Skills & Competencies for Top Compensation and Benefits Executive

Top Compensation and Benefits Executive job profile

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JOB SUMMARY for Top Compensation and Benefits Executive

Plans and directs compensation and benefits policies, objectives, and initiatives.

JOB RESPONSIBILITIES for Top Compensation and Benefits Executive

Engages in high-level strategic planning of compensation and benefits programs designed to attract and retain employees. Ensures compensation and benefits programs remain within budgetary constraints and align with organizational goals. Monitors trends, provides recommendations, and suggests initiatives. Consults with legal and financial professionals to ensure compliant and financially sound programs. Evaluates vendors, negotiates and completes contracts.

Top Compensation and Benefits Executive SALARY RANGE

BASE 50%
$239,496
TOTAL 50%
$298,012
Job Level
M05
Job Code
EX05000025
Education/Degree
Bachelor's Degree
Reports To
Top Management

Top Compensation and Benefits Executive 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 Top Compensation and Benefits Executive skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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11 general skills or competencies (Job family competencies) for Top Compensation and Benefits Executive

1 Job Family Competencies – Business Strategy
Proficiency Level -3
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Lists the components and elements of a business strategy.
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Level 2 Behaviors
(Light Experience)
Tracks business strategy reviews to assess the progress of strategy achievement.
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Level 3 Behaviors
(Moderate Experience)
Works with teams to translate the business strategy to align business objectives.
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Level 4 Behaviors
(Extensive Experience)
Presents data with a clear point of view to use insights and help drive business strategy.
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Level 5 Behaviors
(Mastery)
Leads the build-out of business strategy multi-generation plans to achieve goals and objectives.
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2 Job Family Competencies – Benefit Programs
Proficiency Level -5
Skill definition-Designing, managing, assessing and implementing compensation plan to attract and retain talent.
Level 1 Behaviors
(General Familiarity)
Lists the factors that should be considered in the development of the benefits objectives.
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Level 2 Behaviors
(Light Experience)
Responds to employee inquiries regarding benefits program.
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Level 3 Behaviors
(Moderate Experience)
Reviews cost and usage rates of existing benefit programs to assess actual and perceived value.
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Level 4 Behaviors
(Extensive Experience)
Oversees the development of the benefits objectives to ensure comply with overall strategic goals.
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Level 5 Behaviors
(Mastery)
Keeps current on latest state laws and regulations impacting employee benefit programs to ensure compliance.
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3 Top Compensation and Benefits Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Compensation and Benefits Executive
Proficiency Level - 4
5 Competency for - Top Compensation and Benefits Executive
Proficiency Level - 5

14 soft skills or competencies (core competencies) for Top Compensation and Benefits Executive

1 Core Competencies – Business Acumen
Proficiency Level -3
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L performance.
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2 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)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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3 Top Compensation and Benefits Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Compensation and Benefits Executive
Proficiency Level - 4
5 Competency for - Top Compensation and Benefits Executive
Proficiency Level - 5

Summary of Top Compensation and Benefits Executive skills and competencies

There are 0 hard skills for Top Compensation and Benefits Executive.
11 general skills for Top Compensation and Benefits Executive, Business Strategy, Benefit Programs, Compensation Management, etc.
14 soft skills for Top Compensation and Benefits Executive, Business Acumen, Budgeting, Planning and Organizing, etc.
While the list totals 25 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 Top Compensation and Benefits Executive, he or she needs to be skilled in Business Acumen, be an expert in Budgeting, and be an expert in Planning and Organizing.

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