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)
Cites examples and best practices of great business strategies.
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Level 2 Behaviors
(Light Experience)
Assists in improving programs based on our organization's business strategy.
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Level 3 Behaviors
(Moderate Experience)
Communicates with leadership to develop a business strategy for increasing volume and profitability.
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Level 4 Behaviors
(Extensive Experience)
Contributes to the business strategy to articulate the broad implications of business trends.
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Level 5 Behaviors
(Mastery)
Champions the adoption of the latest technologies to implement various business strategies.
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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)
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)
Develops a periodic evaluation process to determine effectiveness of benefits program.
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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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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)
Describes how our business makes money and our key business objectives.
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Level 2 Behaviors
(Light Experience)
Assists in designing business models and operating plans.
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Level 3 Behaviors
(Moderate Experience)
Applies technical expertise, business sense, and product knowledge to manage the product lifecycle effectively.
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Level 4 Behaviors
(Extensive Experience)
Consults on the selection and adjustment of the go-to-market strategy.
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Level 5 Behaviors
(Mastery)
Builds strong business partnerships internally and externally to drive "win-win" business successes.
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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)
Compiles a list of basic issues and risks for conducting our budget processes.
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Level 2 Behaviors
(Light Experience)
Assists in developing and improving budgeting models, plans, and strategies.
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Level 3 Behaviors
(Moderate Experience)
Compares planned budgets vs. actual expenditures, identifies, reports, and explains variances.
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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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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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