Director - Compensation & Benefits - Pharma/IT

Director - Compensation & Benefits

Compensation Management :

- Develop and implement compensation strategies that align with company goals and are competitive within the industry.

- Conduct job evaluations, salary surveys, and analyze compensation data to determine competitive positioning.

- Design and manage incentive programs, bonus structures, and commission plans.

- Prepare compensation reports and present findings to management.

Benefits Administration :

- Manage employee benefits programs including health insurance, retirement plans, wellness programs, and other perks.

- Communicate benefits programs to employees and resolve any related issues or concerns.

- Work with vendors and brokers to negotiate benefits plans and ensure compliance with regulations.

- Conduct benefits orientations and training sessions for employees.

Compliance and Reporting :

- Ensure all compensation and benefits programs comply with federal, state, and local laws.

- Prepare and submit required reports, such as EEO-1 and other compliance documentation.

- Maintain accurate and up-to-date employee records and benefit enrollments.

Data Analysis and Reporting :

- Analyze compensation and benefits data to identify trends and provide actionable insights.

- Prepare regular reports on compensation and benefits metrics for senior management.

- Use data to forecast future compensation and benefits costs and trends.

Employee Relations and Support :

- Serve as the primary point of contact for employee inquiries regarding compensation and benefits.

- Provide guidance and support to HR and management on compensation and benefits matters.

- Conduct training sessions for HR staff and managers on compensation and benefits programs.

Continuous Improvement :

- Stay updated on industry trends, best practices, and regulatory changes in compensation and benefits.

- Recommend and implement improvements to compensation and benefits programs.

- Participate in HR projects and initiatives as needed.