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Career and Education Opportunities for Compensation and Benefits Managers in Simi Valley, California

There are many career and education opportunities for compensation and benefits managers in the Simi Valley, California area. Currently, 5,200 people work as compensation and benefits managers in California. This is expected to grow by 15% to about 6,000 people by 2016. This is better than the national trend for compensation and benefits managers, which sees this job pool growing by about 8.5% over the next eight years. Compensation and benefits managers generally plan, direct, or coordinate compensation and benefits activities and staff of an organization.

Income for compensation and benefits managers is about $46 per hour or $95,780 per year on average in California. Nationally, their income is about $41 per hour or $86,500 per year. Incomes for compensation and benefits managers are better than in the overall category of Human Resources in California, and better than the overall Human Resources category nationally. People working as compensation and benefits managers can fill a number of jobs, such as: employee benefits manager, corporate controller, and job analysis manager.

There are 175 schools of higher education in the Simi Valley area, including three within twenty-five miles of Simi Valley where you can get a degree to start your career as a compensation and benefits manager. Compensation and benefits managers usually hold a Bachelor's degree, so it will take about four years to learn to be a compensation and benefits manager if you already have a high school diploma.

CAREER DESCRIPTION: Compensation and Benefits Manager

In general, compensation and benefits managers plan, direct, or coordinate compensation and benefits activities and staff of an organization.

Compensation and benefits managers analyze compensation policies and prevailing wage rates to develop competitive compensation plans. They also direct preparation and distribution of written and verbal data to inform employees of benefits and personnel policies. Equally important, compensation and benefits managers have to formulate and direct work efforts of subordinates and staff relating to employment and employee relations. They are often called upon to design methods to further optimize employment policies and practices, and recommend changes to management. They are expected to formulate policies, procedures and programs for recruitment orientation, benefits and compensation, and labor and industrial relations. Finally, compensation and benefits managers layout, evaluate and modify benefits policies to insure that programs are current, competitive and in adherence to legal requirements.

Every day, compensation and benefits managers are expected to be able to listen to and understand others in meetings. They need to read and understand documents and reports.

It is important for compensation and benefits managers to administer and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions. They are often called upon to mediate between benefits providers and employees. They also ready budgets for personnel operations. They are sometimes expected to negotiate bargaining agreements. Somewhat less frequently, compensation and benefits managers are also expected to layout, evaluate and modify benefits policies to insure that programs are current, competitive and in adherence to legal requirements.

Compensation and benefits managers sometimes are asked to investigate and report on industrial accidents for insurance carriers. and maintain records and compile statistical reports concerning personnel-related data such as hires and absenteeism rates. And finally, they sometimes have to direct preparation and distribution of written and verbal data to inform employees of benefits and personnel policies.

Like many other jobs, compensation and benefits managers must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Simi Valley include:

  • Administrator. Plan, direct, or coordinate supportive services of an organization, such as recordkeeping, mail distribution, telephone operator/receptionist, and other office support services. May oversee facilities planning and maintenance and custodial operations.
  • Healthcare Manager. Plan, direct, or coordinate medicine and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.
  • Human Relations Manager. Plan, direct, and coordinate human resource management activities of an organization to maximize the strategic use of human resources and maintain functions such as employee compensation, recruitment, and regulatory compliance.
  • Postmaster. Direct and coordinate operational, administrative, and supportive services of a U.S. post office; or coordinate activities of workers engaged in postal and related work in assigned post office.

EDUCATIONAL OPPORTUNITIES: Compensation and Benefits Manager Training

University of Southern California - Los Angeles, CA

University of Southern California, University Park, Los Angeles, CA 90089. University of Southern California is a large university located in Los Angeles, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 33,747 students and an admission rate of 22%. University of Southern California has a bachelor's degree program in Human Resources Management/Personnel Administration.

Los Angeles Trade Technical College - Los Angeles, CA

Los Angeles Trade Technical College, 400 W Washington Blvd, Los Angeles, CA 90015-4181. Los Angeles Trade Technical College is a large college located in Los Angeles, California. It is a public school with primarily 2-year programs and has 15,565 students. Los Angeles Trade Technical College has a less than one year and an associate's degree program in Labor and Industrial Relations which graduated fourteen and zero students respectively in 2008.

DeVry University-California - Pomona, CA

DeVry University-California, 901 Corporate Ctr Dr, Pomona, CA 91768-2642. DeVry University-California is a medium sized university located in Pomona, California. It is a private for-profit school with primarily 4-year or above programs. It has 6,183 students and an admission rate of 88%. DeVry University-California has a master's degree program in Human Resources Management/Personnel Administration which graduated nineteen students in 2008.

CERTIFICATIONS

Fundamental Payroll Certification: The Fundamental Payroll Certification (FPC) is open to all those who wish to demonstrate a baseline of payroll competency.

For more information, see the American Payroll Association website.

Manager of Quality/Organizational Excellence: The Certified Manager of Quality/Organizational Excellence is a professional who leads and champions process-improvement initiatives’ everywhere from small businesses to multinational corporations’ that can have regional or global focus in a variety of service and industrial settings.

For more information, see the American Society for Quality website.

Qualified 401(k) Administrator: The Qualified 401(k) Administrator (QKA) credential is conferred by ASPPA to retirement plan professionals who work primarily with 401(k) plans.

For more information, see the American Society of Pension Professionals and Actuaries website.

Business and Employer Services - Professional Certification: Professional certification exam for Business and Employer Services in workforce development.

For more information, see the Dynamic Works Institute website.

Global Professional in Human Resources: Globalization is the defining political and economic force in the world today.

For more information, see the HR Certification Institute website.

Certified Manager: Certified Manager certification is valued for the credibility and recognition it brings to managers and the organizations for which they work.

For more information, see the Institute of Certified Professional Managers website.

Program Management Professional: Project Management Institute's newest credential is specifically developed to acknowledge the qualifications of the professional who leads the coordinated management of multiple projects and ensures the ultimate success of a program.

For more information, see the Project Management Institute website.

Certified Compensation Professional: Recognized as the world's standard since 1976, the Certified Compensation Professional (CCP) designation is known throughout the global rewards community as a mark of expertise and excellence in all areas of compensation.

For more information, see the WorldAtWork website.

Certified Benefits Professional: Designed for today's dynamic benefits environment, the Certified Benefits Professional (CBP) program provides solid strategies and understanding.

For more information, see the WorldAtWork website.

LOCATION INFORMATION: Simi Valley, California

Simi Valley, California
Simi Valley, California photo by Happyme22

Simi Valley is situated in Ventura County, California. It has a population of over 120,543, which has grown by 8.3% in the past ten years. The cost of living index in Simi Valley, 131, is far greater than the national average. New single-family homes in Simi Valley are valued at $451,000 on average, which is far greater than the state average. In 2008, nineteen new homes were built in Simi Valley, down from one hundred thirty-two the previous year.

The three most popular industries for women in Simi Valley are finance and insurance, educational services, and health care. For men, it is construction, finance and insurance, and professional, scientific, and technical services. The average commute to work is about 29 minutes. More than 24.9% of Simi Valley residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.1%, is lower than the state average.

The unemployment rate in Simi Valley is 9.2%, which is less than California's average of 12.3%.

The percentage of Simi Valley residents that are affiliated with a religious congregation, 44.6%, is less than the national average but more than the state average. Alliance Church, Grace Brethren Church of Simi Valley and Valley Bible Community Church are some of the churches located in Simi Valley. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Evangelical Lutheran Church in America.

Simi Valley is home to the Simi Valley Historical Society Archives and the Simi Civic Center as well as Stargaze Park and Atherwood Park. Shopping centers in the area include Mountain Gate Plaza Shopping Center, Royal Plaza Shopping Center and Regency Plaza Shopping Center. Visitors to Simi Valley can choose from 4 Hotel Now Com and 5 Star Linens for temporary stays in the area.