Job Description

Director of Compensation

The Director Compensation is responsible for administering the company’s compensation strategy. This leader ensures compensation programs align with the business objectives and are effective in attracting, motivating, and retaining key talent, while remaining fully compliant with all regulatory requirements.

Reporting to the Vice President (Head of) Human Resources, the Director leads a team of 4 compensation professionals.

This is a strategic and collaborative role that works cross-functionally with leaders across the organization and partners closely with leaders in HR, Finance and Legal to understand talent and business needs and collectively develop and implement effective solutions. The role will need to be able to articulate the compensation strategy and philosophy to senior leadership.

Key Responsibilities

• Provide leadership and direct supervision of the Compensation team through effective coaching and performance management.
• Strategically assess the effectiveness of current compensation programs in achieving organizational objectives and give recommendations for modifications.
• Lead the design, implementation, and administration of total compensation offerings and programs.
• Develop and coordinate communication strategies and activities designed to educate and inform employees about compensation.
• Maintain knowledge of economic conditions, labor market, trends, developments, and best practices in compensation.
• Develop executive reviews and insights for the compensation committee.
• Establish and identify opportunities for improvement of HR policies and processes across the full employee lifecycle.
• Ensure plans comply with the applicable provisions of COBRA, HIPAA, and ERISA as well as federal, state, and local compensation laws and regulations.

Key Experiences

• At least 10 years of experience in the human resources field, with at least five to eight years of compensation programs management experience.
• Demonstrated experience in developing creative solutions to complex problems.

Education

• Bachelor’s degree in business administration, human resources, or related field is required.
• A master’s degree is preferred but not required.
• Certified Compensation Professional (CCP) certification is preferred.

Knowledge, Skills, and Abilities

• Proven success in building and leading high-performance teams that deliver superior customer service by achieving desired results within specified timelines.
• Financial acumen. A leader who understands short- and long-term financial impact of Total Rewards practices, and able to prepare and oversee the presentation of relevant financial data to a senior audience.
• Ability to stay informed of industry best practices and future compensation trends.
• Strong analytical skills and ability to interpret and communicate data.
• Thorough knowledge of all federal, state, and local regulations and compliance requirements related to employee compensation.
• Strong partnering and influencing skills, adept at collaborating with all levels inside an organization, including the highest executive levels of the organization.
• Strong interpersonal skills, including demonstrated experience working collaboratively with multiple disparate stakeholders at all levels.
• Demonstrated experience in developing creative solutions to complex problems.
• Comfortable driving change and embracing innovation in face of ambiguity and complexity.
• Ability to distill complex information into key messages and clearly and simply communicate in a compelling way to front line employees and executives alike.
• An ability to inspire and align faculty and staff, both those within the department and those with whom the department interacts.

Leadership Expectations

• Demonstrates Leadership Competencies and excels in building organizational capabilities and driving accountability and empowerment.
• Builds organizational talent.
• Fosters strong relationships.
• Communicates effectively.
• Delivers results and drives accountability.
• Develops aligned strategy and Thinks as a System.
• Makes informed decisions.
• Leads continuous improvement.
• Provides coaching.

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