Compensation Manager

 Posted 4 days ago
     
10+ years experience
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AI Summary

The Senior Compensation Manager is responsible for planning, implementing, and administering company-wide compensation programs and policies. This includes managing bonus plans, executive compensation, and ensuring internal and external equity through job benchmarking and surveys.

What this Job Entails: 

The Senior Compensation Manager must have a strong background in implementation and project management, who thrives in a fast paced, matrixed environment, requiring creativity, influencing and collaboration. The Senior Compensation Manager must be someone comfortable working in a rapidly evolving environment. This is a hands-on role managing all compensation programs and processes and will work closely with departmental and cross-functional business partners to ensure enterprise-wide alignment with compensation philosophies, all aspects of pay, and incentive plans.

Scope: 

  • Establishes operational objectives and work plans and delegates assignments to subordinates. 

  • Reviews objectives of other managers to determine operational success. 

  • Involved in developing, modifying and executing company policies that affect immediate operations and may also have company-wide effect.

Your Roles and Responsibilities:

  • Plan, develop, implement, and administer company-wide compensation programs, policies, and procedures and monitor compliance.

  • Apply deep business knowledge to evolve and develop compensation programs that inform long-term business decisions and priorities.

  • Lead compensation program implementation, change management and measurement of program success.

  • Drive results by tracking key operational metrics, identifying process improvement opportunities and delivering on strategic initiatives.

  • Initiate programs and policies to protect and improve the quality of compensation data, manage the gathering and documentation of technical requirements and processes.

  • Manage and oversee the bonus plan process and executive compensation.

  • Evaluate jobs, benchmarks, and review job offers for internal and external equity.

  • Participate in compensation surveys to collect and analyze salary information to determine the company's competitive positions.

  • Ensure company compliance with existing legal employment requirements.

  • Supervise and manage the compensation team as it relates to all projects.

  • Establish performance requirements, clarify responsibilities of those supervised, conduct performance appraisals and plans for individual employee improvement.

  • Manage activities of two or more sections or departments. 

  • Exercise supervision in terms of costs, methods, and staffing. 

  • Other duties as required. This list is not meant to be a comprehensive inventory of all responsibilities assigned to this position

Required Qualifications/Skills:

  • Bachelor’s degree (B.S/B.A) from four-college or university and 8+ years’ related experience and/or training; or equivalent combination of education and experience 

  • Regularly interacts with senior management or executive levels on matters concerning several functional areas, divisions, and/or customers. Requires the ability to change the thinking of, or gain acceptance from, others in sensitive situations, without damage to the relationship.

  • Ability to present clearly and concisely

  • Knowledge and of compensation administration and design

  • Analytical skills and detail orientation

  • Experience designing and executing large scale compensation program changes

  • Ability to travel both internationally and domestically

Preferred Qualifications: 

Physical Demand & Work Environment:

  • Must have the ability to perform office-related tasks which may include prolonged sitting or standing

  • Must have the ability to move from place to place within an office environment

  • Must be able to use a computer

  • Must have the ability to communicate effectively 

  • Some positions may require occasional repetitive motion or movements of the wrists, hands, and/or fingers

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