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Compensation Manager
2 months ago
We are seeking a highly skilled Compensation Manager to join our team at Emburse. The successful candidate will be responsible for developing and implementing a comprehensive compensation strategy that supports the company's strategic business plan.
Key Responsibilities- Compensation Strategy Development: Drive a global compensation strategy that aligns with Emburse's business objectives and ensures the company remains competitive in the market.
- Base Pay Structure Management: Develop and administer a base pay structure that leverages market data and ensures Emburse is positioned competitively from a base salary perspective.
- Compensation Program Management: Lead the development, implementation, management, and administration of compensation programs, policies, and procedures to ensure they are current, competitive, and in compliance with legal requirements.
- Variable Pay Programs: Develop and manage variable pay programs designed to drive performance and align compensation with company philosophy, including the annual bonus program and ancillary plans.
- Salary Analysis and Recommendations: Analyze internal and external salary statistics, including survey results, to provide recommendations and strategies for changes to salary grades and for the classification of new jobs.
- Market Trend Analysis and Compliance: Stay current with market trends and ensure compliance with local, state, and federal regulations as it relates to compensation, as well as global pay trends and regulations.
- Collaboration and Communication: Work collaboratively with administrative functions to build support of compensation processes within the framework, and consult with hiring managers and the talent acquisition team to confirm competitive pay packages.
- Compensation Recommendations: Prepare compensation recommendations for new positions and promotions supported by internal equity, pay guidelines, and external competitive benchmarks.
- Pay Equity Analysis and Presentations: Analyze and present to functional leaders' compensation themes and pay gaps for their respective teams, and conduct pay equity analyses annually and present findings to executive leadership.
- Merit Budget Recommendations: Leverage market data and portfolio company intelligence to recommend annual merit budgets.
- Compensation Data Integrity: Complete audits to check the integrity of the compensation data and ensure data in all HRIS systems is accurate, including base salary, bonus targets, and equity.
- Equity Administration: Administer the equity process, including providing equity agreements to new hires, updating the equity management system, and ensuring approvals for equity have been received.
- Annual Equity Review: Develop and administer an annual equity review process based on job level and target.
- Education: Bachelor's Degree in Human Resources, Finance, Business Administration, or related field – or similar level of experience required.
- Experience: Minimum of 8-10 years' relevant compensation experience, with experience with pre-IPO equity, mergers, and acquisitions (M & A), sales rewarding, and/or executive compensation highly preferred.
- Certifications: CPLP, PHR/SPHR or SHRM CP/SCP certification preferred.
- Skills: Excellent communication and problem-solving skills, with the ability to multitask, meet constantly changing deadlines, and possess excellent interpersonal skills. Advanced computer skills, including mastery of Excel and PowerPoint, and strong analytical and creative problem-solving skills, including statistical analysis and modeling.
- Behavioral Competencies: Ability to work collaboratively and to influence and develop strong cross-functional working relationships with groups such as HR Operations, Talent Acquisition & Finance. Clear communication skills, including an ability for breaking down complex technical concepts and knowledge-sharing. Ability to handle confidential information with discretion and communicate effectively; listen and give clear directions verbally and in writing. Interpersonal skills to work across all levels of the organization, and understand and practice ethical behavior to meet the company's expectations for conduct.
