Standard Occupational Classification (SOC): Compensation and Benefits Managers

Compensation and Benefits Managers in Healthcare are responsible for designing, implementing, and administering compensation and benefits programs for healthcare organizations. They may work with human resources departments to develop and implement competitive salary structures, bonus and incentive plans, and employee benefits programs. They may also be responsible for analyzing and monitoring the effectiveness of these programs, and making adjustments as necessary.

In healthcare, compensation and benefits managers play a critical role in ensuring that healthcare organizations are able to attract and retain top talent. They may work with healthcare providers such as hospitals, clinics, and nursing homes to design and implement competitive compensation and benefits programs that meet the unique needs of the healthcare industry. They may also work with other departments such as finance and legal to ensure that the compensation and benefits programs are in compliance with laws and regulations.

To be successful in this role, compensation and benefits managers must have a strong understanding of compensation and benefits practices, as well as experience in the healthcare industry. They must also have strong analytical and problem-solving skills, as well as the ability to communicate effectively with other departments and stakeholders. They must also be able to work well under pressure and meet deadlines.