We are looking for a dynamic and experienced Compensation Manager to develop, implement, and administer our organization's compensation programs. This role is essential for ensuring competitive pay practices that attract and retain top talent. The Compensation Manager will ensure our compensation plans are equitable, competitive, and aligned with our overall business strategy, while maintaining compliance with internal policies and government regulations.
Key Responsibilities
- Design and Manage Compensation Structures: Ensure our compensation structures are competitive and in line with industry standards.
- Oversee Job Evaluation Processes: Ensure roles are appropriately graded and compensated.
- Conduct Compensation Analysis: Regularly analyze compensation and market surveys to ensure internal equity and external competitiveness.
- Compliance: Ensure all compensation practices comply with relevant laws and regulations.
- Monitor and Recommend Changes: Assess the effectiveness of existing compensation practices and recommend cost-effective changes consistent with compensation trends and corporate objectives.
- Annual Compensation Planning: Conduct the annual compensation planning process in conjunction with HRBPs, Field HR, and Site Leadership.
- Budget Management: Develop and manage the compensation budget, ensuring financial sustainability and efficient resource allocation.
- Reporting and Presentations: Prepare reports and presentations on compensation trends, pay equity, and competitive analysis for senior management and stakeholders.
- Education and Communication: Educate and communicate compensation policies and procedures to HR teams, managers, and employees, addressing any inquiries or concerns.
Qualifications
- Education: Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- Experience: Minimum of 5 years of expertise in compensation management or a related HR role.
- Skills: Strong analytical skills and proficiency in data analysis and reporting tools. Excellent understanding of compensation laws and regulations. Strong communication and interpersonal skills.
- Certification: Professional certification in compensation (e.g., CCP) is highly desirable.
