Compensation Director is responsible for the design, implementation, and ongoing evaluation of the organization's compensation programs, including base pay, incentive pay, and performance management programs. Leads the compensation function and works with senior management to ensure that compensation strategy and programs support the organization's business objectives, meet all legal requirements, and deliver value and equitable pay. Being a Compensation Director develops compensation budget for assigned areas and manages budget after it is approved. Establishes data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Director may be responsible for entire organization or for one or more major segments of a larger organization. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Director typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Compensation Director typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Are you a Compensation leader with expertise in life sciences and driven to companies that have impact on people’s lives? Fully integrated biopharma company dedicated to patients and scientific excellence in the fight against cancer is hiring a Director of Compensation. With a business model that reflects their commitment to fighting cancer, our client insists on being nimble and flexible to change as it can be a matter of life or death for patients. If you can apply your Compensation subject matter expertise with this business model mindset versus a traditional compensation structure, let’s discuss how you can have impact.
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