Compensation Manager Job Description
Job summary 1
Are you looking for a role where you will develop, oversee, implement, and manage compensation strategies that support business strategies and objectives? As a Compensation Manager, you will play a key role to help the organization attract, motivate, develop, and retain a high-performing and engaged workforce. You will have an opportunity to lead large, complex, or multiple projects that help drive business strategies. You will perform complex research and analysis on compensation policies and practices in the areas of job evaluation, base salary, variable pay, pay structures, internal equity, external market trends, and regulatory compliance.
Duties & Responsibilities 1
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Requirements & Skills 1
Job summary 2
Reporting to our Director of Total Rewards and HRIS, the Compensation Manager is responsible for providing compensation support to Company. Provides informed compensation guidance and analytical support to HR leadership and partners. We will look to you to participate in the development, implementation, and administration of global/corporate programs to help with sound decisions. Using market price research and analysis, you will conduct job evaluations and apply decision support tools to ensure equitable and competitive employee pay.
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Job summary 3
We are looking for a Compensation Manager to support our rapidly growing population. You will partner with HR Business Partners and business leaders on compensation-related matters, provide thoughtful data-driven analysis, and help to ensure our semi-annual compensation processes run smoothly. The right candidate is comfortable with data and thrives in a fast-paced, high-growth culture that values strategic communication, teamwork, and results. They will be self-motivated and detail-oriented with a strong orientation to data analytics and project management.
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Job summary 4
We are currently seeking an experienced and savvy Compensation Manager to support and lead out the ongoing design and execution of the company’s compensation programs. This high-impact position will be the primary owner of compensation programs that support the company's talent strategy and growth initiatives. This role will have the unique opportunity to shape the direction of the Company’s compensation function! Reporting to the Director, Total Rewards, the Compensation Manager will contribute to all aspects of planning, development, and implementation of new and revised compensation programs, particularly as it relates to salary ranges, company equity, and incentive programs. This role will lead strategic day-to-day compensation practices and cyclical company-wide initiatives while also keeping a pulse on market trends. The ideal candidate should have a strong investigative and analytical mindset, a deep understanding of compensation and market trends, and the ability to thrive in a dynamic, fast-paced environment delivering against tight deadlines.
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Job summary 5
The Compensation Manager is responsible for managing the overall compensation programs for non-physician positions. The Compensation Manager plans to develop and implements new and revised compensation programs, job descriptions, policies, and procedures to align with the company's goals and competitive practices. This position is also responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations.
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Job summary 6
We are looking for our first Compensation Manager to join our growing People Team. In this role, you will oversee the building out of the Compensation function at the company to enable us to continue our rapid growth. As our ideal candidate, you are a compensation expert, with strong knowledge of base, variable, and equity compensation. You have built out compensation structures, and the infrastructure required to scale a fast-growing company. You are considered a strong partner by the managers and teams you support and provide a very consultative approach when helping to solve issues where compensation is part of the solution. You are well versed in helping to educate employees and managers about compensation practices to ensure they have a full appreciation of the various components of a compensation package. You like building and want to be a part of a very collaborative team that cares about doing things right for our employees.
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Job summary 7
We are searching for a Compensation Manager. The Compensation Manager is responsible for managing the compensation function for corporate reporting to the Director of Total Rewards. The Compensation Manager plans to develop and implement new and revised compensation programs, policies, and procedures to align with the company's goals and competitive practices. This position is also responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations.
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Job summary 8
As our Compensation Manager you will play an integral role in owning and managing our employee-focused benefit programs that include all medical/dental/vision and ancillary coverages as well as our retirement benefit plans, leaves of absence, and compensation programs. We’re looking for individuals that stay abreast of benefit trends and enjoy educating their co-workers on this important part of their total compensation plan while ensuring that the Company remains competitive and compliant with our growing benefit offerings. This is a very hands-on role and we’re looking for individuals that can perform at both a strategic (participating in annual benefit carrier reviews and compensation planning) and tactical level (benefit enrollment and day-to-day administration of our programs).
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Job summary 9
The Compensation Manager provides general oversight and direction regarding the implementation of the Company’s compensation philosophy and strategy, coordinates job/position structures, the salary administration process, and variable compensation. Provides strategic guidance regarding global equity and competitive global pay and ensures regulatory compliance relating to compensation.
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Job summary 10
We are looking for a Compensation Manager.
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Frequently asked questions
What are the top 3 skills a compensation manager should have?
Compensation managers are responsible for designing and implementing compensation and benefits programs to attract, retain, and motivate employees. Here are the top three skills that are important for compensation managers to possess:
Analytical skills: Compensation managers should have strong analytical skills and be able to analyze data related to compensation and benefits, including market data, internal employee data, and financial data. They must be able to use this data to identify trends and develop effective compensation strategies.
Communication skills: Compensation managers must have strong communication skills, including the ability to communicate complex compensation and benefits information to employees and other stakeholders. They should also be able to communicate effectively with senior management to make recommendations and secure approval for compensation programs.
Knowledge of compensation and benefits: Compensation managers should have a strong understanding of compensation and benefits programs, including best practices, industry trends, and legal requirements. They should also be knowledgeable about various types of compensation, including base pay, bonuses, and stock options, as well as benefits such as healthcare, retirement plans, and paid time off.
Overall, the role of a compensation manager requires a combination of analytical, communication, and technical skills. They must be able to analyze and interpret data, effectively communicate compensation and benefits information to employees and stakeholders, and have a solid understanding of compensation and benefits programs and regulations.
What are the 3 qualifications of the compensation manager?
The qualifications of a compensation manager may vary depending on the specific organization and industry. However, here are three common qualifications that may be required for a compensation manager role:
Education: A bachelor's degree in human resources, business administration, finance, or a related field is often required for a compensation manager role. Some organizations may also require a master's degree in a related field.
Work experience: Compensation managers typically have several years of experience in human resources, compensation, or a related field. They should have a strong understanding of compensation and benefits programs, as well as the ability to analyze data and develop effective compensation strategies.
Certifications: Several professional certifications may be useful for compensation managers, including the Certified Compensation Professional (CCP) certification from WorldatWork and the Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR) certification from the HR Certification Institute.
In addition to these qualifications, compensation managers should possess strong analytical, communication, and technical skills, as well as the ability to work effectively in a team environment and manage complex projects. They should also have a solid understanding of compensation and benefits regulations and be able to stay up-to-date with industry trends and best practices.
