Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Works with senior management to ensure that compensation strategy and programs support the organization's business objectives and meet all legal requirements. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. May be responsible for entire organization or for one or more major segments of a larger organization. Additionally, Compensation Director requires a bachelor's degree. Typically reports to top management. The Compensation Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Compensation Director typically requires 5+ years of managerial experience.