A Compensation Manager plays a vital role in recruitment and retention. By completing Compensation Manager job duties, they can help your company offer compensation packages with competitive pay and benefits, increasing your chances of attracting quality candidates. In addition, their work makes it possible to offer pay increases and expanded benefits and perks that can increase job satisfaction and encourage employees to stay with your company. A skilled Compensation Manager can also help you control costs by developing creative solutions that add greater perceived value to compensation packages without requiring large increases in spending.
Що робить Compensation Manager?
A Compensation Manager, or Compensation and Benefits Manager, oversees the wages and benefits that employees receive for their work. They develop compensation programs, monitor their effectiveness and make revisions when necessary.
Обов'язки
Compensation Manager має бути в змозі виконувати різні обов'язки та відповідальність. Нижче наведено деякі обов'язки та відповідальність, які Compensation Manager повинен мати можливість виконувати:
Creating compensation programs that establish pay grades and criteria for raises
Developing new benefits programs to increase total compensation for employees
Researching market trends to evaluate the competitiveness of salaries
Reviewing, evaluating and revising compensation programs regularly
Conducting surveys to assess employee satisfaction with pay and benefits
Advising managers and supervisors about matters related to pay
Необхідні навички
Конкурентоздатний Compensation Manager матиме певні навички та кваліфікацію, зокрема:
Research and analytical skills to gather and interpret data
Computer skills to use spreadsheet, word processing, e-mail and HR software
Interpersonal and collaborative skills to work well with members of the management team
Problem-solving skills to find solutions to challenges
Management skills to delegate tasks related to developing and revising compensation plans
Extensive knowledge of laws related to compensation and benefits
Подібні пропозиції
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