Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Director of Compensation
Sisters of Mercy of the Americas
Merion, Pennsylvania
The Director of Compensation is responsible for the entire remuneration and benefits system of the organization, which approximates 750 team members located across 34 sites in 25 states. As such, the Director’s effectiveness has a significant impact on employee satisfaction, staff retention and productivity. The Director oversees, trains, and coaches a team of six to ensure that they are, individually and collectively, performing consistently. Reporting to the Senior Director of Human Resources, based in Merion, Pennsylvania, the position also oversees HRIS, payroll and benefits administration.
The Director will ensure that all compensation and benefits policies follow federal, state and local laws and are in line with organizational culture. In collaboration with senior management and department heads, the Director of Compensation will formulate strategy, implement plans and ensure that the organization is an employer of choice. The Director will review employee benefits programs, including health insurance and retirement plans, to ensure they are fair, equitable and competitive. This includes benchmarking current compensation and benefits against the macro environment.
Qualified candidates will have a bachelor’s degree and a minimum of five years’ experience in compensation and benefits administration. At least three years of management/team leadership experience is necessary. Certification as a Compensation Professional (CCP) is strongly preferred. The successful candidate must have strong communication and business writing skills as well as superb customer service skills. Candidates will share a commitment to the mission and values of the Sisters of Mercy and have an appreciation of the traditions and culture associated with the Mercy charism.