Compensation & Benefit Manager

Summary:

The Compensation & Benefit Manager is responsible for developing and executing a strategic total rewards program that supports organizational goals, ensures market competitiveness, and promotes employee equity and satisfaction. With 8+ years of progressive HR experience, this role leads the design, implementation, and management of salary structures, incentive plans, and benefits across all levels and business units. By leveraging data-driven insights, market research, and compliance expertise, the manager ensures pay fairness, regulatory adherence, and alignment with business priorities. This position plays a key role in attracting and retaining top talent, enhancing engagement, and positioning the organization as an employer of choice in a competitive talent landscape.

Responsibilities:

• Develop, implement, and manage compensation and benefits strategies aligned with business objectives and market trends.
  
• Conduct regular market benchmarking and compensation surveys to maintain pay competitiveness across industries and regions.
  
• Design and maintain salary structures, pay grades, and job evaluation frameworks to ensure internal equity.
  
• Lead the annual compensation review process, including budgeting, approvals, and execution of merit increases, bonuses, and incentive programs.
  
• Oversee administration of employee benefits, including health, wellness, retirement, paid time off, and supplemental programs.
  
• Ensure compliance with federal, state, and local regulations (e.g., FLSA, ACA, COBRA, ERISA).
  
• Collaborate with HR Business Partners and leaders to support workforce planning, succession planning, and talent retention.
  
• Analyze compensation data and deliver actionable insights through reports and dashboards for leadership.
  
• Manage relationships with benefits vendors, payroll providers, and compensation software platforms.
  
• Communicate compensation and benefits policies clearly through materials, workshops, and Q&A sessions.
  
• Stay up to date on regulatory changes, industry trends, and best practices in total rewards.
  

Requirements

Requirements:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; Master’s degree preferred.
  
• Professional certification in Compensation (e.g., CCP, CPHR, SHRM-CP) is highly desirable.
  
• 8+ years of progressive experience in compensation, benefits, or total rewards within a corporate or large organization.
  
• Demonstrated experience in compensation benchmarking, pay equity analysis, and salary structure redesign.
  
• Strong analytical skills with proficiency in HRIS systems (e.g., Workday, SAP SuccessFactors) and advanced Excel.
  
• In-depth knowledge of labor laws, compliance standards, and benefits administration.
  
• Excellent communication, presentation, and stakeholder management skills.
  
• Experience managing compensation budgets and collaborating with finance and executive leadership.
  
• High level of discretion in handling sensitive employee data and maintaining confidentiality.
  
• Proven ability to lead change and drive adoption of new compensation and benefits initiatives.