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Keith Diaz
Compensation Manager
Summary
Highly accomplished Compensation Manager with over 10 years of experience in developing and implementing compensation strategies that align with business objectives and industry best practices. Proven track record of increasing employee engagement, reducing voluntary turnover, and enhancing productivity. Expertise in job evaluation, benchmarking, salary leveling, incentive compensation plan creation, performance management, and compensation modeling. Strong analytical, communication, and negotiation skills.
Education
Bachelor’s degree in Human Resources, Business Administration
January 2017
Skills
- Compensation Strategy Development
- Job Evaluation and Benchmarking
- Salary Leveling and Structure Design
- Incentive Compensation Plan Creation
- Performance Management and Appraisal
- Compensation Modeling and Analysis
Work Experience
Compensation Manager
- Developed and presented compensation training programs for employees and managers to ensure understanding of compensation principles and policies.
- Participated in negotiations with union representatives to reach mutually acceptable compensation agreements.
- Collaborated with HR and legal teams to ensure compliance with all applicable compensation laws and regulations.
- Developed and implemented an equity compensation program to attract and retain top talent.
Compensation Manager
- Led the design and implementation of a new performance management system that resulted in a 15% increase in employee engagement and a 10% reduction in voluntary turnover.
- Developed and executed a comprehensive compensation strategy that aligned with business objectives and industry best practices, resulting in a 9% increase in employee retention.
- Managed a team of compensation analysts to conduct market research, analyze data, and develop competitive compensation packages.
- Designed and implemented a payforperformance program that incentivized desired employee behaviors and resulted in a 6% increase in productivity.
Accomplishments
- Challenged the existing compensation structure and implemented a new performancebased pay system, resulting in a 15% increase in employee productivity
- Actioned a comprehensive compensation and benefits review, which led to a 5% reduction in overall compensation costs while maintaining employee satisfaction
- Researched and implemented new compensation strategies that aligned with market trends, improving talent acquisition and retention rates by 10%
- Collaborated with senior leadership to develop and implement a global compensation and benefits program, ensuring compliance with local regulations and optimizing talent acquisition and retention across various regions
- Designed and launched a compensation communication plan that effectively communicated the companys compensation philosophy and policies to employees, resulting in improved understanding and trust
Awards
- Recognized as Top 10 Compensation Manager by the Compensation & Benefits Society
- Received the Excellence in Compensation Management Award from the National HR Society
- Awarded the Compensation Management Professional of the Year by the WorldatWork
Certificates
- Certified Compensation Professional (CCP)
- Certified Global Payroll Professional (CGP)
- Certified Benefit Professional (CBP)
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How To Write Resume For Compensation Manager
- Highlight your experience in developing and implementing compensation strategies that have a positive impact on business outcomes.
- Showcase your expertise in job evaluation, benchmarking, salary leveling, and incentive compensation plan creation.
- Demonstrate your strong analytical, communication, and negotiation skills.
- Emphasize your ability to collaborate effectively with HR and legal teams to ensure compliance with all applicable compensation laws and regulations.
- Include specific examples of your accomplishments to quantify your results and highlight your value as a Compensation Manager.
Essential Experience Highlights for a Strong Compensation Manager Resume
- Develop and implement compensation strategies that align with business objectives and industry best practices.
- Conduct market research and analyze data to develop competitive compensation packages.
- Design and implement performance management systems to drive employee engagement and productivity.
- Create and manage incentive compensation plans to incentivize desired employee behaviors.
- Negotiate with union representatives to reach mutually acceptable compensation agreements.
- Collaborate with HR and legal teams to ensure compliance with all applicable compensation laws and regulations.
- Develop and implement equity compensation programs to attract and retain top talent.
Frequently Asked Questions (FAQ’s) For Compensation Manager
What is the primary role of a Compensation Manager?
The primary role of a Compensation Manager is to develop and implement compensation strategies that align with business objectives and industry best practices. This includes conducting market research, analyzing data, designing and implementing performance management systems, creating and managing incentive compensation plans, negotiating with union representatives, and collaborating with HR and legal teams to ensure compliance with all applicable compensation laws and regulations.
What are the key skills and qualifications required to be a successful Compensation Manager?
Key skills and qualifications for a successful Compensation Manager include a Bachelor’s degree in Human Resources, Business Administration, or a related field; strong analytical, communication, and negotiation skills; and a deep understanding of compensation principles and practices. Additionally, experience in job evaluation, benchmarking, salary leveling, and incentive compensation plan creation is highly desirable.
What are the growth opportunities for Compensation Managers?
Compensation Managers with a proven track record of success may advance to more senior roles such as Compensation Director or Vice President of Compensation. Additionally, they may move into related fields such as HR Management or Organizational Development.
What are the challenges faced by Compensation Managers?
Compensation Managers face several challenges, including the need to stay up-to-date on the latest compensation trends and regulations, the challenge of balancing employee expectations with business needs, and the need to ensure that compensation programs are fair and equitable.
What is the job outlook for Compensation Managers?
The job outlook for Compensation Managers is expected to be strong in the coming years. As businesses continue to focus on attracting and retaining top talent, the demand for skilled Compensation Managers is expected to grow.
What are the top companies that hire Compensation Managers?
Top companies that hire Compensation Managers include IBM, Google, Microsoft, Amazon, and Apple.
What are the average salaries for Compensation Managers?
The average salary for Compensation Managers varies depending on experience, location, and company size. According to Salary.com, the median salary for Compensation Managers in the United States is $116,290.
What are the benefits of working as a Compensation Manager?
Benefits of working as a Compensation Manager include the opportunity to make a significant impact on the organization, the chance to work with a variety of stakeholders, and the opportunity to develop a deep understanding of compensation principles and practices.