Company: Octagon Consulting, LLC
Posted on: May 16, 2022
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
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
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
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
Oversees the participation in salary surveys and monitors salary
survey data to ensure corporate compensation objectives are
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
Audits for pay equity and compliance, such as ensuring salaries are
Ensures compliance with applicable federal and/or state laws,
regulations, and/or agency rules, standards and guidelines,
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
Strong leadership and team management skills.
Strong interpersonal skills in working with HR Leaders and
Knowledge of all federal, state and local regulations and
compliance requirements related to employee compensation.
Strong analytical skills and ability to interpret and communicate
Computer proficiency and technical aptitude with the ability to use
Microsoft products, including Excel.
Excellent time management skills and ability to plan and set
Strong oral and written communication skills
Must be able to manage multiple deadline and decision-making
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,
Keywords: Octagon Consulting, LLC, Houston , Compensation Manager, Executive , Houston, Texas
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