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Job Tasks of the Compensation Manager: •A Compensation Manger designs, evaluates and modifies benefits policies to ensure that programs are current, competitive and in compliance with legal requirements. •A Compensation Manager analyzes compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plans. •A Compensation Manager fulfills all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act. •A Compensation Manager directs preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies. •A Compensation Manager administers, directs, and reviews employee benefit programs, including the integration of benefit programs following mergers and acquisitions. •A Compensation Manager plans, directs, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations. •A Compensation Manager identifies and implements benefits to increase the quality of life for employees, by working with brokers and researching benefits issues. •A Compensation Manager must manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions. •A Compensation Manager prepares detailed job descriptions and classifications systems and defines job levels and families, in partnership with other managers. •A Compensation Manager prepares budgets for personnel operations.
in written form. agency rules. statistics. and personnel information systems. •The Compensation Manager must have knowledge of laws. coworkers. reasons. calculus. labor relations and negotiation. and subordinates by telephone. legal codes. Work Activities for the Compensation Manager: •The Compensation Manager provides information to supervisors. •The Compensation Manager must observe. •The Compensation Manager must have knowledge of economic and accounting principles and practices. selection. executive orders. geometry. •The Compensation Manager must have knowledge of arithmetic. rules of composition. precedents. compensation and benefits. production methods. the financial markets. meeting quality standards for services. and their applications.Knowledge Requirement for Compensation Managers: •The Compensation Manager must have knowledge of principles and procedures for personnel recruitment. leadership technique. or in person. human resources modeling. and evaluation of customer satisfaction. •The Compensation Manager must have knowledge of principles and processes for providing customer and personal services. •The Compensation Manager must have knowledge of business and management principles involved in strategic planning. •The Compensation Manager must have knowledge of the structure and content of the English language including the meaning and spelling of words. receive. . training. This includes customer needs assessment. banking and the analysis and reporting of financial data. •The Compensation Manager must be able to identify the underlying principles. and coordination of people and resources. and grammar. court procedures. and otherwise obtain information from all relevant sources. government regulations. or facts of information by breaking down information or data into separate parts. e-mail. algebra. and the democratic political process. resource allocation.
responsible. and accomplish their work. •The Compensation Manager must develop constructive and cooperative working relationships with others. . or verifies information and data. tabulates. •The Compensation Manager compiles. or standards.•The Compensation Manager must analyze information and evaluate results to chose the best solution and solve problems. regulations. organize. •The Compensation Manager uses computers and computer systems (including hardware and software) to program. set up functions. and maintain them over time.natured. •The Compensation Manager develops specific goals and plans to prioritize. calculates. •The Compensation Manager must keep up-to-date technically and apply new knowledge to their job. or process information. •The Compensation Manager also knows that he is required to be reliable. categorizes. •The Compensation Manager is required to analyze information and use logic to address work-related issues and problems. cooperative attitude. •The Compensation Manager uses relevant information and individual judgment to determine whether events or processes comply with laws. and fulfilling obligations. codes. enter data. •The Compensation Manager must be pleasant with others on the job and display a good. •The Compensation Manager is required to be honest and ethical showing their integrity. •The Compensation Manager is required to be very careful about detail and thorough in completing work tasks. audits. write software. and dependable.