0
A compensation and benefits manager is an important part of any office, and many employees may consider her to be the most important member of the office. She coordinates all salaries and bonuses for employees of a company. She is not in charge of assigning raises, but she is in charge of making sure they’re carried out. She’s also in charge of putting together benefits packages for employees and answering any questions employees have about those packages.
In some companies, the compensation and benefits manager may be called the human resources manager. She’s a go-between for company management, who chooses the compensation and benefits employees receive, and the employees themselves. She keeps track of the hours an employee works and creates his paycheck. She keeps track of all vacation, sick and personal time an employee accumulates and uses. She must have a thorough understanding of all health insurance benefits available to employees so she can explain them. She also must be familiar with the company’s 401k or other retirement benefits plan so she can explain these benefits to employees.
In some large companies with multiple offices, the compensation and benefits manager is in charge of coordinating benefits between offices. She makes sure that benefits are in line with each other across the board. In some cases, that means taking into account different costs of living if offices are geographically distant from each other.
A compensation and benefits manager must be able to relate well to people, as she’ll spend time explaining issues to employees and making sure employees are happy. She also spends a lot of time doing office computer work. In most cases, a candidate for the job should have a Bachelor’s degree in business or a related field. Sometimes, a company may hire a candidate with appropriate experience even if she doesn’t have a degree. Some companies may require ongoing training to keep up with changes in compensation and benefits practices or toward becoming a Certified Employee Benefits Specialist.
Earnings for a compensation and benefits manager vary with the size of the company and the years of experience. A low-end salary is around $45,000 annually. A high-end salary may be $90,000 or more.
What else can I help you with?
What is retrenchment compensation?
Retrenchment means lay off of employees from the company on account of many reasons like, company going in debt or company's need to cut down the payroll, etc. The compensation given at that time to the employees for firing of them without any notice is called retrenchment compensation.
You are the marketing manager of a company You are going to introduce a new?
plz sent me complete answer of this question
If you collect workers compensation because hurt on job and now are going to recevice social secerty disabiliy do you still get the same amount from workers compensation?
You are eligible for the same amount from workers' compensation, but social security will claim an offset (reduction in benefits) for the amount you receive from the workers' compensation payments.
Is it ethical for a company to promise benefits and then years later walk away from the promise?
People are going to have different points of view. Generally, it's going to be seen as unethical for a company to promise benefits, and then walk away from the promise years later.
What happens if worker's compensation has been ruled in your favor and the insurance company has not paid?
Communication with both the insurance company and your company may make the difference in knowing what is going on. If you do not get a response, you may have to return to court to get a judgement. Check with your lawyer.
What is employee separation compensation?
Employee separation compensation is an amount of money above regular wages. It is paid to employees who are leaving a company. Generally, this extra money is only paid when the company is going to be downsizing, is sold, or is going to close. An employee may also be offered separation compensation as an incentive to retire early.
Become a Manager?
Some people think the only way to become manager of a clothing store is by "putting in one's time" at a company. This is not true. One way to quickly become a manager at a store is by going through a manager training program at a college. A manager training program gives you leadership skills to become a manager.
What are the employee benefits available to mechanics?
Benefits depend on what the company you work for can afford to provide. Obviously, the best benefits are going to be with large companies, like dealerships.
Has Bill Gates sold Microsoft?
No, because he is still the chairman of Microsoft and will keep the microsft company and he is going to be the co. manager of Microsoft.
A company is going to terminate employee for utilizing a company tool to build business. This employee did not initiate utilizing the tool but followed another manager. This other manager will not be terminated. It has been used for awhile and wasn't issu?
Unfortunately, rank has its privileges. If the employee who was utilizing the tool knew it was wrong, it doesn't matter because he knew he was in the wrong anyways, regardless of what the manager was doing
How do i know if im going to the best credit company?
Credit companies mostly offer the same benefits. They only differ in charges or interests.
Who is going to be manager of Southampton?
The new Southampton manager is Mauricio Pochettino. As of 2013.
