Compensation Director Salary in Lorain, Ohio

Compensation Director directs, designs, and plans compensation policies, objectives, and initiatives. Oversees the collection of wage, salary, and incentive survey data to ensure the organization's compensation programs/objectives are competitive. Being a Compensation Director plans and administers long and short-term equity programs and executive programs that drive company performance and comply with laws and regulations . Ensures compensation programs remain within budgetary constraints. Additionally, Compensation Director oversees messaging to employees to promote clarity and reinforce the value of compensation programs. Keeps abreast of regulatory, market, and practice changes and trends. Champions timely and robust data collection and analysis processes that support research and market, pay equity, and other compensation studies. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to top management. The Compensation Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Compensation Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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