Compensation Manager-Total Rewards (Project Management)
Greif offers a great working environment and the opportunity to make an immediate impact at a company where your ideas are always welcome.
Job Requisition #:
030431 Compensation Manager-Total Rewards (Open)Job Description:
Greif is a leading supplier of industrial packaging products and services, growing from its beginnings in Cleveland, Ohio, to a global footprint across more than 30 countries and 200-plus locations.
OUR VISION:
Being the best customer service company in the world.
OUR PURPOSE:
Create packaging solutions for life's essentials.
ROLE OVERVIEW:
Manages the compensation function for Greif's North American operations. The Compensation Manager plans, develops, and implements new and revised compensation programs, policies, and procedures to align with the company's goals and competitive practices. This position ensures that company compensation programs are consistently administered in compliance with internal policies and government regulations. The position is full-time and is Hybrid with flexible days in office.
Key Responsibilities:
- Leader of a team of compensation professionals, including setting performance expectations, aligning them with the overall organizational goals, providing feedback and coaching, conducting performance reviews, and recognizing and rewarding achievements.
- Develop and design compensation programs that align with the organization's overall compensation strategy and business objectives. Update salary structures and oversee compliance with incentive plans.
- Evaluate positions within the organization and determine appropriate job classifications and job levels. This may involve conducting job analyses, defining job descriptions, and evaluating internal equity and market value.
- Provide guidance to stakeholders on salary administration processes, including compensation review cycles, pay adjustments, promotions, and bonus or incentive programs. Ensure compliance with applicable laws, internal policies, and budgetary constraints.
- Develop and communicate compensation policies, guidelines, and programs to colleagues, managers, and stakeholders. This includes providing guidance on pay ranges, pay practices, and incentive plans to ensure transparency and understanding.
- Collect, analyze, and interpret compensation data to generate reports and insights on compensation trends, cost analysis, and the effectiveness of compensation programs. Provide recommendations for improvements or adjustments based on data analysis.
- Partner with HR teams, senior leaders, and managers to provide compensation-related guidance, support, and consultation. Address inquiries, resolve compensation-related issues, and provide recommendations on individual compensation matters.
- Promote fairness and equity in compensation practices by addressing pay disparities, advocating for competitive pay, and ensuring equal pay for comparable work.
- Conduct market research and analyze industry trends and compensation data to ensure the organization's compensation programs remain competitive and compliant with relevant laws and regulations. This involves utilizing compensation surveys and benchmarking data to make informed decisions.
- Stay updated on relevant employment laws, regulations, and compliance requirements related to compensation, such as equal pay laws, minimum wage regulations, and overtime rules. Ensure the organization's compensation practices adhere to these legal requirements.
- Attend meetings on video when not attending in person.
- Performs other duties as assigned.
Education and Experience:
- Bachelor's degree in Human Resources, Finance, or a related field.
- Certified Compensation Professional (CCP) or working toward certification preferred.
- 10+ years of relevant, progressive work experience in Compensation.
- Global compensation experience is a plus.
Knowledge and Skills:
- Experience guiding others, including direct reports and stakeholders.
- A deep understanding of compensation principles and practices, including job evaluation, market analysis, salary structures, and incentive programs.
- Familiarity with applicable laws and regulations related to compensation, such as the Fair Labor Standards Act (FLSA), equal pay laws, tax regulations, and compliance requirements.
- Proficiency in conducting market research and analyzing compensation data to make informed decisions regarding salary structures, pay ranges, and market competitiveness.
- Knowledge of compensation surveys and benchmarking methodologies to gather and interpret data on industry compensation trends and best practices.
- Understanding of financial concepts and the ability to analyze compensation costs, budget implications, and financial impact of compensation decisions.
- Ability to apply industry and organization-specific factors that may influence compensation strategies, such as market dynamics, talent acquisition and retention challenges, and company culture.
- Strong quantitative and analytical skills to collect, analyze, and interpret compensation data, including the ability to work with complex spreadsheets and statistical models.
- Excellent verbal and written communication skills to effectively communicate compensation programs, policies, and recommendations to diverse audiences, including colleagues, managers, and senior executives.
- Ability to identify compensation-related challenges and develop innovative solutions that align with organizational objectives and constraints.
- Thoroughness and attention to detail to ensure accuracy in compensation calculations, documentation, and compliance with legal requirements.
- Strong organizational and project management skills to handle multiple compensation initiatives simultaneously, meet deadlines, and coordinate with various stakeholders.
- Ability to collaborate effectively with HR teams, finance departments, senior leadership, and external consultants to align compensation strategies with broader organizational goals.
- Familiarity with compensation software and tools for data analysis, market research, and compensation administration. Proficiency in Microsoft Excel or Microsoft Power BI for data manipulation and modeling is essential.
- Adherence to high ethical standards and confidentiality in handling sensitive compensation information.
At Greif, your work has purpose, colleagues care about your well-being, and you have the opportunity to grow and thrive. Service and leadership are the core of everything we do. Our global presence provides us a platform to do good in the world.
Protect Yourself From Scams: We value the integrity of our recruitment process and prioritize the well-being of our candidates. While you may find Greif job postings on various platforms, all legitimate opportunities can be verified on our official Careers page at www.greif.com. All communication from Greif regarding job opportunities will also come from an @greif.com email address. If you have concerns about the legitimacy of a job posting, receive an unsolicited job offer or suspect fraudulent activity, please contact us for verification via this link Contact Us - Greif.
EEO Statement:
We offer a competitive salary, excellent benefits and opportunity for growth. Greif is an equal opportunity employer. We will not discriminate against any applicant or employee on the basis of sex, race, religion, age, national origin, color, disability, veteran status or any other any other legally protected characteristic.
For more information read Greif's Equal Opportunity Policy.
