Compensation and Benefits Managers

What Does a Compensation and Benefits Managers Do?

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

Day-to-Day Responsibilities

• 1Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
• 2Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
• 3Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
• 4Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
• 5Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
• 6Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
• 7Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
• 8Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.

Required Skills

• Active Listening
• Writing
• Speaking
• Reading Comprehension
• Judgment and Decision Making
• Critical Thinking
• Active Learning
• Time Management
• Management of Personnel Resources
• Social Perceptiveness
• !Trak-it Solutions !Trak-it HR
• Adobe Dreamweaver
• Adobe Illustrator
• Adobe PageMaker
• Adobe Photoshop
• ADP Employease
• ADP HR/Benefits Solution
• ADP Workforce Now
• AdRelevance
• Apex Business Software iHR