Compensation Director
3 weeks ago
Job Summary:
North Texas Compensation Association is seeking a highly skilled Director of Compensation to lead the development, implementation, and management of broad-based compensation strategies and programs. This role will be integral in leading the compensation function and will report into the Vice President of Total Rewards and HRIS. The ideal candidate will have a track record of success in designing and implementing effective compensation programs.
Key Responsibilities:
• Manage the Compensation department, including three direct reports.
• Provide guidance and oversight for incentive plans and programs, job architecture design, merit and salary structure design and administration, governance-related activities and deliverables, and all aspects of compensation advising and consultation.
• Develop communication strategies and materials to educate employees on compensation programs, policies, and practices, ensuring understanding and engagement across a diverse organization.
• Lead the design, development, and execution of compensation programs that attract, retain, and motivate employees.
• Oversee the administration of the annual salary review, cash incentives, long-term incentives, employee stock purchase plan, and other similar programs.
• Monitor market trends and industry benchmarks to ensure that our programs remain competitive. Provide in-depth market analysis for executive decision making.
• Provide consultation to the HR team on compensation processes, including new hires, promotions, and job changes.
• Collaborate with Business Leaders/HR Business Partners to ensure the needs of the business are met.
• Manage the development of the company's job architecture, job description, and job codes.
• Develop and enforce policies and procedures related to compensation programs.
• Stay abreast of legal and regulatory changes impacting compensation and proactively implement industry best practices.
• Participate in executive compensation activities, including the development of materials for the Compensation Committee, drafting the CD&A, and interfacing with independent consultants.
• Provide coaching and feedback to direct reports to aid in their development.
• Develop and track the team's budget. Select appropriate salary surveys and oversee participation.
Requirements:
Bachelor's degree in business, finance, or a related field, plus a minimum of 10 years of progressive experience in compensation management. Preferred education, experience, or skills include construction industry and executive compensation in a publicly traded company, CCP designation, advanced knowledge of Excel, and expert knowledge of relevant Federal, State, Local laws, regulations relating to compensation.
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