Compensation Manager

Compensation Manager Overview

• The Compensation Manager will design, implement, and manage comprehensive compensation programs for a dynamic organization.
• Collaborate with HR and leadership to ensure competitive, equitable, and compliant pay practices.
• Support compensation strategy related to collective bargaining agreements and organizational changes.
• Conduct market analyses and benchmarking to maintain competitive positioning in the industry.
• Leverage HR systems and technologies to enhance efficiency and scalability of compensation processes.
• Provide guidance on complex compensation scenarios across diverse business functions.
• Deliver training and support to stakeholders on compensation practices and processes.
• Ensure compliance with multi-state and international compensation laws and regulations.
• Partner with external vendors to optimize compensation tools and data sources.

Compensation Manager Key Responsibilities & Duties

• Design and administer base salary, incentive programs, and compensation processes.
• Conduct salary surveys and benchmarking analyses to inform pay decisions.
• Collaborate with HR and Finance teams on annual incentive planning initiatives.
• Manage relationships with external compensation vendors and consultants.
• Evaluate vendor performance and ensure alignment with business needs.
• Enhance tools, reporting, and processes to drive automation and continuous improvement.
• Prepare and distribute employee compensation statements ensuring accuracy and quality control.
• Provide guidance to managers on pay decisions and compensation practices.
• Support compliance with U.S. and international compensation laws and regulations.

Compensation Manager Job Requirements

• Bachelor’s degree in Business, HR, Finance, or related discipline required.
• 5-7 years of experience in compensation management or related roles.
• Advanced proficiency in Excel for data analysis and modeling.
• Experience with HR information systems and process improvement.
• Knowledge of U.S. multi-state compensation compliance and regulations.
• CCP certification or similar preferred but not required.
• Strong analytical mindset and ability to handle complex compensation scenarios.
• Experience in unionized environments and collective bargaining agreements is a plus.
• Ability to manage multiple priorities in fast-paced environments.