The Associate Director will lead compensation strategies and the development of compensation structures/programs for the organization. Working closely with the CHRO and business leads, he/she will design, implement, and communicate compensation programs that are competitive and support the organization’s strategic objectives and mission. On an ongoing basis, this individual will regularly review the base pay structures and incentive programs to support the company’s retention and recruiting initiatives.
Responsibilities include but are not limited to:
- Administers and monitors the compensation program; assesses and analyzes external market trends and internal structure equity of the program; reviews and monitors salaries paid under the program.
- Conducts and/or participates in external compensation surveys and prepares detailed analyses; develops salary ranges and merit guidelines that are competitive and equitable; conducts internal position evaluations to ensure appropriate and equitable positioning of jobs within the salary range; evaluates individual salaries to reduce or eliminate inequities.
- Conducts regular competitive benchmarking studies to ensure compensation programs are in line, by function and industry.
- Prepares or reviews and approves job descriptions or revisions to existing job descriptions; ensures that complete, clear and concise descriptions are maintained in accordance with company standards; assures that existing descriptions are reviewed and where appropriate revised as necessary.
- Evaluates jobs using the Company’s evaluation methodology; ensures that positions are appropriately placed relative to external market and internal equity; reviews changes in wages or salaries for conformance to Company policy.
- Reviews new hire salaries which are exceptions to policy for conformance and uniformity; monitors the broad banding approach to compensation administration used at the company.
- Administers the Company’s merit budget and assists in the administration of performance assessment programs; assists in the design, development, implementation and administration of alternate reward programs (e.g. team gainsharing, discretionary bonuses, etc.)
- Participates in the development and implementation of policies and procedures; identifies need for policy development, researches policy issues, establishes and implements new policies and procedures within assigned areas of responsibility.
- Interprets HR policies and procedures for department heads and others; ensures that policies and procedures and applicable government regulations are understood and followed.
- Prepares or assists in the preparation of communications covering compensation topics; responsible for maintenance of compensation records and employee files; compiles and submits periodic reports as required.
- Counsels management regarding compensation guidelines and policies.
- Assure corporate compliance with federal and state laws and regulations.
- Supervises a compensation analyst.
- Monitors departmental budget for cost effective utilization.