Compensation and Benefits Director
L+M Development Partners LLC · Larchmont, NY · 1 mo ago
HybridHuman ResourcesFull-time
Areas of Responsibility
- Ensure compensation programs are consistently administered in compliance with federal, state, and local laws.
- Revise, design, and implement compensation packages, bonus programs, salary structures, variable pay, and other incentive programs.
- Manage the annual organizational salary planning process, including merit increases, promotions, equity, and job family hierarchies.
- Partner with leaders and HR team colleagues on the management of job family hierarchies, including policies and practices related to titles, compensation level matching, and associated pay practices.
- Oversee the participation in salary surveys, including benchmarking of internal roles and submission of data.
- Monitor survey data to ensure corporate compensation objectives are achieved.
- Consult with leaders and HR team on business needs and compensation challenges.
- Review and process all promotions, job scope changes, and transfers.
- Partner with leaders and HR team colleagues to craft offer packages that are internally equitable and externally competitive.
- Routinely audit existing employee compensation to ensure equity and market competitiveness.
- Deliver compelling and relevant training and communication materials which educate and inform employees on total rewards.
Benefits
- Evaluate and develop competitive and cost-efficient benefit and wellness programs.
- Manage annual open enrollment process, including employee communications and coordination of employee informational sessions.
- Review and ensure that all relevant enrollments and deductions are input correctly into the HRIS and payroll system.
- Partner with payroll manager on administration of the 401k plan.
Requirements
- Bachelor's Degree, preferably in a related field.
- Master’s Degree and/or Certified Compensation Professional designation strongly preferred.
- Extensive knowledge of compensation and benefit programs with a minimum of 7-10 years of experience in analysis, design, and implementation of compensation and benefit programs.
- Expertise in compensation strategy with a demonstrated ability to communicate, present, and influence credibly and effectively at all levels of an organization.
- Knowledge of legislation governing benefit plans (ERISA, COBRA, HIPAA, FMLA, PPACA).
- Advanced critical thinking, strong analytical skills, and an ability to interpret and communicate data required.
- Financial ability to identify and implement cost-effective programs.
- Computer proficiency and technical aptitude with the ability to use Microsoft products, including Excel.
- Hands-on experience with HRIS or payroll software systems, Ceridian Dayforce is a plus.
- Excellent time management skills and ability to plan and set priorities.
- Versatility, flexibility, and a willingness to work within constantly changing priorities.
- Strong interpersonal, written, and verbal communication skills.
- Able to maintain confidentiality and exercise extreme discretion is a must.
- Must be legally eligible to work in the U.S.