Compensation and Benefits Manager leads the development, implementation, and administration of compensation and benefits programs, policies, and procedures. Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis. Being a Compensation and Benefits Manager manages common benefits functions, including life, health, and disability insurance, retirement benefits and paid time off. Ensures that compensation and benefits programs remain competitive and conform to current compensation strategy. Additionally, Compensation and Benefits Manager may also manage profit-sharing and performance management programs. Requires a bachelor's degree. Typically reports to a unit/department. The Compensation and Benefits Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Compensation and Benefits Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2019 Salary.com)
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