• Apple Pay
  • Venmo
  • Escrow
  • Usaa
  • Escrow
  • Chime
  • Grubhub
  • Student Discount
  • Reviews
  • Credit Card
  • Electronic Benefits Transfer (EBT)
  • Looking for a Job
    • Six Month Certificate Programs
    • Highest paying agriculture jobs
    • Best paying jobs in industrial machinery/components
    • Jobs at 14
    • Jobs that don’t require college
    • Interview
      • Behavioral questions and answers for interviews
      • Technical Interview
      • Sample thank you email after interview
      • You were fired on an application
    • Job Application
      • Kohl’s Job Application
      • Baskin Robbins Hiring Age
      • Subway Hiring Age
      • Target Hiring Age
      • Apply to hobby lobby
    • Job Profiles
      • Physiologist
      • Golf Caddy
      • Environmental Consultant
  • Student Finance
    • Credit Card
      • Maurices Credit Card Payment
      • How can I pay my Verizon bill?
      • How to Pay my TJ Maxx Credit Card?
      • How To Apply For Dicks Sporting Goods Credit Card?
      • How Suddenlink bill can be paid?
      • How to make Furniture Row credit card payment?
      • Bed Bath & Beyond’s Credit Card Payment Process
    • Netspend Atm
    • Trial deposit Amazon Creditbuilder
    • Transfer Money From EDD Card to a Bank Account
    • Credit online shopping
    • Transfer funds with Routing and Account Number
  • Student loans
    • Increase Total Loan Balance
    • Bad Credit Loans Urban BCL
    • Reduce Total Loan Cost
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Borrow money from a millionaire
    • H&R block Emerald Advance
    • Chevy offer 0 Financing
    • Days Mortgage Approval
    • Mortgage on 1 million
  • Insurance
    • Subscriber Id Insurance Card
    • United American Insurance Provider Portal
    • Unregistered Vehicle with Insurance
    • Home Insurance Claim Adjuster Secret Tactics
    • Agi renters condo insurance
    • Walgreens accepted insurance
    • Dentist that take caresource
    • Redpoint county mutual insurance company
    • Insurance walgreens accepts
    • Cricket wireless insurance claim
  • Social Security
    • Stop paying child support
    • Home depot health check
    • Beat contempt of court for child support
    • Medical Schools that don’t require mcat
    • Social security Recipients Stimulus check
    • Find 401k Social Security Number free
    • Cash Advance Unemployment Benefits
    • Laminate Social Security Card
  • Ubication
  • Looking for a Job
    • Six Month Certificate Programs
    • Highest paying agriculture jobs
    • Best paying jobs in industrial machinery/components
    • Jobs at 14
    • Jobs that don’t require college
    • Interview
      • Behavioral questions and answers for interviews
      • Technical Interview
      • Sample thank you email after interview
      • You were fired on an application
    • Job Application
      • Kohl’s Job Application
      • Baskin Robbins Hiring Age
      • Subway Hiring Age
      • Target Hiring Age
      • Apply to hobby lobby
    • Job Profiles
      • Physiologist
      • Golf Caddy
      • Environmental Consultant
  • Student Finance
    • Credit Card
      • Maurices Credit Card Payment
      • How can I pay my Verizon bill?
      • How to Pay my TJ Maxx Credit Card?
      • How To Apply For Dicks Sporting Goods Credit Card?
      • How Suddenlink bill can be paid?
      • How to make Furniture Row credit card payment?
      • Bed Bath & Beyond’s Credit Card Payment Process
    • Netspend Atm
    • Trial deposit Amazon Creditbuilder
    • Transfer Money From EDD Card to a Bank Account
    • Credit online shopping
    • Transfer funds with Routing and Account Number
  • Student loans
    • Increase Total Loan Balance
    • Bad Credit Loans Urban BCL
    • Reduce Total Loan Cost
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Borrow money from a millionaire
    • H&R block Emerald Advance
    • Chevy offer 0 Financing
    • Days Mortgage Approval
    • Mortgage on 1 million
  • Insurance
    • Subscriber Id Insurance Card
    • United American Insurance Provider Portal
    • Unregistered Vehicle with Insurance
    • Home Insurance Claim Adjuster Secret Tactics
    • Agi renters condo insurance
    • Walgreens accepted insurance
    • Dentist that take caresource
    • Redpoint county mutual insurance company
    • Insurance walgreens accepts
    • Cricket wireless insurance claim
  • Social Security
    • Stop paying child support
    • Home depot health check
    • Beat contempt of court for child support
    • Medical Schools that don’t require mcat
    • Social security Recipients Stimulus check
    • Find 401k Social Security Number free
    • Cash Advance Unemployment Benefits
    • Laminate Social Security Card
  • Ubication
No Result
View All Result
No Result
View All Result

Compensation & Benefits Manager • Job Description, Salary & Benefits

by All about Careers
17 November, 2020 - Updated on 25 August, 2021
in Job Profiles

Compensation and benefits managers (a.k.a. payroll managers or rewards managers) are the human resource specialists that hold the purse strings. Essentially, these guys are in charge of designing, developing, implementing and managing salary, bonus and benefits packages for the employees of an organisation.

As well as administering the actual wages that people receive, these dynamic HR professionals manage the endowment of pensions, health insurance, annual bonuses, commission payments, company cars, cycle-to-work schemes and other lifestyle benefits.

If you enter this profession, you’ll be responsible for collecting market data on the gross and net remuneration packages which are offered for employees across the industry in which your organisation operates.

Salary and benefits packages are vital for enticing new talent and keeping hold of your current staff. Consequently, you’ll be conducting research to find out what your company’s direct competitors are offering their employees.

Based on your analysis of this data, you’ll be making recommendations to senior management about tweaking your organisation’s compensation and benefits packages. Once these suggestions have gained approval, you’ll be in charge of implementing the necessary changes.

Furthermore, you’ll be responsible for making sure that the compensation packages for employees with the same level of experience and responsibilities are on a par, particularly in instances where no quantitative performance criteria have been set.

It’ll also be your responsibility to make sure that your organisation’s compensation and benefits packages comply with statutory and regulatory requirements, such as minimum salaries and tax liabilities. Finally, you’ll also be responsible for actually managing your company’s payroll.

Check ➤  Manufacturing Systems Engineer • Job Description, Salary & Benefits

Many companies, particularly large or multinational corporations, outsource their entire payroll operations. In such cases, your job as a compensation and benefits manager is more likely to focus on policy development, strategic management and coordinating the outsourced payroll activities from a distance.

Some compensation and benefits managers are employed by outsourced service providers, and handle the compensation and benefits process for a handful of client companies.

Contents

  • Salary & benefits
  • Working hours
  • Entry
  • Training & progression

Salary & benefits

Annual salaries for compensation and benefits managers may vary from salaries received by HR generalists.

However, it’s likely that compensation and benefits managers will start their careers as generalist human resources officers before specialising. At this level, you’re likely to earn between £20,000 and £30,000 per annum.

Once you’ve become a fully-fledged compensation and benefits manager, your salary is likely to increase to between £30,000 and £100,000 a year.

Candidates with relevant professional qualifications may earn higher salaries. For example, a payroll manager with a chartered accountancy qualification, or a benefits manager with a law degree and specialisation in employment law, may stand to earn more than someone with a regular undergraduate degree in an unrelated discipline.

Working hours

The working hours for compensation and benefits managers are generally quite regular. These guys normally work five days a week on a nine-to-five basis. Extra evening and weekend work is usually uncommon.

HR professionals with responsibility for more than one office location may be required to travel around from time to time.

Entry

An undergraduate degree (2:1 minimum) in any discipline is acceptable for entry into most organisations. However, an academic qualification in a relevant subject, such as human resources management, business studies, management studies or psychology, may be preferable.

Check ➤  Learning Disability Nurse • Job Description, Salary & Benefits

Since HR is a popular profession and the competition is fierce, gaining prior work experience will certainly be advantageous.

Training & progression

Many organisations offer structured graduate development schemes, which involve formal training sessions and rotations across various areas of the HR department.

The majority of organisations will also provide financial support for employees looking to obtain relevant professional credentials from the Chartered Institute of Personnel and Development (CIPD).

As you progress in your career, you’ll gain more strategic and managerial responsibilities and will take a step back from hands-on payroll administration tasks.

Another alternative career path is to become self-employed and work as a freelance compensation and benefits consultant.

Click to rate!
[Total: 0 Average: 0]
Related Posts:
  1. Educational Psychologist • Job Description, Salary & Benefits
  2. Exercise Physiologist • Job Description, Salary & Benefits
  3. Games Tester • Job Description, Salary & Benefits
  4. Teaching Laboratory Technician • Job Description, Salary & Benefits
  5. Hydrographic Surveyor • Job Description, Salary & Benefits
  6. Learning Mentor • Job Description, Salary & Benefits
  7. AV Consultant • Job Description, Salary & Benefits
  8. Lighting Technician (Broadcasting/Film) • Job Description, Salary & Benefits
Was this Content Helpful?
YesNo

+ Categories

  • ACCOUNTING
  • CANCELING
  • COMPARATIVE
  • INVESTING
  • TRAVEL

Cash App

  • Bank cash app on plaid
  • Apps that pay instantly to cash app
  • Cash app bank name
  • Hack cash app with your name
  • Random person sent me money on cash app
  • Send money on cash app without debit card
  • Transfer money from gift card to cash app
  • Cash app payment completed but not received
  • how to add money to cash app card at walgreens
  • Need a debit card for cash app

Doordash

  • Doordash background check take
  • Free food on doordash
  • Make $500 a week with doordash
  • Doordash close
  • How old do you have to be to doordash
  • Chick fil a pickup

Paypal

  • Convert amazon gift card to paypal
  • Transfer visa gift card balance to paypal
  • Make $1000 per day
  • Split payment on paypal
  • Paypal pay in 4 refund
  • How old do you have to be to have a paypal
  • Buy money order online with paypal
  • Increase paypal credit limit

Zelle

  • Chime have zelle
  • Use zelle without a bank account
  • Ally zelle limit
  • Zelle with a credit card
  • Huntington bank have zelle
  • Varo work with zelle

Taxes

  • 971 irs code
  • Tax refund schedule chart
  • irs code 570
  • Code 150 irs transcript
  • Mail tax return regular envelope
  • 766 irs code
  • Form 1099-repossession house
  • Sales tax rate orange county
  • K-1 loss affect my taxes
  • Shopify report to irs

Careers

  • APPRENTICESHIPS
  • CAREER INDUSTRY
  • CAREER PATH
  • COLLEGE
  • COURSES
  • COVER LETTER
  • DEGREE
  • INTERNSHIPS
  • POSTGRADUATE
  • RANKINGS
  • REVIEWS
  • SCHOLARSHIPS
  • SELF EMPLOYMENT
  • STUDENT DISCOUNT
  • UCAS
  • UNIVERSITY
  • WORK EXPERIENCE
  • ABOUT US
  • CONTACT
  • TERMS & CONDITIONS
  • PRIVACY POLICY & GDPR
  • COOKIE POLICY
  • DISCLAIMER
  • JOBS

© 2004 - 2022 allaboutcareers.com

No Result
View All Result
  • Looking for a Job
    • Six Month Certificate Programs
    • Highest paying agriculture jobs
    • Best paying jobs in industrial machinery/components
    • Jobs at 14
    • Jobs that don’t require college
    • Interview
      • Behavioral questions and answers for interviews
      • Technical Interview
      • Sample thank you email after interview
      • You were fired on an application
    • Job Application
      • Kohl’s Job Application
      • Baskin Robbins Hiring Age
      • Subway Hiring Age
      • Target Hiring Age
      • Apply to hobby lobby
    • Job Profiles
      • Physiologist
      • Golf Caddy
      • Environmental Consultant
  • Student Finance
    • Credit Card
      • Maurices Credit Card Payment
      • How can I pay my Verizon bill?
      • How to Pay my TJ Maxx Credit Card?
      • How To Apply For Dicks Sporting Goods Credit Card?
      • How Suddenlink bill can be paid?
      • How to make Furniture Row credit card payment?
      • Bed Bath & Beyond’s Credit Card Payment Process
    • Netspend Atm
    • Trial deposit Amazon Creditbuilder
    • Transfer Money From EDD Card to a Bank Account
    • Credit online shopping
    • Transfer funds with Routing and Account Number
  • Student loans
    • Increase Total Loan Balance
    • Bad Credit Loans Urban BCL
    • Reduce Total Loan Cost
    • Canceling Student Loan Debt
    • Unsubsidized Student Loan
    • Borrow money from a millionaire
    • H&R block Emerald Advance
    • Chevy offer 0 Financing
    • Days Mortgage Approval
    • Mortgage on 1 million
  • Insurance
    • Subscriber Id Insurance Card
    • United American Insurance Provider Portal
    • Unregistered Vehicle with Insurance
    • Home Insurance Claim Adjuster Secret Tactics
    • Agi renters condo insurance
    • Walgreens accepted insurance
    • Dentist that take caresource
    • Redpoint county mutual insurance company
    • Insurance walgreens accepts
    • Cricket wireless insurance claim
  • Social Security
    • Stop paying child support
    • Home depot health check
    • Beat contempt of court for child support
    • Medical Schools that don’t require mcat
    • Social security Recipients Stimulus check
    • Find 401k Social Security Number free
    • Cash Advance Unemployment Benefits
    • Laminate Social Security Card
  • Ubication

© 2004 - 2022 allaboutcareers.com