Job Summary                         

 

Administers compensation programs and activities while ensuring internal equity and external competitiveness.  Monitor and maintain compliance with all legal and regulatory aspects of the compensation function and with organizational policies and practices. Responsible for the annual salary administration and performance management process.  Collaborates across the company and with Leadership to provide consultative and analytical support. 

Conducts daily work in compliance with Colonial’s safety policies and procedures. Demonstrates Colonial’s core values of Safety, Personal Integrity, Respect, Innovation and Teamwork in completing work assignments.  

Essential Functions and Responsibilities

 

• Provides guidance and consultation to HR Managers and management on compensation related matters to ensure consistent and equitable salary administration practices

• Reviews and aligns compensation programs and policies (including base pay, market premium, rewards/recognition programs, etc.) to meet business objectives 

• Reviews and approves all job descriptions for content and consistency.  May lead initiatives for job description audits 

• Leads the annual administration process for merit &incentive programs; manages annual compensation planning processes, including salary structure updates, geographic pay analysis, merit increase budget, incentive awards, creates project plan and employee/manager education/communications 

• Prepares analysis and makes recommendations for annual merit pool, Short Term Incentive (STI), salary structure management, geographic differentials and other compensation changes. 

• Assist with the preparation of annual executive compensation review.  Provide executive compensation analysis 

• Leads annual benchmark review and participates in salary surveys.  Performs comprehensive annual competitive analysis and modeling for all company benchmark jobs utilizing compensation management software 

• Conducts market research and analysis to assess competiveness of compensation programs. Makes recommendations to ensure alignment with business philosophy and market placement 

• Ensures integrity of position related data and compliance with state and federal laws. 

• Manages the annual cycle of the Performance Management process  

 

Job Requirements

 

Minimum Required 

Bachelor’s degree in a related field

Minimum 6-8 year experience in the development and administration of compensation programs and supporting policies

 

Preferred

CCP certification

 

Knowledge Skills & Abilities

 

Knowledge 

Experience in job analysis, job evaluation and market analysis required

Experience with financial budget analysis, reconciliations & forecasting preferred.

 

Skills 

Strong project management and analytical skills.

Advanced skills/system knowledge in MS Office, Excel, Workday, Comp Analyst

 

Abilities 

Able to build partnerships to establish consultative, collaborative relationships with management and HR Managers to ensure alignment of compensation philosophy and regulations.

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