Compensation and Benefits Managers Salary in MD

Common 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.