Compensation & Benefits Manager

About the role

Fesslerbowman is seeking a skilled Compensation & Benefits Manager to join our team in Holly, Michigan. This full-time position is crucial for developing and managing our compensation and benefits programs to attract and retain top talent. The ideal candidate will have a strong background in compensation analysis, benefits administration, and compliance with labor laws, ensuring that our offerings are competitive and aligned with industry standards.

Key facts

What you'll do

• Design, implement, and manage comprehensive compensation structures that align with the company's strategic goals and market trends.
• Conduct regular market analysis to ensure our salary ranges and benefits packages remain competitive within the industry.
• Collaborate with HR and leadership to develop and refine job descriptions, ensuring accurate classification and compensation levels.
• Oversee the administration of employee benefits programs, including health insurance, retirement plans, and wellness initiatives, ensuring compliance with all regulations.
• Develop and maintain metrics and reporting systems to track the effectiveness of compensation and benefits programs, making recommendations for improvements as needed.
• Serve as the primary point of contact for employee inquiries regarding compensation and benefits, providing guidance and support to enhance employee understanding and satisfaction.
• Lead the annual compensation review process, including salary adjustments and bonus allocations, ensuring fairness and transparency.
• Stay updated on federal, state, and local labor laws and regulations to ensure compliance in all compensation and benefits practices.
• Partner with external vendors and consultants to evaluate and enhance our benefits offerings, ensuring they meet the needs of our diverse workforce.
• Prepare and present reports to senior management regarding compensation trends, benefits utilization, and recommendations for strategic adjustments.
• Facilitate training sessions for HR staff and managers on compensation policies and benefits administration, promoting best practices throughout the organization.
• Participate in special projects related to compensation and benefits, contributing to the overall HR strategy and organizational development initiatives.

Requirements

• A bachelor's degree in Human Resources, Business Administration, or a related field is required; a master's degree or relevant certification (e.g., CCP, CBP) is preferred.
• A minimum of 5 years of experience in compensation and benefits management, with a proven track record of developing and implementing effective programs.
• Strong knowledge of compensation analysis techniques, benefits administration, and labor laws, including FLSA, ERISA, and ACA compliance.
• Excellent analytical skills with the ability to interpret data and make informed decisions based on findings.
• Exceptional communication and interpersonal skills, capable of building relationships across all levels of the organization.
• Proficiency in HRIS systems and compensation management software, with advanced Excel skills for data analysis and reporting.
• Strong project management skills, with the ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Nice to have

• Experience in a manufacturing or industrial environment is a plus, providing insight into industry-specific compensation practices.
• Familiarity with global compensation and benefits practices, particularly if the company has international operations or employees.
• Previous experience with employee engagement initiatives related to compensation and benefits, contributing to a positive workplace culture.
• Knowledge of emerging trends in employee benefits, such as flexible work arrangements and mental health support programs.

Skills & tools

• Proficient in Microsoft Office Suite, particularly Excel and PowerPoint, for data analysis and presentation.
• Experience with HRIS platforms such as Workday, ADP, or similar systems for managing employee data and benefits administration.
• Strong understanding of compensation benchmarking tools and methodologies to ensure competitive pay structures.
• Familiarity with compliance software to assist in maintaining adherence to labor laws and regulations.

Practical notes

• This position is based in Holly, Michigan, and may require occasional travel for training or conferences.
• The salary for this role will be competitive and commensurate with experience, with a comprehensive benefits package that includes health insurance, retirement plans, and paid time off.
• Candidates must be eligible to work in the United States; visa sponsorship is not available for this position.

If you are a dedicated professional with a passion for compensation and benefits management, we encourage you to apply for this at Fesslerbowman. Join us in shaping a rewarding workplace that values its employees and fosters growth and development.