Occupation: 11-3110

Compensation and Benefits Managers

Statistics
National
State
City
State
City
$140360
Median Wage (USD, 2024)
1500
Projected Job Openings (2024-2034)
0.2%
Projected Growth (2024-2034)
Plan, direct, or coordinate compensation and benefits activities of an organization.

Experience Requirements Overview

  • Job Zone Four: Considerable Preparation Needed
  • A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  • Most of these occupations require a four-year bachelor's degree, but some do not.
  • Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education, Training and Experience

Required Level of Education: Bachelor's Degree

Related Work Experience: Over 4 years, up to and including 6 years

On-Site or In-Plant Training: N.A.

On-the-Job Training: Over 1 month, up to and including 3 months

Detailed Work Activities

  • Advise others on legal or regulatory compliance matters.
  • Manage human resources activities.
  • Evaluate program effectiveness.
  • Administer compensation or benefits programs.
  • Conduct employee training programs.

Work Values

Achievement

Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Working Conditions

Recognition

Relationships

Support

Independence

Tasks

  • Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
  • Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
  • Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
  • Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
  • Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.

Work Styles

Innovation

A tendency to be inventive, to be imaginative, and to adopt new perspectives on ways to accomplish work.

Innovation

Achievement Orientation

Achievement Orientation

Intellectual Curiosity

Intellectual Curiosity

Tolerance for Ambiguity

Tolerance for Ambiguity

Initiative

Initiative

Adaptability

Adaptability

Self-Confidence

Self-Confidence

Perseverance

Perseverance

Leadership Orientation

Leadership Orientation

Humility

Humility

Sincerity

Sincerity

Empathy

Empathy

Cooperation

Cooperation

Optimism

Optimism

Social Orientation

Social Orientation

Cautiousness

Cautiousness

Attention to Detail

Attention to Detail

Dependability

Dependability

Integrity

Integrity

Stress Tolerance

Stress Tolerance

Self-Control

Self-Control

Data Source: This page includes information from the O*NET 30.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. This page includes Employment Projections program, Occupational Employment and Wage Statistics program, U.S. Bureau of Labor Statistics.