Skills & Competencies for Compensation and Benefits Director

Compensation and Benefits Director job profile

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JOB SUMMARY for Compensation and Benefits Director

Directs an organization's compensation and benefits department's policies, objectives, and initiatives.

JOB RESPONSIBILITIES for Compensation and Benefits Director

Develops and administers all compensation and benefits programs designed to attract and retain employees. Ensures compensation and benefits programs remain within budgetary constraints. Monitors trends and provides recommendations for improvements. Creates policies and initiatives to ensure compensation and benefits programs follow all legal and organizational rules and guidelines.

Compensation and Benefits Director SALARY RANGE

BASE 50%
$199,140
TOTAL 50%
$237,123
Job Level
M04
Job Code
HR09200482
Education/Degree
Bachelor's Degree
Reports To
Senior Management

Compensation and Benefits Director Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Compensation and Benefits Director skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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12 general skills or competencies (Job family competencies) for Compensation and Benefits Director

1 Job Family Competencies – Benefit Programs
Proficiency Level -4
Skill definition-Designing, managing, assessing and implementing compensation plan to attract and retain talent.
Level 1 Behaviors
(General Familiarity)
Compares the pros and cons of two benefits vendors.
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Level 2 Behaviors
(Light Experience)
Collects required information to support the analysis of benefits program objective.
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Level 3 Behaviors
(Moderate Experience)
Communicates benefits clearly to employees based on company policies.
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Level 4 Behaviors
(Extensive Experience)
Analyzes industry trends to help improve overall benefits strategy and program offerings.
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Level 5 Behaviors
(Mastery)
Analyzes current benefits costs and creates a budget spreadsheet outlining annual benefits costs.
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2 Job Family Competencies – Compensation Management
Proficiency Level -5
Skill definition-Managing and determining the salary, bonuses, and benefits to ensure competitive and appropriate compensation for employees.
Level 1 Behaviors
(General Familiarity)
Cites state laws and regulations that impact our organization's compensation management processes.
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Level 2 Behaviors
(Light Experience)
Applies compensation survey process using platforms to aggregate and report on market data.
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Level 3 Behaviors
(Moderate Experience)
Communicates compensation recommendations to fulfill gaps between the expectations of our employees.
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Level 4 Behaviors
(Extensive Experience)
Delivers training on compensation processes to help determine the appropriate employee compensation.
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Level 5 Behaviors
(Mastery)
Champions the adoption of new philosophies and technologies for compensation management.
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3 Compensation and Benefits Director - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compensation and Benefits Director
Proficiency Level - 4
5 Competency for - Compensation and Benefits Director
Proficiency Level - 5

12 soft skills or competencies (core competencies) for Compensation and Benefits Director

1 Core Competencies – Budgeting
Proficiency Level -5
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Compiles a list of basic issues and risks for conducting our budget processes.
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Level 2 Behaviors
(Light Experience)
Applies established guidelines for conducting our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Communicates budget objectives and plans to help identify financial trends and create budget forecasts.
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Level 4 Behaviors
(Extensive Experience)
Anticipates organizational income and expenses to make forecasts and develop budget plans.
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Level 5 Behaviors
(Mastery)
Adapts relevant industry trends on techniques in financial budgeting in our organization.
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2 Core Competencies – Planning and Organizing
Proficiency Level -5
Skill definition-Managing and prioritizing resources and workloads by creating well-organized plans to attain organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Lists commonly used tools in workplace planning and organization.
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Level 2 Behaviors
(Light Experience)
Works with specific tools in prioritizing and allocating resources to ensure task accuracy.
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Level 3 Behaviors
(Moderate Experience)
Prepares schedules to plan, organize, and complete priorities promptly.
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Level 4 Behaviors
(Extensive Experience)
Sets short- and long-term objectives to organize team workload and improve efficiency.
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Level 5 Behaviors
(Mastery)
Leads the development of new techniques and strategies to drive effective planning and organization.
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3 Compensation and Benefits Director - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compensation and Benefits Director
Proficiency Level - 4
5 Competency for - Compensation and Benefits Director
Proficiency Level - 5

Summary of Compensation and Benefits Director skills and competencies

There are 0 hard skills for Compensation and Benefits Director.
12 general skills for Compensation and Benefits Director, Benefit Programs, Compensation Management, Diversity and Inclusion, etc.
12 soft skills for Compensation and Benefits Director, Budgeting, Planning and Organizing, Project Management, etc.
While the list totals 24 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Compensation and Benefits Director, he or she needs to be an expert in Budgeting, be an expert in Planning and Organizing, and be skilled in Project Management.

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