A manufacturing client in Cincinnati is looking to hire a Compensation Manager to join their HR team fulltime. This individual will be responsible for managing a compensation program, developing and implementing compensation policies and procedures, continually evaluating compensation throughout the organization, and working with upper-level management to continually evaluate and develop a compensation strategy. The first year of this role will involve maintaining the system in place, cleaning up the system & developing new strategies, and enforcing policies around the earnings structure they currently have. Following this this person will be heavily involved in building out a 5 year plan. This role will be heavy analysis based, looking at excel files, time management systems, UKG and much more. They will need to work heavily with high level management to enforce reward policy and procedures. More duties are listed below.
Manage and administer the various compensation programs
Monitor the effectiveness of existing compensation practices and recommend cost-effective changes consistent with compensation trends and business objectives
Audit, evaluate, and monitor additional earnings codes for consistency across the business
Maintain Mercer file with all positions and changes to positions
Lead the annual review of all bonus programs
Review and understand the job descriptions to evaluate job positioning within the company
Partner with HR Managers and managers to provide advice on pay decisions, policy interpretations, and job evaluations
Design creative solutions for specific compensation-related programs and incentive plans
Develop wage and hour and compensation training for managers
Oversee participation in salary surveys and monitor salary survey data to ensure corporate compensation objectives are achieved
Ensures compliance with federal, state, and local compensation laws and regulations, including wage and hour
Support with HR Projects
Other duties as assigned.
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Bachelors Degree in Finance or Business Administration (or related field)
3+ years of experience developing compensation programs
Analytics experience with market data and platforms such as UKG, Time Management System tools, excel files
Experience working with market data from outside vendors
o Example of vendors: Korn Ferry, Mercer, Willis Towers Watson, ETC
Manufacturing, freight or Logistics industry background
Presentation Experience
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.