Compensation Manager jobs in Hawaii

Compensation Manager leads the development, implementation, and administration of compensation programs, policies, and procedures. Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other associated initiatives. Being a Compensation Manager ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. Directs data collection and analysis processes for market, pay equity, and other compensation studies. Additionally, Compensation Manager requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to a head of a unit/department. The Compensation Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Compensation Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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Compensation Manager
  • American Savings Bank
  • Honolulu, HI FULL_TIME

  • Primary Purpose of Job

    Manages the development, delivery, and administration of the Bank’s compensation programs (includes but not limited to base, bonus, commission, sales incentives).  Serves as a compensation subject matter expert in the design and delivery of competitive compensation initiatives to drive high performance, attract and retain top talent. 

     

    Major Job Accountabilities

    • Collaborates with the Director of HR & Organizational Development on compensation strategies, policies, and processes ensuring it aligns with bank strategic goals.
    • Devises creative solutions and approaches to compensation that enable ASB to meet the demands of a competitive marketplace while ensuring fair pay.
    • Designs and manages compensation programs and structures, including[AC1]  base salary, bonuses, long-term incentives, equity plans, and retirement benefits to ensure internal equity and external competitiveness.
    • Evaluates and analyzes compensation data to identify trends, assess effectiveness, and make data-driven recommendations for program enhancements.
    • Owns the process of job evaluation and classification to ensure accurate job descriptions, appropriate job leveling, and consistent pay structures across the organization.
    • Manages the annual compensation review process, including salary adjustments and bonus calculations.  
    • Partners with HR Business Partners, the Talent Acquisition team, and hiring managers to develop and review job offers and promotions ensuring competitive and equitable compensation.
    • Stays updated on market trends, industry best practices, and regulatory changes in executive compensation to ensure our programs remain competitive and compliant.
    • Brings an awareness of “skills of the future” and thoughtfully align our compensation programs to evolve in key areas identified.
    • Ensures compensation programs support a pay-for-performance culture and fair, inclusive workplace.  
    • Provide guidance and training to managers and employees on compensation programs and performance management processes, linking pay to performance effectively
    • Oversee relationship with external vendors to support compensation initiatives effectively.


    Experience Required

    • Minimum of five (5) years of experience in compensation management, with a focus on designing and implementing compensation programs.
    • Minimum of five (5) years of Leadership or Management experience.

     

    Required Skills or Training

    • Expert knowledge of compensation principles, practices, and regulations, including experience with job evaluation methodologies, salary structures, equity programs, compensation software/tools, incentive plans and retirement benefits.
    • Proficient in market benchmarking and conducting compensation surveys.
    • Analytical mindset with the ability to analyze complex compensation data and provide meaningful insights and recommendations.
    • Advanced proficiency with Microsoft applications specifically Excel for data analysis.
    • Detail-oriented with excellent organizational and project management skills.
    • Excellent communication and presentation skills, with the ability to effectively communicate compensation concepts to diverse stakeholders.
    • Continuous learner and willingness to stay updated and adapt to changing circumstances and best practices is crucial for success in this role.
    • High ethical standards and the ability to handle confidential and sensitive information with integrity, discretion, and exercise good judgment.

     

    EOE, including disability/veterans

     

    At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers. If you need assistance searching for a job or submitting an application, please contact us by calling 808-538-2000 and a member of our Recruitment team will follow up with you. Mahalo for your interest in American Savings Bank!


  • 15 Days Ago

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PERSONNEL PROGRAM MANAGER (WORKERS' COMPENSATION) - DOWNTOWN, OAHU
  • State of Hawai'i
  • Island, HI OTHER
  • Recruitment Number 23-0068 - The current vacancy is with the Department of Human Resources Development, Employee Claims Division.SALARY: $8,825 to $14,118 per month (EM-05, Minimum to Maximum).Note: H...
  • 1 Day Ago

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Compensation specialist
  • State of Hawaii
  • Hilo, HI FULL_TIME
  • Salary : See Position Description Location : Island of Oahu Job Type : Various Job Number : 24-026 Department : (NCS) LABOR & INDUSTRIAL RELATIONS Opening Date : 09 / 25 / 2023 Closing Date : Continuo...
  • 21 Days Ago

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Associate Director, Compensation and Benefits
  • Hawaii Pacific University
  • Honolulu, HI FULL_TIME
  • JOB Job Summary: The Associate Director of Compensation & Benefits is responsible for the management and oversight of Hawaii Pacific University’s retirement, health and welfare benefit programs, compe...
  • 1 Day Ago

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Compensation and Payroll Specialist
  • Robert Half
  • Honolulu, HI PER_DIEM
  • A Compensation and Payroll Specialist position has opened up with a client of Robert Half in the High Tech - Electronics industry. The Compensation and Payroll Specialist ensures payroll production fo...
  • 10 Days Ago

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Finance & Compensation Analyst
  • Hawaiian Telcom Inc
  • Honolulu, HI FULL_TIME
  • Job Purpose: This position is responsible for providing key financial analysis, cost analysis, budgeting/planning, forecasting, and ad hoc special projects, including business case development for ope...
  • 16 Days Ago

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Network Compensation Manager
  • The University of Vermont Health Network
  • Burlington, VT
  • JOB DESCRIPTION: The Network Compensation Manager is responsible for the management of Compensation at the University of...
  • 3/28/2024 12:00:00 AM

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Compensation Manager
  • LHH
  • Chicago, IL
  • Position: Compensation and Analytics Manager Location: Chicago, IL Company Overview: We have partnered with a leading la...
  • 3/28/2024 12:00:00 AM

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Compensation Manager
  • The Judge Group
  • Detroit, MI
  • Our manufacturing client is seeking a Compensation Manager as they continue to grow by leaps and bounds! This is a HYBRI...
  • 3/28/2024 12:00:00 AM

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Compensation Manager
  • The Judge Group
  • Birmingham, AL
  • Our manufacturing client is seeking a Compensation Manager as they continue to grow by leaps and bounds! This is a HYBRI...
  • 3/28/2024 12:00:00 AM

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Compensation Manager
  • The Judge Group
  • Pittsburgh, PA
  • Our manufacturing client is seeking a Compensation Manager as they continue to grow by leaps and bounds! This is a HYBRI...
  • 3/28/2024 12:00:00 AM

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Compensation Manager
  • Planet Professional
  • Rockland, MA
  • ***Local candidates only, this is on-site 3 days per week in Rockland, MA*** Compensation Manager Perm/Direct Hire Requi...
  • 3/27/2024 12:00:00 AM

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Compensation Manager
  • Planet Professional
  • Norwell, MA
  • Compensation Manager Hybrid. 3 days onsite South Shore, MA Required: Experience using Payfactors or another market prici...
  • 3/27/2024 12:00:00 AM

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Compensation Manager
  • Hearst
  • Charlotte, NC
  • Job Description Hearst Television is seeking a qualified Compensation Manager. The position is located in Charlotte, Nor...
  • 3/25/2024 12:00:00 AM

Hawaii (/həˈwaɪi/ (listen) hə-WY-ee; Hawaiian: Hawaiʻi [həˈvɐjʔi]) is the 50th and most recent state to have joined the United States, having received statehood on August 21, 1959. Hawaii is the only U.S. state located in Oceania, the only U.S. state located outside North America, and the only one composed entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean. The state encompasses nearly the entire volcanic Hawaiian archipelago, which comprises hundreds of islands spread over 1,500 miles (2,400 km). At the southea...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compensation Manager jobs
$139,186 to $185,677

Compensation Manager in Honolulu, HI
This includes supporting the development, implementation, communication and administration of innovative compensation programs and policies.
January 27, 2020
Compensation Manager in Lowell, MA
Accountable for the support and administration of executive compensation programs and base pay management for approximately 550 corporate employees.
February 05, 2020
Some compensation managers have a master degree in human resources or compensation management.
February 19, 2020
Compensation Manager in San Antonio, TX
A good compensation manager develops salary and benefits packages that will draw the best applicants to available positions.
February 16, 2020