Compensation Manager Mock Interview
Master 35 Compensation Manager interview questions covering pay equity, market analysis, and benefits design.
Question 23 of 35
Have you ever sat at the negotiating table for benefits like healthcare coverage, dental coverage, disability insurance or retirement benefits?
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Amy Hagan is an HR Executive turned HR Consultant. She has 20+ years of experience in human resources, including HR Specialist for the US Department of Defense.
Your interviewer is asking this question to determine your technical skills as it relates to negotiating benefits. If you do have experience in being a part of the shopping and negotiation process, that is great! Be sure to talk about that experience, what your role was and any positive outcome that came of it. If you don't have experience at the negotiating table, that is okay. Just be sure to talk about what would be important in creating a win-win situation for both the company and its employees while at the negotiating table.
Amy Hagan is an HR Executive turned HR Consultant. She has 20+ years of experience in human resources, including HR Specialist for the US Department of Defense.
"For the past few years, our HMO prices have been growing at a rate much larger than our PPO prices. Last year, after receiving the second double-digit increase in two years, we decided it was time to shop for a new HMO. We hired a broker to go out and shop the best prices for us. We formed a committee to review the broker's contracts. The committee was made up of employees, managers, and HR. We wanted to ensure we had feedback from all stakeholders. As a committee, we were able to identify a new company to provide our HMO coverage. We saved money, and the benefits were richer for our employees as well."
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