Compensation managers are professionals who design pay system of organizations they are working with. They research on market strategies and pay policies to assure that their organization is offering correct pay and incentive packages to employees.
They play a vital role in attracting the best potential candidates to their organization. They also contribute in maintaining internal budget of companies. Big organizations maintain separate department for compensation managers. However, most companies maintain a single HR and Compensation department.
To land this profession, a Master's degree in Human Resource is required. Bachelor's degree can also provide employment scopes; however, this scope is very thin. This is a very lucrative profession for those who have required knowledge and skills.
If you are also looking forward to work in this profile, make sure that you have a well designed resume to highlight necessary skills. Below is a sample resume designed for this purpose. Go through this sample and use it to craft one winning resume for yourself.
__________________________________________________________________________________
Objective: With 3 years of experience as a Compensation Manager, looking forward to work in a similar profile, to utilize skills and relevant education in the field.
Skills:
The AZE Corporation, Texas
Designation: Compensation Manager
Duration: April 2012 - February 2013
Responsibilities:
Educational Background:
Masters Degree - Human Resource Management
Passed: 2012
They play a vital role in attracting the best potential candidates to their organization. They also contribute in maintaining internal budget of companies. Big organizations maintain separate department for compensation managers. However, most companies maintain a single HR and Compensation department.
To land this profession, a Master's degree in Human Resource is required. Bachelor's degree can also provide employment scopes; however, this scope is very thin. This is a very lucrative profession for those who have required knowledge and skills.
If you are also looking forward to work in this profile, make sure that you have a well designed resume to highlight necessary skills. Below is a sample resume designed for this purpose. Go through this sample and use it to craft one winning resume for yourself.
__________________________________________________________________________________
Grace Alexander
1642 Green Horizon Rd
Houston, Texas 777122
Ph: 713 666 2222
E: graceanderson@hotmail.com
Objective: With 3 years of experience as a Compensation Manager, looking forward to work in a similar profile, to utilize skills and relevant education in the field.
Skills:
- Extensive knowledge of administrative and clerical procedures
- Good communication skills
- Capable of displaying best interpersonal skills
Professional Experience:
Global Tech Services, Texas
Designation: Compensation Manager
Duration: March 2013 - Present
Responsibilities:
Global Tech Services, Texas
Designation: Compensation Manager
Duration: March 2013 - Present
Responsibilities:
- Researching on different market strategies and pay studies for employees
- Conducting regular pay surveys to compare company salary schemes with other leading organizations
- Overseeing performance evaluation system to decide special incentive amounts, bonuses and other employee benefits
- Coordinating with HR managers on various factors such as deciding pay scale for new designations or joiners
The AZE Corporation, Texas
Designation: Compensation Manager
Duration: April 2012 - February 2013
Responsibilities:
- Regular study to keep updated with new Federal laws and regulations
- Scheduling employee compensation reviews and assisted in evaluation
- Made and submitted strategic pay schemes for health benefits and retirement packages for approval from authorities
- Writing job descriptions and communicating with other managers on classifications
Educational Background:
Masters Degree - Human Resource Management
Passed: 2012
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