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Compensation Manager

Company: Octagon Consulting, LLC
Location: Houston
Posted on: May 16, 2022

Job Description:

Job Overview

The Compensation Manager is responsible for planning, developing and implementing new and revised compensation programs, policies and procedures in alignment with the HR Strategy and Goals to ensure the company provides a competitive and desirable compensation package as part of its Total Rewards Strategy. The Compensation Manager ensures that company compensation programs are consistently administered in compliance with internal policies and government regulations. This position provides creative leadership and coordinates with staff in the Shared Services and the Talent Acquisition Divisions and with HRBPs to ensure a cohesive strategy for planning for, attracting, retaining, and compensating talent.

Responsibilities and Essential Duties

Provides leadership input for development of companies Total Rewards Strategy and Compensation Philosophy, aligned with the HR and agency strategy and objectives.
Responsible for designing, recommending, implementing and maintaining an agency wide compensation strategy that includes all FLSA statuses and levels, that embeds practices to attract, retain and reward valued talent.
Evaluates internal and external trending to ensure it remains market competitive and that best practices are being applied.
Grades all jobs, partnering with other areas of HR such as HRBPs and Talent Acquisition to ensure thorough understanding of the role for accuracy.
Works with agency leadership and HRBPs to create, update and sunset job descriptions, as applicable, and that a job description exists for each active role.
Monitors the effectiveness of existing compensation practices and recommends changes that are cost-effective and consistent with compensation trends, the compensation philosophy and agency objectives.
Provides advice to agency staff on pay decisions, policy interpretations, and job evaluations.
Ensures compliance with pay practices.
Designs creative solutions to specific compensation-related programs and incentive plans.
Develops techniques for compiling, preparing and presenting data.
Oversees the participation in salary surveys and monitors salary survey data to ensure corporate compensation objectives are achieved.
Facilitates the executive compensation process and works directly with the CHRO, CEO and CFO to ensure that the executive compensation values are being met.
Able to identify, prioritize and correct pay practice issues and create communication plans regarding necessary changes.
Responsible for annual merit process, including requesting necessary budget, communication, gaining approval to finalize and reporting. This includes communicating to department leaders where employees are in the range and who is already at max and ineligible to receive merit. This is done in partnership with HRBPs, including managing concerns around merit award and allocation. Partners with Payroll to ensure timely and accurate processing.
Manages all bonus processing, including communication, evaluation of submitted requests, gaining approval to finalize and reporting. Partners with HRBPs, along with Payroll to ensure timely and accurate processing.
Audits for pay equity and compliance, such as ensuring salaries are within ranges.
Ensures compliance with applicable federal and/or state laws, regulations, and/or agency rules, standards and guidelines, etc.
Provides recommendations on policies or standards as required.
Participates in the Performance Improvement/Quality Programs to provide guidance on compensation and position management.
Performs other duties as assigned.

Experience & Education

Must be able to perform duties and responsibilities with or without reasonable accommodation.
Strong leadership and team management skills.
Strong interpersonal skills in working with HR Leaders and Leadership
Knowledge of all federal, state and local regulations and compliance requirements related to employee compensation.
Strong analytical skills and ability to interpret and communicate data.
Computer proficiency and technical aptitude with the ability to use Microsoft products, including Excel.
Excellent time management skills and ability to plan and set priorities.
Strong oral and written communication skills
Must be able to manage multiple deadline and decision-making responsibilities.
A minimum of 5 years' experience in Compensation; 1 year of experience in a staff supervisory position.
Bachelor's degree or equivalent in business, human resources or related field and five years of progressively responsible experience in employee compensation.
Knowledge of laws and regulations as they apply to base compensation and incentive compensation programs, company policies, and operations

Keywords: Octagon Consulting, LLC, Houston , Compensation Manager, Executive , Houston, Texas

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