Compensation Manager

Compensation Manager

Title : Compensation Manager

Status : Exempt

Reports to : Total Rewards Director

Revision date : Created May 2024

Supervises : n / a

Purpose

Under the general supervision of the Director of Total Rewards, the Compensation Manager will ensure that our compensation programs align with business objectives and industry standards while complying with all applicable regulations. Key responsibilities include analyzing, implementing, and managing compensation programs designed to attract, retain, and motivate top talent, ensuring internal equity, and maintaining regulatory compliance.

Essential Functions

• Lead Compensation Initiatives : Develop and implement compensation solutions in collaboration with leaders, HRIS, payroll, and HR partners.
• Manage Salary Survey Process : Oversee the annual salary survey process, including benchmark matching, data collection, policy questionnaires, and vendor follow-ups.
• Data Analysis and Reporting : Analyze compensation data, prepare reports, and present findings to senior leadership for program improvement.
• Job Analysis and Evaluation : Conduct job evaluations to set salary ranges and ensure internal equity. Collaborate with HRBPs on job assessments.
• Compensation Planning and Budgeting : Assist in developing annual compensation budgets that align with business priorities and are fiscally responsible.
• Salary Structure Design : Create and maintain a competitive salary structure based on market trends and organizational goals. Regularly update salary ranges.
• Compliance and Regulation : Stay current with compensation-related laws and regulations. Ensure compliance with wage and hour laws, equal pay regulations, and reporting requirements.
• Communications and Training : Support management with training and communication about compensation policies, philosophies, and procedures.

Expectations

Job Specification Sheet Compensation Manager

Education : Bachelor's degree in Human Resources, Business Administration, Finance, or related field; or equivalent work experience required. Master's degree or relevant certification (e.g., Certified Compensation Professional) preferred.

Experience : Proven experience (5+ years) in compensation management or related field, with a strong understanding of compensation principles, practices, and trends.

Mental : Must have excellent communication, comprehension, and interpersonal skills. Must have the ability to speak, read, write and understand English, as well as the ability to make self-understood.

Skills : Must have good working computer skills with basic professional computer software (Microsoft Office suite, HRIS, Market Pricing Software, data analysis tools, etc.) and the capacity for learning new software systems quickly. Must have strong skills in analytical & critical thinking, relationship management, business acumen, strong motivational skills and a high emotional intelligence quotient (EQ).

Work Location : In office minimum 3 days per week.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and / or any other characteristics protected by applicable law.