Technical name: OROLE_0026

The Compensation Manager develops and manages the implementation of compensation programs that provide employees with competitive rates of pay, and motivate and reward them.

The main focus is on employee programs for monetary payments (salaries, bonuses) and payments in kind (long-term incentive plans).

• Observes trends in competitive rates of pay, and determines the enterprise’s position in comparison with other employers
• Conducts and participates in salary surveys
• Ensures that jobs are evaluated appropriately at all levels
• Develops and recommends guidelines for salary policies and administration
• Develops and recommends payments for performance-based bonuses, annual bonuses, stock options, and other special payments for specific sections of the workforce
• Manages special compensation plans
• Monitors the programs’ effectiveness, and suggests changes
• Advises management on specific, salary-related issues

To accomplish these tasks, BW provides Business Content information in the form of workbooks. Each task corresponds to a cluster of one or more workbooks. The workbooks contain one or more queries that yield the relevant information.

The following workbooks are available for the tasks of the Compensation Manager: