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)
Position Summary:
The role is responsible for all aspects of compensation, both in the retail stores & store support center for EG America. Oversees base salary and incentive programs, job evaluations, and salary survey participation and procurement. Conducts market analysis of company jobs to determine competitive positioning of the organization's pay programs. Participates in annual salary administration programs, including salary structure creation and maintenance and development of incentive or salary increase budgets. Ensures that all compensation-related activities comply with applicable regulations and standards.
Responsibilities:
1. Serve as subject matter expert and provide day-to-day compensation support.
2. Collaborate and partner with Leadership Support Team, HR Business Partners & Talent Acquisition on pay decisions.
3. Manage the mid-year and year-end compensation process in alignment with the performance evaluation process using compensation modeling, data analytics and benchmarking.
4. Develop and track compensation reporting metrics and communicate actionable insights to Leadership Support Team.
5. Administer and participate in salary surveys and monitor salary survey data to ensure competitiveness.
6. Design and deliver compensation communication to managers and employees.
7. Ensure compliance with federal, state, and local compensation laws.
8. Manage long-term and short-term store support incentive plans.
9. Collaborate with Finance on retail store incentive plans.
10. Collaborate with Legal on acquisition and divestment activities.
11. Manage the annual expense budgeting and forecasting process for the Human Resources department.
Working Relationships: All levels of management across the organization
Minimum Education:
Bachelor’s degree or equivalent experience in Finance, Human Resources or related field
Preferred Education:
Master’s degree or equivalent experience in Finance, Human Resources or related field
Minimum Experience:
2-4 years in Finance or Human Resources with strong analytic duties
Preferred Experience:
4-6 years in Finance or Human Resources with strong analytic duties
Licenses/Certifications:
Strong computer skills. Advanced level skill set with Microsoft Excel
Soft Skills:
Physical Requirement:
Ability to stand/walk/ sit as needed during work day
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