1. What is the average salary of a Compensation and Benefits Manager?
The average annual salary of Compensation and Benefits Manager is $127,271.
In case you are finding an easy salary calculator,
the average hourly pay of Compensation and Benefits Manager is $61;
the average weekly pay of Compensation and Benefits Manager is $2,448;
the average monthly pay of Compensation and Benefits Manager is $10,606.
2. Where can a Compensation and Benefits Manager earn the most?
A Compensation and Benefits Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Compensation and Benefits Manager earns the most in San Jose, CA, where the annual salary of a Compensation and Benefits Manager is $160,527.
3. What is the highest pay for Compensation and Benefits Manager?
The highest pay for Compensation and Benefits Manager is $156,197.
4. What is the lowest pay for Compensation and Benefits Manager?
The lowest pay for Compensation and Benefits Manager is $106,015.
5. What are the responsibilities of Compensation and Benefits Manager?
Manages the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Develops and manages compensation and benefits budgets. Oversees compensation processes, including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis. Manages benefits planning and programs including health and welfare, retirement, and work life. May select and manage outsourced providers. Requires a bachelor's degree. Typically reports to a head of a unit/department. 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. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Compensation and Benefits Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
2.)
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
3.)
Workday: A cloud-based human resource management software system that unifies a wide range of HR functionality into a single system.