Compensation and Benefits Director manages the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Being a Compensation and Benefits Director develops and manages compensation and benefits budgets. Oversees compensation processes, including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis. Additionally, Compensation and Benefits Director manages benefits planning and programs including health and welfare, retirement, and work life. May select and manage outsourced providers. Requires a bachelor's degree. Typically reports to top management. The Compensation and Benefits 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 and Benefits 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)
The Compensation and Benefits Analyst is primarily responsible for assisting with the administration of all the Compensation and Benefits programs.
KEY DUTIES AND RESPONSIBILITIES
Compensation
· Prepares and maintains Job Descriptions for each position in the organization; ensures descriptions accurately reflect the work performed by incumbents.
· Interviews and surveys employees and managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
· Assesses jobs and their respective duties to determine the proper FLSA classification as Exempt or Non-exempt, as well as the appropriate salary ranges, professional family, job level etc.
· Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
· Prepares and presents summary reports of job analysis and compensation analysis information.
· Gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
· Evaluates and implements job analysis instruments and materials.
· Conducts focus groups to collect employee feedback on specific issues or topics related to compensation and benefits.
· Plans and communicates preferred methods and best practices for hiring, training, compensating, rewarding and evaluating employees.
· Advises management on applicable state and federal employment regulations, benefits and compensation policies, and collective agreements (if applicable).
Benefits
· Researches employee benefits in similar industries; based on findings, recommends changes or updates to the company’s existing benefits or policies.
· Works with insurance brokers and investment planners to create competitive, cost-effective benefits packages for the organization; facilitates implementation and enrollment for insurance and retirement plans.
· Assists team members in the initial enrollment process (monthly) and during Open Enrollment (annually), as well as during Qualifying Life Events.
· Reviews enrollments in systems to ensure completeness and accuracy for employee, Convey and external providers/ carriers.
· Responds to inquiries from supervisors and team members regarding technical aspects of benefits, as well as benefits enrollments, status changes and other company-related items.
· Assists with the administration of all leaves-of-absence to include disability (alongside the HR Department), personal leave (PLOAs) and Family and Medical Leaves (FMLs).
· Utilizes ADP HRIS system and vendor carrier feeds to enter, change and retain team member data, such as, position, pay rate, department/client/cost codes, benefits, address, dependents information etc.
· Assists with COBRA troubleshooting to ensure enrollments are accurately processed.
· Assists with monthly reconciliation and billing process, typically by running/providing reports that identify existing, new and terminated participants.
· Supports the Wellness Initiatives, including developing new initiatives, surveying employees, competitors and market trends, as well as the communication strategy and rolling out specific events and programs.
EDUCATION AND EXPERIENCE
· Bachelor's Degree in Human Resources or related field preferred, or equivalent HR experience.
· Minimum of two years of experience in/with benefits.
· One to three years of experience as compensation analyst required.
· HR Certification preferred.
· Knowledge of quantitative and qualitative research methods.
· Good knowledge of human resource laws, regulations and best practices.
· Excellent written and verbal communication skills.
· Excellent organizational and time management skills.
· ADP system knowledge is a plus, but other HRIS products are acceptable.
· Experience with completing compensation surveys a plus.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
Schedule:
Ability to Relocate:
Work Location: Hybrid remote in Fort Lauderdale, FL 33394
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