Benefits & Compensation Manager

Location: Souderton, PA
Date Posted: 08-04-2018

Job Responsibilities
Daily responsibilities and duties of compensation and benefits specialists include:
  • Researching and managing compensation and benefits policies and plans
  • Ensuring compensation and benefit plans are cost-effective and competitive
  • Monitoring and researching compensation and benefits trends
  • Comparing benefits and compensation plans, job classifications, and salaries through data and cost analyses
  • Designing reports and recommendations based on research and analysis for senior executive team
  • Preparing and updating job descriptions and occupational classifications
  • Ensuring company is compliant with state and federal laws
  • Collaborating with outside vendors, such as investment brokers and benefits vendors
Compensation
  • Assessing the organization’s pay structure
  • Manage all job classes, pay scales and pay structure 
  • Researching compensation trends and reviewing compensation surveys
  • Evaluating compensation policies
  • Ensuring that the pay practices comply with state and federal laws and regulations
Benefits
  • Administering the organization’s benefits programs (e.g., retirement plans, leave policies, wellness programs, insurance policies, etc.)
  • Administer Family Medical Leave & Disability administration
  • Researching and analyzing benefits plans, programs, and policies
  • Making recommendations based on data analyses
  • Monitoring government regulations, legislation, and benefits trends
  • Working with insurance brokers and benefits careers
  • Managing the enrollment, renewal, and distribution processes
Job Analysis
  • Writing and revising job descriptions
  • Determining position classifications
  • Preparing and updating salary scales
  • Making recommendations to managers regarding job descriptions, salaries, and classifications
Qualifications:
  • Prior experience in healthcare required
  • BA Degree required
  • Strong with numbers: Compensation and benefits specialists tend to be numbers-oriented, as this career involves a great deal of quantitative analysis.
  • Analytically inclined: The HR compensation and benefits profession requires professionals with strong analytical capabilities, as they are required to analyze trends, surveys, and spreadsheets as to determine compensation and benefits strategies.
  • Detail-oriented: Compensation and benefits strategies are highly technical in nature, and the work involves a considerable amount of research and the interpretation of data. Therefore, compensation and benefits managers must be detail-oriented as to understand how compensation fits into the overall objectives of the organization.
  • Great communication: Compensation and benefits specialists must be able to communicate effectively with employees and senior executives. They must also be comfortable presenting programs to employee groups and members of senior management.
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