In today's wavering economy, many employees want to ensure that they are receiving every last money-saving benefit that their company offers. In the field of human resource management, this is where the position of compensation coordinator comes into play.
Act Now! Activate a FREE three days trial to HRCrossing.com, because you know how important it is to know about all the jobs.
Compensation refers to wages, payments, executive benefits, health and medical benefits, damages, retiree pensions, and other workers' compensation plans. The management and overseeing of such is called compensation coordination. A compensation coordinator acts as a conduit between the company and those claiming benefits, as well as a source of information regarding granted benefits.
Education and Skills
Compensation coordinators need to understand how businesses are run, and also the roles and appropriate benefits for different members of any company. As such, this career choice requires an education in business. College degrees in business administration or management are favored for this role. These courses will equip you with knowledge of labor management, corporate know-how, and other information related to business and the proper running of such.
Computer skills, especially in spreadsheet programs and database management systems, are also necessary. Skills in word processing and presentation computer programs will aid in preparing information for reporting and delivery.
Statistical mathematics classes will prove very useful to a compensation coordinator, who may need to draw interpretations from large sets of data. Courses such as accounting and finance will sharpen the focus even further towards the goal of managing compensations.
As a compensation coordinator deals with all types of people on a daily basis, a background in speaking, as well as interpersonal relations is advised. Developing skills in argumentation may also be necessary when faced with problems regarding payouts and negotiations of compensation values. It will also prove useful when presenting information and interpretations to people in your company, especially if you need to make suggestions or to convince the group to take some course of action.
Finding Your Industry
Selecting an industry to focus on can be beneficial. Different industries will have varying requirements and common practices, as well as different laws governing them, so choosing one will allow deeper study into specific contexts. The details of each industry can only be picked up with diligence and dedication, so it is in the best interest of the prospective coordinator to specialize in one industry.
It can also be helpful to read up and understand the laws that govern the company such as federal and state laws. Not only will it give you the knowledge you will actually need in the execution of your duties, it will also show your determination come employment application interview time.
Keeping up on national trends in the industry of your specialization will keep you prepared to make suggestions and identify liabilities. Cost of living changes happen frequently, and workers' compensation standards also change every so often. So it is beneficial to keep an eye out on these happenings. Business magazines and newspapers, as well as industry-specific magazines will be the best source of information here.
Working Your Way into a Position
It may be necessary to begin at a lower position in a company, such as compensation analyst. Start with this and work towards a promotion. While doing so, you can identify any details specific to the company. The time you spend in these lesser jobs will allow you to familiarize yourself with the company, the groups within the company, compensation plans and benefits, and any software that the company utilizes for compensation management.
A Vital Link
Remember that compensation coordinators are a vital link between management and employees. As such, they must maintain a good relationship with both groups to ease the difficulties associated with this job. It is not easy to deal with people, especially when money is involved, but this is imperative to keeping everything running smoothly. Though this job may not always be an enviable one, it is pivotal in the world of business administration and labor management.
Anthony , San Francisco, CA
I just moved to the bay area and found a position right away using EmploymentCrossing. This position was not on any other job site. I advise every one to consult this site when job-hunting. It is well worth the fees I paid...Thanks!
Dorian , Brooklyn, NY
I have used EmploymentCrossing a couple of times while searching for a job. I have had a positive experience each time. I would advise others to consult this web site for the best selection of opportunities in the current job market.
Nigel , Brooklyn, NY
I have used EmploymentCrossing a couple of times in my job search. I have had a very positive experience each time. I do advise others to consult this website for the status of the current job market.
Ale , Tulsa, OK
This is a great website for those with a special interest in HR careers. Thank you.
Adcox , Broken Arrow, OK
Thank you for helping me in my job search - I just found a job.
To compare HRCrossing with other job sites
You Have Exceptional People Skills, Strong Organizational Capabilities, are a Master at Helping Others and Deserve Approval
Top jobs are scattered on the websites of tens of thousands of companies, organizations and other job boards. It requires creativity to bring everyone together: Through research we are able put these jobs in one place and give you the ability to see a variety of jobs you would not see elsewhere.
You value harmony and are good at creating it: Use us to analyze and evaluate the jobs you are interested in collected and organized from over 50,000 websites. You are honest, creative and imaginative and deserve the best.
Benefits Manager United States-NY-Albany
BENEFITS MANAGER The Patient Care Division of Northeast Health (Albany Memorial and Samaritan Hospital) has an immediate opening for a Benefits ....
According to the Department of Labor, the field of human resources is expected to grow by as much as 22 percent from 2008 to 2018. This translates to approximately 197,000 new jobs appearing in the human resource job bank within the same time period, which is very good news, indeed, for the thousands of human resource generalists and specialists.
I would definitely like to join EmploymentCrossing again if I need to switch my job in future. It was a lot more helpful compared to other websites.
Cheryl , Fond Du Lac, WI
I was told about EmploymentCrossing by a friend who found a very good job through this site. I will also tell others of this very useful job hunting tool.
Allison , Chicago, IL
The best thing about HRCrossing is that you can upload your resume and also have the option to apply online.
See Every Human Resources Job We Can Find on the Internet!
Unlike other sites, HRCrossing works for you and does not charge employers to post jobs and actually goes out and researches jobs for you. The jobs you see are the jobs we find for you and not the ones employers are paying us to post.
You Have Exceptional People Skills, Strong Organizational Capabilities, are a Master at Helping Others and Deserve Approval
Top jobs are scattered on the websites of tens of thousands of companies, organizations and other job boards. It requires creativity to bring everyone together: Through research we are able put these jobs in one place and give you the ability to see a variety of jobs you would not see elsewhere.
See all the jobs in your profession structured and efficiently organized in one place. Your honesty, ability to create harmony and people skills will all pay off when you have access to:
HR jobs from every job board we can find.
HR jobs from every newspaper classified ad we can find.
HR jobs from every specialized HR publication we can find.
HR jobs from every federal, state and local HR career page we can find.
HR jobs from every public interest, nonprofit and other career page we can find.
Tell us where to send your access instructions:
Today at HRCrossing
2,163 - Jobs found in last 24 Hours9,635 - Jobs found in last 7 Days36,633 - Total Jobs Found
Your privacy is guaranteed. We will never give out, lease, or sell your personal information.
HRCrossing - #1 Job Aggregation and Private Job-Opening Research Service — The Most Quality Jobs Anywhere
HRCrossing is the first job consolidation service in the employment industry to seek to include every job that exists and not charge employers to post jobs on its site.
HRCrossing uses sophisticated technology and manual work to comb employer websites and other job boards for jobs and bring them all to its site.