Compensation Manager

The Compensation Manager provides direction and operational leadership of the compensation function for leaders and team members throughout FBM.  Ensures that the compensation processes, plans, programs, and tools are competitive, cost-effective, support the business strategies, enhance organizational capability, and support the mission and vision of FBM.  This newly formed Compensation Managers responsibility is to see that the company's pay scale complies with ever-changing state and federal laws and regulations and determine that wages are fair and competitive for throughout company. This position might handle employee benefits, as well as employee reward systems such as bonuses and merit raises.

Essential Compensation Manager Professional Functions/Qualifications/Education: 

• Function as an advisor and point person for all things compensation
• Develop and evolve an organization’s pay scale and structure
• Determine competitive wage rates and change as necessary
• Oversee the distribution of pay to employees
• Work with managers to help develop promotion and retention strategies for existing employees
• Develop a department budget and keep operations within that budget
• Designing fair and attractive bonus programs
• Evaluating how effective the benefit packages are in terms of employee satisfaction
• Manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, and analysis.
• Conducting external pay studies to make sure salaries are competitive within their industry
• Conducting internal pay studies to ensure there is no discrimination among employees’ pay rates
• Budgeting for promotions and salary increases, including cost-of-living raises
• Researching and determining the structure for alternative compensation plans, like commission or stock and equity options
• Leads in the development, implementation, communication and administration of the compensation programs and policies that are aligned with the organization’s strategy, mission and workforce trends, including base salaries, short- and long-term incentives.
• Proactively maintains a pulse on compensation competitiveness, current market trends, and internal equity and engagement.
• Identify, analyze and recommend improvements or changes to compensation programs based on market trends, company strategy, attraction and retaining top talent, cost effectiveness, and changes in regulations.
• Provides planning, program development, labor management, and overall operational administration of the department.
• Leads the design, implementation and policy development of compensation programs that include position evaluation, salary structures, merit matrices, salary range development, market pricing studies, and special reporting.
• Provides direction for FBM’s compensation programs.
• Monitors and analyzes benchmark data, trend information, and economic projections to ensure the compensation strategy maintains a competitive market position and is responsive to the business needs.
• Designs tools, guidelines, templates, and communication materials to effectively educate leaders and team members on all base pay and special pay practice programs.
• Creates audit processes to ensure that compensation standards are being followed system wide.
• Keeps apprised of federal, state, and local compensation laws and regulations to ensure company compliance.
• Good analytical and research skills, discretion with private information, contract negotiation skills, strong communication skills, ability to work under pressure and competency with commonly used computer programs
• Partner with the VP of HR on executive compensation programs, corporate equity strategy, and Compensation Committee deliverables
• Lead our annual merit cycle planning and process including determining the company merit budget in partnership with Finance, determining appropriate comp planning tools, and facilitating employee/manager compensation training
• Analyze, evaluate, problem solve and develop all benefits plans for the organization to achieve optimal operation, maintain cost effectiveness and competitive advantage.
• Audit, analyze and compare survey data, salary evaluations, and needs analysis to monitor the effectiveness of existing compensation policies. Make recommendations for plan revisions to maintain compliance and cost effectiveness based on competitive trends and corporate objectives.
• In collaboration with others, lead the development of the organization’s total reward strategy and policies across all businesses and functions, assuring internal equity and external competitiveness.
• Utilization of analytics and reporting functionality.
• Develop, maintain, and complete management reports and statistical information.
• Generate standard and ad hoc reports weekly, monthly, quarterly, and as requested for management use.
• Other relevant duties as assigned by leadership.
• Strong analytic skills and detail orientation.
• Strong oral and written communication skills.
• Strong project management skills.
• Minimum of 5 years of Compensation experience.
• Bachelor’s degree in related field or equivalent experience required.
• PHR/SPHR certification preferred.
• Proficiency utilizing MS Office Suite (MS Word, Excel, PowerPoint, Outlook).
• Models ethical behavior and balanced decision making.
• Ability to communicate and present information to all levels within the organization.
• Strong interpersonal skills and a strong business acumen.
• Excellent organizational ability.
• Demonstrated ability to handle and maintain confidential information with great sensitivity.
• Ability to work well under pressure, meeting multiple and conflicting deadlines.
• Knowledge of compensation theories and benefit plan design.
• Ability to work in a team environment.
• Goal oriented, self-starter with flexibility to adapt in a fast paced environment. 

FBM Benefits:

• A principled approach to work, including honesty and integrity
• A friendly and supportive work environment
• Competitive pay an incentives
• Excellent benefits including: Medical, Dental and Vision plans, 401(k) 

About Foundation Building Materials

Foundation Building Materials (FBM) is a leading North American distributor of building materials focused on meeting and exceeding the needs of local construction trades with best-in-class products and services. Based in California, FBM has more than 4,500 employees in more than 280 locations throughout the US and Canada. FBM’s core values – safety first, a focus on customers and team members, honesty and integrity – form the foundation for an outstanding customer experience that is recognized across the industry.

FBM promotes an equal employment opportunity workplace with respect to all categories protected under applicable State and Federal law.