Manager, Compensation Job Description
Manager, compensation
provides compensation and Benefits expertise in support of M&A activities to include leadership in due diligence processes and integration activities.
Manager, Compensation Duties & Responsibilities
To write an effective manager, compensation job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, compensation job description templates that you can modify and use.
Sample responsibilities for this position include:
Oversee outsourced benefits administration (BAI) of healthcare, disability, life insurance, COBRA, 401(k) Plan, and leave of absence
Provide guidance for the annual delivery/administration of salary, incentive, and equity planning process including budget recommendations, schedule, and development of tools, processes and training
Ensure cash compensation programs comply with all governing compensation regulations and legal compliance (FLSA, Equal Pay)
Ensures compliance with all relevant government regulations, including California wage and hour law, FLSA
Review current salary practices to design compensation structures, create job families and revise and/or align current plans
Process improvement for all aspects of Compensation
Advice and counsel to all levels of management regarding compensation issues
Accountable for compensation management system and data integrity, accuracy and maintenance of all compensation related data and reports
Design and deliver compensation communication and training material to managers and employees
Lead annual review process to award merit increases, annual bonus payouts and annual equity grants
Manager, Compensation Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Compensation
List any licenses or certifications required by the position: CCP, PHR, SPHR, SHRM, GRP, CEBS, CIPD, CEP, CFA, FEMA
Education for Manager, Compensation
Typically a job would require a certain level of education.
Employers hiring for the manager, compensation job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Management, MBA, Human Resource Management
Skills for Manager, Compensation
Desired skills for manager, compensation include:
M&A Compensation & Benefits due diligence
Excel
Word
MS-Office applications
Federal
HRIS systems
Tax
Administration
Core compensation terminology and best practices
FLSA
Desired experience for manager, compensation includes:
BA/BS required, Masters degree in Human Resources or related field preferred, Certified Compensation Professional (CCP) preferred
Strong cross-functional collaborative skills
In depth knowledge of base, bonus / incentive, sales compensation and stock plans design, strategies, and principles
Experience working with and influencing senior executives in complex and/or sensitive change situations
Require bachelor's degree in a related area and at least 7 years of compensation analysis experience in HR and 4 years in a leadership role
Must have 5-7 years of progressive compensation experience including experience leading Compensation Analysts
Manager, Compensation Examples
1
Manager, Compensation Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of manager, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, compensation
- Manage the administration of compensation (exempt and nonexempt cash compensation programs) for staff including the processing, recording and reporting of compensation-related actions taken on salaried and non-salaried employees
- Keep apprised of global, federal, state and local compensation laws and regulations in order to ensure firm compliance
- Calculate various accruals, forecasts and calculations
- Facilitate and resolve day-to-day compensation issues and requests in support of field sales and operational customers, by answering questions and addressing issues in a timely and professional manner
- Utilize advanced analytical skills to provide detailed analyses of all aspects of sales compensation, including modeling, plan effectiveness, design alternatives and cost implications
- Perform ad-hoc analysis to calculate and determine special sales compensation exceptions and cases
- Assist in creation and research of Strategic Account Executive compensation to ensure we are enabling the right behavior for driving large, long term, and complex deals
- Act as point person for legislative and regulatory changes impacting store and non-store associates
- Evaluate market environment to ensure competitive pay practices are in place that also support the global philosophy
- Evaluate current and develop new local programs in partnership with HR to drive desired behavior (sales incentives, retention programs)
Qualifications for manager, compensation
- Bachelor’s degree in business, HR or related major
- Eight to ten years compensation experience
- Support regional compensation colleagues (Indianapolis, Canada, Latin America, ) in delivery of key compensation processes and programs
- Designing, overseeing and implementing compensation and benefits programs
- Monitoring salary structures
- Balancing staffing needs with cost controls
2
Manager, Compensation Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of manager, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for manager, compensation
- Keeping apprised of Federal, State and Local compensation laws and regulations to ensure company compliance
- Support strategic initiatives and advise HR generalists on compensation matters to enhance and develop the knowledge and skills of the HR professionals in the area of compensation
- Develop programs to educate leaders/managers on compensation programs to reinforce the organization’s culture and compensation principles
- Assist with driving and directing annual compensation processes (i.e., merit, bonus, and equity) to ensure successful delivery, competitiveness, and alignment with the company’s compensation philosophy
- Develop and implement a sales compensation program to achieve desired employee outcomes and meet long-term goals for overall success and retention within the sales organization
- Develop comprehensive job descriptions for all functions and levels of positions within the organization
- Conduct annual compensation benchmarking and make recommendations to leadership for strategic alignment of global and local compensation programs
- Support, enhance and develop HR team on strategic initiatives related to the organization's culture and compensation principles
- Provide thought leadership and assist with annual compensation processes
- Focal tool program management—Understand system functionality and identify opportunities for improvement to business and system processes
Qualifications for manager, compensation
- Ensuring that policies, procedures and programs are in alignment with the organization's overall strategic objectives and HR vision
- Bachelor's degree in Human Resources, Finance, Business or a related discipline
- 8+ years professional work experience with background in Compensation
- Technical competence in HR compensation, including strategic thinking, problem-solving and analysis
- Ability to lead large scale projects and motivate direct and indirect teams effectively
- Ability to interface with all levels of associates and executives
3
Manager, Compensation Job Description
Job Description Example
Our company is growing rapidly and is looking for a manager, compensation. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for manager, compensation
- Ensure that administration of various compensation programs are in compliance with established regulations, guidelines, processes and procedures
- Participate on special HR and/or compensation-related project teams
- Design and develop global salary range structures
- Work with firm leadership to establish the Total Rewards strategy to meet global requirements including the design, implementation and communication strategy around the approach to total compensation
- Monitor the effectiveness of existing compensation policies, guidelines and process, recommending revisions that position the firm to meet its compensation philosophy and competitive position in the market
- Provide advice to leadership on pay decisions, policy and guideline interpretation and role assessment which includes the design of creative solutions to specific compensation-related objectives
- Supervise the participation in both exempt and nonexempt salary surveys to ensure compensation objectives are achieved
- Manage annual merit and bonus processes
- Develop and communicate compensation metrics and reporting on a regular basis
- Consult with business partners on pay business strategy and compensation alternatives
Qualifications for manager, compensation
- 5 plus years experience, or equivalent work experience
- Experience with compensation incentive and equity based programs required
- Salary planning experience strongly preferred
- Data analytical skills strongly preferred
- Project management, organizational skills experience a plus
- 8+ years prior compensation experience with focus on project management, base pay and incentive plan design core compensation processes
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Manager, Compensation Job Description
Job Description Example
Our company is looking to fill the role of manager, compensation. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for manager, compensation
- Drive short-term incentive programs
- Support other teams in the Channel management team to achieve overall objectives
- You will have direct management responsibilities of day to day activities for employees and will be accountable for their performance evaluation, rewards and development
- Providing advice to corporate staff on pay decisions, policy and guideline interpretation, and job evaluation, including the design of creative solutions to specific compensation-related programs
- Developing techniques for compiling, preparing and presenting data
- Supervising the participation in, conducting and/or purchasing exempt and nonexempt salary surveys to ensure corporate compensation objectives are achieved
- Manages survey portfolio and market data analysis process including survey submissions, database management, annual market pricing process and annual salary budget process
- Manages job analysis/evaluation process
- Leads various compensation-related projects which involve revision, development and/or re-design of existing compensation programs
- Work with clients to gather compensation-related details to gain project-related clarification, which might include a review of job content, compensation data, understanding current plan design and policy information, understanding current compensation philosophy
Qualifications for manager, compensation
- Ability to lead others directly or thru project management
- Ability to establish schedules to achieve company expectations
- Proficient with computer based applications, specifically Microsoft Office
- SPHR and CCP certifications desired
- Minimum of 7 years of experience in various areas of Human resources
- Experience with leading moderate to complex projects
5
Manager, Compensation Job Description
Job Description Example
Our company is growing rapidly and is hiring for a manager, compensation. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, compensation
- Oversee the development administration of compensation programs
- Provides direction on severance related issues
- Manage daily activities of the compensation department
- Conduct and participate in compensation surveys or special compensation studies for purpose of maintaining the internal, external and individual equity while ensuring total compensation policies remain competitive by establishing standards and reviewing work of Compensation specialists
- Advise, evaluate and make recommendations concerning job benchmarking, promotions/transfers and restructuring processes, and other cases involving problems that need to be resolved
- Participate to the salary increase and bonus year-end process, including training and communication to HR partner and manager
- Work closely with Domtar’s HR community and/or line managers to meet the unique requirements needs of the various business units and employee groups
- Provide support associated with the due diligence and integration phases of mergers and acquisitions, with internal reorganizations, downsizings and divestitures as needed
- Leads compensation and benefit planning across sectors in Japan collaboratively working with regional Total Rewards team
- Implements various compensation programs which involve revision, development and /or redesign of existing compensation programs aligned with global compensation philosophy
Qualifications for manager, compensation
- Supports the business in the development and management of variable compensation programs that influence organizational and individual performance, place SHIP in a competitive position within the various labor markets in which SHIP competes to attract and retain talent
- Provides ad hoc support and problem solving to address compensation inquiries
- Skilled in accounting and budgeting, modeling and forecasting processes, accruals, economic and financial analysis tool
- Large, multi-national organization
- Must demonstrate flexibility and have experience working with different types of organizations including vendors, consultants, providers, clients
- Experience with compensation systems and HR Information Systems required