Compensation Director
3 weeks ago
The Director of Compensation will be responsible for developing and implementing compensation strategies, systems, and programs that align with the organization's compensation philosophy to pay our teammates competitively, equitably, and transparently.
Key Responsibilities- Develops compensation strategies, policies, and programs
- Designs, implements, and manages salary classification and compensation systems, including job levels, grades, salary bands, and salary scales
- Regularly reviews compensation practices and market conditions, and adjusts the organization's pay, incentive, and benefit structures as needed
- Directs job classification processes and salary placements for new and current employees
- Managing and oversight of job descriptions and titles
- Management of annual salary review process including but not limited to, conducting benchmarking data to make recommendations on annual salary increases, review and assess any promotion requests with recommendations, communication with managers and employees and run the processes for importing new salaries into the HRIS system
- Assessment and management of additional compensation structures including but not limited to, stipends, additional work assignments and/or contracted work to ensure alignment, consistency and equitable approach across the organization as well as market competitiveness
- Review and address all compensation related inquiries or concerns from internal staff or prospective staff
Partner with the Managing Director of Human Resources and Payroll in the design, implementation, and administration of the organization's total rewards program (including compensation, benefits, recognition, retirement, and well-being)
Monitor industry trends and make recommendations that support the organization's ability to continue to attract, engage, and retain talent
Evaluate the effectiveness of the total rewards program and identify areas for improvement
Lead and direct the organization's total compensation committee
Cross-Functional Stakeholder Support & EngagementProvides counsel to hiring managers on job descriptions, salary decisions, policy, and guideline interpretation and job evaluations
Partner with and provide counsel to the Talent Teams (talent acquisition, human resources, employee relations, payroll) team on pay decisions, policy, and guideline interpretation
Create a communication strategy approach to ensure teammate understanding of compensation policies and benefit offerings
Develop and lead the processes for generating, distributing, and operationalizing annual compensation changes for all staff
Legal ComplianceEnsure compliance with all legal and regulatory requirements related to compensation and benefits
Oversight of job postings and job description to comply with state and federal requirements
Conduct audit assessments for pay equity and compensation alignment across the organization
Refine and codify internal compensation processes to ensure accuracy, security, timelines, and compliance with applicable local, state, and federal compensation regulations
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