Wake Forest University Jobs

Wake Forest University

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Winston-Salem, NC, USA

5 Star Employer Ranking

"Executive Director of Compensation and Benefits, Human Resources"

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Executive Director of Compensation and Benefits, Human Resources

Job Description Summary

The Executive Director of Compensation and Benefits leads the evaluation, development, communication, implementation, and maintenance of a comprehensive and competitive total rewards strategy for faculty, staff, and retirees. This role is also responsible for ensuring compensation and benefits programs align with organizational goals while providing strategic guidance, fostering collaboration, and maintaining key campus relationships, including, but not limited to, Executive Leadership, Institutional Talent Partners, Senior Budget Administrators, Fringe Benefits Advisory Committee, and Retirement Plan Committee. This position reports to the VP/CHRO and directly supervises the Director of Compensation and the Director of Benefits.

Essential Functions

Compensation

  • In partnership with VP/CHRO, plans and leads the annual Executive Compensation process.
  • Accountable for the implementation of a market pay structure.
  • Collaborates with the budget office and assists leaders in addressing compensation challenges.
  • Responsible for clear, accurate, and updated compensation policies/procedures.

Benefits

  • Lead the annual benefits evaluation process in partnership with the Fringe Benefits Advisory Committee, Human Resources, and Benefits Consultant...
  • Evaluate and make recommendations on the effectiveness, cost, trends, and competitiveness for the University’s benefit programs...
  • Lead the University’s retirement plan program...
  • Responsible for the overall Fringe Budget.

Compensation, Benefits, and Absence

  • Ensure compliance with all governmental regulations...
  • Implement, lead, and maintain an out-of-state compliance program...
  • Responsible for evaluating and maintaining relationships with third-party administrators...
  • Accountable for the execution of new and existing compensation... contracts...
  • Resolve and communicate final compensation and benefits determination(s)...
  • Oversee the development, evaluation, revision, and communication of new and/or current policies...
  • Research and maintain best practices...
  • Within our Workday ERP environment...
  • Partner with HR colleagues...
  • Provide leadership and coaching to the Compensation and Benefits/Absence team members...
  • Establish and maintain strong relationships with Institutional Talent Partners...
  • Provide strategic leadership as part of the Human Resources leadership team.
  • Stay current on compensation, benefits, and wellness trends...

Other Functions

  • Performs other related duties as assigned.
  • Collaborates with the AVP for Employer Experience to manage relationships with vendors...

Required Education, Knowledge, Skills, Abilities

  • Bachelor's degree in Human Resources Management, Business Administration, or a related discipline, plus eight years of combined experience in compensation, benefits, and wellness, with at least five years in a supervisory role.
  • Knowledge of organizational structure, workflow, and operating procedures.
  • Skill in developing, managing, and implementing new strategies, procedures, and large-scale projects.
  • Ability to apply principles of logical thinking...
  • Strong interpersonal and communication skills...
  • Ability to foster a cooperative environment.
  • Ability to supervise, lead, and train staff.
  • Proficiency in annual financial/budget processes.
  • Knowledge of federal and state employment laws...
  • Current knowledge of benefit programs...
  • Skill in developing and implementing salary administration plans...
  • Ability to analyze problems...
  • Proficiency in using the Microsoft Office Suite and/or Google Workspace
  • Ability to format data...
  • Strong analytical and critical thinking skills...
  • Experience with HRIS (Oracle, Workday, Banner, or a related system)...

Preferred Education, Knowledge, Skills, Abilities

  • Relevant Master's degree.
  • CCP/CBP/CEBS/GBA/SPHR/PHR/CTRP or other related certification.
  • Higher education experience.
  • Experience in executive compensation.
  • Workday experience.

Physical Requirements

Sedentary work. Talking, hearing, and repetitive motions. Close visual acuity. Subject to inside environmental conditions. Not substantially exposed to adverse environmental conditions.

Accountabilities

  • Budgetary responsibilities, including fringe benefits budget.
  • Responsible for Compensation and Benefits programs and directly manages the Director of Compensation and the Director of Benefits.

Time Type Requirement: Full time

Note to Applicant: This position profile identifies the key responsibilities and expectations for performance...

Equal Opportunity Statement: The University is an equal opportunity employer...

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