What are the responsibilities and job description for the Benefits & Compensation Manager - Thermoformed & Flexible Packaging (TFP) position at Sonoco?
In September, Sonoco announced it is performing a strategic review of the Thermoforming Flexible Packaging (TFP) business unit. In order to support a newly formed global packaging company with annual revenues exceeding $1 billion, we are seeking a Benefits & Compensation Manager that be responsible to oversees the implementation, administration, and evaluation of core benefits and compensation policies, programs, and processes.
Reporting to the Director, Human Resources - TFP this position is responsible for vendor management, transactional workflows, and operational compliance, while ensuring effective communication and collaboration with vendors and internal stakeholders. Additionally, the Benefits and Compensation Manager plays a key role in analyzing data, preparing reports, and driving continuous improvement.
What you’ll be doing :
- Oversees the administration of benefits programs, including health, dental, vision, life insurance, retirement plans, and wellness initiatives across the various regions, with heavy focus in US. Collaborate with regional / in-country HR and management on global benefits
- Oversee compensation program and strategies, including salary structures and incentive plans, that align with company’s goals.
- Conduct ongoing market analysis to ensure competitive and fair benefit offerings and compensation practices aligned with industry trends and regional.
- Build and manage strong relationships with benefits providers, brokers, and third-party vendors, ensuring clear communication and streamlined processes.
- Participate in benefit provider contract negotiations and renewals; evaluate performance to ensure high-quality service and cost-effectiveness.
- Work with team members and vendors to update systems and processes in support of annual enrollment changes.
- Manage annual salary review process, including salary benchmarking and adjustments
- Collaborate with HR and management to develop and maintain job descriptions and hourly base rates
- Responsible for overseeing benefits plan audits, monitoring administrative costs of our benefits programs, and recommending cost-efficient alternatives.
- Oversee the management of employee benefits administration within the human resource information system (HRIS).
- Provide guidance and support to managers and employees on compensation and benefits-related issues
- Ensure strict compliance with all federal, state, and local compensation laws and regulations.
This position will be located out of our Charlotte, NC office or Chicagoland, IL Area.
We’d love to hear from you if :
Compensation :
The annual base salary range for this role is from $122,000 to $137,250, plus an annual target bonus of 7.5% of base salary.
An annual bonus is awarded to eligible employees upon attaining various business and individual goals as defined by the Company and the department leader. This annual bonus is discretionary, and the Company has sole discretion to determine the amount of the award.
Salary : $122,000 - $137,250
