Compensation & Benefits Manager

$120,000 - $120,000/Yr

First Databank (Fdb) - New York, NY

Full-time

New York, NY

Publishing Industries

About the position

The Compensation & Benefits Manager is responsible for developing and managing competitive compensation structures and employee benefits programs. This role involves conducting market analyses, ensuring compliance with legal requirements, and providing data analysis to assess the effectiveness of compensation and benefits initiatives. The manager will collaborate with leadership and HR teams to align compensation strategies with business goals and support talent acquisition efforts.

Responsibilities

• Design and implement competitive compensation structures, including salary ranges, incentive programs, and bonuses.
• Conduct job evaluations, market analyses, and salary benchmarking to ensure pay equity and competitiveness.
• Partner with leadership to align compensation policies with business goals.
• Oversee the annual salary review process and other compensation programs.
• Manage and communicate a rich and extensive employee benefits program, including disability, leave of absence, and professional development.
• Monitor and assess benefits offerings to ensure they are competitive and meet employee needs.
• Collaborate with the Corporate Benefits team on the rollout or enhancement of benefit programs.
• Oversee all aspects of benefits administration, including open enrollment and compliance reporting.
• Ensure compensation and benefits programs comply with applicable laws and regulations.
• Stay informed on changes in legislation affecting compensation and benefits programs.
• Manage employee communications regarding changes in compensation and benefits policies.
• Analyze compensation and benefits data to assess effectiveness and competitiveness of programs.
• Provide detailed reports on compensation trends, turnover rates, and benefits utilization.
• Prepare and present compensation and benefits recommendations to senior management.
• Provide guidance and support to HR team members and managers regarding compensation and benefits issues.
• Collaborate with HR and other departments to ensure alignment between compensation and benefits programs and overall HR strategies.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field; Master's degree preferred.
• 5 years of experience in compensation and benefits management.
• Strong understanding of federal, state, and local compensation and benefits regulations.
• Proficiency in HRIS systems and compensation/benefits software.
• Advanced Excel skills and experience with data analysis tools.
• Strong analytical, problem-solving, and communication skills.

Nice-to-haves

• Knowledge of Oracle is a plus.

Benefits

• Competitive salary range of $110-120K based on qualifications and experience.
• Professional development opportunities.