Director of Compensation

Overview:

The Director of Compensation is accountable for development and execution of the organization’s compensation activities (compensation plan structure, variable bonus plans, market competitiveness, short and long-term equity plans, etc.). The role is primarily responsible for planning, developing, and implementing compensations plans and programs that drive company performance.  Additionally, this position is responsible for communications and processes related to new hire offers, internal equity analysis, and performance/merit cycle increases as well as the creation and implementation of proactive policies and procedures that support the organization’s goals.

• Administer compensation plans in compliance with company policies and government regulations through audits, legal reports, and personal interactions
  • Monitor policy, guideline, and procedural effectiveness
• Monitor and maintain plans that are cost-effective and consistent with compensation trends and corporate objectives
  • Collaborate with stakeholders to improve processes and workflows
  • Identify gaps and opportunities, develop responsive corrections, create and execute communication plans, and drive implementation to completion
  • Supervise the participation and/or purchases salary surveys
  • Develop and distribute base salary structures and company-wide incentive compensation and bonus plan documents.
  • Analyze compensation data identifying trends, anomalies, gaps
  • Creates appropriate dashboards, reports, or summaries that communicate the information to various stakeholders
• Manage direct compensation administration (executive, exempt and non-exempt cash compensation programs)
  • Process, record and report compensation-related actions
• Develop and maintain legally compliant job descriptions
• Oversee and mane the compensation committee board deck
• Manage the annual incentive compensation and merit processes
• Prepare compensation related job aids and training material
• Prepare and facilitate training for incentive and bonus plans

• Define and implement best practices that ensure compliance with organizational policies, licensor and/or accreditor standards, and legal regulations (local, state, and federal)
• Support organization on all compensation matters; Consult on business strategies and goals
• Partner and train business leaders to ensure compliance and understanding of compensation practices
• Compile data for tracking, report key metrics, analyze data and make recommendations
• Establish/maintain a high-performance team of professional, motivated and engaged staff utilizing effective training, performance management and career-development activities while leading them to achieve established business results and performance metrics

• Other duties as assigned

Education / Experience

• Bachelor’s degree in Human Resources, Business, or related field (required)
• Minimum of eight (8) years of related experience in compensation/total rewards within a publicly traded company
• Minimum of five (5) years in a leadership and management position
• Expert level knowledge of HRIS systems and HR data (UKG and HRSoft preferred).
• Expert functional skills in Microsoft Word, Excel and PowerPoint
  • Perform complex analysis (Excel) using pivot tables, Vlookup, conditional formatting, etc.
  • Create forms and template letters for mail merge (Word)
  • Create engaging presentations for multiple audiences (PowerPoint)

Skills

• Excellent verbal and written communication skills
• Strong listening skills and a high level of comprehension to conceptualize effectively, ideas into a process
• Highly organized and detail oriented

Abilities

• Ability to organize and manage multiple priorities simultaneously
• Ability to work in a fast-paced, metrics-driven, legally compliant environment

• Able and willing to:
• Communicate, think, learn, and reason
• Use computers and computer systems (including hardware and software) to process transactions, store documents, enter data, or perform assigned tasks
• Safely ambulate and/or maneuver when on-site at Company locations
• Demonstrate and utilize active listening, inductive reasoning, information ordering and category flexibility

• Ability to use good judgment, problem-solving and decision-making skills
• Ability to maintain confidentiality and manage sensitive information with discretion
• Ability to work in a fast-paced environment where deadlines are essential and multiple projects are worked simultaneously
• Ability to gain, understand and apply information and data as it relates essential functions of the position
• Ability to foster long-term relationships with stakeholders

Pay and Benefits

• Salary range $165,000/yr - $175,000/yr, plus bonus
• Medical, dental, vision
• Company paid LTD & STD 
• 401K with Company match

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