As a Compensation Manager you will support, provide input to, implement, and administer HOOPP’s compensation programs. You will research, develop, and recommend enhancements to compensation policies and practices that support the growth of the organization. In this role you will partner with other HR professionals to support the business in achieving divisional
objectives by providing sound and relevant compensation advice and recommendations to attract and retain key talent. This role reports to the VP, Total Rewards.
What you will do:
Compensation Program Design & Management
Ensure compensation programs are fair, competitive, and legally compliant
Implement, administer, and communicate short- and long-term incentive compensation plans to employees
Responsible for the rollout and communication of incentive plan objectives and targets to employees via grants and notices.
Administer the annual salary review process for all employees, as well as pay mix, retention and bonus programs
Partner with HOOPP’s internal communications team to review and update salary review and incentive communication materials
Ensure administration of compensation programs is aligned with HOOPP’s policies and guidelines
Prepare complex analyses to support/recommend program changes, report compliance and support pay decisions
Lead the annual budgeting process and forecasting analyses on a quarterly basis. Partner with other areas of HR to ensure employee data is current and relevant
Work with external consultants to provide compensation design, market data, and legal advice, and ensure results are tailored to HOOPP’s needs
Lead the design and maintenance of HR policies and procedures related to compensation
Consult with and provide recommendations to HR partners and divisional leaders on topics such as pay decisions, policy and guideline interpretation, and design of creative compensation program solutions to support divisional objectives
Prepare and present analyses, recommendations, and presentations to senior leaders and Executives, as required
Support HR Partners with salary recommendations and incentive calculations for current employees and new hires
Job evaluation and market data
Evaluate jobs using approved methodology, collaborating with HR partners to ensure roles are valued fairly across HOOPP, with the aim of supporting leaders in executing strategy through a functional organization design
Prepare pay recommendations based on job and organization design, market data, and internal equity
Recommend salary increase budgets and changes to ranges
Stay current on trends in compensation related to laws, market practice, and governance issues
Annual Year-end Compensation Process
Lead the annual year-end compensation process
Responsible for the technology platforms used to deliver the annual incentive award and salary review programs, including contributing to requirements, developing and prioritizing improvements, coordinating with IT, and testing and approving system changes
Partner with internal HR partners to ensure HOOPP’s human capital management system supports compensation-related activities
Develop and roll out the communication strategy, timelines and materials to senior management, HR colleagues and all other employees
Develop and facilitate compensation education and training programs
Prepare analysis, recommendations, and related materials to support CEO and Executive team compensation
Partner with HR Business Partners in the rollout of year-end related activities
Lead the preparation of audit materials for external auditors, including reconciliations
Research and Market Research
Work with other members of the Total Rewards team to ensure HOOPP’s compensation policies are compliant with government regulations
Maintain a pulse on industry and market intelligence for compensation trends
Develop and maintain a professional relationship with peer pension plans regarding human resources issues and compensation
Develop complex analyses of HOOPP’s pay position relative to the market
Recommend changes to salary structures and position movements to maintain HOOPP’s desired pay position relative to the market
Recommend annual salary increase budget
Board and Committee Reporting
Supports the preparation of compensation-related Board and Committee materials
What you bring:
Bachelor's degree in Human Resources Management, Business Administration, or a related field.
CCP or SHRM certification preferred
7 – 10 years relevant experience in compensation
Extensive knowledge of compensation programs, policies, procedures, and applicable legislation.
Excellent qualitative and quantitative analytic and problem-solving skills
Excellent computer skills including with advanced MS Office
Experience managing compensation in a Human Capital Management (HCM) System
Strong analytical, problem-solving, and decision-making skills.
Business acumen, collaboration, and client-focused mentality to develop and strengthen business relationships
Superior written and verbal communication skills
Significant judgement and maturity in dealing with highly sensitive and confidential information
Superior project management skills including the ability to manage complex processes in a diplomatic and professional manner