Manages the Compensation and Benefit functions for Piper benefit plans to include the designs for the implementation of compensation programs for ensuring consistent applications of compensation philosophy and practices in compensation administration aligned company-wide. Maintains current knowledge of wage and hour laws, coordinates with legal services needed to ensure compliance with regulatory requirements. Prepare analysis of internal wage data to ensure consistent and equitable administration of our salary program. Participate in compensation surveys and prepare analysts of results. Additional responsibilities include job benchmarking and FLSA evaluations, serving as a lead resource during the annual focal review process, administration of the annual bonus programs, formulating sales compensation programs and participating in compensation surveys.
Develops and implements new and revised compensation and benefit programs, policies, procedures, in order to be responsive to the company's goals and industry competitive practices. Calculate monthly premiums for employee benefit plans and provide assistance in the implementation and monitoring of plans. Assures thorough audits, reports and personal contact that company compensation programs are consistently administered in compliance with company policies and government regulations.
Required Skills
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Strong analytic ability and advanced skills with analytic tools, especially MS Excel; proficiency with formula-based functions such as v-lookups, data manipulation and pivot tables.
- Able to both easily deal with change in a dynamic, fast paced growth environment and balance day-to-day obligations versus larger-scale project work.
- Able to maintain focus on data accuracy and detail orientation.
- Able to at all times maintain the utmost vigilance in the protection of confidential data and sensitive information.
COMPENSATION:
- Defines job descriptions as needed and evaluates all levels of positions within the company.
- Prepares cost benefit analyses for salary program changes and enhancements.
- Generates ad hoc analyses for internal use and management review, as needed.
- Work with total rewards both independently and with the HR team.
- Assist with complex market data analyses to ensure annual salary ranges are competitively developed and maintained. Maintains compensation base.
- Partner with HR Manager and line management to provide consulting and guidance. Provide training on pay practices and programs.
- Monitors the effectiveness of existing compensation/benefit policies, guidelines and procedures. Recommending plan revisions as well as new plans with are cost effective and consistent with compensation trends and objectives; coordinates implementation and provides guidance to management and staff.
- Provides advice to executive leadership on pay decisions, policy and guideline interpretations and job evaluations including the design of creative solutions to specific compensation/benefit-related programs.
- Manages the administration of direct compensation/benefits (executives, exempt and nonexempt) for Piper employees including the processing, recording and reporting of compensation-related actions.
- Develops techniques for compiling, preparing and presenting data via wage scale by job type.
- Manages the participation in and conducts both exempt and nonexempt salary and benefit surveys to ensure corporate total compensation objectives are achieved.
- Perform evaluations of new and existing jobs to determine market compensation, internal equity, and eligibility for incentive plans.
- Participate in developing tools for and contributing to the annual compensation planning cycle.
- Actively administer cash bonus and equity programs to ensure data accuracy of models and alignment to eligibility policies.
- Participate in salary surveys; gather accurate compensation data elements, ensure job comparability.
- Keeps apprised of federal, state and local compensation laws and regulations in order to ensure company compliance.
BENEFITS:
- Works closely with and through brokers and third party administrations to assure that HR maintains efficient, effective total compensation and benefit programs.
- Discuss, review and communicate to EEs the current benefits and changes to benefits plans.
- Review market current plans and carrier bids from broker.
- Coordinate and conduct annual open enrollment meetings.
- Manage monthly wellness initiatives to inform and increase participation.
- Manage quarterly 401(K) meetings to inform and increase participation.
- Provide assistance to employees for company benefits such as; insurance plans and Trustmark products.
- Coordinate the company's compliance activities for leaves; Family Medical Leave ACT (FMLA) leaves, Military Leaves, Personal Leaves, Short Term Disability (STD) benefits, Long Term Disability (LTD) benefits, American Disability Acts (ADA) benefits.
- Perform other duties as required.
Required Experience
Minimum of 3 - 5 years compensation-related experience and/or data analysis proficiency required. Certified Compensation Professional (CPP), Certified Benefits Professional (CBP), and/or Certified Employee Benefits Specialist (CEBS) designation preferred.
Bachelor’s Degree (BS) and 3 - 5 years of related experience and training / equivalent combination of education and experience. Required computer experience includes intermediate knowledge of Microsoft Office software programs.