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)
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
#AC
Clear All
0 Compensation Director jobs found in Worcester, MA area