What is a Senior Compensation & Benefits Manager doing? Job description and responsibilities

What does a Senior Compensation & Benefits Manager do?

We are looking for an experienced, detail-oriented Senior Compensation & Benefits Manager to join our Human Resources team. The ideal candidate will have a background in compensation and benefits, along with experience managing teams. You will be responsible for developing and administering competitive compensation and benefits packages for all employees, ensuring compliance with applicable laws, and providing strategic guidance and expertise to Human Resources leadership. You will also be responsible for overseeing the day-to-day operations of the benefits and compensation programs, including developing and executing policies, communicating benefits to employees, and managing vendor relationships. The successful candidate will have a passion

Responsibilities of Senior Compensation & Benefits Manager

1. Develop, administer, and review compensation and benefit plans, policies, and programs.
2. Monitor cost management of benefits programs and ensure compliance with relevant laws and regulations.
3. Monitor and evaluate data related to salary and benefits to ensure competitiveness and compliance with applicable laws.
4. Design and develop salary and benefit surveys to ensure internal equity and external competitiveness.
5. Serve as a technical resource to other departments regarding compensation and benefits.
6. Develop and implement job evaluation and performance management systems.
7. Analyze compensation trends and make recommendations to management.
8. Analyze employee benefit utilization and develop strategies for improvement.
9. Assist with the management of employee benefit programs, such as health, dental, vision, and life insurance.
10. Manage and coordinate the annual open enrollment period.