Compensation and Benefits Manager

6 days ago

Des Plaines, Illinois, United States STERIS Full time
Job Summary

We are seeking a highly skilled Compensation and Benefits Manager to join our team at STERIS. As a key member of our HR department, you will be responsible for designing, planning, and managing all Total Rewards programs, including compensation and benefits programs, policies, and procedures.

Key Responsibilities
  • Analyze and manage existing benefits programs and policies, including all health and welfare programs, and the 401(k) retirement plan.
  • Ensure plans are competitive from a plan design and administration standpoint and make recommendations for cost control and improvement.
  • Work closely with CHRO and consultants on annual renewals and benefits strategy.
  • Oversee and administer all activities for employees, including open enrollment, employee changes, and activities related to new hires and terminations.
  • Coordinate communications related to employee compensation benefits activities, including preparing and conducting presentations for Senior Leaders and the organization.
  • Manage all aspects of corporate compensation programs on a global level.
  • Partner with other members of HR and Management to ensure jobs are priced according to market and the corporate compensation philosophy.
  • Develop and process incentive plans and payments.
  • Develop recommendations for compensation adjustments based on benchmarks and market trends.
  • Participate in external compensation surveys.
  • Promote wellness programs to employees through active, ongoing initiatives and communications.
  • Develop and administer programs to promote employee health, including physical fitness, weight-reduction, smoking cessation, early-detection, and related programs.
  • Work closely with HRIS/HR lead to ensure that the HRIS system is up to date with all system changes, including employee demographics, benefits, and payroll.
  • Partner with IT to identify and implement efficiencies administering the HRIS program as well as any upgrades.
  • Maintain an ongoing effort to determine and maintain equity with current benefit trends and legislated requirements and programs.
  • Work closely with brokers and counsel to ensure plans remain in compliance, including annual 5500 filings, audits, communications, amendments, and plan documents.
  • Assure compliance with all applicable federal and state statutes, including (but not limited to) ERISA, HIPAA, FMLA, and ADA.
  • Achieve financial objectives by preparing and actively managing the benefits operational budget, scheduling expenditures, analyzing variances, making recommendations, and initiating improvements.
  • Work on global compensation and benefits projects, investigating and providing recommendations on new compensation and benefits programs in different areas of the world where the company operates.
  • Maintain records of cost of benefits and compile data for cost analysis.
  • Reconcile and process all benefits-related invoices, as well as ensure the tracking of disability payments.
  • Provide guidance to managers, supervisors, and employees through interpretation of employee compensation programs.
  • Continuously educate Human Resources colleagues on current best practices and trends.
  • Participate in benefits and compensation surveys conducted by other companies, researching published surveys to gather data on positions and analyzing published surveys to determine the company's competitive position.
  • Lead and manage annual compensation projects, including all merit and bonus programs as well as forecasting.
Requirements
  • Bachelor's degree in human resources, business administration, accounting, or a related field.
  • CCP/CBP/CEBS/PHR a plus.
  • 8-12 years of experience in administering benefits programs and current knowledge of applicable federal, state, and local labor laws.
  • Working knowledge of EEO, ADA, Family Leave, and other regulations regarding employment and employee welfare.
  • HR/Benefits/Comp experience in a manufacturing and/or global environment required.
  • Intermediate Microsoft Office skills (Word, Excel, PowerPoint).

STERIS is an Equal Opportunity Employer. We are committed to equal employment opportunity and the use of affirmative action programs to ensure that persons are recruited, hired, trained, transferred, and promoted in all job groups regardless of race, color, religion, age, disability, national origin, citizenship status, military or veteran status, sex (including pregnancy, childbirth, and related medical conditions), sexual orientation, gender identity, genetic information, and any other category protected by federal, state, or local law.

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