Total Rewards Director

at  LA Family Housing Corp

WHAT YOU’RE SKILLED AT:

• Compensation and Benefits Expertise: Deep understanding of compensation and benefits principles, market analysis, and incentive program design.
• Regulatory Compliance: Knowledge of Federal and State laws and regulations related to compensation and benefits, ensuring compliance with ERISA, ACA, HIPAA, etc.
• Analytical Skills: Proficiency in data analysis, cost analysis, and budget management.
• Effective Communication: Strong skills in explaining complex concepts and developing educational materials.
• Policy Development: Experience in creating and managing compensation and benefits policies.
• Project and Process Management: Ability to manage multiple initiatives and maintain attention to detail.
• Leadership and Collaboration: Proven leadership skills, mentoring abilities, and experience in cross-functional collaboration.
• Technology Proficiency: Expertise in HRIS and other systems for compensation and benefits administration, with a focus on process improvement. UKG experience a plus.

EXPERIENCE

Required

• Management and team supervisory experience
• 7 year(s): Progressive experience in compensation and benefits management

EDUCATION

Preferred

• Bachelors or better in Human Resource Administration or related field

Compensation Management

• Develop & Implement Compensation Strategy: Create and maintain a comprehensive compensation strategy aligned with the organization’s mission and financial objectives.
• Conduct Market Analysis: Regularly benchmark compensation practices against industry standards to ensure competitive pay structures.
• Salary Structure Management: Oversee the design and administration of salary structures, including job evaluations, salary ranges, and pay adjustments.
• Compensation Compliance: Ensure all compensation practices comply with applicable laws and regulations.
• Manage Compensation Reviews: Coordinate annual compensation reviews, including COLA/merit increases, promotions, and market adjustments.
• Incentive Programs: Design and manage incentive and bonus programs to drive employee performance and retention.
• Job Descriptions: Conduct job analysis and collaborate with hiring managers to develop job descriptions

Compensation Management

• Develop & Implement Compensation Strategy: Create and maintain a comprehensive compensation strategy aligned with the organization’s mission and financial objectives.
• Conduct Market Analysis: Regularly benchmark compensation practices against industry standards to ensure competitive pay structures.
• Salary Structure Management: Oversee the design and administration of salary structures, including job evaluations, salary ranges, and pay adjustments.
• Compensation Compliance: Ensure all compensation practices comply with applicable laws and regulations.
• Manage Compensation Reviews: Coordinate annual compensation reviews, including COLA/merit increases, promotions, and market adjustments.
• Incentive Programs: Design and manage incentive and bonus programs to drive employee performance and retention.
• Job Descriptions: Conduct job analysis and collaborate with hiring managers to develop job descriptions.

Benefits Administration

• Benefit Plan Design: Oversee the development, implementation, and administration of employee benefit programs, including health, dental, vision, retirement plans, and wellness initiatives.
• Vendor Management: Manage relationships with benefit providers, ensuring the best value and service for employees and the organization.
• Open Enrollment: Lead the annual open enrollment process, including plan selection, employee communication, and system updates.
• Benefits Compliance: Ensure all benefits programs comply with ERISA, ACA, HIPAA, and other relevant regulations.
• Employee Support: Provide guidance and support to employees regarding benefits issues, claims, and plan options.

Total Rewards Strategy

• Integration of Total Rewards: Develop a holistic total rewards strategy that integrates compensation, benefits, recognition, and work-life balance programs.
• Data-Driven Decisions: Use data analytics to inform total rewards strategies and make adjustments based on organizational needs and employee feedback.
• Communicate Value Proposition: Effectively communicate the value of the total rewards package to employees to enhance understanding and appreciation. Create and distribute annual total rewards statements.

Policy Development & Administration

• Policy Development: Develop, implement, and manage policies related to compensation and benefits.
• Compliance Monitoring: Ensure all compensation and benefits policies are compliant with federal, state, and local laws.

Financial Management

• Budget Oversight: Develop and manage the compensation and benefits budget, ensuring alignment with organizational financial goals.
• Cost Analysis: Analyze the cost implications of various compensation and benefits plans to ensure financial sustainability.

Leadership & Collaboration

• Team Leadership: Lead, mentor, and develop the compensation and benefits team, providing direction and support.
• Cross-Functional Collaboration: Work closely with HR, finance, and executive leadership to align total rewards strategies with organizational goals.
• Change Management: Lead change initiatives related to compensation and benefits, ensuring smooth transitions and effective communication.

Employee Engagement & Communication

• Education & Training: Develop educational materials and training programs to help employees understand their compensation and benefits.
• Feedback Mechanisms: Implement feedback mechanisms to gauge employee satisfaction with total rewards and identify areas for improvement.

Technology & Systems Management

• Systems Oversight: Oversee HRIS module and other technology systems used for compensation and benefits administration.
• Process Improvements: Identify and implement process improvements to enhance efficiency and accuracy in compensation and benefits administration.

Reporting & Analysis

• Regular Reporting: Provide regular reports and analysis to executive leadership on total rewards metrics and trends.
• Benchmarking: Conduct periodic reviews of compensation and benefits to benchmark against industry standards and make recommendations for adjustments.