Compensation /Benefits Manager
Plan, direct, or coordinate compensation and benefits activities of an organization.
Annual openings
23
BLS median wage
$165,770
Typical education
A minimum of a Bachelor's degree plus work experience
10-year growth
+9%
Career requirements
What does this career require?
The education, credentials, and on-the-job competencies Colorado employers expect for this role.
Typical education
A minimum of a Bachelor's degree plus work experience
Credential requirement
Certifications from HRCI, such as the Professional in Human Resources, are valued.
Work experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. Work experience in Human Resources and as a Supervisor is highly valued.
Employer competency information
Feedback from employers identifies the following competencies as being critical to support a successful move up to the Manager level
- Planning & Organizing — Plan and organize the successful completion of tasks and projects for multiple teams; set expectations for team members and hold them accountable.
- Personnel & Human Resources and Interpersonal Skills — Understand behaviors (Psychology) of team members; motivate, empower and get a diverse team to work well together; lead and manage staff; deal with others with fairness and integrity; and hire and fill skills gaps effectively.
- Critical Thinking, Problem Solving, & Decision Making — Continue to elevate these skills for use in activities that cross teams, including strategic thinking and vision setting across an organization.
Is this work a fit?
What the work actually feels like
How people in this career tend to spend their time, the interests it draws on, and a look at a typical day.
Automation exposure
Low exposure
Tasks here lean on judgement and people skills that are hard to automate.
A typical day
- 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.
- Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.