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Compensation director skills for your resume and career
15 compensation director skills for your resume and career
1. Human Resources
Human resources is a set of people in a business or a corporation that are designated to locate, interview, and recruit new employees into the company. They are also responsible to maintain the integrity of the employees and help them sort their problems out. They try to introduce and manage employee-benefit programs.
- Provided Human Resources leadership on multiple business transactions including: o Transition from publicly traded status to privately owned company.
- Accepted progressively more Human Resources responsibility throughout tenure until company decided to move all operations to California in 2012.
2. Healthcare
Healthcare is the maintenance or improvement of a person's health by the diagnosis and treatment of a person's injury, illness, or any other disease. Healthcare is a basic necessity of human life and is the responsibility of the country's government to ensure that each person gets healthcare. Providing healthcare is the job of certified health professionals that includes doctors, surgeons, nurses, and other physicians. Pharmaceutical companies, hospitals, dentistry, therapy, and health training all come under healthcare. Healthcare plays a vital role in the country's economy and its development.
- Supported Finance, Healthcare, International, Property Casualty and Personal Financial Securities divisions as well as corporate management.
- Prepared annual financial statements and summary plan descriptions for healthcare and retirement plans.
3. HRIS
- Lead an HRIS initiative and successfully developed and implemented a worldwide web-based, performance management tool.
- Redesigned sales incentive program and transitioned job classification and evaluation coding for new HRIS program.
4. Base Pay
Base pay is the salary paid to an employee before any other considerations like bonuses, stock, or benefits. Base pay is used to create proper compensation plans with just and market-level compensation packages employees. Government policies and salary structures must be taken into account when formulating these plans.
- Designed and implemented numerous base pay, variable pay, and executive compensation programs to maximize internal equity and external competitiveness.
- Designed and implemented new physician salary structure and special base pay adjustment program based on competitive market data.
5. Compensation Strategy
- Provided leadership in development and implementation of performance management, compensation strategy, pay-for-performance and compensation delivery redesign initiatives.
- Partnered with division and executive leaders to gain support and commitment for compensation strategy and initiatives.
6. Performance Management
- Developed and implemented total rewards and performance management strategies, policies and leadership training for this mid-sized insurance company.
- Serve as an internal consultant to management on complex matters involving organization, classification, compensation and performance management.
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Having oversight of someone means to monitor a process or a situation. If someone has oversight of something, they are responsible for the completion of the project. Oversight is usually given to experts as they monitor their juniors or newbies as they go through a project.
- Provide agency oversight of HR Generalist support for a large nonprofit organization.
- Maintain the direction and oversight of the salary administration program.
8. Global Compensation
- Created global compensation framework, providing guidance to global HR business partners on compensation related matters.
- Developed and implemented the global compensation and benefits strategy for Specialty Materials Business.
9. Compensation Policies
- Designed and implemented operational compensation policies guiding work toward market pay approach.
- Implemented compensation policies and led annual survey and job classification processes.
10. Compensation Committee
- Developed and delivered all Executive Compensation programs for executive level and prepared quarterly BOD packages for Compensation Committee on executive pay.
- Enhanced external consulting and benchmark data quality and credibility supporting annual executive salary presentations to the Board of Directors Compensation Committee.
11. Strategic Direction
- Partnered with senior management to set strategic direction and develop board materials.
- Established strategic direction for Priority Health's compensation and benefits functions.
12. Market Data
Market data is the general term used in relation to financial information required for research, analysis, trading, and accounting of financial instruments of all asset classes in global markets. Market data enables traders and investors to see the latest price and historical trends for various assets, and how to enter and exit trades.
- Designed and developed specifications and programmed a national market data system to automate the participation in and capture/analysis of market data.
- Directed the participation in and maintenance of external salary/market data to ensure company pay practices were competitive.
13. Strategic Objectives
- Develop, administer and communicate policies / programs supporting senior management's strategic objectives.
- Review recommend and implement compensation Human Resource policies consistent with the health care system's strategic objectives.
14. Market Analysis
- Provided market analysis and market adjustments for highly competitive positions, resulting in improved staffing levels.
- Conducted compensation market analysis and expanded benefits to strengthen recruitment strategy to remain competitive and effective.
15. FLSA
- Handled all compliance related responsibilities associated with ERISA, FLSA, DOL, 5500 filings and all general compliance related requirements.
- Developed company-wide career bands and slotted key positions including bonus level, salary band, FLSA status, etc.
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List of compensation director skills to add to your resume
The most important skills for a compensation director resume and required skills for a compensation director to have include:
- Human Resources
- Healthcare
- HRIS
- Base Pay
- Compensation Strategy
- Performance Management
- Oversight
- Global Compensation
- Compensation Policies
- Compensation Committee
- Strategic Direction
- Market Data
- Strategic Objectives
- Market Analysis
- FLSA
- Life Insurance
- Executive Compensation Programs
- Plan Design
- Business Objectives
- Proxy
- Compensation Function
- Sales Compensation
- Compensation Administration
- Process Improvement
- Benefit Programs
- Incentive Programs
- Develop Recommendations
- Compensation Issues
- Equity Programs
- Base Salary
- Executive Management
- Salary Structure
- Due Diligence
- Direct Reports
- Salary Administration
- Compensation Structure
- ERISA
- Recognition Programs
- Regulatory Compliance
- Shared Services
- HIPAA
- Employee Engagement
- Vendor Relationships
- Cobra
- SVP
- FMLA
- Internal Equity
- PeopleSoft
- Competitive Position
- LTI
Updated January 8, 2025
