Compensation Manager

Regions Bank-posted 1 day ago
Full-time • Manager
Birmingham, AL
5,001-10,000 employees
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At Regions, the Compensation Manager leads and manages a team supporting effective on-going Compensation program development and administration. This manager is considered an expert in the field and will exhibit strong leadership abilities, relationship building and strategic partnering with executives, senior managers and other HR professionals within the organization on Compensation programs and policies.

  • Applies a broad knowledge of market pay practices and the competitive landscape to provide strategic support regarding compensation plans and pay practices within business segments or geographic areas
  • Consults with Executives and managers on the development of business delivery of pay strategy and pay effectiveness relating including base pay, incentive opportunity, long-term incentive plans (LTIP), and mix of pay.
  • Identify and propose competitive solutions to complex compensation issues and offer proposals.
  • Works with senior HR Management in the formulation of compensation strategies and policies for pay practices to support business and human capital strategies
  • Works with HR Partners, Executives and managers to help develop a career framework, identify/address compensation issues, and educate managers regarding total rewards practices and execution
  • Acts as COE leader to advise and integrate associates in merger and acquisition activity
  • May advise on the construct and governance of sales and other incentive pay plans and programs
  • Advises Executives and HR leaders on organizational structures, spans/layers, and job roles
  • Contributes to the development and implementation of compensation tools and techniques that helps the rest of the HR team make appropriate pay and talent decisions
  • Remains up to date on legal regulations surrounding compensation issues. Provide advice and recommendations as needed to ensure compliance
  • Thinks holistically about issues that impact pay practices, job roles, and compensation processes. Uses relevant data to identify patterns, provide insights and communicate recommendations to business leaders and HR partners.
  • Engages appropriate stakeholders and/or partners with other HR leaders on proposed solutions and the execution of project plans
  • Mentors and develops a team of compensation consultants
  • Effectively drive philosophical and process changes throughout supported businesses, in conjunction with an evolving compensation strategic plan
  • Leads and directs team members in conducting comparative analysis of associates to determine if pay inequities exist and consults with management on potential pay inequities and solutions
  • Conducts comprehensive analysis and market studies to evaluate the competitiveness of proposed new compensation programs
  • Evaluates analysis results, recommend program changes, model cost impact, and present final recommendations
  • Leads team on approvals, and responses to questions related to pay for new hires, promotions, demotions, equity adjustments, exemption status, position classification process, job evaluation, pay structure, merit pay, and Incentive Programs
  • Advises, researches, and recommends mix of pay (i.e., base, short-term incentive, and LTIP) to update market and business strategy
  • Leads team in monitoring, surfacing and mitigating areas of risk, including Fair Labor Standards Act (FLSA) classification and compliance
  • Identifies and resolves problems
  • Identifies reporting needs and works with appropriate teams on production, interpretation and distribution
  • Identities, leads or participates in special projects
  • Bachelor’s degree in Human Resources, Business, or related field
  • Seven (7) years of experience in Compensation or closely related HR experience supporting financial industry clients in revenue production areas
  • Previous management experience leading and directing the work of others
  • Ability to influence others
  • Able to work independently or in a team environment
  • Advanced assimilations of data and analysis
  • Advanced communication skills, both written and verbal
  • Advanced Excel skills (i.e., formula’s, pivot tables, VLOOKUP, etc.)
  • Advanced leadership skills
  • Critical thinking/Problem Solving
  • Demonstrated negotiation skills
  • Excellent organizational and time-management skills
  • Independent judgement and reasoning
  • Certification as Senior Professional in Human Resources (SPHR) or Certified Compensation Professional (CCP)
  • Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program
  • Opportunity to participate in the Long Term Incentive Plan.
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