Summary:
The Compensation & Benefits Manager is an important member of the HR Department. This role will oversee and manage the compensation and benefits programs for Fessler & Bowman by ensuring that our pay structures and benefits remain competitive, compliant, and aligned with our organizational goals. The descriptions below are representative of, but not limited to, the duties and responsibilities for this position.
Five Key Roles of the Compensation & Benefits Manager:
- Compensation Strategy and Administration
- Develops, implements, and maintains competitive compensation programs aligned with company goals by conducting regular benchmarking, job evaluations, and market analyses, while partnering with the Core HR team to manage annual salary reviews and incentive programs.
- Benefits Management
- Oversees the design, administration, and communication of comprehensive team member benefit plans-including health, dental, vision, life, retirement, and ancillary programs-while partnering with brokers and vendors to assess plan effectiveness, manage renewals, conduct RFIs, and ensure compliance with all applicable federal and state regulations (ERISA, ACA, COBRA, etc.).
- Compliance and Policy Development
- Ensures all compensation and benefits programs adhere to relevant laws and regulations, collaborating with Human Resources to develop and maintain related policies, and maintaining accurate records and documentation to support audits and reporting requirements.
- Analytics & Reporting
- Prepares and analyzes reports on compensation trends, benefits utilization, and workforce metrics to identify opportunities for cost efficiency and improved team member satisfaction, providing data-driven insights to leadership for strategic decision-making.
- Team Member Compensation & Benefits Knowledge
- Collaborates with the Workforce Development team to deliver training and educational programs that enhance team members' understanding of total rewards, benefits, and wellness, while serving as the primary resource for inquiries and support related to compensation and benefits.
Essential Duties & Responsibilities:
- Partner with the Workforce Development and HR teams to align compensation strategies with skill development, career progression, and training initiatives.
- Manages the open enrollment process, including planning and conducting educational sessions to ensure team members understand their benefits options.
- Develops, implements, and manages the company's Total Rewards strategy, encompassing compensation, benefits, incentives, wellness programs, and other team member recognition initiatives in line with the organization's goals.
- Support HR leadership in workforce planning, job design, and organizational structure.
- Participates in the implementation, enhancement, and maintenance of HR systems related to payroll and benefits administration.
- Partners with Finance and Operations teams to align compensation and benefits budgets with organizational goals and financial targets.
- Conduct dependent eligibility audits to ensure benefits plan compliance and accuracy.
- Develop, implement, and monitor wellness initiatives that promote team member well-being and engagement.
- Oversee annual ACA compliance and benefits reporting requirements.
- Participates in PAS and other industry benchmarking surveys to evaluate market competitiveness.
- Collaborate with union representatives to ensure team members have a clear understanding of their union-provided benefits.
- Lead or participate in special HR projects as assigned.
- Maintains the highest level of confidentiality and consistently upholds company values in all activities.
Education, Experience & Qualifications:
- 10+ years of progressive experience in compensation and benefits management, preferably within the construction or related industry.
- Strong knowledge of employment laws, compensation structures, and benefits administration.
- Exceptional analytical, communication, organization, and negotiation skills.
- Proficiency in UKG HRIS and/or Power BI preferred.
- Union knowledge preferred.
- Bilingual (Spanish-speaking) preferred.
- Bachelor's Degree preferred.
Travel:
Travel is required for this position- this could include but is not limited to professional development and regional office visits. F&B will compensate for travel when applicable.
Work Environment:
As a Compensation & Benefits Manager, you will be subject to various work environments. These environments include office and field settings. Team Member must be comfortable with sitting for an extended period.
Benefits:
Fessler & Bowman is proud to provide eligible Team Members with the following benefits:
- Medical, dental and vision insurance
- 401k with company contributions
- Paid Holidays and Paid Time Off
Recruitment Process:
The recruitment process will include a phone screen, in-person meeting, and a pre-employment background check and drug test.
