Compensation and Benefits Manager

6 days ago

Fairport, New York, United States Bosch USA Full time
Job Title: Compensation & Benefits Manager

Bosch Building Technologies is seeking a highly skilled Compensation & Benefits Manager to lead the design and development of benefit plans, oversee benefit operations, and build strong business relationships with vendors and stakeholders.

Job Summary:

The Compensation & Benefits Manager will be responsible for leading the strategy for the design and development of benefit plans, assessing current shared service support, and determining necessary action to build a stand-alone benefit function. This role will also oversee benefit operations, act as a change agent, and proactively build efficiencies and enhance the delivery of benefit offerings to the employee population.

Key Responsibilities:
  • Lead the strategy for the design and development of benefit plans to support the divestiture of the division from Bosch to a stand-alone entity.
  • Assess current shared service support and determine necessary action to build a stand-alone benefit function.
  • Oversee benefit operations and act as a change agent to proactively build efficiencies and enhance the delivery of benefit offerings to the employee population.
  • Form strong business relationships with vendors and other related third-party relationships.
  • Administer employee savings plans, 401(k) plan, and deferred compensation programs.
  • Advises and informs employees of changes and developments related to benefits, including eligibility, coverage, and provisions.
  • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.
  • Conducts employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers.
  • Identifies and, in partnership with leadership, selects carriers and plans based on quotes, available benefits, and prior experience.
  • Monitor administration and insurance carrier reports to ensure the organization is in compliance with plan requirements.
  • Ensures organization and plan compliance with the applicable provisions of COBRA, HIPAA, and ERISA.
  • Conduct research and compare incentive compensation plans offered by demographically comparable organizations; assesses competitors' plans and makes recommendations for enhancements or improvements required to keep the organizations plans competitive and effective.
  • Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers.
  • Assign jobs to the appropriate compensation structures and FLSA classifications, applying foundational knowledge of DOL and FLSA wage and hour regulations.
  • Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
  • Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
Requirements:
  • Bachelor's Degree in Human Resources or related field.
  • Minimum of eight to ten years Human Resource experience, preferably in benefits and compensation.
  • Must have thorough knowledge of employment-related laws and regulations.
  • Ability to analyze and interpret complex benefit and compensation topics and competent to work with mathematical concepts such as probability and statistical inferences.
  • Ability to respond effectively to sensitive inquiries or complaints.
  • Ability to manage the reporting function and present data and other information in a logical and cogent manner.
  • Ability to make effective and persuasive presentations on controversial or complex topics to top management, and/or public groups.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Excellent communication skills with strong ability to establish credibility quickly, form and build new relationships across the Human Resource team and the organization.
  • Ability to collaborate with diverse work teams and stakeholders.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Demonstrated ability to manage confidential and sensitive information possessing skills to handle situations in a professional and diplomatic manner.
  • Strong business acumen with a high degree of emotional intelligence, self-motivation, analytical ability, and critical thinking skills.
  • Proficiency in Microsoft Office, Internet Explorer, Outlook/Exchange; Windows operating systems; and other software routinely used within the business. Knowledge of SAP business system desired.
  • Ability to work independently and remain self-motivated with minimal direct supervision.
  • Proficiency with or the ability to quickly learn the organization's HRIS and talent management systems.
  • Must be an energetic, self-starter who is flexible and adaptable to changing business demands.
  • Good organizational skills required.
  • Patience and professionalism are essential.
  • Experience in a global environment preferred.
  • Ability to travel up to 15%, both internationally & domestically.
Additional Information:

All your information will be kept confidential according to EEO guidelines.

By choice, we are committed to a diverse workforce - EOE/Protected Veteran/Disabled.

BOSCH is a proud supporter of STEM (Science, Technology, Engineering & Mathematics) Initiatives: FIRST Robotics (For Inspiration and Recognition of Science and Technology) and AWIM (A World In Motion)

Indefinite U.S. work authorized individuals only. Future sponsorship for work authorization is not available.

Bosch Building Technologies intends to transform our business and thrive under new ownership We are committed to expand our business and looking for talented individuals to join us on this exciting journey

Learn more here: https://www.bosch-presse.de/pressportal/de/en/realignment-bosch-building-technologies-to-focus-on-systems-integration-business-259403.html

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