HR Managers: Know It All In 1 Minute
In this career summary, you will find out what the job of A HR Manager is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Compensation and Benefits Managers plan, direct, or coordinate compensation and benefits activities of an organization.
- Design, evaluate and modify benefits policies to ensure that programs are current, competitive and in compliance with legal requirements.
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
- Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
- Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
$121630 per year
$58.48 an hour
HR Managers with little to no experience tend to make between $60680 and $82210 while the more experienced ones make over $150600 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A HR Manager is to move to a higher paying state like NJ. Right now, the highest paying states for HR Managers are NJ, DE, NY, RI and CO.
However a higher pay at NJ doesn’t guarantee that you will make more because the living expenses at NJ might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A HR Manager is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
We asked other HR Managers what degree they had when they got the job and most of them said they had a Bachelors degree followed by Post-bachelor certificate.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A HR Manager successful or would they be good in this career.
Well, we found that most successful HR Managers have these 5 skillsets.
|Judgment and Decision Making|
In addition to that, 1 common characteristic among successful HR Managers is they are good at Integrity. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A HR Manager as your career.
|Suitable for people who likes to start and carry out projects|
|Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment|
|This career is perfect for people who love to work indoors.|
|One of the highest paid careers in the world|
|Not suitable for people who likes practical and handson work|
|It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
More than 40 hours per week
Regular (Set schedule and routine)
On a normal working week Compensation and Benefits Managers work More than 40 hours per week.
79% of HR Managers said they were satisfied with their job and 55% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Persuaders and The Organizers
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
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They conduct programs of compensation and benefits and job analysis for employer. May specialize in specific areas, such as position classification and pension programs.
They examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
They analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
They plan, direct, or coordinate human resources activities and staff of an organization.
They examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
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Related to Compensation and Benefits Managers Career Information
Compensation and Benefits Managers job description, Compensation and Benefits Managers salary, Compensation and Benefits Managers information, what is the job of a Compensation and Benefits Manager like, pros and cons about Compensation and Benefits Managers, colleges and universities for Compensation and Benefits Managers, is Compensation and Benefits Managers the right career for me, Quite Hard careers to get into, careers in Management
Additional resources http://www.bls.gov/OOH/management/compensation-and-benefits-managers.htm http://www.ifebp.org/ http://www.worldatwork.org/ http://www.shrm.org/
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