513-529-3831. Work experience is also essential. Description: Family Law Attorney - Relocation Package & Retention Bonus Available. How to Become a Compensation or Benefits Manager. If salary, bonuses, and benefits are not managed properly, employees might find much better packages elsewhere. 11-3111.00. A compensation director average salary is $138,793 whereas compensation and benefits managers make an average salary of $99,051. The Compensation and Benefits Manager is a highly recognized employee in the organization. $52K - $108K (Glassdoor Est.) Compensation and Benefits Manager responsibilities include researching employee motives, implementing appealing rewards and tailoring benefit programs based on staff needs. The most common race/ethnicity among compensation and benefits managers is White, which makes up 70.2% of all compensation and benefits managers. Be able to effectively explain a company's pay system and address executive and employee concerns. Ensuring equitable and balanced compensation across the organization. It works in a way - 'Better is the compensation & benefits . Workers need a combination of education and . Bottom 10% Annual Salary: $70,560. Save. Mexico's minimum wage is 172.87 (as of 2022) Mexican pesos per day according to Mexico compensation laws. About 1 in 3 worked more than 40 hours per week in 2014. Ability to work independently and as a team member. Supportive, Professional Environment . Create and analyze job descriptions evaluations and classifications. To be successful in this role, you should have good knowledge of labor legislation and be familiar with organizational psychology and employee engagement. Our client is a renowned automotive company based in Kuala Lumpur and they require a strong professional to work hand-in-hand with the Head of HR Operations to directly impact the business by utilizing their C&B knowledge and skills. Maintaining compliance with all relevant legislation. Simply put, compensation is the term used to describe the financial value that an employee receives in exchange for their work. Masters, 21%. Provides on-going compensation and benefits education with management and employees. Using a variety of analytical, database, and presentation software, managers draw conclusions . Compensation And Benefits Manager Duties and Responsibilities. Their regional teams could also easily collaborate and share feedback on each candidate at every stage. Create a consistent compensation guideline that matches our work and organizational culture. MyPlan.com is unquestionably the best resource on the Internet for career and college information. Assistant Manager (Compensation & Benefits) Clementi New Town. noun. Minimum of 3+ years in a nursing leadership role. Some work more than 40 hours per week. Analyses different components of the remuneration scheme in . A bachelor's degree and an internship prepare individuals for an entry-level job in HR. Compensation and benefits managers work in nearly every industry. Gravis Law, PLLC (Gravis Law) is seeking a Attorney to join its Family Law practice group in our Spokane, Washington office location. The Compensation and Benefits Manager, Senior typically manages through subordinate managers and professionals in larger groups of moderate complexity. Compensation and benefits managers work in nearly every industry. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Other Helpful Pages Related To Compensation and Benefits Manager Compensation and Benefits Manager Salaries Compensation and Benefits Manager Career Research All Jobs . Compensation & Benefits Manager - Resume Example & Template. Benefits Coordinator, Compensation Director, Employee Benefits Director, Benefits Manager, Compensation Manager, Employee Benefits Manager, Compensation and Benefits Manager, Employee Benefits . This is true for all states except those at the Northern Border. Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan. ELIGIBILITY REQUIREMENTS Design, evaluate and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements. The Certified Compensation Professional certification could help you to get a compensation director position in your . Compensation and Benefits in HRM refer to the salary, monetary, and as well as non-monetary privileges provided to the employees at the workplace by the organization. 2. RALEIGH - National law firm Nelson Mullins Riley & Scarborough is pleased to welcome Frances-Ann (FA) Criffield to the firm as of counsel in the Raleigh office.Criffield assists clients with designing and operating executive compensation plans and programs, qualified pension and welfare benefit plans, and advises boards and board committees on corporate governance and compliance. Job Requirements. Contact Info. Many employers prefer to hire compensation and benefits managers with a . Compensation & Benefits Manager. Compensation and Benefits Manager responsibilities include researching employee motives, implementing appealing rewards and tailoring benefit programs based on staff needs. Strong interpersonal traits including confidence, responsiveness, flexibility, initiative, decision making, conflict resolution and insight. Their long list of free services includes career profiles, career videos, salary data, college profiles, information on majors and degrees, financial aid advice, and career assessment tests. Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA). However, more employers now look for those who hold a graduate degree, preferably the master of business administration (MBA) degree. Sample of reported job titles: Benefits Coordinator, Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Director, Employee Benefits Manager, Payroll . The lowest 10 percent earned less than $69,870, and the highest 10 percent earned more than $208,000. Center for Career Exploration and Success. Examining the effectiveness of employee benefit programs. Sample of reported job titles: Benefits Coordinator, Benefits Manager, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Director, Employee Benefits Manager, Payroll . 11-3111.00. Education Requirements for Compensation and Benefits Managers. Obtain the necessary undergraduate degree. Great relocation compensation benefit with 2-year . Home. The Balance Careers lists three qualities that are vital to success. This is where compensation and benefits managers come into play. The following steps are key: 1. Developing employee wellness and performance management programs. By developing competitive compensation and benefits packages, you can help your companies attract the top talent in the field. Mexico Compensation Laws. The common task for this role include: Ensuring the benefits packages are complete, functional, and fit for purpose. . In polling hundreds of different companies & HR departments, this is by far one of the most frequently asked questions in any job interview. Your interviewer will use this as an icebreaker, ideally to put you at ease and get you speaking openly and honestly. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified. Bachelors degree with 3-5 years of relevant working experience. Pay. Have a solid working knowledge of math and statistics. The median annual wage for compensation and benefits managers was $127,530 in May 2021. Building, developing and maintaining the Global Compensation Guidelines. The compensations manager has to monitor market conditions and be aware of government regulations . Education Requirements: BOM experience in an LTC/SNF. Compensation and benefits managers typically need a bachelor's degree and related work experience. The C&B Manager is fully responsible for setting and tracking the of the compensation budget in the organization. Plan, direct, or coordinate compensation and benefits activities of an organization. Compensation and Benefits Manager manages the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. You will also experience exciting opportunities for professional and personal growth and recognition. As the title implies, the role of a compensation and benefits manager (C&B manager) is to coordinate employees' compensation throughout the company, from top management down to hourly workers. Designs and develops compensation policies. A close second is master's degree with 21% and rounding it off is associate degree with 5%. Compensation and benefits managers, also known as remuneration professionals, are responsible for overseeing employee compensation, compensation databases, job descriptions, benchmark compensation, annual performance reviews, and employee benefits. 4. Interview Assessments. The Compensation Manager. Staying up-to-date with the prevailing pay rates. A resourceful team player and leader with a lot of initiative and an ability to work independently; Apply Now. They typically work in offices. Compensation management is the process in which the management analyzes and ensures that the salaries, wages and bonuses given to employees for their work remain appropriate, equitable, and competitive. 1. Provides guidance and counsel to HR Business Partners, managers, and employees on the requirements and provisions of compensation and benefit programs, leave programs and assists with resolution of problems. Prepares the compensation and benefits budget, including the regular monitoring, reporting and adjusting of the budget. Strong listening and analytical skills. The position requires a bachelor's degree, but more professionals are pursuing . Products. You will also ensure that the benefits offered are competitive and comply with government regulations. Tell me about yourself. . Conduct salary and labor market research to define . This can include salary, base pay, and other forms of compensation such as bonuses or commissions (variable pay and performance-related . Among compensation and benefits managers, 63.4% of them are women, while 36.6% are men. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. If this is the compensation you're looking for, you're better off in the Regulations and Legislation chapter. Median Annual Salary: $121,010. Compensation and Benefits Managers often have a bachelor's degree in business administration, business management, finance, or a related field. The Group Compensation & Benefits Manager is responsible for providing direction, guidance, and expertise on key compensation and benefits matters for the Group, and collaborate with Finance, HR and Business Leaders worldwide to ensure that compensation and benefits programs align with Group strategy and key business initiatives. In Australia, the average gross pay for a compensation & benefits specialist is $91,729, which equates to a $44 hourly wage. Reviewing and designing compensation packages and bonus programs. Job Description. . In addition, leading a team and processes for Nielsen U.S. and LATAM regions as it relates to . Many employers prefer to hire managers who have a master's degree, particularly one with a concentration in human resources management, finance, or business administration (MBA). Supporting HR with recruitment and retention initiatives. The median annual wage for compensation and benefits managers was $122,270 in May 2019. In this course, the focus will be on compensation policies, programs, and activities. Although the work of lower-level compensation and benefits specialists is generally focused primarily on administrative tasks, the responsibilities . Ensures compliance with local wage and employment laws, including pay and benefits review and recommendations. A compensation manager must. Design, evaluate and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements. Compensation and benefits managers help add to growth and profitability by making sure that pay structures and benefits plans attract and retain a quality employees. To be successful in this role, you should have good knowledge of labor legislation and be familiar with organizational psychology and employee engagement. Our compensation and benefits manager job description template provides a detailed overview of the key duties, responsibilities, requirements, and skills for this position. Careers / Compensation and Benefits Managers. The compensation manager of a company is usually responsible for managing and organizing the pay structure of all employees whereas the benefits manager is employed to administer the company's employee benefits program. A compensation and benefits manager usually must determine an organization's pay structure and adjust compensation plans as needed. Usually, they enter the workplace as administrators for compensation and benefits, and then choose to specialize in one of those two areas. Competitive base salary ($72-94k DOE) plus bonus. Prospective compensation and benefits managers should begin by pursuing a bachelor's degree in human resources or a related field, such as business, finance, or management.