Compensation Manager
hace 1 semana
The ability to deliver results in first-time situations by inspiring others and working to earn trust every day.
- The willingness to serve others with understanding, respect, and care.
- The ability to operate with simplicity, clarity and transparency.
- The willingness to effectively deal with and drive change.
- The ability to organize, prioritize and own multiple tasks while meeting and/or exceeding deadlines.
Above all you will be expected to carry out all your activities with reliability, integrity, compliance and in a safe, environmentally responsible, and efficient manner.
**Your responsibilities**:
- Design, evaluate and modify compensation offerings to ensure that programs are current, competitive, and in compliance with legal requirements.
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plan.
- Administer, direct, and review team member compensation programs, including the integration of programs following mergers and acquisitions.
- Direct preparation and distribution of written and verbal information to inform employees of compensation and pay policies.
- Manage the requirements for Workday configurations and other tools to assist People Managers utilize Workday to help guide them through compensation decisions.
- Prepare detailed job descriptions and classification systems and define job levels and families, in partnership with other managers.
- Partner with VP HR for information regarding legislation, arbitration decisions, and collective bargaining contracts to assess industry trends.
- Plan, direct, supervise, and coordinate work activities of subordinates.
- Prepare annual budgets for workforce planning, operations and supporting functions.
- Further develop and improve the existing salary structures across all levels of the organization including frontline production team members up to executive leadership.
- Serve as an internal consultant on all things compensation; partnering with HR stakeholders, managers, and leadership to develop, implement and administer compensation policies and programs.
- Ensure alignment of incentive/reward elements with strategic objectives and operational performance metrics.
- Proactively research and analyze internal and external data to determine our competitive position using Workday. Take the analysis of this data to make recommendations to leadership on programmatic changes.
- Support the annual compensation review process; coordinate manager planning activities in Workday, assist in the administration of planning guidelines and deliverables, and ensure that all recommendations adhere with budget constraints, equity, and pay for performance culture.
- Evaluate tools and resources to support and execute market pricing for newly created positions by facilitating a comparative analysis on roles within the respective industry.
- Maintain ownership of the management and administration of all short and long-term incentive programs. Where warranted, lead in the development and/or redesign of these programs.
- Monitor the effectiveness of existing compensation practices and recommend changes that are cost-effective and consistent with compensation trends and company objectives.
- Provide advice to business leaders on pay decisions, policy interpretations, and job evaluations.
- Develop and deliver presentation materials and communications that simplify complex compensation philosophy into understandable manager and employee guidance.
- Conduct training as needed in relation to compensation practices and provide resources and information related to regulatory compliance for managers.
- Oversee the participation in salary surveys and monitor salary survey data to ensure corporate compensation objectives are achieved.
**Required Skills & Experience**:
- Bachelor’s degree in business, HR or related field
- Minimum of 5 years’ experience setting and managing compensation strategy and structures
- Experience managing compensation programs for organization with large non-exempt workforce, preferably in manufacturing or related industry
- HRIS systems proficiency, specifically in Workday preferred
- Proven working knowledge of all federal, state, local and provincial regulations related to wage and hour laws
- Strong analytical skills and ability to interpret and communicate data
- Proactive solution-oriented problem solver with mindfulness of the big picture
- Strong prioritization, project management, planning and organization skills
- Outstanding judgment, maturity, and integrity in handling sensitive and/or confidential information
- Proven ability to lead, influence, and coach others toward a common goal
- Ability to stay current on trends, best practices, regulatory changes, and new technologies in compensation to provide practice and process improvements across the business
- Effectively communicates complex information to all levels of the organization
- Excellent computer skills in
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