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Compensation Benefits Manager

Confidential
Chicago, IL Full Time
POSTED ON 1/16/2025 CLOSED ON 2/21/2025

What are the responsibilities and job description for the Compensation Benefits Manager position at Confidential?

Position Summary:

We are seeking an experienced professional to lead the design and administration of total rewards programs, specifically compensation and benefits. This role will play a key part in ensuring competitive, equitable, and compliant reward practices while aligning with the organization’s strategic goals. The ideal candidate will work closely with leadership and cross-functional teams to optimize rewards and create impactful employee experiences.


Key Responsibilities:

  • Compensation Strategy: Design and manage competitive compensation structures, including base pay, incentive plans, and variable pay programs, to support talent acquisition and retention efforts.
  • Benefits Administration: Oversee health, wellness, and retirement benefit offerings, ensuring alignment with employee needs and organizational objectives.
  • Market Benchmarking: Conduct salary surveys and market analyses to maintain competitive positioning and inform decision-making.
  • Regulatory Compliance: Ensure adherence to relevant federal, state, and local regulations, including but not limited to ACA, FMLA, ERISA, and other labor standards.
  • Employee Engagement: Develop and deliver communication initiatives to increase awareness and understanding of reward programs among employees.
  • Data Insights: Analyze and report on total rewards effectiveness using data-driven insights, offering actionable recommendations to senior leadership.
  • Collaboration: Partner with internal teams, such as HR, Finance, and Operations, to align rewards strategies with organizational goals.
  • Best Practices: Monitor trends in total rewards to propose innovative and competitive solutions.


Qualifications:

  • Education: Bachelor’s degree in Human Resources, Business Administration, or a related field. Certification in compensation or benefits (e.g., CCP, CEBS) is a plus.
  • Experience: 5 years of experience in compensation and benefits or total rewards management, ideally in a dynamic or regulated industry.
  • Skills:
  • Strong proficiency in HRIS systems and data analytics tools.
  • Expertise in designing compensation and benefits programs.
  • Solid knowledge of applicable labor and compliance regulations.
  • Excellent interpersonal, communication, and organizational skills.
  • Proven ability to handle sensitive information with professionalism and discretion.

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