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Career and Education Opportunities for Compensation and Benefits Managers in Minneapolis, Minnesota

There are many career and education opportunities for compensation and benefits managers in the Minneapolis, Minnesota area. There are currently 580 working compensation and benefits managers in Minnesota; this should grow 13% to about 660 working compensation and benefits managers in the state 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. In general, compensation and benefits managers plan, direct, or coordinate compensation and benefits activities and staff of an organization.

Income for compensation and benefits managers is about $50 per hour or $105,660 yearly on average in Minnesota. Nationally, their income is about $41 per hour or $86,500 annually. Compensation and benefits managers earn more than people working in the category of Human Resources generally in Minnesota and more than people in the Human Resources category nationally. Jobs in this field include: benefits coordinator, payroll manager, and human resources information system director .

The Minneapolis area is home to eighty schools of higher education, including eleven within twenty-five miles of Minneapolis where you can get a degree as a compensation and benefits manager. Given that the most common education level for compensation and benefits managers is a Bachelor's degree, you can expect to spend about four years training to become 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 Minneapolis 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

Saint Paul College - A Community and Technical College - Saint Paul, MN

Saint Paul College - A Community and Technical College, 235 Marshall Ave, Saint Paul, MN 55102-9808. Saint Paul College - A Community and Technical College is a medium sized college located in Saint Paul, Minnesota. It is a public school with primarily 2-year programs and has 5,388 students. Saint Paul College - A Community and Technical College has a less than one year and an associate's degree program in Human Resources Management/Personnel Administration which graduated two and six students respectively in 2008.

University of St Thomas - Saint Paul, MN

University of St Thomas, 2115 Summit Ave, Saint Paul, MN 55105-1078. University of St Thomas is a large university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,960 students and an admission rate of 81%. University of St Thomas has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated one and fourteen students respectively in 2008.

Metropolitan State University - Saint Paul, MN

Metropolitan State University, 700 E Seventh St, Saint Paul, MN 55106-5000. Metropolitan State University is a medium sized university located in Saint Paul, Minnesota. It is a public school with primarily 4-year or above programs. It has 6,909 students and an admission rate of 53%. Metropolitan State University has a bachelor's degree program in Human Resources Management/Personnel Administration which graduated twenty-six students in 2008.

Capella University - Minneapolis, MN

Capella University, 225 South 6th Street, 9th Floor, Minneapolis, MN 55402-3389. Capella University is a large university located in Minneapolis, Minnesota. It is a private for-profit school with primarily 4-year or above programs. It has 23,733 students and an admission rate of 100%. Capella University has bachelor's degree, postbaccalaureate certificate, master's degree, and doctor's degree programs in Human Resources Management/Personnel Administration which graduated twenty-eight, nine, sixty-eight, and nine students respectively in 2008.

Inver Hills Community College - Inver Grove Heights, MN

Inver Hills Community College, 2500 80th St E, Inver Grove Heights, MN 55076-3224. Inver Hills Community College is a medium sized college located in Inver Grove Heights, Minnesota. It is a public school with primarily 2-year programs and has 5,608 students. Inver Hills Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated eight students in 2008.

Bethel University - Saint Paul, MN

Bethel University, 3900 Bethel Dr, Saint Paul, MN 55112-6902. Bethel University is a small university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,337 students and an admission rate of 81%. Bethel University has a bachelor's degree and a postbaccalaureate certificate program in Human Resources Management/Personnel Administration which graduated twenty and three students respectively in 2008.

Walden University - Minneapolis, MN

Walden University, 155 Fifth Ave S, Suite 100, Minneapolis, MN 55401. Walden University is a large university located in Minneapolis, Minnesota. It is a private for-profit school with primarily 4-year or above programs and has 34,907 students. Walden University has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated thirty-nine and 106 students respectively in 2008.

Concordia University-Saint Paul - Saint Paul, MN

Concordia University-Saint Paul, 275 Syndicate Street North, Saint Paul, MN 55104-5494. Concordia University-Saint Paul is a small university located in Saint Paul, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,644 students and an admission rate of 59%. Concordia University-Saint Paul has a bachelor's degree and a master's degree program in Human Resources Management/Personnel Administration which graduated thirty-five and fourteen students respectively in 2008.

University of Minnesota-Twin Cities - Minneapolis, MN

University of Minnesota-Twin Cities, 100 Church Street SE, Minneapolis, MN 55455-0213. University of Minnesota-Twin Cities is a large university located in Minneapolis, Minnesota. It is a public school with primarily 4-year or above programs. It has 51,140 students and an admission rate of 53%. University of Minnesota-Twin Cities has 2 areas of study related to Compensation and Benefits Manager. They are:

  • Human Resources Management/Personnel Administration, less than one year, bachelor's degree, postbaccalaureate certificate, and master's degree which graduated forty-four, four, thirty-five, and thirty-nine students respectively in 2008.
  • Labor and Industrial Relations, bachelor's degree, master's degree, and doctor's degree which graduated three, 107, and four students respectively in 2008.

Normandale Community College - Bloomington, MN

Normandale Community College, 9700 France Ave S, Bloomington, MN 55431. Normandale Community College is a medium sized college located in Bloomington, Minnesota. It is a public school with primarily 2-year programs and has 9,478 students. Normandale Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated five students in 2008.

DeVry University-Minnesota - St Louis Park, MN

DeVry University-Minnesota, 400 Hwy 169 S, Ste 100, St Louis Park, MN 55426. DeVry University-Minnesota is a small university located in St Louis Park, Minnesota. It is a private for-profit school with primarily 4-year or above programs. It has 316 students and an admission rate of 95%. DeVry University-Minnesota has a master's degree program in Human Resources Management/Personnel Administration which graduated two 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: Minneapolis, Minnesota

Minneapolis, Minnesota
Minneapolis, Minnesota photo by BenFranske

Minneapolis is situated in Hennepin County, Minnesota. It has a population of over 382,605. The cost of living index in Minneapolis, 101, is near the national average. New single-family homes in Minneapolis are priced at $451,300 on average, which is far greater than the state average. In 2008, forty-five new homes were constructed in Minneapolis, down from one hundred fifteen the previous year.

The top three industries for women in Minneapolis are health care, educational services, and accommodation and food services. For men, it is educational services, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 22 minutes. More than 37.4% of Minneapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 13.1%, is higher than the state average.

The unemployment rate in Minneapolis is 7.0%, which is the same as Minnesota's average of 7.0%.

The percentage of Minneapolis residents that are affiliated with a religious congregation, 57.7%, is more than the national average but less than the state average. The largest religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the United Methodist Church.

Minneapolis is home to the Saint Josephs Orphanage and the Hiawatha Municipal Golf Course as well as Beards Plaisance and Mississippi Park. Visitors to Minneapolis can choose from COE Mansion Carriage House, Radisson Hotel Metrodome and Best Western Kelly Inn for temporary stays in the area.