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)
BENEFITS
Compensation : Salary
Salary
Federal Student Loan Repayment
Incentives & Awards
Leave & Workplace Flexibilities
Salary - The Federal Government offers competitive base pay, with most positions using the General Schedule (GS) pay system.
Vacation, Personal & Sick Time
11 Paid Holidays
Other Benefits
Child Care Subsidies
Commuter Subsidies(external link)
Continuing Education and Professional Development
Dental and Vision Insurance
Elder Care Workplace Flexibilities
Employee Assistance and Referral
Family and Medical Leave Act (FMLA) : A new paid leave benefit paid parental leave was made effective October 1, 2020, for qualifying FMLA purposes.
This new leave benefit provides up to 12-weeks of paid leave. This leave in addition to an employees earned annual and sick leave.
Flexible Spending Accounts
Health Insurance
Leave to Care for Family Members
Life Insurance
Long-Term Care Insurance
Pay and Leave Flexibilities
Reasonable Accommodations
Last updated : 2024-04-23