Compensation & Benefits Manager

$120,000 - $120,000/Yr

CDS Global - New York, NY

Full-time - Mid Level

New York, NY

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

About the position

The Compensation & Benefits Manager will be responsible for developing and managing competitive compensation structures and employee benefits programs. This role involves ensuring compliance with legal requirements, conducting data analysis, and collaborating with HR and leadership to align compensation and benefits strategies with organizational goals.

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, workers compensation, professional development and work accommodations.
• Monitor and assess benefits offerings to ensure they are competitive and meet the needs of our employee population.
• Collaborate with the Corporate Benefits team on the rollout or enhancement of any new or existing benefit programs, trainings or events.
• Oversee all aspects of benefits administration, including open enrollment, weekly benefits orientation, employee inquiries, and compliance reporting.
• Ensure compensation and benefits programs comply with all applicable laws and regulations, including FLSA, ERISA, ACA, and local labor laws.
• Stay informed on changes in legislation affecting compensation and benefits programs and implement necessary adjustments.
• 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.
• Support talent acquisition efforts by providing competitive compensation packages for new hires.

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 a plus.