Compensation Supervisor supervises a team working on compensation plans and programs and related analysis. Oversees common compensation projects, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Being a Compensation Supervisor ensures that compensation plans and programs are consistent with organizational policies and all applicable federal and state laws. Maintains salary structures and company compensation policies. Additionally, Compensation Supervisor is responsible for survey participation and compensation analysis. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a manager. The Compensation Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Compensation Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
Job Summary:
The Director, Compensation is responsible for the formulation of strategy, design, communication, implementation and evaluation of compensation programs HR systems, HR data and payroll policies, programs, practices and procedures. The position has oversight of Compensation, , including vendor selection and management, program administration and department initiatives. Assesses the impact of current programs and proposes new programs to support achievement of strategic business initiatives and to meet corporate objectives. This position works with senior leadership on the creation, design, and planning of compensation structure, merit guidelines, performance management, organization structure, job roles and responsibilities across and throughout the enterprise.
Key Responsibilities and Accountabilities:
· Responsible to formulate strategy, design, manage and execute human resources and company programs related to effective compensation, organization design, HR analytics and reporting.
· Ensure payroll compliance to applicable regulations. Recommends and modifies programs to create appropriate value to employees, control costs, improve program service levels and improve employee engagement.
• Collaborate with senior leadership to ensure organizational effectiveness by defining roles and responsibilities to effective manage the company and achieve objectives.
• Develop salary structure, merit increase guidelines and performance plans in accordance the Company’s compensation philosophy.
• Provide analysis of company HR measurements and analytics to provide strategic review and planning of HR functions, results and direction.
• Ensure payroll function regularly and effectively pays all team members, and ensures files appropriate taxes and transfers funds as required.
• Perform other related duties as required.
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