LUCCHESE INC
Job Summary:
This role develops, implements, and administers the organization's (total rewards) compensation and benefit programs. Coordinates and administers the total reward functions of the Human Resources Department in providing equitable compensation for all employees and the best benefits possible within the parameters of the company's resources. This is considered a subject-matter expert, individual contributor role, that will set the total reward philosophy, strategy, and tactics which deliver our employee value proposition that attracts, retains, and elevates the employee experience, reporting to the Vice President, Human Resources.
Scope of job:
This role is responsible for the overall administration of the Total Rewards offerings for Lucchese. Working in partnership with the People Success and Culture Team, this role will stay current in, recommend, and apply best-in-class approaches aligned with our total reward philosophy and our ongoing ambitions for attracting, motivating, and retaining top talent. Key stakeholders include Human Resources Team, hiring managers, employees, senior leaders, vendors, third party administrators, and brokers. This role will lead benefits administration in a self-insured, captive approach to benefits.
Duties/Responsibilities:
Benefits: Administers employee benefit programs, possibly including group medical, dental, vision, prescription, disability, group life, AD&D, EAP, 401(k), and flexible spending account programs. Research and advise on benefit program enhancements. Participates in contract negotiations, renewals, and audits. Serves as day-to-day contact for broker(s), plan vendors, and other third party administrators. Assures compliance with State and Federal regulatory agencies. Processes enrollments, COBRA, terminations, changes, beneficiaries, disability, accident and death claims, rollovers, QDRO's, QMCSO's, distributions, hardships, and compliance testing. Manages open enrollment and program implementation processes in collaboration with Human Resource partners. Oversees reconciliation and preparation of all billings related to benefit plans. Implements and monitors adherence to compensation and employee benefit policies, procedures, and practices. Compensation:
Coordinates job evaluation activities with the Vice President, Human Resources. Administer incentive program(s); sales commissions, executive incentives, annual incentive, and discretionary bonuses. Benchmark total compensation and provide leadership information regarding direct and indirect compensation trends that may impact recruitment and retention programs. Lead compensation plan design processes through scenario planning and data modeling. Build and maintain the company's competitive pay grade salary structures for each market area. Analyzes market trends, company structures, comp-ratios, and recommends updates. Participates in relevant salary studies by providing, collecting, and submitting company compensation data. Benchmarks jobs against survey data and other market intelligence and recommends competitive compensation ranges for each position. Utilizes competitive market data and knowledge of internal position scope of responsibilities to recommend job classifications. Supports budgeting processes by researching compensation trends, analyzing incumbent compensation against internal and external ranges, and recommending adjustments. Provides information to the Finance team and department leaders to support budgeting processes. Ensure position and compensation data is accurate in the HRIS by updating the Payroll Department. Supports incentive payment and merit increase processes by calculating eligibility levels based on plan parameters and managing workflow to obtain manager input and appropriate approval processes. Oversees communication processes to ensure employees are aware of incentive payments and/or compensation adjustments. Performs pay equity, FLSA, and other analyses to ensure compensation practices comply with current market regulations. Makes recommendations to resolve any issues identified. Compiles data to produce regular and ad hoc reporting for leadership, including staffing levels, turnover, benefits plan utilization, retirement plan metrics, incentive projections, and other data to support strategic initiatives. Required Skills/Abilities:
Knowledge of job analysis and job evaluation systems and processes Knowledge of compensation and benefit administration principles and methodologies General knowledge of business financial principles. Knowledge of common HR metrics and Key Performance Indicators Expert knowledge in employment, pay transparency laws, regulations related to compensation & benefits, including ERISA, IRS, DOL, FLSA Ability to use and leverage compensation & benefit modules within an HRIS, ADP, or equivalent system. Ability to use MS Office applications; advanced Excel skills required. Ability to perform research and gather pertinent data for decision-making purposes. Ability to perform mathematical calculations and quantitative analyses. Ability to recognize inconsistencies in information (ability to attend to details) Ability to develop and use systems for organizing and keeping track of information. Ability to create and follow standardized procedures and templates. Ability to maintain confidentiality of information. Ability to establish positive and productive relationships with others. Ability to analyze data, identify trends and provide actionable insights Ability to communicate with employees regarding compensation and employee benefit related issues. Customer centric - demonstrated client and service orientation, excellent interpersonal and communication skills Effective at being flexible, creative, team oriented and results-driven Demonstrated ability to always maintain confidentiality and discretion Enthusiastic, energetic, motivated and thoroughly committed to high quality work and results Demonstrated passion for continuous learning Education, Experience, and/or Certifications:
Minimum 3-5 years of experience in administration of benefits and compensation, total rewards analyst. College: Bachelor's Degree Human Resources, Business, Finance, or related field. Certifications preferred: SHRM (SCP), HRCI, World at Work - Certified Benefits Professional (CBP), ERI - Comp Analyst Credential (CAC) Preferred experience in a leading benefits administration in a self-insured, captive benefits approach. Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer. Must be able to lift up-to 30 pounds at times. Must be able to hear, and listen, to effectively communicate. Travel required up to 20% of the time.
This role develops, implements, and administers the organization's (total rewards) compensation and benefit programs. Coordinates and administers the total reward functions of the Human Resources Department in providing equitable compensation for all employees and the best benefits possible within the parameters of the company's resources. This is considered a subject-matter expert, individual contributor role, that will set the total reward philosophy, strategy, and tactics which deliver our employee value proposition that attracts, retains, and elevates the employee experience, reporting to the Vice President, Human Resources.
Scope of job:
This role is responsible for the overall administration of the Total Rewards offerings for Lucchese. Working in partnership with the People Success and Culture Team, this role will stay current in, recommend, and apply best-in-class approaches aligned with our total reward philosophy and our ongoing ambitions for attracting, motivating, and retaining top talent. Key stakeholders include Human Resources Team, hiring managers, employees, senior leaders, vendors, third party administrators, and brokers. This role will lead benefits administration in a self-insured, captive approach to benefits.
Duties/Responsibilities:
Benefits: Administers employee benefit programs, possibly including group medical, dental, vision, prescription, disability, group life, AD&D, EAP, 401(k), and flexible spending account programs. Research and advise on benefit program enhancements. Participates in contract negotiations, renewals, and audits. Serves as day-to-day contact for broker(s), plan vendors, and other third party administrators. Assures compliance with State and Federal regulatory agencies. Processes enrollments, COBRA, terminations, changes, beneficiaries, disability, accident and death claims, rollovers, QDRO's, QMCSO's, distributions, hardships, and compliance testing. Manages open enrollment and program implementation processes in collaboration with Human Resource partners. Oversees reconciliation and preparation of all billings related to benefit plans. Implements and monitors adherence to compensation and employee benefit policies, procedures, and practices. Compensation:
Coordinates job evaluation activities with the Vice President, Human Resources. Administer incentive program(s); sales commissions, executive incentives, annual incentive, and discretionary bonuses. Benchmark total compensation and provide leadership information regarding direct and indirect compensation trends that may impact recruitment and retention programs. Lead compensation plan design processes through scenario planning and data modeling. Build and maintain the company's competitive pay grade salary structures for each market area. Analyzes market trends, company structures, comp-ratios, and recommends updates. Participates in relevant salary studies by providing, collecting, and submitting company compensation data. Benchmarks jobs against survey data and other market intelligence and recommends competitive compensation ranges for each position. Utilizes competitive market data and knowledge of internal position scope of responsibilities to recommend job classifications. Supports budgeting processes by researching compensation trends, analyzing incumbent compensation against internal and external ranges, and recommending adjustments. Provides information to the Finance team and department leaders to support budgeting processes. Ensure position and compensation data is accurate in the HRIS by updating the Payroll Department. Supports incentive payment and merit increase processes by calculating eligibility levels based on plan parameters and managing workflow to obtain manager input and appropriate approval processes. Oversees communication processes to ensure employees are aware of incentive payments and/or compensation adjustments. Performs pay equity, FLSA, and other analyses to ensure compensation practices comply with current market regulations. Makes recommendations to resolve any issues identified. Compiles data to produce regular and ad hoc reporting for leadership, including staffing levels, turnover, benefits plan utilization, retirement plan metrics, incentive projections, and other data to support strategic initiatives. Required Skills/Abilities:
Knowledge of job analysis and job evaluation systems and processes Knowledge of compensation and benefit administration principles and methodologies General knowledge of business financial principles. Knowledge of common HR metrics and Key Performance Indicators Expert knowledge in employment, pay transparency laws, regulations related to compensation & benefits, including ERISA, IRS, DOL, FLSA Ability to use and leverage compensation & benefit modules within an HRIS, ADP, or equivalent system. Ability to use MS Office applications; advanced Excel skills required. Ability to perform research and gather pertinent data for decision-making purposes. Ability to perform mathematical calculations and quantitative analyses. Ability to recognize inconsistencies in information (ability to attend to details) Ability to develop and use systems for organizing and keeping track of information. Ability to create and follow standardized procedures and templates. Ability to maintain confidentiality of information. Ability to establish positive and productive relationships with others. Ability to analyze data, identify trends and provide actionable insights Ability to communicate with employees regarding compensation and employee benefit related issues. Customer centric - demonstrated client and service orientation, excellent interpersonal and communication skills Effective at being flexible, creative, team oriented and results-driven Demonstrated ability to always maintain confidentiality and discretion Enthusiastic, energetic, motivated and thoroughly committed to high quality work and results Demonstrated passion for continuous learning Education, Experience, and/or Certifications:
Minimum 3-5 years of experience in administration of benefits and compensation, total rewards analyst. College: Bachelor's Degree Human Resources, Business, Finance, or related field. Certifications preferred: SHRM (SCP), HRCI, World at Work - Certified Benefits Professional (CBP), ERI - Comp Analyst Credential (CAC) Preferred experience in a leading benefits administration in a self-insured, captive benefits approach. Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer. Must be able to lift up-to 30 pounds at times. Must be able to hear, and listen, to effectively communicate. Travel required up to 20% of the time.