VP of Compensation and Benefits

Compensation Planning

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VP of Compensation and Benefits plans and directs compensation and benefits policies, objectives, and initiatives. Engages in high-level strategic planning of compensation and benefits programs designed to attract and retain employees. Being a VP of Compensation and Benefits ensures compensation and benefits programs remain within budgetary constraints and align with organizational goals. Monitors trends, provides recommendations, and suggests initiatives. Additionally, VP of Compensation and Benefits consults with legal and financial professionals to ensure compliant and financially sound programs. Evaluates vendors, negotiates and completes contracts. Requires a bachelor's degree. Typically reports to top management. The VP of Compensation and Benefits manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a VP of Compensation and Benefits typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.