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Compensation and Benefits Managers

	Median Wage (USD, 2024)	Projected Job Openings (2024-2034)	Projected Growth (2024-2034)
National Statistics	$140360	1500	0.2%
State Statistics	-	-	-
City Statistics	-	-	-

Statistics

National

State

City

State

City

$140360

Median Wage (USD, 2024)

1500

Projected Job Openings (2024-2034)

0.2%

Projected Growth (2024-2034)

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

Experience Requirements Overview

Job Zone Four: Considerable Preparation Needed
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education, Training and Experience

Required Level of Education: Bachelor's Degree

Related Work Experience: Over 4 years, up to and including 6 years

On-Site or In-Plant Training: N.A.

On-the-Job Training: Over 1 month, up to and including 3 months

Detailed Work Activities

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

Work Values

Achievement

Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Working Conditions

Recognition

Relationships

Support

Independence

Tasks

Negotiate bargaining agreements.
Prepare personnel forecasts to project employment needs.
Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
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).
Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
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.
Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
Prepare budgets for personnel operations.
Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
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.
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.
Represent organization at personnel-related hearings and investigations.

Work Styles

Innovation

A tendency to be inventive, to be imaginative, and to adopt new perspectives on ways to accomplish work.

Achievement Orientation

Intellectual Curiosity

Tolerance for Ambiguity

Initiative

Adaptability

Self-Confidence

Perseverance

Leadership Orientation

Humility

Sincerity

Empathy

Cooperation

Optimism

Social Orientation

Cautiousness

Attention to Detail

Dependability

Integrity

Stress Tolerance

Self-Control

Data Source: This page includes information from the O*NET 30.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. This page includes Employment Projections program, Occupational Employment and Wage Statistics program, U.S. Bureau of Labor Statistics.

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