Senior Compensation & Benefits Manager

Description

Best Formulations LLC., a diversified nutraceutical company headquartered in City of Industry, California, is a contract manufacturer and private labeler of thousands of branded, high quality nutritional supplements including softgels, tablets, capsules, powders, and teas.

About the role:

We are a trusted partner to our customers when it comes to innovation and have one of the strongest R&D, product formulation and technical teams in the industry. We are recognized as the leader in plant-based softgel innovation and our ability to encapsulate difficult formulas. We seek out innovation across our entire business and pass that knowledge and expertise to our customers.

As a Senior Compensation and Benefits Manager, will lead our compensation and benefits programs. The ideal candidate will have a deep understanding of compensation and benefits strategies, experience in designing and implementing competitive compensation packages, and a strong ability to analyze market trends to ensure our offerings remain attractive and competitive. This role requires strong leadership skills, excellent communication abilities, and a passion for creating impactful programs that support employee engagement and retention. This role will report to the Vice President of People Experiences.

How will you contribute:

• Develop and implement compensation and benefits strategies that align with organizational goals and objectives.
• Oversee the design, development, and administration of employee compensation programs, including base pay, incentives, and bonuses.
• Conduct regular market analysis to ensure our compensation and benefits offerings remain competitive.
• Lead the annual salary review process, including budgeting, benchmarking, and salary structure adjustments.
• Partner with HR leadership to develop and implement comprehensive benefits programs, including health insurance, retirement plans, and other employee benefits.
• Ensure compliance with all relevant regulations and laws governing compensation and benefits programs.
• Analyze compensation and benefits data to identify trends, opportunities for improvement, and areas of risk.
• Collaborate with cross-functional teams to address compensation and benefits-related issues and provide strategic guidance.

Qualifications

Minimum Requirements/Qualifications:

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field; Master's degree preferred.
• 7 years of experience in compensation and benefits management, with at least 3 years in a management role.
• Strong understanding of compensation and benefits principles, practices, and trends.
• Proven track record of designing and implementing successful compensation and benefits programs.
• Excellent analytical skills with the ability to interpret data and make data-driven recommendations.
• Strong leadership and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
• Exceptional communication skills, both verbal and written.
• Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) designation preferred.
• Proficiency in HRIS systems and Microsoft Office Suite.

Work Environment:

• May involve exposure to allergens such as Soy, Wheat, Fish, Shellfish, Milk, Egg, Tree Nuts and Sesame.

What Best Formulations can offer you:

• 401(k) with company match
• Tuition reimbursement
• Medical/Dental/Vision/Pet Insurance
• Health & Wellness programs
• Generous time off for vacations

More about us:

As a valued strategic partner, Best Formulations offers a comprehensive program of services, turnkey solutions, and client support that is unmatched in the industry. Our product development team can provide customized, proprietary formulations designed specifically to meet the needs of our customers and their method of distribution. Our vertically integrated manufacturing and packaging process allows us to schedule flexible production runs to respond quickly to shifting market demands. Every step of the way, we are committed to your growth and success!

"To develop and strengthen mutually beneficial relationships with our employees, customers, and business partners by providing the highest quality products and the Best customer service. Together We Grow!"

This position is currently classified as on-site.

Base Salary Range: $84,500 - $104,000 per year, based on candidate professional experience level. Employees are eligible to participate in Medical, Dental, Vision, Life Insurance, 401(k), Holidays, Vacation, Tuition Reimbursement Program.

The final salary offered for this position may take into account a number of factors including, but not limited to, location, skills, education, and experience.

In accordance with the CO Equal Pay Act, Colorado Applicants Are Not Permitted to Apply.

The Company reserves the right to modify, update, change and/or make corrections to this job description, at the sole discretion of senior management, at any time during the employee’s employment term, at the sole discretion of management.

EEO Statement

Best Formulations is an equal opportunity employer committed to employing a diverse workforce and providing accommodations for people with disabilities in all parts of the hiring process as required under its Employment Accommodation Policy. Best Formulations will work with applicants to meet accommodation needs that are made known to Best Formulations in advance.