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)
Our client is a nonprofit organization that works with school districts and local communities to offer extended learning programs for underprivileged and low-income children. They are currently seeking a Director of Compensation for a critical role that is responsible for the co-design, oversight, and hands-on administration of all compensation programs and related initiatives.
JOB SUMMARY:
Reporting to the Senior Director of Total Rewards, the Director of Compensation role is both tactical and strategic to include the annual compensation planning process for discretionary salary increases, incentive and bonus processes, competitive pay analyses, compliance assessment and guidance, as well as job salary structure and compensation infrastructure build and maintenance. This leader will provide recommendations and the implementation of related compensation programs, projects and initiatives in partnership with business leadership, Total Rewards and Human Capital peer leaders. Working collaboratively with all stakeholders, the Director of Compensation will be required to understand specific business needs across all lines of business and talent workforce to include work environment nuances while driving the delivery of compensation solutions, compliance and processes. This role requires strategic thinking, planning expertise, and analytical abilities. The Director will interact across all levels of the enterprise and with external resources, including vendors, legal counsel, and consultants.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
•Oversee and lead staff to provide competitive benchmarking sources, tools, documentation and processes, FLSA designations and documentation. Actively lead and administer annual base, incentive, and bonus compensation programs and administrative processes across all lines of business. Prepare related compensation budgets and cost analysis for each program and initiative, as needed.
QUALIFICATIONS AND REQUIREMENTS:
Job Type: Full-time
Pay: Up to $185,000.00 per year
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Work Location: In person
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