How to Become a Top Compensation and Benefits Executive
Step 1: Understand the job description and responsibilities of a Top Compensation and Benefits Executive
What does a Top Compensation and Benefits Executive do?
A Top Compensation and Benefits Executive plans and directs compensation and benefits policies, objectives, and initiatives. Develops and administers all compensation and benefits programs designed to attract and retain employees. Being a Top Compensation and Benefits Executive ensures compensation and benefits programs remain within budgetary constraints. Monitors trends and provides recommendations for improvements. Additionally, Top Compensation and Benefits Executive oversees HRIS systems and consults with legal and financial professionals. Requires a bachelor's degree. Typically reports to top management. The Top Compensation and Benefits Executive manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.
Step 2: Learn best tips to become a Top Compensation and Benefits Executive
Best tips for those who want to become a Top Compensation and Benefits Executive
Here are some tips to become a Top Compensation and Benefits Executive.
Step 3: View best colleges and universities for Top Compensation and Benefits Executive
Best colleges and universities for Top Compensation and Benefits Executive
- Butler University
- Carroll College
- Cooper Union
- High Point University
- Princeton University
- Providence College
Step 4: Think about whether is it worth to be a Top Compensation and Benefits Executive
Is being a Top Compensation and Benefits Executive Worth it?
The group joins from McDermott Will & Emery and brings significant capabilities in the areas of qualified and non-qualified retirement plans, health and welfare benefit plans, executive compensation, employee stock ownership plans (ESOPs), and international benefits to Winston’s EBEC Practice.
“With the addition of this top-ranked EBEC team, we will now be able to offer our corporate clients a broader and more complete human resources service offering,” said Scott Landau, chair of the firm’s EBEC Practice.
The addition of Bill Merten, Susan Peters Schaefer, and other members of their team will position Winston as a top player in the ESOP area, while Amy Gordon, Susan Nash, and Joanna Kerpen bring particularly deep experience with healthcare reform initiatives, the Affordable Care Act (ACA), and the Health Insurance Portability and Accountability Act (HIPAA).
Joe Adams, Brian Benko, Nancy Gerrie, David Rogers, and Erin Kartheiser bring a broad range of experience in retirement and executive compensation plans, governance, and fiduciary compliance under the Employee Retirement Income Security Act (ERISA).
Many members of the group are highly ranked in Chambers, Best Lawyers, and other ranking organizations, while Joseph Adams, Amy Gordon, and David Rogers are Fellows of the prestigious American College of Employee Benefits Counsel.
Step 5: Prepare relevant skills for being a Top Compensation and Benefits Executive
What skills do you need to be a Top Compensation and Benefits Executive?
Management is no easy task, and as such, the skill requirements for these types of roles vary greatly. Chief skills for this role are: Compensation & Benefit, Budget Administration, Health & Welfare Benefits, HR Regulatory Compliance, Incentive Programs, Retirement Benefits, Benefits Program Design, Compensation Program Design. You would need to be proficient in the following: Benefits Administration Software, Compensation Management Software. Expertise in these areas will help you land this, or a similar role.
Step 6: View average salary for Top Compensation and Benefits Executive
How much does a Top Compensation and Benefits Executive make?
The average salary range for a Top Compensation and Benefits Executive is from $184,669 to $254,277. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Top Compensation and Benefits Executive jobs
- Chief Compensation and Benefits Executive
- Top Compensation Executive
- Head of Compensation and Benefits
- Compensation and Benefits Director
- Top Benefits Executive
- Top Compensation Officer
- Chief Compensation and Benefits Officer
- Vice President of Compensation and Benefits
- Executive Compensation Manager