Top Compensation Executive plans and directs 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 in the current marketplace. Being a Top Compensation Executive is responsible for the design, development, and administration of all compensation programs used to attract and retain employees. Plans and administers long and short term equity programs and executive programs that drive company performance. Additionally, Top Compensation Executive ensures compensation programs remain within budgetary constraints. Directs communications to employees that is clear and reinforces the value of the compensation programs. Keeps abreast of regulatory, market, and practice changes and trends. Requires a bachelor's degree. Typically reports to top management. May require CCP. The Top Compensation 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 Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2020 Salary.com)
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