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)
As part of a hardworking team of diverse human resource specialists, you will be responsible for compensation for Blue. You will share in the team’s impact on all aspects of compensation program development and execution for the company. In this role, you will plan, develop and implement new and revised compensation programs, policies, and procedures to align with the company's goals and competitive practices. You will partner with senior leadership to ensure compensation initiatives support business objectives and align with the company's compensation philosophy. In this role, you will need to maintain in-depth compensation and industry knowledge, conduct competitive analyses, and recommend updates to remain in line with market trends. You will design creative solutions for specific compensation-related programs and incentive plans and develop strategies to drive employee awareness and understanding of all compensation programs. You will be responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations.
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