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A Compensation manager is responsible for managing the compensation function for corporate staff departments. Firstly The compensation manager plans, develops and implements new and revised compensation programs, policies and procedures to align with the company's goals and competitive practices. Secondly, they also evaluate and assess different employment positions to determine how they should be classified and what is an appropriate salary based on that classification. Thirdly, the managers analyze data on wages and salaries and the cost of benefits, and they assess and devise programs that best fit an organization and its employees. Forthly, compensation and benefits managers are sought out for their knowledge in designing compensation and benefits plans, as well as negotiating and implementing healthcare and retirement plans. Each organization’s compensation and benefits packages must comply with statutory and regulatory requirements, such as minimum salaries and tax liabilities, and it is the compensation and benefits manager's job to make sure this is carried through.