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. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation 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 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)
Summary of this position:
The Coordinator will have primary responsibility for managing compensation and benefits programs offered to the entire campus. They will coordinate these on a day-to-day basis and attend to all campus needs, providing problem-resolution assistance when needed. This oversight includes benefit enrollment, changes, terminations, payments, compensation evaluations and other salary planning. Maintaining positive relationships with vendors and coordinating their activities to maximize the employee experience is a critical responsibility.
Primary duties and responsibilities:
Benefit program administration- Maintain and monitor the employee insurance programs on a daily basis, providing problem-resolution assistance when necessary. Implement new programs and open enrollment each year. Assist in developing the agenda for the campus-wide benefits committee. Work with Payroll Manager each pay period to ensure the accuracy of deduction information. Ensures the organizations and plans comply with the applicable provisions of COBRA, HIPAA, and ERISA.
Retirement plan administration - Maintain and monitor the employee insurance programs on a daily basis, providing problem-resolution assistance when necessary. Implement new programs and open enrollment each year. Assist in developing the agenda for the campus-wide benefits committee. Work with Payroll Manager each pay period to ensure the accuracy of deduction information. Ensures the organizations and plans comply with the applicable provisions of COBRA, HIPAA, and ERISA.
Vendor liaison- Work with vendors to ensure correct administration of plans and accuracy of documents. Work with vendors to coordinate all aspects of benefit programs.
Compensation administration- Conduct job description analysis and recommend salary grade recommendations to Management. Investigate and recommend consistency improvements among divisions regarding job titles, job description quality and midpoint compliance concerns. Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
Subject Matter Expert support – Each member of the HR team will be expected to become a subject matter expert on several HR-related tasks and responsibilities. This would include answering department questions, vendor coordination, training co-workers, establishing and documenting procedures and spokesperson to outside entities.
HR project team member- Each member of the HR team will be assigned to participate in team projects based on College-wide needs or requests.
Minimum Qualifications Required:
Education required to ensure success in this position:
A Bachelor’s Degree in Human Resources Management or Business Administration required
Experience required to ensure success in this position:
2 years’ experience with benefits and\or other HR related programs required
Special skills, knowledge and abilities:
Ability to work in/with benefits vendors’ software.
Proficiency with Excel and Word.
Banner experience helpful;
Excellent organizational skills and superior customer service skills are required.
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