Compensation Manager, HR​/Recruitment

Overview

Thank you for your interest in a career ions believes associates deserve more than just a job—a place where they can build a career with opportunities. If you are results-focused, dedicated to quality, strength and integrity, and possess drive to succeed, Regions may be your employer of choice.

Regions is dedicated to safeguarding private and personally identifiable information submitted for job opportunities. The information will be collected and reviewed by Regions associates, consultants, and vendors to evaluate qualifications and experience and will not be used for marketing, sold, or shared outside Regions unless required by law. Information will be stored in accordance with regulatory requirements and Regions’ Retention Schedule for a minimum of three years.

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Job Description

At Regions, the Compensation Manager leads and manages a team supporting effective on-going compensation program development and administration. This manager is an expert in the field and will exhibit strong leadership, relationship-building, and strategic partnering with executives, senior managers, and other HR professionals within the organization on compensation programs and policies.

• Applies a broad knowledge of market pay practices and the competitive landscape to provide strategic support regarding compensation plans and pay practices within business segments or geographic areas.
• Consults with Executives and managers on the development of pay strategy and pay effectiveness, including base pay, incentive opportunity, LTIP, and mix of pay.
• Identify and propose competitive solutions to complex compensation issues and offer proposals.
• Work with senior HR Management to formulate compensation strategies and policies for pay practices to support business and human capital strategies.
• Collaborate with HR Partners, Executives and managers to develop a career framework, address compensation issues, and educate managers on total rewards practices and execution.
• Act as COE leader to advise and integrate associates in merger and acquisition activity.
• May advise on the construct and governance of sales and other incentive pay plans and programs.
• Advise Executives and HR leaders on organizational structures, spans/layers, and job roles.
• Contribute to the development and implementation of compensation tools and techniques to help the HR team make appropriate pay and talent decisions.
• Remain up to date on legal regulations surrounding compensation issues and provide advice to ensure compliance.
• Think holistically about issues impacting pay practices, job roles, and compensation processes; use data to identify patterns, provide insights, and communicate recommendations to business leaders and HR partners.
• Engage stakeholders and partners with other HR leaders on proposed solutions and project execution.
• Mentor and develop a team of compensation consultants.
• Drive changes in philosophy and processes in supported businesses in line with an evolving compensation strategy.

• Lead and direct team members in conducting comparative analysis to identify pay inequities and advise management on potential inequities and solutions.
• Conduct comprehensive analyses and market studies to evaluate competitiveness of proposed new compensation programs.
• Evaluate results, recommend program changes, model cost impact, and present final recommendations.
• Lead team in approvals and responses to questions related to pay for hires, promotions, demotions, equity adjustments, exemption status, classification, job evaluation, pay structure, merit pay, and incentive programs.
• Advise, research, and recommend mix of pay to align with market and business strategy.
• Lead team in monitoring, surfacing, and mitigating areas of risk including FLSA classification and compliance.
• Identify and resolve problems; identify reporting needs and collaborate with relevant teams on production, interpretation and distribution.
• Identify, lead, or participate in special projects.

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is…