Plan, direct, or coordinate compensation and benefits activities of an organization.
What you can expect to experience while on the job
Employment of compensation and benefits managers is projected to grow 3 percent from 2018 to 2028, slower than the average for all occupations. Organizations continue to focus on reducing compensation and benefits costs. Many firms have attempted to reduce costs by introducing various strategies, such as pay-for-performance and health and wellness programs. Organizations will need managers to evaluate and direct these compensation and benefits policies and plans. However, many organizations contract out a portion of their compensation and benefits functions to human resources consulting firms in order to reduce costs and gain access to technical expertise. For example, to reduce administrative costs, organizations commonly use an outside vendor for processing payroll and insurance claims. These consulting firms can automate tasks and operate call centers to handle employee questions, thereby reducing the need for compensation and benefits managers.Read More
Gray states indicate no data available
People in this career achieve this level of education.
Select major to see colleges that offer it
Skills helpful in this career