Have you ever been a part of developing a competitive benefits program in any of your previous roles?
To get a feel for the full experience you will bring to their team as the next Compensation Manager, your interviewer wants to know that you know the steps of implementing a new benefits program. If you have direct experience in the full benefits administration process, make sure to talk about any roles that you have played during your career. They also want to know that you understand that employers must be competitive with their benefits packages to attract employees, so talk about any experience you have in implementing new benefits are a win-win for both employees and the organization.
"Implementing new benefits programs is one of the most rewarding aspects of my job. I am most proud of the menu of benefits programs that I helped bring to my current organization. To begin this process a few years back, I conducted a survey to find out what benefits were most important to our employees. We found, after reviewing answers, that different employees value different benefits. Instead of offering just one benefit, we decided to give each employee a set amount of money to spend on benefits of their choice. I created a menu with all the different benefits, and employees could order the benefits of their choice. This saved the company money, and the employees really enjoyed and benefited from having the options that were most beneficial for them and their families."
