What are the responsibilities and job description for the Compensation Manager position at Rockline Industries & Iatric Manufacturing?
Are you ready to take your career to the next level? Join Rockline Industries, where your expertise in compensation management will make a significant impact. This is a unique opportunity to shape our compensation strategy in a newly created role. If you are a strategic thinker with a passion for equitable and competitive compensation programs, we want to hear from you!
Position Overview : We are seeking a dynamic and experienced Compensation Manager to develop, implement, and administer our organization's compensation programs. This role is crucial for ensuring competitive pay practices that attract and retain top talent. The Compensation Manager will ensure that our compensation plans are equitable, competitive, and aligned with our overall business strategy, while maintaining compliance with internal policies and government regulations.
Key Responsibilities :
- Design, implement, and manage the organization's compensation structures, ensuring they are competitive and in line with industry standards.
- Oversee job evaluation processes and classification systems to ensure roles are appropriately graded and compensated.
- Conduct regular compensation analysis and market surveys to ensure internal equity and external competitiveness.
- Ensure that all compensation practices comply with relevant laws and regulations.
- Monitor the effectiveness of existing compensation practices and recommend changes that are cost-effective and consistent with compensation trends and corporate objectives.
- Conduct an annual compensation planning process in conjunction with HRBPs, Field HR, and Site Leadership.
- Develop and manage the compensation budget, ensuring financial sustainability and efficient allocation of resources.
- Prepare reports and presentations on compensation trends, pay equity, and competitive analysis for senior management and stakeholders.
- Educate and communicate compensation policies and procedures to HR teams, managers, and employees, addressing any inquiries or concerns.
Qualifications :
Why Rockline Industries?
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
