General Manager, Head Compensation and Benefits Job Description Template
The General Manager, Head Compensation and Benefits will oversee the development, implementation, and administration of the company's employee compensation and benefits programs. The ideal candidate will ensure these programs align with the organization's overall strategy and objectives, promote employee satisfaction, and comply with all relevant regulations.
Responsibilities
- Develop and implement compensation and benefits strategies and policies.
- Oversee the administration of employee benefits programs, including health, retirement, and wellness initiatives.
- Conduct regular market analysis and benchmarking to ensure competitive compensation packages.
- Ensure compliance with all federal, state, and local compensation and benefits laws and regulations.
- Collaborate with senior leadership to align compensation and benefits programs with organizational goals.
- Manage the annual compensation review process, including salary, bonuses, and incentives.
- Provide guidance and support to HR and management teams regarding compensation and benefits issues.
- Analyze and report on the effectiveness of compensation and benefits programs.
- Lead, mentor, and develop a team of compensation and benefits professionals.
Qualifications
- Bachelor's degree in Human Resources, Business Administration, or a related field.
- 10+ years of experience in compensation and benefits management.
- Proven track record of developing and implementing successful compensation and benefits programs.
- In-depth knowledge of compensation and benefits laws and regulations.
- Strong analytical and problem-solving skills.
- Exceptional communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Experience with HRIS and compensation management software.
Skills
- Compensation Strategy
- Benefits Design
- Regulatory Compliance
- Data Analysis
- HRIS (e.g., Workday, SAP SuccessFactors)
- Market Benchmarking
- Project Management
- Leadership
- Conflict Resolution
- Microsoft Excel
Frequently Asked Questions
A General Manager, Head of Compensation and Benefits oversees the development and implementation of compensation and benefits programs. This role involves strategizing to ensure competitive pay structures, evaluating salary and benefits trends, and aligning compensation policies with organizational goals to attract and retain talent. The manager collaborates with HR and finance teams to ensure budgetary allocations meet business needs while maintaining employee satisfaction.
To become a General Manager, Head of Compensation and Benefits, a candidate typically needs a bachelor's degree in human resources, business administration, or a related field. Advanced degrees like an MBA or specialized HR certifications can enhance prospects. Experience in HR roles focused on compensation and benefits, along with a track record of leadership, analytical skills, and strategic planning, are crucial for progressing to this senior position.
The average salary for a General Manager, Head of Compensation and Benefits varies based on location, industry, and company size. However, these professionals are generally well-compensated due to their expert knowledge and leadership responsibilities. Salaries tend to be higher in industries with complex compensation structures, such as finance or technology, where skills in navigating regulatory environments and strategic planning are particularly valuable.
Qualifications for a General Manager, Head of Compensation and Benefits typically include a degree in HR, finance, or business. Professional certifications such as Certified Compensation Professional (CCP) can be advantageous. Extensive experience in HR roles, particularly in compensation and benefits, along with strong analytical, negotiation, and communication skills, are essential for this leadership role. The ability to stay updated with industry trends and regulatory changes is also important.
Key skills for a General Manager, Head of Compensation and Benefits include strong analytical abilities, strategic thinking, excellent communication, and leadership skills. Responsibilities include designing competitive compensation packages, managing benefits programs, conducting market analysis, and ensuring compliance with labor laws. The role demands a strategic approach to align compensation structures with business objectives, enhance employee satisfaction, and support talent acquisition and retention.