Human Resources

Compensation and Benefits Manager

Looking to hire your next Compensation and Benefits Manager? Here’s a full job description template to use as a guide.

About Vintti

At Vintti, we're redefining the economics of staffing for US businesses. Our agency connects SMBs, startups, and firms with top Latin American talent, offering a dual benefit of high-quality work and cost savings. By tapping into this rich talent pool, our clients can optimize their budgets, increase productivity, and gain a competitive advantage in their respective markets.

Description

A Compensation and Benefits Manager is a key strategic role within any organization, responsible for designing, overseeing, and implementing effective compensation and benefits programs. This role ensures that the company's pay structures and benefits packages are competitive, equitable, and aligned with organizational goals. The manager works closely with HR and senior leadership to analyze compensation data, develop salary ranges, administer employee benefits, and ensure compliance with all relevant regulations. By enhancing employee satisfaction and retention through well-structured compensation plans, the Compensation and Benefits Manager plays a crucial part in driving the overall success of the organization.

Requirements

- Bachelor's degree in Human Resources, Business Administration, Finance, or related field
- Minimum of 5 years of experience in compensation and benefits management
- Strong understanding of labor laws and regulations related to compensation and benefits
- Proficiency with HRIS and compensation management software
- Advanced Excel skills for data analysis and reporting
- Excellent analytical and problem-solving abilities
- Strong communication and presentation skills
- Proven track record of developing and implementing compensation and benefits plans
- Ability to manage multiple projects and meet tight deadlines
- Attention to detail and high level of accuracy
- Strong negotiation skills for working with vendors and carriers
- Experience conducting job evaluations and salary surveys
- Ability to handle confidential information with integrity
- Experience with financial modeling and cost analysis
- Strong organizational and time-management skills
- Certification in Compensation (CCP) or benefits (CEBS) is preferred
- Experience training and supporting HR staff on compensation and benefits topics
- Strong interpersonal skills to effectively collaborate with various departments
- Ability to stay updated on industry trends and regulatory changes

Responsabilities

- Develop and implement comprehensive compensation and benefits plans
- Conduct job evaluations and market salary surveys
- Ensure compliance with relevant labor laws and regulations
- Monitor and analyze trends in compensation and benefits
- Oversee enrollment, renewal, and distribution of benefit programs
- Coordinate with insurance brokers, carriers, and vendors
- Address and resolve escalated employee inquiries on compensation and benefits
- Prepare and present reports on compensation and benefits metrics
- Collaborate with HR and department managers for accurate compensation planning
- Develop and update compensation and benefits policies
- Assess financial impact of compensation and benefits changes
- Conduct audits of compensation and benefits programs
- Design and implement incentive and bonus programs
- Provide training on compensation and benefits topics
- Support development of reward and recognition programs
- Manage annual salary review processes and performance evaluations
- Recommend adjustments based on compensation and benefits data analysis
- Monitor and enhance existing compensation and benefits policies
- Collaborate with finance and legal departments on compensation strategies
- Maintain accurate and confidential compensation and benefits records

Ideal Candidate

The ideal candidate for the role of Compensation and Benefits Manager possesses a Bachelor's degree in Human Resources, Business Administration, Finance, or a related field, bolstered by a minimum of five years of robust, hands-on experience in compensation and benefits management. They exhibit an in-depth understanding of labor laws and regulations, combined with advanced proficiency in HRIS, compensation management software, and Excel, enabling them to conduct precise data analysis and reporting. With excellent analytical and problem-solving abilities, they are adept at developing and implementing comprehensive compensation and benefits plans that align with company objectives. The candidate showcases strong communication and presentation skills, effectively collaborating with HR and department managers to ensure accurate compensation planning. Demonstrating high integrity, they handle confidential information with utmost discretion and maintain accurate records. Additionally, they possess a proven track record in conducting job evaluations and salary surveys, negotiating with vendors and carriers, managing multiple projects under tight deadlines, and providing valuable training and support to HR staff. With a keen eye for detail, organizational prowess, and the ability to adapt to changing regulations and industry trends, the candidate continuously recommends enhancements to compensation and benefits policies. Preferred qualifications include Certification in Compensation (CCP) or benefits (CEBS) and a knack for financial modeling and cost analysis, making them a strategic asset to the company's overall compensation strategy.

On a typical day, you will...

- Develop and manage comprehensive compensation and benefits plans that align with company objectives
- Conduct job evaluations and salary surveys to determine competitive compensation packages
- Ensure compliance with all relevant labor laws and regulations
- Monitor and analyze trends in employee compensation and benefits to keep packages competitive
- Oversee the enrollment, renewal, and distribution processes for employee benefit programs
- Coordinate with insurance brokers, carriers, and other vendors to optimize benefit offerings
- Handle escalated employee inquiries related to compensation and benefits, resolving issues promptly
- Prepare and present reports on compensation and benefits metrics to senior management
- Collaborate with HR and department managers to understand job roles and requirements for accurate compensation planning
- Develop and maintain compensation and benefits policies, updating as needed
- Assess the financial impact of compensation and benefits changes and make recommendations accordingly
- Conduct regular audits of compensation and benefits programs to ensure accuracy and compliance
- Participate in the design and implementation of incentive and bonus programs
- Provide training and support to HR staff and managers on compensation and benefits topics
- Assist with the development and implementation of reward and recognition programs
- Coordinate and manage annual salary review processes and performance evaluations
- Analyze data and trends to recommend adjustments to compensation and benefits plans
- Monitor the effectiveness of existing compensation and benefits policies and recommend enhancements
- Collaborate with finance and legal departments to ensure cohesive and compliant compensation strategies
- Manage and maintain compensation and benefits records accurately and confidentially.

What we are looking for

- Strong analytical skills
- Detail-oriented
- Excellent communication abilities
- High level of integrity
- Strong problem-solving capabilities
- Advanced proficiency in Excel
- Ability to manage tight deadlines
- Effective negotiation skills
- Proven ability to handle confidential information
- Strong organizational skills
- Ability to work collaboratively across departments
- Up-to-date knowledge of industry trends
- Strong interpersonal skills
- Experience in financial modeling
- In-depth understanding of labor laws
- Track record of implementing successful plans
- Ability to train and support HR staff
- Flexibility to adapt to changing regulations
- Highly accurate in managing records and data

What you can expect (benefits)

- Competitive salary range: $80,000 - $120,000 per annum
- Comprehensive health insurance (medical, dental, vision)
- 401(k) retirement plan with company match
- Flexible spending accounts (FSAs)
- Paid time off (PTO) including vacation, sick days, and holidays
- Life and accidental death & dismemberment insurance
- Short-term and long-term disability insurance
- Tuition reimbursement and professional development opportunities
- Flexible work schedule and remote work options
- Wellness programs including gym memberships and wellness stipends
- Employee assistance program (EAP)
- Performance-based bonuses and incentives
- Employee recognition programs
- Company-sponsored events and team-building activities
- Opportunities for career growth and advancement
- Generous parental leave policies
- Commuter benefits and parking assistance
- Discounts on company products and services
- Access to financial planning and retirement planning resources
- Ongoing training and certification programs

Vintti logo

Do you want to find amazing talent?

See how we can help you find a perfect match in only 20 days.

Compensation and Benefits Manager FAQs

Here are some common questions about our staffing services for startups across various industries.

More Job Descriptions

Browse all roles

Start Hiring Remote

Find the talent you need to grow your business

You can secure high-quality South American talent in just 20 days and for around $9,000 USD per year.

Start Hiring For Free