Compensation & Benefits Manager

Position Summary

The Compensation & Benefits Manager is responsible for developing, implementing, and managing competitive compensation and benefits programs that attract, retain, and motivate employees. This role ensures all programs are compliant, cost-effective, and aligned with business objectives. The manager partners closely with HR leadership, finance, and key stakeholders to design a total rewards strategy that supports workforce needs and promotes operational excellence.

Key Responsibilities

• Develop and administer compensation programs, salary structures, pay policies, and job evaluation processes.
• Lead annual compensation cycles, including merit reviews, market adjustments, and bonus planning.
• Conduct market benchmarking, pay equity analysis, and competitive compensation assessments.
• Maintain up-to-date job descriptions and ensure internal consistency and external competitiveness.
• Advise leadership on compensation decisions, ensuring alignment with company philosophy and budget.
• Manage employee benefits programs, including medical, dental, vision, life insurance, disability, retirement plans, and wellness initiatives.
• Evaluate vendors, negotiate renewals, and optimize plan designs to balance cost and employee value.
• Oversee open enrollment preparation, communication, and system updates.
• Ensure benefit offerings comply with federal and state regulations (ACA, ERISA, COBRA, HIPAA, etc.).
• Support development of long-term total rewards strategy to enhance employee engagement and retention.
• Monitor compensation and benefits trends and provide recommendations for improvement.
• Ensure all compensation and benefit programs follow legal, regulatory, and audit requirements.
• Prepare reports and analytics for leadership and compliance audits.
• Ensure accuracy of compensation and benefit data in HRIS systems.
• Collaborate with payroll to resolve issues related to pay and benefit deductions.
• Lead process improvements related to total rewards administration and employee experience.
• Serve as subject matter expert for compensation and benefit inquiries.
• Provide clear communication materials for employees and managers on plan details and policies.
• Train HR team members and managers on compensation guidelines and benefit processes.

Qualifications

• Bachelor's degree in Human Resources, Business Administration, Finance, or related field.
• 5+ years of experience in compensation, benefits, or total rewards roles.
• Strong knowledge of compensation strategies, job analysis, and benefits administration.
• Familiarity with federal and state labor regulations and compliance requirements.
• Proficiency with HRIS systems and advanced Excel skills.
• Strong analytical, communication, and project management abilities.
• Experience in manufacturing or high-tech industries.

Key Competencies

• Analytical and data-driven problem solving
• Strategic thinking and business acumen
• Strong communication and stakeholder management
• High attention to detail and confidentiality
• Process optimization and continuous improvement

Job Type: Full-time

Pay: $120, $150,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending