Compensation Manager

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Job description

• The Compensation Manager is responsible for the planning, implementation, communication, operations, monitoring, and ongoing management of all Client compensation programs.
• This role ensures effective and efficient daily operations, compliance with regulatory requirements and high levels of service to employee customers and operations are compliant with Federal/state laws and regulations.
• The Compensation Manager plays a key role in positioning Client as an employer of choice in our region.
• Commits to the mission, vision, beliefs and consistently demonstrates our core values.
• Assists with the development and maintenance of appropriate human resource policies and procedures.
• Oversees the execution of day-to-day administration of all employee compensation programs.
• Develops strategies to drive employee awareness and understanding of all compensation programs.
• Leads Client through regular benchmarking cycles using best practices to analyze and assess market data and industry trends to maintain a competitive reward package.
• Provides regular and ad hoc reports upon request.
• Utilizes data and conducts research to identify trends and recommends new plans/programs to attract, engage and retain employees.
• Manages and maintains a comprehensive wage administration program, which supports recruitment and retention of highly qualified employees.
• Ensures all vendors meet service expectations.
• Makes recommendations into the budget process within identified timeframe and format specified; monitors budget compliance and justifies variances.
• Participates in the departmental budgetary procedure to ensure proper operational and capital planning; appropriate and efficient use of resources; and consistent compliance to budgetary and fiscal controls.
• Provides leadership and oversight to the compensation team.
• Participates in and/or leads meetings, committees, strategic planning, and department projects as assigned.
• Responsible for hiring, training, supervising, coaching, mentoring, retaining, and evaluating of staff.
• Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.
• Performs other related projects and duties as assigned.
• Required Knowledge, Skills, and Abilities:
• Knowledge in leading compensation design changes from concept to execution.
• Knowledge of the laws and regulations related to compensation.
• Knowledge of performance improvement, budgetary and financial methods, and practices.
• Knowledge of organizational and human resource management standards and practices.
• Knowledge of management and leadership principles and practices.
• Knowledge of computer hardware equipment and software applications relevant to work functions.

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