Top Compensation and Benefits Executive plans and directs compensation and benefits policies, objectives, and initiatives. Engages in high-level strategic planning of compensation and benefits programs designed to attract and retain employees. Being a Top Compensation and Benefits Executive ensures compensation and benefits programs remain within budgetary constraints and align with organizational goals. Monitors trends, provides recommendations, and suggests initiatives. Additionally, Top Compensation and Benefits Executive consults with legal and financial professionals to ensure compliant and financially sound programs. Evaluates vendors, negotiates and completes contracts. Requires a bachelor's degree. Typically reports to top management. The Top Compensation and Benefits Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Compensation and Benefits Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (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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