Director of Compensation / Benefits
Quick Facts
Median Salary$163,033
Most Common EducationBachelor's degree
Projected 10-Year Growth+15.26%
Assessment MatchTake the Assessment
What They Do
A Director of Compensation or Benefits is in charge of design, implementation, compliance, and evaluation of a company's compensation and benefits programs. Manages staff members of the compensation and benefits team. Advises senior management team on employee compensation topics.
Core Tasks:
- Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
- Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
- Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
- Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
- Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
- Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
- Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
- Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
- Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
- Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
- Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
What to expect as a Director of Compensation / Benefits
1Earn a Bachelor's degree
62% of people achieve this level of education.
2Gain skills and experience
See Director of Compensation / Benefits related courses on Tallo
3Land a job
1786 openings for Directors of Compensation / Benefits
Career Progression
in United States (Nation)
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