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Total Rewards Manager
2 months ago
Versiti, Inc. is a leading organization in the field of transfusion medicine, transplantation, stem cells, and cellular therapies. We are committed to improving the lives of patients and helping our healthcare partners thrive.
Job SummaryWe are seeking a highly skilled Total Rewards Manager to join our team. The successful candidate will be responsible for developing, implementing, and managing our total rewards programs to ensure they are competitive, equitable, and aligned with our organizational goals.
Key Responsibilities- Develop and implement total rewards strategies that attract, retain, and motivate top talent while ensuring internal equity and external competitiveness.
- Conduct regular market analysis to benchmark our total rewards packages against industry standards and ensure our offerings remain competitive.
- Manage the total rewards budget and forecast program costs in collaboration with the Finance team.
- Ensure compliance with all relevant regulations and laws governing total rewards practices, including FLSA, EEO, ERISA, ACA, HIPAA, COBRA, and other regulatory requirements.
- Develop communication strategies to educate managers and employees on total reward policies, practices, processes, and programs to promote understanding and transparency.
- Analyze total rewards data and metrics to identify trends, opportunities, and areas for improvement and make data-driven recommendations to enhance our total rewards programs.
- Collaborate with HR partners, finance, and business leaders to align total rewards strategies with organizational objectives and priorities.
- Design and maintain compensation policies and procedures to ensure consistency and compliance.
- Lead job evaluation processes to ensure accurate exemption status, job classifications, and appropriate compensation levels.
- Design and maintain salary structures, ensuring they are equitable, transparent, and scalable to support organizational growth.
- Conduct pay equity analyses to ensure fairness and compliance with equal pay regulations.
- Develop, implement, and manage variable pay programs, including bonuses, incentives, and commission structures, to drive performance and reward achievement.
- Work closely with the CEO and CHRO to align long-term incentive programs for a non-profit organization.
- Integrate overall performance management into compensation strategies to support employee development, drive a pay-for-performance culture, and align to organizational goals.
- Manage the merit increase process, including setting guidelines and managing budget allocations.
- Design and administer employee benefit and wellness plans.
- Evaluate and select benefits vendors, manage relationships with benefits providers, and ensure optimal service delivery.
- Manage the open enrollment process, including planning, communication, and support for employees during enrollment periods.
- Manage retirement plans, such as 401(k), 403(b), and 457(b), ensuring they are competitive and well-administered.
- Administer various types of employee leave, including FMLA, parental leave, and other leave programs.
- Analyze and optimize benefits costs while maintaining or improving the quality of offerings.
- Bachelor's Degree in Human Resources, Business Administration, or related field experience required.
- Master's Degree in Human Resources, Business Administration, or related field preferred.
- Minimum of 8 years of experience in total rewards, compensation, or benefits, with a demonstrated track record of success in developing and implementing total rewards programs.
- Prior experience leading and developing staff required.
- In-depth knowledge of total rewards best practices, market trends, and regulations required.
- Strong analytical skills with the ability to interpret complex data and draw meaningful insights required.
- Working knowledge of HR laws and practices impacting employee benefits required.
- Demonstrated understanding and ability to design and implement processes associated with benefit changes required.
- Proven program and project management skills required.
- Analytical and problem-solving skills required.
- Experience in the design, development, and writing of comprehensive benefits communications required.
- Track record of building and maintaining strong customer and cross-functional relationships required.
- Certified Compensation Professional (CCP) preferred.
- Certified Employee Benefits Specialist (CEBS)-IFEBP preferred.
- Proficiency in HRIS systems and total rewards software required.
- Advanced Microsoft Suite skills required.
