How much does a Top Compensation and Benefits Executive make in Michigan? The average Top Compensation and Benefits Executive salary in Michigan is $232,524 as of March 26, 2024, but the range typically falls between $205,521 and $263,472. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Top Compensation and Benefits Executive Salary | $180,936 | MI | March 26, 2024 |
25th Percentile Top Compensation and Benefits Executive Salary | $205,521 | MI | March 26, 2024 |
50th Percentile Top Compensation and Benefits Executive Salary | $232,524 | MI | March 26, 2024 |
75th Percentile Top Compensation and Benefits Executive Salary | $263,472 | MI | March 26, 2024 |
90th Percentile Top Compensation and Benefits Executive Salary | $291,648 | MI | March 26, 2024 |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Benchmarking: Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost. Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. Also referred to as "best practice benchmarking" or "process benchmarking", this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.
Market Intelligence: A gathering and analyzing information relevant to a company's market - trends, competitor and customer monitoring.
Top Compensation and Benefits Executive plans and directs compensation and benefits policies, objectives, and initiatives. Engages in high-level strategic planning of compensation and benefits programs designed to attract and retain employees. Being a Top Compensation and Benefits Executive ensures compensation and benefits programs remain within budgetary constraints and align with organizational goals. Monitors trends, provides recommendations, and suggests initiatives. Additionally, Top Compensation and Benefits Executive consults with legal and financial professionals to ensure compliant and financially sound programs. Evaluates vendors, negotiates and completes contracts. Requires a bachelor's degree. Typically reports to top management. The Top Compensation and Benefits Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Compensation and Benefits Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $237,001 | Date Updated March 26, 2024 |
Location Acme, MI | Avg. Salary $221,687 | Date Updated March 26, 2024 |
Location Ada, MI | Avg. Salary $228,519 | Date Updated March 26, 2024 |
Location Addison, MI | Avg. Salary $236,765 | Date Updated March 26, 2024 |
Location Adrian, MI | Avg. Salary $233,231 | Date Updated March 26, 2024 |
Location Afton, MI | Avg. Salary $218,860 | Date Updated March 26, 2024 |
Location Ahmeek, MI | Avg. Salary $224,043 | Date Updated March 26, 2024 |
Location Akron, MI | Avg. Salary $219,096 | Date Updated March 26, 2024 |
Location Alanson, MI | Avg. Salary $218,860 | Date Updated March 26, 2024 |
Location Alba, MI | Avg. Salary $218,860 | Date Updated March 26, 2024 |
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
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Job Title Compensation and Benefits Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Compensation and Benefits Director | Experience | EducationBachelors | Salary Compared to This Job |
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Job Title Top Benefits Executive | Experience | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Top Compensation and Benefits Executive salary of your education level.
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About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Top Compensation and Benefits Executive: Incentive Programs, Compensation Management Software, Benefits Program Design, Benefits Administration Software ...More
Salary estimation for Top Compensation and Benefits Executive at companies like : Marietta College Bookstore, Good Human Community Inc, Sterling Elementary School