Compensation Manager
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:
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Establishes operational objectives and work plans and delegates assignments to subordinates.
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Reviews objectives of other managers to determine operational success.
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Involved in developing, modifying and executing company policies that affect immediate operations and may also have company-wide effect.
Your Roles and Responsibilities:
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Plan, develop, implement, and administer company-wide compensation programs, policies, and procedures and monitor compliance.
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Apply deep business knowledge to evolve and develop compensation programs that inform long-term business decisions and priorities.
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Lead compensation program implementation, change management and measurement of program success.
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Drive results by tracking key operational metrics, identifying process improvement opportunities and delivering on strategic initiatives.
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Initiate programs and policies to protect and improve the quality of compensation data, manage the gathering and documentation of technical requirements and processes.
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Manage and oversee the bonus plan process and executive compensation.
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Evaluate jobs, benchmarks, and review job offers for internal and external equity.
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Participate in compensation surveys to collect and analyze salary information to determine the company's competitive positions.
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Ensure company compliance with existing legal employment requirements.
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Supervise and manage the compensation team as it relates to all projects.
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Establish performance requirements, clarify responsibilities of those supervised, conduct performance appraisals and plans for individual employee improvement.
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Manage activities of two or more sections or departments.
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Exercise supervision in terms of costs, methods, and staffing.
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Other duties as required. This list is not meant to be a comprehensive inventory of all responsibilities assigned to this position
Required Qualifications/Skills:
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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
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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
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Knowledge and of compensation administration and design
- Analytical skills and detail orientation
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Experience designing and executing large scale compensation program changes
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Ability to travel both internationally and domestically
Preferred Qualifications:
Physical Demand & Work Environment:
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Must have the ability to perform office-related tasks which may include prolonged sitting or standing
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Must have the ability to move from place to place within an office environment
- Must be able to use a computer
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Must have the ability to communicate effectively
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Some positions may require occasional repetitive motion or movements of the wrists, hands, and/or fingers
Originally posted on Himalayas