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Compensation manager skills for your resume and career
15 compensation manager skills for your resume and career
1. Human Resources
Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.
- Researched and made recommendations in regard to revision or creation of human resources policies and presented finalized documents to leadership.
- Provided compensation consultation to Senior Human Resources Business Partner and Executive Committee Members supporting Business Services and the Corporate Functions.
2. HRIS
- Managed and integrated multiple, non-communicating HRIS database systems.
- Performed analysis and recommendations based on HRIS audits.
3. Compensation Policies
- Direct preparation and distribution of written and verbal information to inform employees of compensation policies.
- Recommended compensation policies, procedures, and practices for maintaining external competitiveness and internal equity.
4. Compensation Practices
- Led integration of positions and compensation practices for North American division of global acquisition.
- Led compensation team to ensure competitive compensation practices.
5. Customer Service
Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.
- Evaluate existing customer service replies to customers to improve communication and education of employees and customers.
- Developed an incentive plan for project managers to focus on accountability and enhance customer service.
6. Base Pay
Base pay is the salary paid to an employee before any other considerations like bonuses, stock, or benefits. Base pay is used to create proper compensation plans with just and market-level compensation packages employees. Government policies and salary structures must be taken into account when formulating these plans.
- Reevaluated, refined, reorganized and implemented compensation programs including base pay programs, incentive packages and management bonus programs.
- Developed and presented recommendations for base pay and incentive programs to executive leadership team.
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- Developed and implemented compensation strategy to link merit increases with new appraisal form.
- Worked closely with senior management on sales compensation strategy and design.
8. Market Data
Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.
- Aligned compensation market data to Ally jobs to ensure that total rewards aligned with Corporate Compensation Philosophy.
- Conduct competitive practices and market data research and complete internal equity reviews ensuring executive compensation remains competitive.
9. FLSA
- Developed and trained personnel specialists on FLSA regulations and Position Description Writing.
- Reviewed FLSA overtime eligibility and exemption for Program Coordinator 2 positions.
10. Plan Design
Plan design refers to preparing a benefits, insurance, or transportation plan for a specific person. Depending on what a company is able to offer to an employee, a different benefits or insurance plan may need to be created. This may require additional data research in order to determine what an employee may require from company benefits.
- Developed and introduced first plan document for management incentive plan to improve consistency and understanding of plan design and administration.
- Developed and implemented compensation programs including salary structures and variable/incentive plan designs and base salary administration.
11. Salary Surveys
- Assisted in the development of a region-wide compensation program by building salary structures and conducting and participating in salary surveys.
- Prepare benchmark salary surveys and conduct analysis of compensation survey results to ensure that our total compensation vehicles remain competitive.
12. Performance Management
- Managed Salary Administration/Compensation and Performance Management functions.
- Oversee the development and administration of manager training for recently hired or promoted managers, performance management and other various topics.
13. Compensation Issues
- Provided consultancy and strategic advice to business partners to proactively identify and remedy compensation issues with innovative solutions.
- Resolved complicated compensation issues and strategically stretched the distribution of limited budget dollars to make the greatest impact.
14. Compensation Philosophy
- Developed, published, and implemented compensation philosophy across multiple business units that ensures salary competitiveness and sustainability.
- Design, develop and manage competitive compensation programs in support of organization compensation philosophy.
15. Compensation Function
- Participated in the design and transformation of the compensation function for an integrated organization resulting from the Allied Waste/Republic Services merger.
- Managed work of compensation employee and facilitated interaction of compensation function with other human resource groups and business units.
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List of compensation manager skills to add to your resume
The most important skills for a compensation manager resume and required skills for a compensation manager to have include:
- Human Resources
- HRIS
- Compensation Policies
- Compensation Practices
- Customer Service
- Base Pay
- Compensation Strategy
- Market Data
- FLSA
- Plan Design
- Salary Surveys
- Performance Management
- Compensation Issues
- Compensation Philosophy
- Compensation Function
- Compensation Surveys
- Salary Structure
- Sales Compensation
- Market Analysis
- EEO
- Market Competitiveness
- Government Regulations
- Market Trends
- Develop Recommendations
- Compensation Administration
- Pay Structure
- Executive Compensation Programs
- Compensation Processes
- Base Salary
- Compensation Committee
- Compensation Structure
- Salary Administration
- Calculation
- Data Integrity
- Compensation Analysts
- Executive Leadership
- Salary Planning
- Incentive Compensation
- Shared Services
- Internal Equity
- Compensation Support
- OSHA
- Merit Increases
- Executive Management
- Compensation System
- Impact Analysis
- Accruals
- Compensation Professionals
- Training Programs
- Benchmarking Analysis
Updated January 8, 2025
