What is a Senior Manager Executive Compensation job?
A Senior Manager Executive Compensation job is a highly specialized position that involves designing, implementing, and managing executive compensation plans for top-level executives at organizations. These plans typically include a mix of salary, bonuses, stock options, and other types of incentives that are designed to motivate and retain high-performing executives.
What usually do in this position?
In this position, a Senior Manager Executive Compensation professional is responsible for analyzing compensation data, developing compensation structures, conducting market research, and working with other HR professionals to ensure that executive compensation plans are competitive and compliant with legal requirements. They also work closely with executives to understand their goals and objectives and to develop compensation plans that align with those goals.
Top 5 skills for this position:
- Strong analytical skills
- Excellent communication skills
- Expertise in compensation design and analysis
- Ability to work collaboratively with other HR professionals and executives
- Deep understanding of legal and regulatory requirements for executive compensation
How to become a Senior Manager Executive Compensation specialist?
To become a Senior Manager Executive Compensation specialist, you typically need a bachelor's degree in human resources, business administration, or a related field. Many employers also prefer candidates with a master's degree in a relevant field. You will also need several years of experience in compensation design and analysis, as well as a deep understanding of legal and regulatory requirements for executive compensation.
Average salary:
According to Glassdoor, the average salary for a Senior Manager Executive Compensation professional is around $130,000 per year. However, salaries can vary widely based on factors such as location, years of experience, and the size and type of organization.
Roles and types:
Senior Manager Executive Compensation specialists work in a variety of industries, including finance, healthcare, technology, and manufacturing. They may work for large corporations, startups, or consulting firms. Some common roles for these professionals include Director of Executive Compensation, Senior Compensation Analyst, and Executive Compensation Consultant.
Locations with the most popular jobs in USA:
The most popular locations for Senior Manager Executive Compensation jobs in the United States include major metropolitan areas such as New York, San Francisco, and Chicago. However, these jobs can also be found in smaller cities and towns across the country.
What are the typical tools used in this position?
Senior Manager Executive Compensation specialists typically use a variety of tools to perform their job duties, including compensation analysis software, spreadsheet programs such as Microsoft Excel, and HR information systems. They may also use various market research tools to gather data on compensation trends and industry benchmarks.
In conclusion:
A Senior Manager Executive Compensation job is a highly specialized position that requires a deep understanding of compensation design and analysis, legal and regulatory requirements, and effective communication skills. While it can be a challenging role, it is also a rewarding one for those who are passionate about helping organizations attract and retain top talent through competitive compensation plans.