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Responsible for developing, implementing and administering compensation programs that support business objectives. Helps plan and implement all tactical and strategic activities related to compensation.
ESSENTIAL DUTIES AND RESPONSIBILITIES
May supervise the activities of the team; responsibilities include interviewing, hiring and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees.
Serves as a consultant to management on various compensation matters such as salary management, incentive compensation design and administration, sales compensation design, employee/manager education and communication, job design and evaluation and interpretation of corporate policies/procedures.
Utilizes experience/understanding to respond to compensation trends and market data points, while tying them to corporate objectives and ensuring legal compliance.
Completes the study, analysis, design, evaluation, implementation, administration and communication of current compensation programs, policies, and procedures; develops recommendations for improvement.
Monitors the effectiveness of compensation programs, policies, guidelines and procedures, and recommends revisions or new plans that are cost effective and consistent with the compensation strategy and philosophy.
Participates in the job evaluation program oversight including the job evaluation process, the development and maintenance of formal job grades and salary ranges, job analysis, and the preparation of written job descriptions.
Participates in salary surveys and oversight of global salary survey strategies, and in the collection and analysis of survey data to determine the competitiveness of compensation programs.
Recommends, conducts and participates in assigned salary surveys in order to understand competitive compensation levels in the organization.
Completes job evaluation studies and ensures that job descriptions on file are current, complete and accurate.
Assures through audits, analysis and reports, that all organization compensation programs are consistently administered in compliance with company policies and government regulations.
Assists in the design, implementation and communication of a wide variety of compensation and salary administration programs.
Performs other duties as assigned.
May provide formal supervision to individual employees within single functional or operational area. Approves subordinates' recommendations for staff recruitment, selection, promotion, advancement, corrective action and termination.
Effectively recommends same for direct reports to next level management for review and approval.
Plans and monitors appropriate staffing levels and utilization of labor, including overtime.
Prepares and delivers performance appraisal for staff.
Mentors and coaches team members to further develop competencies.
Leads by example and models behaviors that are consistent with the company's values.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's Degree (BA/BS) from 4-year college or university and 7 to 10 years of experience.
CERTIFICATES and/or LICENSES
Certified Compensation Professional (CCP) Preferred
Ability to comprehend, analyze and interpret the most complex business documents.
Ability to respond effectively to the most sensitive issues.
Ability to write reports, manuals, speeches and articles using distinctive style.
Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups.
Ability to motivate and negotiate effectively with key employees, top management and client groups to take desired action.
Requires in-depth knowledge of financial terms and principles.
Ability to calculate complex figures.
Able to forecast and prepare budgets.
Conducts financial/business analysis including the preparation of reports.
Ability to solve advanced problems and deal with a variety of options in complex situations.
Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment.
Draws upon the analysis of others and makes recommendations that have a direct impact on the company.
SCOPE OF RESPONSIBILITY
Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results.
Responsible for setting department deadlines.
Errors in judgment may cause long-term impact to co-workers, supervisor, department and/or line of business.