Compensation and Benefits Manager Job Description

Compensation And Benefits Manager Job Description

July 24th, 2020

Compensation and Benefits Managers plan and coordinate a company's compensation plans and benefit packages. They work closely with a company's human resources department, review and update existing benefit and compensation-related policies, and ensure these comply with current legislation.

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Compensation and Benefits Manager Job Description Template

We are looking for a Compensation and Benefits Manager to plan and oversee our company's compensation and benefits programs. You will be responsible for reviewing and modifying existing programs, ensuring these comply with current legislation, supporting the recruitment process, and managing day-to-day compensation and benefits-related activities.

To be successful as a Compensation and Benefits Manager, you should be able to develop competitive and cost-efficient programs that will assist with employee retention and attract top talent. A top-notch candidate should have extensive experience leading compensation and benefits programs, along with excellent decision-making skills.

Compensation and Benefits Manager Responsibilities:

  • Evaluating and modifying existing compensation and benefits programs, policies, and procedures.
  • Developing and implementing new compensation and benefits programs, policies, and procedures.
  • Ensuring all programs, policies, and procedures comply with current legislation.
  • Communicating with third-party services to negotiate benefit plans and resolve benefit-related issues.
  • Supporting the HR team with recruitment and talent management activities.
  • Developing profit-sharing, incentive, employee wellness, and performance management programs.
  • Managing subordinate HR employees and daily operations related to compensation and benefits activities.
  • Preparing budgets, reports, and presentations.

Compensation and Benefits Manager Responsibilities:

  • Bachelor's degree in Human Resources Management, Business Administration, or a related field.
  • At least five years of experience as a Compensation and Benefits Manager or in a related role.
  • Relevant certifications, such as a CEBS or SHRM certification, preferred.
  • Extensive knowledge of benefits and compensation programs, policies, procedures, and applicable legislation.
  • Proficiency in MS Office.
  • Experience managing benefits and compensation in a Human Resources Information System (HRIS).
  • Excellent communication and organizational skills.
  • Strong people and project management skills.
  • Strong analytical, problem-solving, and decision-making skills.

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