Salary Breakdown
Compensation and Benefits Managers
Average
$122,750
ANNUAL
$59.02
HOURLY
Entry Level
$76,910
ANNUAL
$36.98
HOURLY
Mid Level
$120,130
ANNUAL
$57.76
HOURLY
Expert Level
$168,490
ANNUAL
$81.01
HOURLY
Projected Jobs
Compensation and Benefits Managers
160
Projected job openings through 2030
Sample Career Roadmap
Compensation and Benefits Managers
Supporting Programs
Compensation and Benefits Managers
Top Expected Tasks
Compensation and Benefits Managers
01
Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
02
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
03
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
04
Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
05
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
06
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
07
Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
08
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
09
Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
10
Negotiate bargaining agreements.
Knowledge, Skills & Abilities
Compensation and Benefits Managers
Common knowledge, skills & abilities needed to get a foot in the door.
KNOWLEDGE
Personnel and Human Resources
KNOWLEDGE
Administration and Management
KNOWLEDGE
English Language
KNOWLEDGE
Customer and Personal Service
KNOWLEDGE
Mathematics
SKILL
Active Listening
SKILL
Reading Comprehension
SKILL
Speaking
SKILL
Critical Thinking
SKILL
Judgment and Decision Making
ABILITY
Oral Comprehension
ABILITY
Oral Expression
ABILITY
Written Comprehension
ABILITY
Written Expression
ABILITY
Speech Clarity
Related Careers
Business Management & Administration
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