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Compensation and benefits manager: Job description and activities

A compensation and benefits manager has responsibility for developing, implementing and administering the organisation's rewards and benefit policies. This includes salaries and bonuses plus employee benefits, such as pensions. Life assurance, profit-sharing, company cars and medical insurance packages may also be an area of responsibility, as well as arranging relocation and expatriate packages. The terminology used to describe this area of work varies - job titles may include compensation and rewards manager and remuneration manager.

Within very large organisations there may be specialist managers who deal with only one aspect of compensation and benefits work, such as the company pension scheme, payroll or the salary structure. For those staff working across all areas of this specialism, typical duties include:

• monitoring the organisation's salary structure and benefits provision to ensure a balance between control of costs and attracting and retaining staff;
• researching and analysing salary rates and benefits offered by other employers in the same sector;
• undertaking job evaluations to ensure that the differences in pay between those doing different jobs within the organisation are fair and are perceived to be so;
• making recommendations on changes to pension and insurance schemes;
• identifying and determining the causes of personnel problems and developing recommendations for improvement;
• developing and implementing new benefit packages, ensuring that these are current and competitive and in line with legal requirements;
• negotiating with union representatives on issues relating to pay and benefits;
• managing the payroll system;
• developing and maintaining personnel record systems in accordance with current legislation.

For more information see Human resources officer.

AGCAS

Written by Simon Thompson, University of Derby

Last updated:

August 2008

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