Description:Purpose:
The purpose of the Sr. Manager, Compensation is to manage the administration of the company’s various compensation plans and provide proactive analysis. The Sr. Manager, Compensation will demonstrate a full understanding of compensation management concepts, practices, and procedures to effectively develop compensation programs that will attract and retain employees.
Essential Functions:
• Performs analysis on effectiveness and competitiveness of existing compensation programs and models potential impact of alternatives.
• Ensures compliance of all compensation programs with federal and state regulations; prepares data for regulatory compliance, and conducts periodic audits of salaries to identify any potential problems or non-compliance issues.
• Manages, develops and updates salary ranges, job codes, grades, bonus targets, etc.; partners with HR Operations to ensure accuracy and integrity of compensation data in HRIS and identifies process improvement opportunities.
• Conducts job evaluations using market data and internal evaluation, and regularly analyzes our market position on jobs.
• Participates in industry and general industry compensation surveys.
• Manages job descriptions for clients, including auditing jobs for content to ensure all positions are classified appropriately according to FLSA.
• Manages the company’s salary structure; conducts analysis and makes recommendation for the annual Company salary range adjustment to inform performance management and merit processes
• Participates in the analysis of the impact of the company’s financial performance on the expected long-term, annual, and quarterly incentive award levels, partners and coordinates with Accounting Department to ensure incentive plan accruals are appropriately posted
• Provides internal consultation to Corporate and Field HR with regard to compensation administration issues and hourly compensation issues.
• Explains compensation programs, the results of job evaluation, the details of incentive plans, and the organization’s compensation philosophy to managers and associates.
Reporting relationship and position category information:
• The Sr. Manager, Compensation position as described falls under the Fair Labor Standards act as an Exempt position, under both the Administrative Exemption and the Executive Exemption tests.
• The position typically reports to the Director of HR Technology.
• The breadth of influence and scope of this position is primarily for corporate and field management positions, consulting with operations HR on field operations positions.
Requirements:Minimum Qualifications, Knowledge, Skills, and Work Environment:
• Requires a Bachelor’s degree in Human Resources, Finance/Accounting, Management, or related field
• Requires 5-7 years of post-degree experience within a compensation analysis function. Relevant and equivalent education can be considered
• Requires strong analytical and problem solving skills
• Requires ability to analyze multiple data sources, prepare and present to Senior Management
• Requires strong Microsoft Office skills
• Requires demonstrated attention to detail, strong time management, customer service skills, and organization skills
• Requires the ability to maintain information in confidence
• Requires strong oral, written, and interpersonal communication skills
Additional Info: