Compensation and Benefits Director manages the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Being a Compensation and Benefits Director develops and manages compensation and benefits budgets. Oversees compensation processes, including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis. Additionally, Compensation and Benefits Director manages benefits planning and programs including health and welfare, retirement, and work life. May select and manage outsourced providers. Requires a bachelor's degree. Typically reports to top management. The Compensation and Benefits Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation and Benefits Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
As a Senior Director Compensation & Benefits at Honeywell, you will be a key member of the Global Compensation & Benefits and the Human Resources leadership teams. You will provide functional expertise, creative C&B solutions, flexible pay strategies, market intelligence, and analytics for informed decision making, aligned with Honeywell's growth strategy.
This position will report directly to our Vice President of Total Rewards, and you will work out of our corporate headquarters in Charlotte, North Carolina on a hybrid work schedule.
In this leadership role, you will drive continuous improvement to develop highly efficient compensation processes, deliver C&B support to foster a high-performance culture, and ensure the consistent application of our pay philosophy. You will also be responsible for designing, administering, and communicating Honeywell's compensation plans, benefit plans, and reward programs across the organization.
At Honeywell, our people leaders play a critical role in developing and supporting our employees to help them perform at their best and drive change across the company. Help to build a strong, diverse team by recruiting talent, identifying, and developing successors, driving retention and engagement, and fostering an inclusive culture.
KEY RESPONSIBILITIES
• Drive continuous improvement in compensation processes
• Deliver C&B support to foster a high-performance culture
• Partner with business leaders to provide functional expertise and creative C&B solutions
• Design, administer, and communicate compensation plans, benefit plans, and reward programs
• Ensure consistent application of pay philosophy
• Build and develop C&B functional capabilities
• Drive and implement high priority projects and annual compensation cycles
• Develop and execute changes to improve efficiency
• Establish clear, specific, and time-bound plans to support business needs
• Create and implement C&B strategies related to business growth.