Compensation Manager leads the development, implementation, and administration of compensation programs, policies, and procedures. Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Being a Compensation Manager ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. Directs data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Manager requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Compensation Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (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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