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Career and Education Opportunities for Compensation and Benefits Managers in Nashua, New Hampshire

Compensation and benefits managers can find many career and educational opportunities in the Nashua, New Hampshire area. There are currently 220 working compensation and benefits managers in New Hampshire; this should grow by 16% to about 250 working compensation and benefits managers in the state by 2016. This is better than the nation as a whole, where employment opportunities for compensation and benefits managers are expected to grow by about 8.5%. In general, compensation and benefits managers plan, direct, or coordinate compensation and benefits activities and staff of an organization.

A person working as a compensation and benefits manager can expect to earn about $40 per hour or $85,100 annually on average in New Hampshire and about $41 per hour or $86,500 yearly on average in the U.S. as a whole. Compensation and benefits managers earn more than people working in the category of Human Resources generally in New Hampshire and more than people in the Human Resources category nationally. People working as compensation and benefits managers can fill a number of jobs, such as: compensation manager, benefit director, and director of compensation.

There are fifty-seven schools of higher education in the Nashua area, including seven within twenty-five miles of Nashua 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 Nashua 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

Rivier College - Nashua, NH

Rivier College, 420 South Main St, Nashua, NH 03060. Rivier College is a small college located in Nashua, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,198 students and an admission rate of 72%. Rivier College has a master's degree program in Human Resources Management/Personnel Administration which graduated one student in 2008.

Nashua Community College - Nashua, NH

Nashua Community College, 505 Amherst St, Nashua, NH 03063-1026. Nashua Community College is a small college located in Nashua, New Hampshire. It is a public school with primarily 2-year programs and has 1,925 students. Nashua Community College has a less than one year program in Human Resources Management/Personnel Administration which graduated five students in 2008.

Franklin Pierce University - Rindge, NH

Franklin Pierce University, 40 University Drive, Rindge, NH 03461-0060. Franklin Pierce University is a small university located in Rindge, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,526 students and an admission rate of 77%. Franklin Pierce University has a master's degree program in Human Resources Management/Personnel Administration which graduated three students in 2008.

Southern New Hampshire University - Manchester, NH

Southern New Hampshire University, 2500 N River Rd, Manchester, NH 03106. Southern New Hampshire University is a medium sized university located in Manchester, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,000 students and an admission rate of 74%. Southern New Hampshire University has a postbaccalaureate certificate and a post-master's certificate program in Human Resources Management/Personnel Administration which graduated thirty-one and twenty students respectively in 2008.

Granite State College - Concord, NH

Granite State College, 8 Old Suncook Road, Concord, NH 03301-7317. Granite State College is a small college located in Concord, New Hampshire. It is a public school with primarily 4-year or above programs and has 1,543 students. Granite State College has a less than one year program in Human Resources Management/Personnel Administration.

NHTI-Concord's Community College - Concord, NH

NHTI-Concord's Community College, 31 College Drive, Concord, NH 03301-7412. NHTI-Concord's Community College is a small college located in Concord, New Hampshire. It is a public school with primarily 2-year programs. It has 3,646 students and an admission rate of 73%. NHTI-Concord's Community College has a less than one year program in Human Resources Management/Personnel Administration.

Fitchburg State College - Fitchburg, MA

Fitchburg State College, 160 Pearl St, Fitchburg, MA 01420-2697. Fitchburg State College is a medium sized college located in Fitchburg, Massachusetts. It is a public school with primarily 4-year or above programs. It has 6,400 students and an admission rate of 66%. Fitchburg State College has a master's degree program in Human Resources Management/Personnel Administration which graduated ten 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: Nashua, New Hampshire

Nashua, New Hampshire
Nashua, New Hampshire photo by FSosio

Nashua is situated in Hillsborough County, New Hampshire. It has a population of over 86,576. The cost of living index in Nashua, 119, is far greater than the national average. New single-family homes in Nashua are valued at $175,700 on average, which is well below the state average. In 2008, fifty-seven new homes were constructed in Nashua, down from seventy-nine the previous year.

The three big industries for women in Nashua are health care, educational services, and computer and electronic products. For men, it is computer and electronic products, professional, scientific, and technical services, and construction. The average commute to work is about 25 minutes. More than 31.5% of Nashua residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 11.2%, is lower than the state average.

The unemployment rate in Nashua is 7.5%, which is greater than New Hampshire's average of 6.5%.

The percentage of Nashua residents that are affiliated with a religious congregation, 58.1%, is more than both the national and state average. Bethel Church, Unitarian Universalist Church of Nashua and Trinity Baptist Church are among the churches located in Nashua. The most common religious groups are the Catholic Church, the United Church of Christ and the Greek Orthodox Archdiocese of America.

Nashua is home to the Hillsborough County Courthouse and the Goodhue Memorial Library as well as Deschenes Oval and Nashua Manufacturing Company Historic District. Shopping malls in the area include Amherst Street Mall Shopping Center, Royal Ridge Mall Shopping Center and Nashua Mall Shopping Center. Visitors to Nashua can choose from Chalet Susse Motor Lodge, Crowne Plaza Nashua and Speaker's Corner Restaurant for temporary stays in the area.