Compensation Manager

3 weeks ago

Cleveland, United States Hunter International Recruiting Full time

The Compensation Manager is primarily responsible for developing the company compensation strategy. The candidate will be skilled at developing programs that attract, develop, motivate, and retain highly skilled associates. This will require maintaining close partnerships with all company divisions to understand and support their goals. It is essential that this position uses independence and judgment to recognize and resolve complex problems and issues and is accountable for the timeliness and accuracy of work.

Compensation Manager Responsibilities:

  • Develop and implement all aspects of compensation strategies and policies. Includes the design and support of incentive plans, sales commission structure, recognition programs, and compensation policies that increase the companys ability to attract, develop, and retain employees.
  • Design/maintain leading-edge employee incentive plans, aligned with company performance metrics.
  • Ensure that the company adopts competitive and "best-practice" policies regarding compensation strategy against the marketplace.
  • Act as liaison between the strategic compensation and benefits function and other departments to ensure all are communicating effectively and using congruent policies and standards.
  • Maintains the current methodology for on-going surveying externally to assure awareness of competitive pay levels for specific positions and the area market in general.
  • Administers the execution of the various pay plans, including Short Term Incentive (Bonus) award payments, merit increases and executive compensation.
  • Develops, directs, and manages communication of compensation programs to improve understanding and acceptance of compensation programs.
  • Integrates all compensation programs for new associates as the result of Acquisitions / Mergers for all acquired entities.
  • Identifies compensation issues that have or might arise and provide recommendations for the proper actions to be taken. Continue the regular process of surveying the various field markets for the competitive compensation levels for all positions and reporting back the results.
  • Benchmark activities across all areas of rewards to elevate our understanding of our compensation competitiveness globally and evolve it over time to meet the changing landscape of Compensation and Benefits.

Compensation Manager Requirements:

  • Bachelors' degree in, Business, Finance, Human Resources, or equivalent
  • 5+ years of hands-on experience in compensation.
  • 2-3 years in a senior-level strategy setting capacity, ideally in a multi-divisional and a multi-national environment.
  • Certified Compensation Professional (CCP) preferred.
  • Demonstrated knowledge of and experience in human resources functions and specifically developing total compensation packages.
  • Advanced Excel skills with ability to perform detailed calculations, modeling and analysis using data in building compensation and benefits plans reconciled with budgets and forecasts.
  • Familiarity with Paylocity, salary surveys, benchmarking, external vendors, and other global compensation and benefit providers and tools.
  • Demonstrated strong verbal and written communication and interpersonal skills; attention to detail and accuracy in work; and time management and organizational skills.
  • Demonstrated team orientation and the ability to work independently.
  • Highly skilled in change management with the ability to influence stakeholders with competing priorities and differences of opinion towards a common goal and solution, enabling decision-making.

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