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Compensation Manager

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Red Lobster

2mo ago

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
    Business, Operations & Strategy
  • Orlando

AI generated summary

  • You need a bachelor’s degree, 5 years in Compensation, 2 in Project Management, strong financial acumen, and experience with PeopleSoft/Cornerstone. Must build relationships and influence effectively.
  • You will design and manage compensation plans, ensure pay equity, oversee merit and bonus programs, advise on job analysis, and stay informed on industry trends to attract top talent.

Requirements

  • Minimum of bachelor’s degree, preferably in an HR related field
  • 5 years of experience in Compensation
  • 2 years of experience in Project Management
  • Extensive knowledge/experience in Compensation plan design, implementation, and administration in large corporations
  • PeopleSoft and Cornerstone experience preferred
  • Strong financial and business acumen
  • Strong ability to build relationships in a collaborative environment
  • Strong ability to persuade/influence others
  • Understands other business functions and how they come together to create results and value
  • Can interact comfortably and effectively with executives and front-line employees

Responsibilities

  • Design, administer, and communicate Red Lobster’s compensation plans for US and Canada.
  • Ensure the consistent application of our pay philosophy, align market cost competitiveness, and drive the pay for performance culture.
  • Drive and successfully implement high priority projects, annual compensation cycles, and corporate initiated projects.
  • Equip business leaders and HR with knowledge, skill and capability around core compensation and plans and processes.
  • Administer executive compensation programs.
  • Demonstrate a deep and broad technical knowledge of all compensation practices, stay up to date on the latest trends in the industry, and show an understanding of the latest legal developments in compensation.
  • Monitor compensation, and legislative trends in the competitive market and ensure programs are designed to attract/retain high-performers and key talent.
  • Participate in the selection and management of all vendors, brokers, and administrative partners.
  • Oversee the annual merit and bonus programs including ongoing internal pay analysis to market.
  • Provide guidance and recommendations to managers around job analysis, job descriptions and pay equity.
  • Oversee Red Lobster’s participation in third-party salary surveys and compensation systems.
  • Promote team effectiveness, provide clear direction, set and monitors high standards of excellence, proactively and fairly resolve performance problems.
  • Communicate positive expectations when developing others, readily share knowledge and advice, provide candid, balanced, and regular feedback.

FAQs

What is the primary responsibility of the Compensation Manager?

The primary responsibility of the Compensation Manager is to design, implement, and administer all compensation programs, policies, and guidelines for all employees.

Who does the Compensation Manager report to?

The Compensation Manager reports to the Vice President of Human Resources.

What minimum education is required for the Compensation Manager position?

A minimum of a bachelor's degree, preferably in an HR-related field, is required for the Compensation Manager position.

How many years of experience in Compensation is required for this role?

A minimum of 5 years of experience in Compensation is required for this role.

Is experience in project management necessary for this position?

Yes, at least 2 years of experience in Project Management is preferred for this position.

What type of compensation programs will the Compensation Manager administer?

The Compensation Manager will administer compensation plans for both the US and Canada and oversee executive compensation programs.

Which software experience is preferred for this role?

Experience with PeopleSoft and Cornerstone is preferred for this role.

What skills are important for the Compensation Manager to possess?

Important skills include strong financial and business acumen, relationship-building abilities in a collaborative environment, and the capability to persuade and influence others.

Will the Compensation Manager participate in salary surveys?

Yes, the Compensation Manager will oversee participation in third-party salary surveys and compensation systems.

How does the Compensation Manager contribute to team effectiveness?

The Compensation Manager promotes team effectiveness by providing clear direction, setting high standards of excellence, and proactively resolving performance problems.

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Red Lobster

Retail & Consumer Goods
Industry

Mission & Purpose

Red Lobster is a popular American restaurant chain specialising in seafood. They are committed to serving high-quality, freshly prepared seafood dishes at an affordable price. Red Lobster's ultimate mission is to be the global leader in seafood dining by offering an exceptional dining experience that brings people together. Their purpose is to ensure that guests enjoy a memorable meal made from responsibly sourced ingredients, with a focus on sustainability and community engagement.