Manager, Compensation and Benefits
About The Position
The Compensation and Benefits Manager fills a key role in managing compensation and benefits programs designed to attract top talent and retain valued employees. The Compensation and Benefits Manager is responsible for administering compensation and benefits operations, including recommending policy and practice improvements in compliance with organizational objectives and government regulations. In addition, the Compensation and Benefits Manager develops tools to assist employees in the selection of benefits, and guide managers regarding compensation decisions. This position is responsible for compensation benchmarking and analysis, merit and performance review process, benefits programs and enrollment, leave administration, policy renewals, total rewards, and employee wellness initiatives.
Requirements
- Administering compensation and benefits operations
- Recommending policy and practice improvements in compliance with organizational objectives and government regulations
- Developing tools to assist employees in the selection of benefits
- Guiding managers regarding compensation decisions
- Compensation benchmarking and analysis
- Merit and performance review process
- Benefits programs and enrollment
- Leave administration
- Policy renewals
- Total rewards
- Employee wellness initiatives
- Supervisory duties including training, monitoring and auditing team productivity and effectiveness
- Interviewing and hiring employees
- Appraising performance
- Rewarding and recognition of employees
- Addressing issues, concerns and resolving problems
- Creating and maintaining policies and procedures
- Ensuring the completion of required paperwork, records, documents, timesheets, etc
- Processing invoices from benefits providers, auditing for accuracy and managing approvals
- Resolving discrepancies with carriers, payroll and employees
- Completing reports for management
- Managing the department budget
- Analyzing financial information
- Comparing actual performance to budgeted performance
- Overseeing and/or approving expenses
Responsibilities
- Evaluate benefits programs to ensure that they are current, competitive and in compliance with legal requirements and make recommendations for modifications to leadership.
- Coordinate and administer health, dental and life insurance plans, disability, flexible spending accounts, retirement savings plans, profit sharing programs, education reimbursement, COBRA, and leaves of absences. Oversee the design and development of tools to assist employees in benefits selection.
- Analyze compensation policies, government regulations, and prevailing wage rates to develop competitive compensation plans.
- Facilitate compensation changes, including merit and promotions, in compliance with internal policy, equity and compensation philosophy. Develop salary administration programs and conducts annual salary review and market comparisons for organization. Prepares recommendations as appropriate.
- Assess processes, policies and systems, recommends improvements to programs, services and processes, and implements those recommendations.
- Take part in compensation and benefit benchmarking activities by actively participating in various compensation and benefit survey tools.
- Responsible for supervisory duties including training, monitoring and auditing team productivity and effectiveness; ensuring daily procedures function efficiently and smoothly, interviewing and hiring employees; appraising performance; rewarding and recognition of employees; addressing issues, concerns and resolving problems; creating and maintaining policies and procedures and ensuring the completion of required paperwork, records, documents, timesheets, etc
- Process invoices from benefits providers, auditing for accuracy and managing approvals, resolving discrepancies with carriers, payroll and employees. Complete reports for management as requested.
- Manage the department budget, including analyzing financial information, comparing actual performance to budgeted performance, and overseeing and/or approving expenses.
- Performs other duties as assigned.
Benefits
- medical
- dental
- vision
- disability
- life insurance
- paid time off
- 401(k)/profit sharing retirement plan
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
No Education Listed
