Compensation Manager

Vaco Recruiter Services; Louisville; On-site; CAD 70,000 - 110,000; Full time

Job summary

An innovative company is seeking a strategic HR Compensation Manager to lead the development and administration of competitive compensation programs. This pivotal role involves designing compensation structures, conducting market analyses, and ensuring compliance with compensation laws. The ideal candidate will collaborate with HR and leadership to guide compensation decisions, manage the annual review process, and prepare insightful reports for senior management. Join a forward-thinking organization dedicated to attracting and retaining top talent through equitable and motivating compensation practices.

Qualifications

• Strong analytical skills to evaluate compensation structures and market trends.
• Experience in designing and managing compensation programs.

Responsibilities

• Design and implement compensation structures and incentive plans.
• Conduct market analysis to benchmark salaries and recommend adjustments.
• Lead the annual compensation review process including merit increases.

Skills

Compensation Analysis

Market Benchmarking

Job Evaluation

Compliance Knowledge

Strategic Planning

Education

Bachelor's Degree in Human Resources or related field

Certification in Compensation Management (CCP)

Job description

Vaco has partnered with a company looking for an HR Compensation Manager to join their team!

Job Summary:

We are seeking a strategic and analytical HR Compensation Manager to lead the planning, development, implementation, and administration of compensation programs that attract, retain, and motivate top talent. This role is responsible for ensuring our compensation practices are competitive, equitable, and aligned with the organization's goals and compliance standards.

Key Responsibilities:

• Design, implement, and manage compensation structures including base pay, incentive plans, and bonus programs.

• Conduct market analysis to benchmark salaries, evaluate internal equity, and recommend compensation adjustments.

• Partner with HR business partners and leadership to provide guidance on compensation decisions, job offers, promotions, and salary adjustments.

• Lead the annual compensation review process including merit increases, bonus planning, and budget forecasting.

• Evaluate job descriptions and perform job evaluations to determine appropriate salary grades and classifications.

• Ensure compliance with federal, state, and local compensation laws and regulations (e.g., FLSA, pay equity laws).

• Develop compensation-related communication and training materials for managers and HR team members.

• Collaborate with finance and other departments to align compensation strategies with business objectives.

• Oversee compensation surveys, analyze data trends, and prepare reports and presentations for senior leadership.

• Manage or assist with executive compensation programs and long-term incentive plans (if applicable).