop computers |
| High capacity removable media drives — Universal serial bus USB flash drives |
| Notebook computers — Laptop computers |
| Personal digital assistant PDAs or organizers — Personal digital assistants PDA |
| Read write digital versatile disc DVD — Optical disk drives |
Technology used in this occupation:
| Accounting software — Deltek Costpoint; Intuit QuickBooks software |
| Analytical or scientific software — Business analysis software; Media Professional software; Mediamix software; Relex Weibull |
| Enterprise resource planning ERP software — Great Plains software; Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft; SAP software |
| Human resources software — Human resource information system HRIS software; Sage Software Abra HRMS; Trigon Road Forte Leave Management; Vantage Point Software HRA |
| Project management software — Atlas OnePoint software; Microsoft Project; Rain Catcher Inspire; Unisys Advertising Manager |
