ICR

Compensation and Benefits Managers :

Plan, direct, or coordinate compensation and benefits activities of an organization.


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About the Job


Indiana Average Salary $93,330.00
Average Time to Fill 41 days
Typical Education Bachelor's Degree
Typical Experience Over 4 years, up to and including 6 years
10 Year Projected Openings (2014-2024) 112
10 Year Expected Percentage Change (2014-2024) 9.72 %

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Skills Profile


Essential (Soft) Skills

Essential Skills to Employers

Critical Thinking
Decision-making
Information Gathering
Attention to Detail
Integrity
Creativity
Written Communication
Leadership
Resource Allocation
Organization
Oral Communication
Professionalism
Conflict Management
Teamwork
Problem-solving

Top Job Duties and Responsibilities

Making Decisions and Solving Problems

Conduct job analysis
Align employee career motives to job performance objectives
Design compensation models
Recommend personnel actions such as promotions, transfers, and dismissals
Implement supply chain management processes
Develop wage systems for workers
Develop personnel performance objectives
Implement employee compensation and benefit plans
Implement employee bargaining agreements
Administer compensation or benefits programs
Implement company or staff policies
Execute employee bargaining agreements
Terminate relationship with clients or vendors
Terminate employment of employees or contractors

Thinking Creatively

Develop compensation plan
Design talent readiness or succession plans
Integrate job classification structure into human resource management systems
Develop operational policies, procedures, or standards
Develop business, financial, or operational policies, procedures, or standards
Develop employee handbook
Develop evaluation instrument or objectives
Develop business or organizational policies, programs, or standards
Develop records management systems
Establish employee performance standards
Design human resource management performance metrics

Training and Teaching Others

Identify individual or group learning strategies
Maintain knowledge of formal and informal learning activities
Develop integrated learning environments
Coordinate employee continuing education programs
Prepare human resources related reports or presentations
Develop training materials
Develop employee orientation materials
Monitor employee learning or development progress
Orient new employees
Train personnel on managerial topics
Train others in the use of human resources related equipment or tools

Judging the Qualities of Things, Services, or People

Evaluate company recruiting needs
Identify employee learning needs
Evaluate contract personnel performance
Evaluate employee performance
Evaluate technology and communication infrastructure
Forecast consumer behavior
Evaluate equity and debt financing options
Evaluate capital projects
Evaluate personnel policies, practices, or benefits
Evaluate program effectiveness

Provide Consultation and Advice to Others

Advise others on human resources topics
Provide labor relations advice to management or labor unions
Recommend measures to ensure maximum employee protection
Consult stakeholders about innovation and market opportunities
Recommend organizational process or policy changes
Recommend improvements to work methods, procedures, or products
Develop employee dismissal guidelines
Recommend action to ensure legal or regulatory compliance
Collaborate with corporate counsel on legal human resources issues
Prepare financing options and recommendations

Analyzing Data or Information

Analyze business or organizational operating practices or procedures
Perform SWOT analysis
Analyze data to inform personnel decisions
Analyze employment and personnel data
Employ basic business mathematical formulas
Perform market segmentation analysis
Conduct industry or market analysis
Conduct financial or regulatory audits
Analyze administrative, financial, and operational budgets
Perform cost benefit analysis

Documenting/Recording Information

Draft employment agreements
Prepare data rights policy
Draft legally binding agreements
Prepare reports related to compliance matters
Maintain job descriptions
Maintain personnel records
Document organizational or operational procedures
Maintain regulatory or compliance documentation
Maintain accounting journals
Prepare financial reports

Guiding, Directing, and Motivating Subordinates

Direct implementation of new procedures, policies, or programs
Manage individual and organizational contracts
Manage broad organizational programs or initiatives
Oversee execution of organizational or program policies
Implement human resource programs
Supervise human resources personnel
Assign work to staff or employees


Real-Time Job Posting Statistics


Booster Skills & Certifications

Job Seekers possessing booster skills & certifications, such as those listed below, added to core skills are more marketable, harder to find and expensive to hire.

Hard to Fill: Employers find positions requiring these skills to be hard to fill. These skills and certifications make a job seeker more in demand because the skills are not widely available.

Expensive to Fill: Employers find positions requiring these skills to be expensive to fill. Job seekers with these skills and certifications are likely to earn more money.

Skill or Certification Certi - fication Hard to Fill Expensive to Fill
ERISA
Staff Management
Accounting
Total Rewards Strategy
Benchmarking
Legal Compliance
Sales



Department of Workforce Development Resources