Compensation and Benefits Lead
Compensation & Total Rewards Responsibilities
- Design, implement, and manage salary structures, incentive plans, and bonus programs aligned with organizational objectives.
- Conduct compensation benchmarking and market pricing analyses to ensure competitive pay practices.
- Maintain job architecture, including job families, leveling frameworks, and compensation structures within HR systems.
- Lead annual compensation cycles, including merit increases, promotions, incentive payouts, and other reward programs.
- Partner with leadership, Talent Acquisition, and HR teams on compensation recommendations, offer strategy, and job evaluations.
- Support pay equity initiatives and compliance with applicable pay transparency regulations.
- Collaborate with Finance and HR stakeholders on workforce planning, budgeting, and compensation forecasting.
- Administer and enhance compensation-related processes, governance, reporting, and compliance activities.
Benefits Administration
- Oversee the administration of health, wellness, retirement, and employee wellbeing programs.
- Manage relationships with benefit vendors, brokers, carriers, and third-party administrators.
- Evaluate and recommend improvements to benefit offerings while balancing employee experience and cost effectiveness.
- Lead annual benefits renewals and open enrollment activities.
- Monitor utilization, costs, and market competitiveness of benefit programs.
- Provide reporting, analysis, and recommendations to leadership regarding total rewards programs.
- Maintain benefits documentation, policies, and audit readiness.
Qualifications
- Bachelor’s degree in Human Resources, Finance, Business Administration, Economics, Mathematics, or a related field.
- 8+ years of experience in compensation, benefits, total rewards, HR analytics, or a related discipline.
- Experience with market pricing, compensation surveys, and job evaluation methodologies.
- Experience administering and managing employee benefit programs.
- Ability to work independently and effectively manage both compensation and benefits responsibilities.
- Strong analytical skills with advanced proficiency in Excel and HRIS platforms.
- Experience with Workday or similar enterprise HR systems preferred.
The SR Group (US), Inc. is acting as an Employment Agency in relation to this vacancy.
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