Skills & Competencies for Compensation and Benefits Director

Compensation and Benefits Director job profile

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JOB SUMMARY for Compensation and Benefits Director

Directs an organization's compensation and benefits department's policies, objectives, and initiatives.

JOB RESPONSIBILITIES for Compensation and Benefits Director

Develops and administers all compensation and benefits programs designed to attract and retain employees. Ensures compensation and benefits programs remain within budgetary constraints. Monitors trends and provides recommendations for improvements. Creates policies and initiatives to ensure compensation and benefits programs follow all legal and organizational rules and guidelines.

Compensation and Benefits Director SALARY RANGE

BASE 50%
$202,325
TOTAL 50%
$240,912
Job Level
M04
Job Code
HR09200482
Education/Degree
Bachelor's Degree
Reports To
Senior Management

Compensation and Benefits Director 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 Compensation and Benefits Director skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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12 general skills or competencies (Job family competencies) for Compensation and Benefits Director

1 Job Family Competencies – Benefit Programs
Proficiency Level -4
Skill definition-Designing, managing, assessing and implementing compensation plan to attract and retain talent.
Level 1 Behaviors
(General Familiarity)
Describes the process of designing employee benefits program.
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Level 2 Behaviors
(Light Experience)
Conducts appropriate audits of benefit programs in accordance with compliance standards.
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Level 3 Behaviors
(Moderate Experience)
Creates communication materials relating to updated compensation and benefit programs.
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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)
Champions the adoption of creative benefits package to ensure market competitiveness.
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2 Job Family Competencies – Compensation Management
Proficiency Level -5
Skill definition-Managing and determining the salary, bonuses, and benefits to ensure competitive and appropriate compensation for employees.
Level 1 Behaviors
(General Familiarity)
Explains the fundamentals and principles of employee compensation management.
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Level 2 Behaviors
(Light Experience)
Assists the management in developing a compensation structure based upon employee performance.
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Level 3 Behaviors
(Moderate Experience)
Helps in interpreting salary survey results to support the management of compensation programs.
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Level 4 Behaviors
(Extensive Experience)
Drafts plans of compensation initiatives to ensure successful execution of employee compensation.
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Level 5 Behaviors
(Mastery)
Develops and administers effective compensation programs under our organization's reward strategy.
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3 Compensation and Benefits Director - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compensation and Benefits Director
Proficiency Level - 4
5 Competency for - Compensation and Benefits Director
Proficiency Level - 5

12 soft skills or competencies (core competencies) for Compensation and Benefits Director

1 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)
Describes the concepts and principles of budgeting operations.
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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)
Determines system capabilities and needs to improve the process for financial budgeting.
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Level 5 Behaviors
(Mastery)
Develops financial models to support the strategic improvement of our budgeting processes.
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2 Core Competencies – Planning and Organizing
Proficiency Level -5
Skill definition-Managing and prioritizing resources and workloads by creating well-organized plans to attain organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Compiles a list of all the traits of effective planning to help finish the assigned tasks.
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Level 2 Behaviors
(Light Experience)
Classifies assigned tasks based on the level of importance to ensure organized workload completion.
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Level 3 Behaviors
(Moderate Experience)
Defines and translates objectives into specific plans to ensure understanding of organizational goals.
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Level 4 Behaviors
(Extensive Experience)
Delivers training sessions to foster and maximize solid planning and organization capabilities.
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Level 5 Behaviors
(Mastery)
Champions the adoption of business intelligence systems to achieve planning and organization goals.
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3 Compensation and Benefits Director - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Compensation and Benefits Director
Proficiency Level - 4
5 Competency for - Compensation and Benefits Director
Proficiency Level - 5

Summary of Compensation and Benefits Director skills and competencies

There are 0 hard skills for Compensation and Benefits Director.
12 general skills for Compensation and Benefits Director, Benefit Programs, Compensation Management, Diversity and Inclusion, etc.
12 soft skills for Compensation and Benefits Director, Budgeting, Planning and Organizing, Project Management, etc.
While the list totals 24 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 Compensation and Benefits Director, he or she needs to be an expert in Budgeting, be an expert in Planning and Organizing, and be skilled in Project Management.

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