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Compensation and Benefits Manager

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All About Compensation and Benefits Managers

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

A Day in the Life of a Benefits Manager

  • Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
  • 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.
  • Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
  • Represent organization at personnel-related hearings and investigations.
  • Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).

Things a Benefits Manager Should Know How to Do

When polled, Compensation and Benefits Managers say the following skills are most frequently used in their jobs:

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

  • Employee Benefits Director
  • Reimbursement Manager
  • Field Reimbursement Manager
  • Account Manager
  • Compensation and Benefits Manager

Is There Job Demand for Compensation and Benefits Managers?

In 2016, there was an estimated number of 15,800 jobs in the United States for Compensation and Benefits Manager. New jobs are being produced at a rate of 5.1% which is below the national average. The Bureau of Labor Statistics predicts 800 new jobs for Compensation and Benefits Manager by 2026. Due to new job openings and attrition, there will be an average of 1,200 job openings in this field each year.

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The states with the most job growth for Benefits Manager are Utah, Washington, and Arkansas. Watch out if you plan on working in Rhode Island, North Dakota, or New Mexico. These states have the worst job growth for this type of profession.

What is the Average Salary of a Benefits Manager

Compensation and Benefits Managers make between $70,560 and $205,470 a year.

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Compensation and Benefits Managers who work in Delaware, New Jersey, or Colorado, make the highest salaries.

How much do Compensation and Benefits Managers make in each U.S. state?

State Annual Mean Salary
Alabama $108,580
Alaska $101,670
Arizona $105,980
Arkansas $103,740
California $150,480
Colorado $155,570
Connecticut $164,240
Delaware $174,380
District of Columbia $136,050
Florida $108,330
Georgia $125,710
Idaho $87,100
Illinois $126,470
Indiana $102,850
Iowa $113,390
Kansas $112,330
Kentucky $95,820
Louisiana $84,970
Maine $106,200
Maryland $149,160
Massachusetts $131,250
Michigan $133,450
Minnesota $139,350
Mississippi $86,740
Missouri $126,480
Nebraska $118,870
Nevada $121,620
New Hampshire $123,170
New Jersey $174,730
New Mexico $119,050
New York $161,950
North Carolina $128,400
Ohio $128,020
Oklahoma $104,800
Oregon $108,130
Pennsylvania $144,320
South Carolina $102,540
Tennessee $102,550
Texas $118,400
Utah $100,330
Virginia $148,800
Washington $143,180
West Virginia $117,970
Wisconsin $114,280

Tools & Technologies Used by Compensation and Benefits Managers

Below is a list of the types of tools and technologies that Compensation and Benefits Managers may use on a daily basis:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Web browser software
  • Microsoft Access
  • SAP
  • Microsoft Project
  • Microsoft Visio
  • Microsoft SharePoint
  • Adobe Systems Adobe Photoshop
  • Structured query language SQL
  • IBM Notes
  • Adobe Systems Adobe Illustrator
  • Microsoft SQL Server
  • Intuit QuickBooks
  • Oracle PeopleSoft
  • Oracle JD Edwards EnterpriseOne
  • Adobe Systems Adobe Dreamweaver

How do I Become a Benefits Manager?

Learn what Compensation and Benefits Manager education requirements there are.

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How many years of work experience do I need?

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Who Employs Compensation and Benefits Managers?

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Compensation and Benefits Managers work in the following industries:

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Are you already one of the many Compensation and Benefits Manager in the United States? If you’re thinking about changing careers, these fields are worth exploring:

References:

Image Credit: Arunkumar Umapathy via Creative Commons Attribution-Share Alike 4.0 International

More about our data sources and methodologies.

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