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The Michael Fuller Group
Mentor, OH | Full Time
$118k-150k (estimate)
1 Week Ago
Compensation Manager
$118k-150k (estimate)
Full Time 1 Week Ago
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The Michael Fuller Group is Hiring a Compensation Manager Near Mentor, OH

A NEW Client, the world's largest manufacturer and supplier of charitable gaming products and solutions is looking for a talented Compensation Manager to join their Total Rewards Department. They are growing at a record pace and offer this exciting career opportunity to join their team, focused on attracting and engaging exceptional talent, empowering colleagues to achieve fulfilling careers, and creating fun and engaging products that are second to none for our customers.

Position Summary

The Compensation Manager is primarily responsible for developing the company compensation strategy. The candidate will be skilled at developing programs that attract, develop, motivate, and retain highly skilled associates thereby partnering with Company divisions to further the strategic goals of the organization. Uses independence and judgment to recognize and resolve complex problems and issues and is accountable for the timeliness and accuracy of work.

Reports directly to the Director, Total Rewards.

This is an on-site position located at global corporate headquarters.

Primary Roles and Responsibilities

Develop and implement all aspects of the Company’s compensation strategies and policies. Includes the design and support of incentive plans, sales commission structure, recognition programs, and compensation policies that increase the company’s ability to attract, develop, and retain employees.

  • Ensure that the company adopts competitive and "best-practice" policies regarding compensation strategy against the marketplace.
  • Design/maintain leading-edge employee incentive plans, aligned with company performance metrics.
  • Previous experience building compensation structure with a medium-sized company.
  • Act as liaison between the strategic compensation and benefits function and other Company departments to ensure all are communicating effectively and using congruent policies and standards.
  • Maintains the current methodology for on-going surveying externally to assure that we are aware of competitive pay levels for specific positions and the area market in general.
  • Administers the execution of the various pay plans, including Short Term Incentive (Bonus) award payments, merit increases and executive compensation.
  • Develops, directs, and manages communication of compensation programs to improve understanding and acceptance of Company compensation programs.
  • Integrates all compensation programs for new associates as the result of Acquisitions / Mergers for all acquired entities.
  • Identifies compensation issues that have or might arise and provide recommendations for the proper actions to be taken. Continue the regular process of surveying the various field markets for the competitive compensation levels for all positions and reporting back the results.
  • Benchmark activities across all areas of rewards to elevate our understanding of our compensation competitiveness globally and evolve it over time to meet the changing landscape of Compensation and Benefits.

Experience and Education

  • Bachelors' degree in, Business, Finance, Human Resources, or equivalent
  • Certified Compensation Professional (CCP) preferred.
  • A minimum of 5 years of hands-on experience in compensation.
  • 2-3 years in a senior-level strategy setting capacity, ideally operating in a multi-divisional and a multi-national environment.
  • Demonstrated knowledge of and experience in human resource functions and specifically developing total compensation packages.
  • Demonstrated strong verbal and written communication and interpersonal skills; attention to detail and accuracy in work; and time management and organizational skills.
  • Demonstrated team orientation and the ability to work independently.
  • Demonstrated ability to work under the stress of strict deadlines and multi-tasking.
  • Demonstrated success working in fast-paced, high-growth company.
  • Advanced excel skills with ability to perform detailed calculations, modeling and analysis using data in building compensation and benefits plans reconciled with budgets and forecasts.
  • Familiarity with Paylocity, salary surveys, benchmarking, external vendors, and other global compensation and benefit providers and tools.
  • Highly skilled in change management with the ability to influence stakeholders with competing priorities and differences of opinion towards a common goal and solution, enabling decision-making.

Interviews are being set up IMMEDIATELY for qualified candidates! Apply today to ensure you don't miss the opportunity to join an amazing organization and be a part of something great.

Job Summary

JOB TYPE

Full Time

SALARY

$118k-150k (estimate)

POST DATE

06/18/2024

EXPIRATION DATE

07/16/2024

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The job skills required for Compensation Manager include Analysis, Benchmarking, Competitiveness, Written Communication, Attention to Detail, Partnering, etc. Having related job skills and expertise will give you an advantage when applying to be a Compensation Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Compensation Manager. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Compensation Manager positions, which can be used as a reference in future career path planning. As a Compensation Manager, it can be promoted into senior positions as a Compensation Senior Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Manager. You can explore the career advancement for a Compensation Manager below and select your interested title to get hiring information.