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Program Codes
9BSCOP
Employment Percentage
-6.702898551
SOC ID
11-3111
SOC Title
Compensation and Benefits Managers
ONET ID
11-3111.00
ONET Concat ID
11311100
Median Salary
136988.79
EMSI Interest Area Term
Business Sciences
Ed Level High School
0
Ed Level Certificate
0
Ed Level Some College
0
Ed Level Associates
0
Ed Level Bachelors
85.709999
Ed Level Masters
14.29
Ed Level Doctors
0
Typical Ed Level
a Bachelor's degree
Career Description
Plan, direct, or coordinate compensation and benefits activities of an organization.
Core 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.
  • Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
  • 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.
  • Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
  • 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.
  • Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
  • 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.
  • Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
  • Prepare budgets for personnel operations.
  • Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
Start Annual Earnings
78811.2
Top Annual Earnings
275589.73
EMSI Career Title Slug
compensation-and-benefits-manager