Compensation and Benefits Manager jobs in Arlington Heights, IL

Compensation and Benefits Manager manages the design, implementation, administration, communication, and ongoing evaluation of the organization's compensation and benefits programs, policies, and procedures. Ensures that compensation and benefits programs support the organization's business objectives and meet all legal requirements. Being a Compensation and Benefits Manager develops and manages compensation and benefits budgets. Oversees compensation processes, including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis. Additionally, Compensation and Benefits Manager manages benefits planning and programs including health and welfare, retirement, and work life. May select and manage outsourced providers. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Compensation and Benefits 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 and Benefits 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 & Benefits Manager
  • Viskase Brand
  • Lombard, IL FULL_TIME
  • Overview

    The Global Compensation and Benefits Manager oversees the global compensation function and manages U.S. employee health, welfare, and retirement benefit programs at Viskase. This position requires experience in global compensation and U.S. benefits programs and compliance across various locations while effectively communicating and implementing initiatives to support employee well-being and company objectives. Successful candidate will have direct responsibly and oversight of global compensation programs such as incentive and merit planning and will ensure that such programs are administered in compliance with relevant country practices and applicable laws.

    Key Responsibilities:

    Global Compensation Management:

    • Evaluates global salary budgets, develop merit pool recommendations, and manage annual merit increase reviews for participating countries.
    • Administer global short-term incentive programs, prepare incentive plan cost projections based on financial results, and provide recommendations for senior management review.
    • Conduct job evaluations and compensation benchmarking, assess job classifications under FLSA, and analyze hourly employee pay structures for competitiveness.
    • Develops guidelines/procedures/communications for Global Performance Management Process and ensures promotions and or recruitment requisitions are approved in accordance with company guidelines.

    Budget Planning and Merit Increase Management:

    • Evaluates global salary budget data, economic conditions, and minimum wage changes to develop preliminary merit budget pool recommendations for Viskase's annual budget planning.
    • Assist with managing the annual global merit increase review process, create country merit matrix recommendations based on performance ratings and budget, and prepare communications for global managers.
    • Interpretation and preparation of market data/cost analysis for hourly employees pay in anticipation of rate structure review or union negotiations in US and abroad.

    Benefits Program Management:

    • Administer and optimize U.S. Viskase Benefits programs, ensuring compliance with regulations and conducting necessary audits.
    • Spearhead the annual Open Enrollment process for Health, Dental, Vision, and Life Insurance plans, ensuring clarity and efficacy.
    • Limited oversight and tracking of non -U.S. benefit programs.

    Well-being Oversight:

    • Provide corporate-wide guidance on FMLA/ADA, ensuring adherence to U.S. regulations.
    • Proactively evaluate and resolve issues pertaining to short-term disability (STD) for employees.

    Plan Administration:

    • Oversee and monitor the active 401(k) retirement plan and legacy defined benefit pension plan, ensuring their regulatory compliance.
    • Guide the management of the frozen pension plan in collaboration with the plan vendor, optimizing its administration.

    Compliance and Reporting:

    • Initiate and oversee ACA reporting, 5500 filings, and other essential governmental filings for regulatory compliance.
    • Contribute to annual financial audits of retirement plans, ensuring accuracy and compliance.

    Communication and Program Development:

    • Develop communication campaigns, annual open enrollment materials, and wellness programs to support employee well-being and benefits plans.
    • Analyze benefit utilization, recommend changes, and manage vendor interactions for effective benefits administration.

    Compliance and Analysis:

    • Maintain compliance with federal and state laws regarding benefits and compensation, including pay transparency and data privacy requirements in various countries.
    • Conduct cost analysis, evaluate legislative impacts, and collaborate on compensation and benefits policy interpretation and implementation.

    Qualifications:

    • Bachelor’s Degree in Human Resources, Business Management, or a related field.
    • CEBS designation (preferred); Certified Compensation Professional (CCP) preferred.
    • Minimum 5 - 7 years in compensation plus 3 years in benefit administration with a focus on managing defined benefit plans. Experience in global compensation management is preferred.  We are willing to train the ideal candidate in benefits with at least 1 year of benefits experience
    • Proficiency in HRIS systems (required) with UKG experience a plus.
    • Thorough understanding of state and federal regulations related to benefit plans (ERISA, FMLA, ADA, COBRA, ACA, etc.), FLSA, and global employment practices.
    • Strong planning, organizational, analytical, and prioritization abilities.
    • Excellent verbal and written communication skills, with the capability to engage stakeholders at all levels.

    Thank you for your interest and consideration of a career with Viskase!

    www.viskase.com

    About Us

    Viskase is a global powerhouse in the food packaging industry, renowned for delivering top-tier artificial casings and a comprehensive range of casings and nettings. With a remarkable legacy spanning over a century, Viskase has consistently revolutionized the meat processing sector. Notably, the company is responsible for manufacturing 30% of the world's hot dog casings, underscoring its dominant position in this market. What sets Viskase apart is its extensive global presence, boasting 11 manufacturing facilities and 9 sales offices strategically located in the United States, Canada, Mexico, Germany, France, Italy, Brazil, Poland, and the Philippines.

    Viskase Companies Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

  • 5 Days Ago

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Benefits and Compensation Manager - Clare Holdings
  • Clare Holdings, LLC
  • North Aurora, IL FULL_TIME
  • Euclid Beverage, LLC is the largest Molson Coors distributor in Illinois. We currently distribute brands from over 65 domestic, craft, and import suppliers of beer, wine, and spirits. Our two state-of...
  • 11 Days Ago

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Benefits and Compensation Manager - Clare Holdings
  • EUCLIDBEVERAGE
  • North Aurora, IL FULL_TIME
  • Job Summary:The Benefits and Compensation Manager will oversee and supervise the organization’s benefits and compensation functions. This position is responsible for Clare Holdings’ total rewards prog...
  • 14 Days Ago

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Benefits and Compensation Manager - Clare Holdings
  • clareholdings
  • North Aurora, IL FULL_TIME
  • Job Summary:The Benefits and Compensation Manager will oversee and supervise the organization’s benefits and compensation functions. This position is responsible for Clare Holdings’ total rewards prog...
  • 14 Days Ago

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Connectional Relations Manager
  • Wespath Benefits and Investments
  • Glenview, IL FULL_TIME
  • Location: 1901 Chestnut Ave Glenview, Illinois, 60025 United States Category: Church Relations Date Needed by: 6/1/2023 Primary Duties and Responsibilities: Wespath Benefits and Investments, recognize...
  • 9 Days Ago

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Compensation & Benefits Administrator
  • DQS Inc.
  • Schaumburg, IL FULL_TIME
  • We are seeking a highly organized and detail-oriented Compensation & Benefits Administrator to join our team at DQS. As a vital member of our Human Resources department, the Compensation & Benefits Ad...
  • 3 Days Ago

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0 Compensation and Benefits Manager jobs found in Arlington Heights, IL area

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Senior Manager, Payroll
  • BAXTER
  • Deerfield, IL
  • Vantive: A New Company Built On Our Legacy Baxter is on a journey to separate our ~$5B Kidney Care segment into a standa...
  • 3/28/2024 12:00:00 AM

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International Senior Benefit Analyst-Remote
  • Arthur J Gallagher & Co.
  • Mount Prospect, IL
  • Discover a world of endless possibilities at Gallagher Benefit Services, where you'll have the power to shape the future...
  • 3/27/2024 12:00:00 AM

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Global Compensation Manager
  • CRG Search
  • Lincolnshire, IL
  • Client Our client is a spin-off of, and subsequent new venture, from a 100-year-old, high-growth, extremely profitable, ...
  • 3/27/2024 12:00:00 AM

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Regional Human Resources Manager
  • CEVA Logistics
  • Des Plaines, IL
  • YOUR ROLE Oversees all aspects of Human Resources Management for the assigned business unit(s) including policies and pr...
  • 3/26/2024 12:00:00 AM

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Head of Human Resources
  • ACTS-Aviation Security
  • Des Plaines, IL
  • Join a Global Leader in the Airline and Airport Services Industry! Medical, dental & vision insurance available! 401K wi...
  • 3/25/2024 12:00:00 AM

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Recruiter-26436
  • Harvard Maintenance, Inc
  • Elk Grove Village, IL
  • Position Objective: Company Overview: The Harvard Companies include entities working to serve the business community in ...
  • 3/25/2024 12:00:00 AM

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Recruiter - Entry Level Sales
  • RHM Staffing Solutions
  • Northbrook, IL
  • RHM Staffing Solutions For years RHM Staffing Solutions has been providing the highest quality technical professionals t...
  • 3/25/2024 12:00:00 AM

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Compensation Benefits Manager
  • Saint Anthony Hospital
  • Chicago, IL
  • Saint Anthony Hospital is a diverse and community-centric organization your career can thrive in, while addressing the h...
  • 3/24/2024 12:00:00 AM

Arlington Heights is a village in Cook County in the U.S. state of Illinois. A suburb of Chicago, it lies about 25 miles (40 km) northwest of the city's downtown. The population was 75,101 at the 2010 census. It is the most populous community in the United States that is incorporated as a "village", although it is not far ahead of its nearby Illinois neighboring villages of Schaumburg and adjacent Palatine. Arlington Heights is known for Arlington Park Race Track, home of the Arlington Million, a Breeders' Cup qualifying event; it also hosted the Breeders' Cup World Thoroughbred Championships...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compensation and Benefits Manager jobs
$132,213 to $171,877
Arlington Heights, Illinois area prices
were up 0.8% from a year ago

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