What are the responsibilities and job description for the Compensation Specialist position at Universal Leaf Tobacco Company, Inc.?
Job Description
Job Description
Position : Compensation Specialist
Location / Department : Richmond Headquarters
Status : Full-Time Salaried
Our Company
Universal Corporation is a global business-to-business agriproducts company with over 100 years of experience supplying products and innovative solutions to meet our customers’ evolving needs. With operations in over 30 countries on five continents, we are uniquely positioned to leverage our worldwide network to access a diverse, reliable supply of plant-based materials. This presence, combined with our supply chain expertise, integrated processing capabilities, and commitment to sustainability, enables us to deliver high-quality, customizable, and traceable value-added agriproducts essential to our customers’ success. We have two operating segments : Tobacco Operations and Ingredients Operations. We are the leading global leaf tobacco supplier. Our Tobacco Operations involve procuring and processing flue-cured, burley, dark air-cured, and oriental leaf tobacco for manufacturers of consumer tobacco products and performing related services. Through our Ingredients Operations, we procure raw materials globally and process the raw materials through a variety of value-added manufacturing processes to produce high-quality, innovative, specialty plant-based ingredients, including fruits, vegetables, botanical extracts, and flavorings for consumer-packaged goods manufacturers, retailers, and food and beverage companies.
Universal conducts business in over 30 countries on five continents and employs over 27,000 permanent and seasonal workers. Domestically, Universal employs over 1,563 permanent and seasonal workers, and its revenues ending March 31, 2024, were 2.7 billion.
Summary
We are seeking an experienced Compensation Specialist to join our Human Resources team. The ideal candidate will have 4 years of experience in compensation management and a strong understanding of HR functions and procedures. This role will be responsible for developing, implementing, and managing compensation programs to ensure they are competitive and aligned with the company's objectives.
What You’ll Be Doing (Essential Duties)
- Develop and implement compensation strategies and structures that align with the company's goals and objectives.
- Conduct market research and analysis to determine competitive compensation rates.
- Manage the annual compensation review process, including salary adjustments, SPOT awards, and performance review plan.
- Manage the officer and non-officer bonus programs.
- Ensure compliance with all federal, state, and local compensation laws and regulations.
- Collaborate with HR and management to develop salary ranges for new and existing positions.
- Provide guidance and support to managers and employees on compensation-related matters.
- Prepare and present compensation reports and analysis to management.
- Participate in compensation surveys and analyze survey data to ensure market competitiveness.
- Maintain accurate and up-to-date compensation data in HR systems.
- Responsible for various reporting (Vets 4212 and EEO-1).
- Backup for Payroll Processing (training will be provided).
Minimum Requirements
Preferred Skills
Benefits
We offer a wide range of market-competitive total rewards that include 401(k) match, pension, merit increases, paid holidays, medical, dental, life, vision, short and long-term disability benefits, and tuition assistance to name a few.
EOE M / F / Disabled / Vet Employer
All applicants must be authorized to work in the United States.
