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Compensation Manager
cumberlandfarmsinc Framingham, MA
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$106k-131k (estimate)
Full Time 2 Weeks Ago
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cumberlandfarmsinc is Hiring a Compensation Manager Near Framingham, MA

Position Summary:

The role is responsible for all aspects of compensation, both in the retail stores & store support center for EG America. Oversees base salary and incentive programs, job evaluations, and salary survey participation and procurement. Conducts market analysis of company jobs to determine competitive positioning of the organization's pay programs. Participates in annual salary administration programs, including salary structure creation and maintenance and development of incentive or salary increase budgets. Ensures that all compensation-related activities comply with applicable regulations and standards.

Responsibilities:

1. Serve as subject matter expert and provide day-to-day compensation support.

2. Collaborate and partner with Leadership Support Team, HR Business Partners & Talent Acquisition on pay decisions.

3. Manage the mid-year and year-end compensation process in alignment with the performance evaluation process using compensation modeling, data analytics and benchmarking.

4. Develop and track compensation reporting metrics and communicate actionable insights to Leadership Support Team.

5. Administer and participate in salary surveys and monitor salary survey data to ensure competitiveness.

6. Design and deliver compensation communication to managers and employees.

7. Ensure compliance with federal, state, and local compensation laws.

8. Manage long-term and short-term store support incentive plans.

9. Collaborate with Finance on retail store incentive plans.

10. Collaborate with Legal on acquisition and divestment activities.

11. Manage the annual expense budgeting and forecasting process for the Human Resources department.

Working Relationships:  All levels of management across the organization

 Minimum Education:

Bachelor’s degree or equivalent experience in Finance, Human Resources or related field

Preferred Education:

Master’s degree or equivalent experience in Finance, Human Resources or related field

Minimum Experience:

2-4 years in Finance or Human Resources with strong analytic duties

Preferred Experience:

4-6 years in Finance or Human Resources with strong analytic duties

Licenses/Certifications:

Strong computer skills. Advanced level skill set with Microsoft Excel

Soft Skills:

  • Comfortable talking and interacting with others
  • Strong communication skills
  • Detail and process oriented
  • Able to multi-task and prioritize

Physical Requirement:

Ability to stand/walk/ sit as needed during work day

#AC

Job Summary

JOB TYPE

Full Time

SALARY

$106k-131k (estimate)

POST DATE

05/18/2024

EXPIRATION DATE

06/05/2024

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The following is the career advancement route for Compensation Manager positions, which can be used as a reference in future career path planning. As a Compensation Manager, it can be promoted into senior positions as a Compensation Senior Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Compensation Manager. You can explore the career advancement for a Compensation Manager below and select your interested title to get hiring information.

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