Compensation and Benefits Manager Job Description

compensation and benefits manager job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Compensation and Benefits Manager Job Description

The Compensation and Benefits Manager is the person who is responsible for designing and managing a company’s compensation and benefits programs.

The Compensation and Benefits Manager generally reports to a human resources manager.

Their responsibilities include:Designing and administering compensation and benefits programs i.

e, pay structures, incentive programs, and retirement programs.

Determining compensation and benefits for new and current employees.

Determining and negotiating employee wages and benefits.

Maintaining salary and compensation plans.

Communicating compensation and benefits to employees.

Reviewing and approving employee claims for compensation and benefits.

Job Brief:

We’re looking for a Compensation and Benefits Manager who can help us develop and administer our employee compensation and benefits programs. In this role, you will be responsible for conducting benefits surveys, researching and evaluating benefit options, and developing and managing our employee benefits programs. You will also be responsible for ensuring compliance with all applicable laws and regulations. If you have experience in compensation and benefits management and are looking for a new challenge, we want to hear from you!

Compensation and Benefits Manager Duties:

  • Develop and maintain effective relationships with employees, clients, and vendors
  • Work with Human Resources staff to ensure optimal employee compensation and benefits packages
  • Research and develop innovative approaches for compensation and benefits
  • Analyze data, examine trends, and suggest changes in compensation and benefits programs
  • Maintain accurate records of all compensation and benefit programs
  • Develop and maintain strong employee relations
  • Research and develop new employee benefits programs

Compensation and Benefits Manager Responsibilities:

  • Work with HR Manager to manage compensation and benefit plans and programs
  • Assist with compensation studies, market surveys, and salary surveys
  • Review salary surveys and job announcements to identify market trends
  • Write and manage job descriptions and position descriptions
  • Develop compensation and benefit packages including salaries, bonuses, commissions, employee benefits, and equity options
  • Oversee salary administration, record keeping, and payroll
  • Maintain accurate employee records, and manage compensation starts, terminations, and anniversaries
  • Implement appropriate performance-based incentive programs
  • Manage employee benefit programs including health and welfare, life insurance, disability, and retirement plans
  • Assume responsibility for compliance of compensation and benefits programs with all applicable state and federal laws and regulations
  • Coordinate offsite fringe benefit enrollments, including COBRA administration
  • Oversee employee benefit reporting and filing
  • Perform

Requirements And Skills:

  • Bachelor’s degree in human resources, business, or related field
  • 5+ years experience in human resources management
  • Expert knowledge of compensation and benefits practices
  • Excellent negotiation and conflict resolution skills
  • Excellent organizational, communication, and interpersonal abilities

Company Name is an organization that provides equal opportunity for all employees regardless of race, religion, national origin, gender, sexual orientation, gender identity, gender expression, or age. We strongly believe in the diversity of our team and are committed to building an inclusive environment for all.

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