Director, Compensation and Benefits

POSITION SUMMARY

Below covers everything you need to know about what this opportunity entails, as well as what is expected from applicants.

The Director of Compensation and Benefits will lead the development and execution of the organization’s compensation and benefits strategy, ensuring alignment with business objectives and compliance with regulatory requirements. This role is essential in attracting, retaining, and engaging top talent by offering competitive and equitable compensation packages and comprehensive benefits programs.

RESPONSIBILITIES

• Oversee the administration of compensation programs, including base salary, bonuses, and incentive plans.
• Conduct market research and analysis to ensure competitive compensation structures and benefits offerings.
• Develop and deliver training and communication materials to educate employees on compensation and benefits programs.
• Ensure that appropriate financial planning and forecasting of salary and benefits program expenses are in line with financial budgets.
• Provide guidance and support to HR teams and management on compensation-related issues, including job evaluations, FLSA, and salary negotiations.
• Develop and implement compensation and benefits strategies that support the organization's goals and foster a high-performance culture.
• Design and manage benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring they meet employee needs and comply with legal requirements.
• Monitor and analyze compensation trends and benefit utilization, making recommendations for improvements as necessary.
• Ensure compliance with all federal, state, and local regulations related to compensation and benefits.
• Partner with benefit consultants on renewal strategies, recommendations, and execution of services.
• Lead and mentor the compensation and benefits team, fostering a collaborative and results-oriented environment.
• Develop and drive a strategy that establishes and enhances HR compliance with internal policies, federal and state laws, and regulatory requirements through the creation of programs, internal audit practices, and partnerships with key process owners.
• Oversee annual compliance to include non-discrimination testing, 5500, support 990 filing, Medicare part D, EEO, ACA, and all annual compliance notices and processes related to health, welfare, and retirement plans.
• Ensure timely payment of all benefits invoices.
• Oversee payroll function ensuring accurate and timely payroll processing and compliance with relevant laws and regulations.

EDUCATION / EXPERIENCE

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