_____ Enterprising Occupations: Compensation and Bene! ts Managers
Enterprising–
C
responsibilities to them. Direct human resources
activities, including the approval of human resource
plans and activities, the selection of directors and
other high-level staff , and establishment and orga-
nization of major departments. Preside over or serve
on boards of directors, management committees, or
other governing boards. Prepare and present reports
concerning activities, expenses, budgets, government
statutes and rulings, and other items aff ecting busi-
nesses or program services. Establish departmen-
tal responsibilities and coordinate functions among
departments and sites. Implement corrective action
plans to solve organizational or departmental prob-
lems. Coordinate the development and implemen-
tation of budgetary control systems, recordkeeping
systems, and other administrative control processes.
Direct non-merchandising departments such as
advertising, purchasing, credit, and accounting.
Deliver speeches, write articles, and present informa-
tion at meetings or conventions in order to promote
services, exchange ideas, and accomplish objectives.
GOE—Interest Area/Cluster: 04. Business and
Administration. Work Group: 04.01. Managerial
Work in Genera l Bu sine ss. Other Jobs in " is Work
Group: Compensation and Benefi ts Managers; Gen-
eral and Operations Managers; Human Resources
Managers; Training and Development Managers.
Skills: Management of Financial Resources; Man-
agement of Material Resources; Judgment and Deci-
sion Making; Negotiation; Management of Personnel
Resources; Systems Evaluation; Coordination; Oper-
ations Analysis.
Education and Training Programs: Business
Administration/Management; Business/Commerce,
General; Entrepreneurship/Entrepreneurial Studies;
International Business/Trade/Commerce; Interna-
tional Relations and Aff airs; Public Administration;
Public Administration and Services, Other; Pub-
lic Policy Analysis; Transportation/Transporta-
tion Management. Related Knowledge/Courses:
Economics and Accounting; Administration and
Management; Sales and Marketing; Personnel and
Human Resources; Law and Government; Medicine
and Dentistry.
Work Environment: Indoors; sitting.Compensation and Bene! ts
Managers
! Personality Code: ECS
! Education/Training Required: Work
experience plus degree
! Annual Earnings: $81,410
! Beginning Wage: $46,050
! Earnings Growth Potential: High
! Growth: 12.0%
! Annual Job Openings: 6,121
! Self-Employed: 1.4%
! Part-Time: 2.7%Plan, direct, or coordinate compensation and ben-
efi ts activities and staff of an organization. De sig n,
evaluate, and modify benefi ts policies to ensure that
programs are current, competitive, and in compli-
ance with legal requirements. Analyze compensa-
tion policies, government regulations, and prevailing
wage rates to develop competitive compensation
plans. Fulfi ll all reporting requirements of all rele-
vant government rules and regulations, including the
Employee Retirement Income Security Act (ERISA).
Direct preparation and distribution of written and
verbal information to inform employees of bene-
fi ts, compensation, and personnel policies. Admin-
ister, direct, and review employee benefi t programs,
including the integration of benefi t programs fol-
lowing mergers and acquisitions. Plan, direct, super-
vise, and coordinate work activities of subordinates
and staff relating to employment, compensation,
labor relations, and employee relations. Identify and
implement benefi ts to increase the quality of life for
employees by working with brokers and researching
benefi ts issues. Manage the design and development
of tools to assist employees in benefi ts selection and
to guide managers through compensation decisions.
Prepare detailed job descriptions and classifi cation
systems and defi ne job levels and families in partner-
ship with other managers. Prepare budgets for per-
sonnel operations. Formulate policies, procedures,