Compensation and Benefits Manager Job Description Template

Use this Compensation and Benefits Manager job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.

Compensation and Benefits Manager Job Description Template

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Job Brief

We are looking for a Compensation and Benefits Manager that will establish best practices, attract high-quality employees and reduce turnover.

Compensation and Benefits Manager responsibilities include researching employee motives, implementing appealing rewards and tailoring benefit programs based on staff needs. To be successful in this role, you should have good knowledge of labor legislation and be familiar with organizational psychology and employee engagement.

Ultimately, you will build fair and attractive compensation and benefits plans that help us improve employee satisfaction and create a productive workplace.

Responsibilities

  • Design compensation packages and bonus programs that align with the company’s strategic plan
  • Ensure salaries and benefits comply with the current legislation about human rights and pay equity
  • Identify trends and implement new practices to engage and motivate employees
  • Conduct research on employee satisfaction (e.g. using surveys and quantitative data)
  • Renew our compensation plans with monetary and non-monetary benefits based on employee needs
  • Keep track of prevailing pay rates and make sure we offer competitive compensation plans
  • Draft job descriptions, job analyses and classifications
  • Structure compensation in ways that will yield the highest value for the organization
  • Evaluate and report on the effectiveness of employee benefit programs
  • Track compensation and benefits benchmarking data

Requirements

  • Experience as a Compensation and Benefits Manager or similar role
  • Hands-on experience with HRIS or payroll software
  • Knowledge of building compensation packages and bonus programs for various departments and seniority levels
  • Excellent understanding of job evaluation and job analysis systems
  • Good analytical skills
  • Familiarity with labor legislation
  • Experience with employee satisfaction surveys
  • BSc in Human Resources Management, Organizational Psychology, Finance or relevant field

What does Compensation and Benefits Manager do?

A Compensation and Benefits Manager is responsible for developing and administering programs that provide competitive compensation and benefits to employees. On a day-to-day basis, their tasks may include:

  1. Analyzing compensation data: They review salary surveys and analyze market conditions to ensure the company's compensation programs are competitive and align with industry standards.

  2. Conducting job evaluations: They assess the responsibilities and qualifications of different roles within the organization to determine appropriate salary ranges and job classifications.

  3. Administering employee benefits: They oversee the administration of employee benefits programs such as health insurance, retirement plans, and flexible spending accounts. This includes handling enrollments, changes, and terminations in benefits coverage.

  4. Managing compensation packages: They design and update salary structures, bonus programs, and commission plans based on performance evaluations and company goals.

  5. Ensuring regulatory compliance: They stay up-to-date with labor laws and regulations to ensure compensation and benefits programs comply with legal requirements, such as minimum wage laws and Fair Labor Standards Act (FLSA) regulations.

  6. Communicating with employees: They may answer employee inquiries regarding compensation and benefits plans, explain the details of different programs, and assist with resolving any issues related to compensation.

  7. Collaborating with HR and management: They work closely with HR colleagues and senior management to establish compensation philosophies, policies, and strategies that align with the company's overall goals and objectives.

  8. Monitoring industry trends: They research and stay informed about trends and best practices in compensation and benefits to make recommendations for program improvements and ensure the organization remains competitive in attracting and retaining talent.

Overall, the responsibilities of a Compensation and Benefits Manager involve a mix of data analysis, administration, communication, and strategic decision-making to ensure employees are fairly compensated and receive competitive benefits.

Compensation and Benefits Manager Job Description Examples

Human Resources Benefits Manager• Synerfac Technical Staffing

Manufacturing company located in Brooklyn, NY is seeking a Direct Hire Human Resources/Benefits Manager. Company has been in business since 1918 and the Global Headquarters is still located in Brooklyn today.

Description: Primarily responsible for designing, recommending, implementing and administrating approved employee benefits programs. Research, evaluate and make recommendations on the... ...

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Panera Bread Assistant Manager / Benefits / Mooresville Up To 42K• Covelli Enterprises (Panera)- North Carolina / Tennessee

Our Panera Bread locations in Mooresville are seeking restaurant managers to join our team! Compensation up to $42k/year PLUS bonuses and benefits!

A Fresh Approach to Work...

When you join Panera Bread as an Assistant Manager, you are joining in our belief that food should not only taste good but should also be good for you. As an Assistant Manager, you will be a part of something special wh...

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Payroll And Benefits Manager At University Of Rio Grande & Rio...• University of Rio Grande & Rio Grande Community Co

POSITIONSummary:Under general supervision of the Director of Human Resources this full-time administrative position manages the administration of payroll and benefits, serves as a partner in building and maintaining payroll budgets (in excess of $13M) with multiple payrolls per month (5), prepares annual financial & retirement plan audits, evaluates reports, decisions and results of departmen...

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Benefits Manager• Human Resources

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We are looking for a Client Service Account Manager/ Benefits manager...

The position is responsible for working collaboratively with all departments to coordinate and deliver services and products to our clients. This is a great opportunity to learn and gain experience of Human Resources matters. We offer a competitive base plus a comprehensive benefits package. We are a dyna...

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