Director of Compensation

The Director of Compensation will play a pivotal role in developing and executing the company’s compensation strategy and establishing compensation related programs and policies that align to our business. This role will be responsible for reviewing and aligning positions to market practices to determine competitive positioning of the organization's pay programs, including base pay and short- and long-term incentive pay. This position requires a strategic thinker with a strong analytical background, exceptional leadership skills, and the ability to collaborate across departments to ensure our compensation programs align with our business objectives and support our talent acquisition and retention efforts.

Primary Responsibilities

• Develop and implement a comprehensive compensation strategy that aligns with the company’s goals and supports talent acquisition and retention.
• Conduct regular market analysis to ensure competitive compensation structures, utilizing benchmarking data to inform compensation decisions.
• Design and manage compensation programs, including base salary, variable pay, incentives, and other rewards, ensuring they are equitable, competitive, and aligned with organizational objectives.
• Ensure compliance with federal, state, and local compensation regulations and reporting requirements.
• Partner with HR, Finance, and executive leadership to communicate and implement compensation policies and programs.
• Develop and deliver training for HR and management on compensation programs and policies, ensuring clarity and understanding across the organization.
• Utilize data analytics to assess the effectiveness of compensation programs and make recommendations for enhancements.
• Lead and mentor the compensation team, fostering a culture of collaboration, innovation, and professional development.
• Prepare and present regular reports on compensation metrics and trends to senior leadership and the Board of Directors.
  
  

Professional Qualifications

• Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field; Master’s degree preferred.
• 10 years of experience in compensation management, with at least 3 years in a leadership role. Experience working in a private company and having experience with both manufacturing and construction would be a plus.
• Strong knowledge of compensation regulations and best practices.
• Proven experience in market analysis, job evaluation, leveling/banding and incentive compensation program designs.
• Exceptional analytical/statistics skills and proficiency in data analysis tools and techniques; advanced excel capabilities.
• Excellent communication and interpersonal skills, with the ability to train, influence and collaborate across all levels of the organization
• Strong project management skills and ability to manage multiple priorities in a fast-paced environment.
• Professional certification (CCP, GRP, or similar) is a plus.
  
  

This is a full-time position with hours dictated by business needs. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.