CAREER

Compensation and Benefits Managers

Overview

Salary Median (2020)

$125,130

Projected Job Growth (2019-2029)

+2.5% (slower than the average)

Most Common Level of Education

Bachelor's degree

Career

What Compensation and Benefits Managers Do

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

Other Job Titles Compensation and Benefits Managers May Have

Benefits Coordinator, Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Director, Employee Benefits Manager, Payroll Manager

How Leaders Describe a Typical Day at Work

Senior Director of Global Benefits and Employee Services ,

Fossil Group, Inc.

I am in charge of all of our benefits and services for employees in the Americas, Asia, and Europe. I oversee programs including fully insured and self funded health and welfare plans, vision, dental, long-term disability, short-term disability, worker’s compensation, COBRA, Medicare, FSA benefits, FMLA, ADA, employee assistance program, emergency fund, wellness and disease management programs, employee assistance, unemployment, and retirement programs such as 401K and defined benefit plans.


Tasks & Responsibilities May Include

  • 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).
  • Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.

This page includes information from theO*NET 25.0 Databaseby the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under theCC BY 4.0license. O*NET® is a trademark of USDOL/ETA.