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%
$235,587
TOTAL 50%
$294,020
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)
Explains the development techniques for creating a business strategy.
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Level 2 Behaviors
(Light Experience)
Reports statistical data for presentations to support business strategy.
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Level 3 Behaviors
(Moderate Experience)
Partners with key stakeholders to achieve business strategy and corporate objectives.
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Level 4 Behaviors
(Extensive Experience)
Facilitates the development of cross-functional project plans to align with business strategy.
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Level 5 Behaviors
(Mastery)
Establishes financial metrics to evaluate the performance of a business strategy.
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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)
Identifies major types of benefits program.
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Level 2 Behaviors
(Light Experience)
Participates in design and development of competitive benefit program.
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Level 3 Behaviors
(Moderate Experience)
Leads discussion on the cost constraints in offering benefits to employees.
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Level 4 Behaviors
(Extensive Experience)
Monitors benefit programs cost and recommends appropriate actions to mitigate cost.
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Level 5 Behaviors
(Mastery)
Develops HRIS to assist the analysis, evaluation and reporting of benefits.
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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)
Explains our key business strategies and priorities.
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Level 2 Behaviors
(Light Experience)
Reports and communicates market and competitor status regularly to the management team.
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Level 3 Behaviors
(Moderate Experience)
Evaluates supply chain efficiency with an eye toward improving shortcomings.
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Level 4 Behaviors
(Extensive Experience)
Leverages the latest technologies and tools that enhance business analytics.
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Level 5 Behaviors
(Mastery)
Designs and implements feedback loops to identify and promptly address business problems.
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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)
Explains the different purposes and uses of our organization's budgets.
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Level 2 Behaviors
(Light Experience)
Produces budget reports showing planned vs. actual variances highlighted and explained.
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Level 3 Behaviors
(Moderate Experience)
Reviews and helps approve major budget adjustments to negotiate and reconcile line variances.
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Level 4 Behaviors
(Extensive Experience)
Monitors budgeting processes to ensure adherence to our organization's financial practices and standards.
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Level 5 Behaviors
(Mastery)
Forecasts asset needs to leverage available inventory and data compilation for annual budgeting.
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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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