Human Resources

Director of Compensation and Benefits

Looking to hire your next Director of Compensation and Benefits? 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

The Director of Compensation and Benefits is a pivotal role focused on designing and managing an organization's overall compensation and benefits strategy. This executive position involves developing competitive salary structures, benefits programs, and incentive plans to attract and retain top talent. The Director ensures compliance with relevant laws and regulations, conducts market analysis to benchmark compensation, and collaborates with various departments to align these programs with the company’s strategic goals. Their expertise and leadership are essential in fostering employee satisfaction, performance, and ultimately, the organization's success.

Requirements

- Bachelor's degree in Human Resources, Business Administration, Finance, or related field
- Advanced degree or professional certification (e.g., CCP, SPHR) preferred
- 8+ years of experience in compensation and benefits management
- Demonstrated experience in developing and implementing compensation strategies
- Proficiency in managing health, retirement, and wellness benefit programs
- Strong analytical skills with the ability to interpret and present data
- Proven ability to conduct market research and compensation benchmarking
- Experience in job evaluation and maintaining internal equity
- Knowledge of federal, state, and local regulations related to compensation and benefits
- Strong leadership skills with experience managing a team
- Excellent communication and presentation skills
- Ability to collaborate effectively with HR and finance teams
- Budget management experience
- Strong project management skills
- Experience with performance management systems
- Familiarity with collective bargaining and labor negotiations
- Ability to handle sensitive and confidential information with discretion
- Experience managing vendor and consultant relationships
- Proficiency in using HRIS and compensation management software
- Strong problem-solving skills and attention to detail
- Ability to stay current with industry trends and best practices

Responsabilities

- Develop and implement comprehensive compensation strategies.
- Oversee administration of all company benefits programs.
- Conduct regular market research for competitive compensation benchmarking.
- Analyze compensation data and conduct job evaluations for internal equity.
- Collaborate with HR and finance to manage and allocate compensation budgets.
- Design and manage employee incentive programs.
- Ensure compliance with compensation and benefits laws and regulations.
- Prepare and present compensation and benefits reports to executive leadership.
- Oversee and coordinate the annual salary review process.
- Manage relationships with external benefits vendors and consultants.
- Lead and mentor the compensation and benefits team.
- Develop communication strategies for employee awareness of compensation and benefits.
- Monitor and integrate industry trends and best practices.
- Address and resolve employee compensation and benefits inquiries.
- Evaluate and integrate compensation and benefits for mergers and acquisitions.
- Conduct employee training sessions on compensation and benefits policies.
- Periodically evaluate and update compensation and benefits policies.
- Participate in labor negotiations and support collective bargaining efforts.
- Develop and manage performance management systems.
- Coordinate audits and compliance reviews related to compensation and benefits.

Ideal Candidate

The ideal candidate for the role of Director of Compensation and Benefits is a strategic thinker with a visionary approach, holding a Bachelor's degree in Human Resources, Business Administration, Finance, or a related field, with an advanced degree or professional certification (e.g., CCP, SPHR) preferred. With over eight years of experience in compensation and benefits management, they demonstrate a proven track record in developing and implementing comprehensive compensation strategies and effectively managing health, retirement, and wellness benefit programs. This individual possesses exceptional analytical skills to interpret and present data, conduct market research, and ensure internal equity through job evaluation processes. Their extensive knowledge of federal, state, and local regulations, along with budget management experience and proficiency in HRIS and compensation management software, underscores their technical expertise. As a strong leader with experience managing teams, they exhibit excellent communication and presentation skills, fostering effective collaboration with HR and finance departments. The ideal candidate is also adept at designing and managing incentive programs, handling sensitive information with discretion, and managing vendor and consultant relationships. Personal attributes like high attention to detail, strong problem-solving abilities, and exceptional organizational skills, paired with a proactive, results-oriented mindset, make them adaptable and effective in dynamic environments. Their commitment to continuous learning, high ethical standards, and ability to manage multiple priorities simultaneously define them as a dependable, innovative, and customer-focused professional, perfectly suited to lead and elevate our compensation and benefits strategies.

On a typical day, you will...

- Develop and implement compensation strategies aligned with company objectives.
- Oversee the administration of the company's benefits programs, including health, retirement, and wellness plans.
- Conduct market research to ensure competitive compensation and benefits packages.
- Analyze compensation data and perform job evaluations to ensure internal equity.
- Collaborate with HR and finance teams to manage compensation budgets.
- Design and manage incentive programs to drive employee performance.
- Ensure compliance with relevant laws and regulations related to compensation and benefits.
- Prepare and present reports on compensation and benefits metrics to executive leadership.
- Oversee the annual salary review process and recommend salary adjustments.
- Manage relationships with external vendors and consultants for benefits administration.
- Lead and mentor a team of compensation and benefits specialists.
- Develop communication strategies to effectively inform employees about compensation and benefits programs.
- Monitor industry trends and best practices in compensation and benefits.
- Address and resolve employee inquiries and issues related to compensation and benefits.
- Support mergers and acquisitions by evaluating and integrating compensation and benefits programs.
- Conduct training sessions for managers on compensation and benefits policies.
- Evaluate and update compensation and benefits policies and procedures periodically.
- Participate in labor negotiations and support collective bargaining agreements.
- Develop and manage performance management systems.
- Coordinate and support audits and compliance reviews related to compensation and benefits.

What we are looking for

- Strategic thinker with a visionary approach
- Strong leadership and managerial skills
- Excellent analytical and problem-solving abilities
- Exceptional communication and presentation skills
- High attention to detail and accuracy
- Strong interpersonal skills and ability to build relationships
- Proactive and results-oriented
- Adaptable and able to thrive in a dynamic environment
- High integrity and ability to handle confidential information
- Collaborative team player
- Strong organizational and time management skills
- Innovative and able to think outside the box
- Commitment to continuous learning and professional development
- Ability to manage multiple priorities and projects simultaneously
- Strong negotiating skills
- Customer-focused mindset
- Dependable and reliable
- Strong ethical standards and professionalism

What you can expect (benefits)

- Competitive salary range: $120,000 - $180,000 annually
- Comprehensive health insurance (medical, dental, vision)
- Retirement savings plan with company match
- Generous paid time off (PTO) and holidays
- Flexible work schedule and remote work options
- Wellness programs and resources
- Life and disability insurance
- Employee assistance program (EAP)
- Tuition reimbursement for continuing education
- Professional development and training opportunities
- Performance-based bonuses
- Stock options or equity packages
- Employee recognition and rewards programs
- Paid parental leave
- Company-sponsored social and team-building events
- Subsidized gym membership or onsite fitness center
- Transportation and commuter benefits
- Healthy snacks and beverages available on-site
- Access to mentorship and career coaching programs
- Opportunities for career advancement within the organization
- Employee discount programs
- Charitable donation matching
- Casual dress code

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