How Long Does It Take, What Degree Do You Need, and More
Compensation and Benefits Managers
Compensation and Benefits Managers plan, direct, or coordinate compensation and benefits activities of an organization.
What degree do you need
Bachelor’s Degree
One of the most common questions that we always get is what major or degree do I need to become Compensation and Benefits Managers or what courses do I need to take.
We also asked Compensation and Benefits Managers what did they major in college or university and here are the top 5 most popular majors that came up.
Human Resources Management |
Compensation and Benefits Managers need at least a bachelor’s degree for most positions, and some jobs require a master’s degree. Compensation and Benefits Managers often have a bachelor’s degree in business administration, business management, finance, or a related field. Many employers prefer to hire managers who have a master’s degree, particularly one with a concentration in human resources management, finance, or business administration (MBA).
How hard is it
You will need a considerable amount of work-related skill, knowledge or experience to be a Compensation and Benefits Manager. For example, an accountant must complete 4 years of college and work for several years in accounting to be considered qualified.
Careers in this difficulty category will usually need several years of work-related experience, on-the-job training, and/or vocational training. These careers usually involve coordinating, supervising, managing, or training others. Similar careers include sales managers, database administrators, chemists, and art directors.
License and certifications
Many professional associations for Compensation and Benefits Managers offer classes to enhance the skills and credibility of their members. Some associations, including the International Foundation of Employee Benefit Plans and WorldatWork, offer certification programs that specialize in compensation and benefits.
Skills required
We asked other Compensation and Benefits Managers if they could only have 5 skills, what would they be. Here is what they said.
1. | Reading Comprehension what does this mean |
2. | Active Listening what does this mean |
3. | Speaking what does this mean |
4. | Critical Thinking what does this mean |
5. | Judgement and Decision Making what does this mean |
= Hot in-demand that most employers are looking for
Knowledge required
Just like any other job, you will need certain know-hows to excel at your job. Compensation and Benefits Managers are generally very knowledgeable in these 5 key areas.
1. | Personnel and Human Resources what does this mean |
2. | Administration and Management what does this mean |
3. | English Language what does this mean |
4. | Mathematics what does this mean |
5. | Law and Government what does this mean |
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