Director Compensation

NFI Industries   •  

Cherry Hill, NJ

Industry: Transportation

  •  

8 - 10 years

Posted 44 days ago

This job is no longer available.

The Director of Compensation will report to the SVP of Human Resources. In this important role you will manage the design, development, implementation and administration of the Company’s compensation programs.

Critical Responsibilities:

  • Compensation Administration: Ensure that market database is updated, review and update compensation policies and procedures; review and make recommendations to changes in U.S. salary ranges; ensure that job titles, grades, and job levels are up to date; and develop compensation education materials – manager’s guide, leveling guidelines, intranet site, etc.
  • Job Evaluation Process: Review all (new) job descriptions to ensure accuracy in grade, title, level, and FLSA status; oversee annual and ad hoc market pricing of U.S. and Canadian jobs. Partner with HR Directors and Managers as well as Recruiters to provide advice and recommendations to client managers; and lead project management of special ad hoc analysis – e.g., sales compensation, etc.
  • Sales Incentive Plan (SIP) Administration: Responsible for project management of sales plan design process, including evaluating the plan’s effectiveness, proposing plan changes, and coordinating metric and cost modeling; prepare plan budget; draft plan document; prepare plan etc
  • Corporate Incentive Plan (CIP) Administration: Provide cost modeling support for plan design; support preparation of presentations; and develop employee communication materials. Assist in plan development and modification as needed to ensure internal equity in Incentive plans.
  • Merit and Bonus Cycle Management: Manage and administer annual merit budgets and guidelines; calculate bonus funding allocations; lead design, testing, and implementation of merit and bonus system; preparation of calibration reports; and coordinate with Payroll and HRIS for salary adjustments and bonus payments.
  • Long term incentive plan administration: Manage LTIP program for key team members, prepare annual statements, send updated letters, work with finance to track vesting and interest.
  • Executive Compensation Support: Provide support to SVP, Human Resources on executive compensation projects, including, but not limited to annual executive compensation analysis, etc.

Important Responsibilities:

  • Reorganizational support: Play a key role in supporting department reorganizations, including job evaluations, assessing potential compensation impact, providing compensation change recommendations, etc.
  • Due Diligence: Acts as HR point of contact for due diligence requests; prepares and coordinates requests with Benefits, HRIS, and Recruitment.
  • Maintain up to date survey information and work closely with business units on new location start ups.

Desired Skills & Experience

Minimum Requirements:

  • Must have a Bachelor’s Degree and at least 7 years of Compensation experience, including experience with all of the following: job evaluations and market pricing; developing and evaluating salaried (i.e., exempt) compensation structures; implementing a merit and bonus process; and preparing cost analyses, budgeting, and forecasting.
  • Strong Microsoft Excel, solid Word and PowerPoint skills required.

Preferred Qualifications:

  • Certified Compensation Professional (CCP) preferred.
  • Experience with designing, implementing, and administering Sales Incentive Plans preferred.
  • Executive compensation experience preferred.

DIREC05663