Definition of Occupation

Develops/designs and administers compensation and benefits programs that help organizations attract, retain and motivate employees. Compensation programs include base pay (hourly and salaried), skill based pay, incentive pay (profit sharing, bonuses, sales incentives, short- and long-term executive incentives, team and organization incentives) and other reward programs. Benefits programs include health insurance (medical, dental, vision), life insurance, disability insurance, retirement plans, paid time off (vacations, sick leave, holidays) and other security and convenience programs. May oversee performance evaluation systems and HR information systems. Works for large and medium-sized organizations in business, government and nonprofit sectors; may also work for union benefit plans serving many employers, or firms providing benefit administration services. May start as generalist in human resource field, then specialize in compensation or benefits.