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.
CAREER
Compensation and Benefits Managers
Overview
Salary Median (2023)
$136,380
Projected Job Growth (2023-2033)
+1.5% (little or no change)
Career
Roadtrip Nation Leaders in This 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 Director, Benefits Manager, Compensation and Benefits Director, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Manager, Payroll Manager
How Leaders Describe a Typical Day at Work
Tasks & Responsibilities May Include
- 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.
Education
Level of Education Attained by Compensation and Benefits Managers
Most common level of education among people in
this career: Bachelor's degree (76%)
Bachelor's degree
Master's degree
Post-baccalaureate certificate
Majors Related to Career
Educational Paths Suggested by Leaders
Suggested Path
Bachelor
Human Services, General
Additional Skills & Experiences That Can Help You Excel
Be alert and always ready to take on a challenge. Be adaptable.
Getting Started
Recommended First Step for:
Everyone
Don't be afraid. Take the risk. Believe the people around you who are telling you that you are good at something.
This page includes information from theO*NET 29.2 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.
