Compensation and Benefits Managers
Plan, direct, or coordinate compensation and benefits activities of an organization.
Sample of reported job titles:
Benefits Coordinator, Benefits Director, Benefits Manager, Compensation and Benefits Director, Compensation and Benefits Manager, Compensation Director, Compensation Manager, Employee Benefits Coordinator, Employee Benefits Manager, Payroll Manager
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Tasks
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Direct preparation and distribution of written and verbal information to inform employees of benefits, compensation, and personnel policies.
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Design, evaluate, and modify benefits policies to ensure that programs are current, competitive, and in compliance with legal requirements.
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Fulfill all reporting requirements of all relevant government rules and regulations, including the Employee Retirement Income Security Act (ERISA).
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Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
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Identify and implement benefits to increase the quality of life for employees by working with brokers and researching benefits issues.
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Manage the design and development of tools to assist employees in benefits selection, and to guide managers through compensation decisions.
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Administer, direct, and review employee benefit programs, including the integration of benefit programs following mergers and acquisitions.
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Mediate between benefits providers and employees, such as by assisting in handling employees' benefits-related questions or taking suggestions.
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Plan, direct, supervise, and coordinate work activities of subordinates and staff relating to employment, compensation, labor relations, and employee relations.
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Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
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Develop methods to improve employment policies, processes, and practices, and recommend changes to management.
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Formulate policies, procedures and programs for recruitment, testing, placement, classification, orientation, benefits and compensation, and labor and industrial relations.
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Study legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
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Plan and conduct new-employee orientations to foster positive attitude toward organizational objectives.
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Prepare budgets for personnel operations.
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Negotiate bargaining agreements.
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Prepare personnel forecasts to project employment needs.
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Maintain records and compile statistical reports concerning personnel-related data, such as hires, transfers, performance appraisals, and absenteeism rates.
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Analyze statistical data and reports to identify and determine causes of personnel problems, and develop recommendations for improvement of organization's personnel policies and practices.
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Contract with vendors to provide employee services, such as food services, transportation, or relocation service.
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Advise management on such matters as equal employment opportunity, sexual harassment, and discrimination.
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Represent organization at personnel-related hearings and investigations.
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Technology Skills
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Accounting software — Deltek Costpoint; Intuit QuickBooks
-
Analytical or scientific software — Business analysis software; Relex Weibull
-
Cloud-based data access and sharing software — Microsoft SharePoint
-
Data base reporting software — AdRelevance
-
Data base user interface and query software — Microsoft Access
; Microsoft Dynamics Marketing; Microsoft SQL Server
; Structured query language SQL
; 1 more
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Desktop publishing software — Adobe PageMaker; Quark enterprise publishing software
-
Document management software — Atlas Business Solutions Staff Files; Document management system software
-
Electronic mail software — IBM Notes; Microsoft Outlook
-
Enterprise resource planning ERP software — Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft
; SAP software
; Workday software
; 4 more
-
Graphics or photo imaging software — Adobe Illustrator
; Adobe Photoshop
-
Human resources software — ADP Workforce Now; Human resource management software HRMS; Ultimate Software UltiPro; Vantage Point Software HRA
; 41 more
-
Internet browser software — Web browser software
-
Medical software — e-MDs Bill; Healthcare common procedure coding system HCPCS
-
Office suite software — Microsoft Office software
-
Presentation software — Microsoft PowerPoint
-
Process mapping and design software — Microsoft Visio
-
Project management software — Experience in Software Webplanner; Microsoft Project
-
Spreadsheet software — Microsoft Excel
-
Video creation and editing software — Apple iMovie
-
Web page creation and editing software — Adobe Dreamweaver; LinkedIn
-
Word processing software — Microsoft Word
Hot Technologies are requirements most frequently included across all employer job postings.
In Demand skills are frequently included in employer job postings for this occupation.
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Work Activities
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Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
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Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
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Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
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Working with Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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Making Decisions and Solving Problems — Analyzing information and evaluating results to choose the best solution and solve problems.
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Communicating with People Outside the Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
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Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
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Updating and Using Relevant Knowledge — Keeping up-to-date technically and applying new knowledge to your job.
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Developing Objectives and Strategies — Establishing long-range objectives and specifying the strategies and actions to achieve them.
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Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
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Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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Resolving Conflicts and Negotiating with Others — Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
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Documenting/Recording Information — Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
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Interpreting the Meaning of Information for Others — Translating or explaining what information means and how it can be used.
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Guiding, Directing, and Motivating Subordinates — Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
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Monitoring and Controlling Resources — Monitoring and controlling resources and overseeing the spending of money.
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Providing Consultation and Advice to Others — Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
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Performing Administrative Activities — Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
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Thinking Creatively — Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
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Coaching and Developing Others — Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
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Scheduling Work and Activities — Scheduling events, programs, and activities, as well as the work of others.
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Coordinating the Work and Activities of Others — Getting members of a group to work together to accomplish tasks.
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Developing and Building Teams — Encouraging and building mutual trust, respect, and cooperation among team members.
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Training and Teaching Others — Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
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Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
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Judging the Qualities of Objects, Services, or People — Assessing the value, importance, or quality of things or people.
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Detailed Work Activities
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Manage human resources activities.
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Administer compensation or benefits programs.
-
Evaluate program effectiveness.
-
Maintain regulatory or compliance documentation.
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Prepare financial documents, reports, or budgets.
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Prepare reports related to compliance matters.
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Analyze data to inform personnel decisions.
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Monitor external affairs or events affecting business operations.
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Liaise between departments or other groups to improve function or communication.
-
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Document organizational or operational procedures.
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Develop operating strategies, plans, or procedures.
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Develop organizational policies or programs.
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Recommend organizational process or policy changes.
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Conduct employee training programs.
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Prepare operational budgets.
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Negotiate labor disputes.
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Maintain knowledge of current developments in area of expertise.
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Compile operational data.
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Estimate labor requirements.
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Maintain personnel records.
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Negotiate sales or lease agreements for products or services.
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Advise others on legal or regulatory compliance matters.
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Represent the organization in external relations.
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Work Context
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Electronic Mail — 100% responded “Every day.”
-
Telephone — 95% responded “Every day.”
-
Spend Time Sitting — 90% responded “Continually or almost continually.”
-
Face-to-Face Discussions — 74% responded “Every day.”
-
Structured versus Unstructured Work — 52% responded “A lot of freedom.”
-
Contact With Others — 48% responded “Constant contact with others.”
-
Indoors, Environmentally Controlled — 81% responded “Every day.”
-
Duration of Typical Work Week — 67% responded “More than 40 hours.”
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Freedom to Make Decisions — 67% responded “Some freedom.”
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Work With Work Group or Team — 48% responded “Very important.”
-
Importance of Being Exact or Accurate — 45% responded “Very important.”
-
Letters and Memos — 50% responded “Once a week or more but not every day.”
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Frequency of Decision Making — 38% responded “Every day.”
-
Impact of Decisions on Co-workers or Company Results — 33% responded “Very important results.”
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Coordinate or Lead Others — 52% responded “Very important.”
-
Importance of Repeating Same Tasks — 48% responded “Very important.”
-
Time Pressure — 48% responded “Once a month or more but not every week.”
-
Deal With Unpleasant or Angry People — 38% responded “Once a week or more but not every day.”
-
Level of Competition — 48% responded “Moderately competitive.”
-
Responsibility for Outcomes and Results — 43% responded “High responsibility.”
-
Deal With External Customers — 33% responded “Very important.”
-
Frequency of Conflict Situations — 38% responded “Once a month or more but not every week.”
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Job Zone
- Title
- Job Zone Four: Considerable Preparation Needed
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
- Related Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Job Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Job Zone Examples
- Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
- SVP Range
- (7.0 to < 8.0)
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Training & Credentials
- State training
-
- Local training
-
- Certifications
-
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Apprenticeship Opportunities
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Skills
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Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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Reading Comprehension — Understanding written sentences and paragraphs in work-related documents.
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Speaking — Talking to others to convey information effectively.
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Writing — Communicating effectively in writing as appropriate for the needs of the audience.
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Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
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Management of Personnel Resources — Motivating, developing, and directing people as they work, identifying the best people for the job.
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Time Management — Managing one's own time and the time of others.
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Social Perceptiveness — Being aware of others' reactions and understanding why they react as they do.
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Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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Monitoring — Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
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Management of Financial Resources — Determining how money will be spent to get the work done, and accounting for these expenditures.
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Systems Analysis — Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
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Systems Evaluation — Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
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Coordination — Adjusting actions in relation to others' actions.
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Negotiation — Bringing others together and trying to reconcile differences.
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Service Orientation — Actively looking for ways to help people.
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Instructing — Teaching others how to do something.
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Learning Strategies — Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
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Mathematics — Using mathematics to solve problems.
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Persuasion — Persuading others to change their minds or behavior.
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Knowledge
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Personnel and Human Resources — Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
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English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
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Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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Administrative — Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
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Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
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Education
How much education does a new hire need to perform a job in this occupation? Respondents said:
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Abilities
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Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.
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Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
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Written Comprehension — The ability to read and understand information and ideas presented in writing.
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Written Expression — The ability to communicate information and ideas in writing so others will understand.
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Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
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Speech Clarity — The ability to speak clearly so others can understand you.
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Speech Recognition — The ability to identify and understand the speech of another person.
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Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
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Near Vision — The ability to see details at close range (within a few feet of the observer).
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Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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Fluency of Ideas — The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
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Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem.
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Category Flexibility — The ability to generate or use different sets of rules for combining or grouping things in different ways.
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Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
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Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.
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Originality — The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
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Interests
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Enterprising — Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
-
Conventional — Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
-
Social — Work involves helping, teaching, advising, assisting, or providing service to others. Social occupations are often associated with social, health care, personal service, teaching/education, or religious activities.
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Work Values
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Relationships — Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service.
-
Support — Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.
-
Independence — Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
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Work Styles
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Integrity — Job requires being honest and ethical.
-
Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.
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Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
-
Initiative — Job requires a willingness to take on responsibilities and challenges.
-
Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
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Leadership — Job requires a willingness to lead, take charge, and offer opinions and direction.
-
Adaptability/Flexibility — Job requires being open to change (positive or negative) and to considerable variety in the workplace.
-
Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
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Concern for Others — Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job.
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Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high-stress situations.
-
Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
-
Persistence — Job requires persistence in the face of obstacles.
-
Self-Control — Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
-
Independence — Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
-
Innovation — Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems.
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Social Orientation — Job requires preferring to work with others rather than alone, and being personally connected with others on the job.
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Wages & Employment Trends
- Median wages (2023)
- $65.57 hourly, $136,380 annual
- State wages
-
- Local wages
-
- Employment (2023)
- 19,100 employees
- Projected growth (2023-2033)
-
Slower than average (1% to 2%)
- Projected job openings (2023-2033)
- 1,300
- State trends
-
- Top industries (2023)
-
Source: Bureau of Labor Statistics 2023 wage data
external site and 2023-2033 employment projections
external site.
“Projected growth” represents the estimated change in total employment over the projections period (2023-2033). “Projected job openings” represent openings due to growth and replacement.
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Job Openings on the Web
- State job openings
-
- Local job openings
-
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Professional Associations
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Sources are listed to provide additional information on related jobs, specialties, and/or industries.
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