Compensation Manager

Job Description

Job Description

We are looking for an experienced Compensation Manager to join our team in Springfield, Massachusetts. In this long-term contract role, you will play a critical part in analyzing, developing, and managing compensation programs to ensure competitive and equitable pay structures. This position requires a deep understanding of market trends and expertise in compensation strategies to support organizational goals.

Responsibilities :

• Conduct salary surveys and analyze industry trends to maintain competitive pay practices.
• Evaluate job roles and responsibilities to determine appropriate salary ranges, classifications, and exemption statuses.
• Develop and manage compensation structures, including base pay, incentive programs, bonuses, and commissions.
• Collaborate with HR and leadership teams to align compensation strategies with organizational objectives.
• Ensure compliance with relevant laws and regulations related to compensation and workers' compensation policies.
• Provide guidance and insights on compensation matters to support recruitment and retention efforts.
• Monitor and adjust compensation programs based on market changes and organizational needs.
• Prepare detailed reports and presentations to communicate compensation strategies and findings.
• Partner with external vendors to conduct benchmarking studies and gather relevant market data.
• Proven experience in compensation analysis and program management.
• Strong knowledge of compensation surveys and benchmarking processes.
• Familiarity with workers’ compensation laws and related regulations.
• Expertise in designing and administering incentive and bonus structures.
• Ability to analyze complex data and provide actionable insights.
• Excellent communication and collaboration skills to work effectively across teams.
• Proficiency in creating detailed reports and presentations.
• Knowledge of industry trends and best practices in compensation and benefits.