New Jersey Institute of Technology Hiring for Director of Compensation at Newark, NJ  Full Time

Title:
Director of Compensation

Department:
Total Rewards

Reports To:
Vice President of Human Resources

Position Type:
Staff

Position Summary:
Reporting to the Vice President for Human Resources, the Director of Compensation will lead compensation strategies and assist in the development of long-term goals and strategic plans. The Director will be responsible for the planning, implementation, and administration of all university-wide compensation programs and operations. The incumbent will be part of HR’s leadership team and will participate in project management and implementation of various programs and business initiatives that support university goals. In this leadership role, the incumbent will impact NJIT’s positioning as an employer of choice by ensuring that compensation is competitive to attract, retain, and reward employees. This position will lead a comprehensive review and redesign of NJIT’s compensation program for faculty and staff.

Essential Functions:
– In close collaboration with the benefits team, develop and implement a cohesive and comprehensive total rewards strategy that maximizes the university’s ability to attract and retain top and diverse talent
– Provide direction and leadership to design, develop, and implement compensation programs that align with university’s strategy and long-range HR strategic business plans
– Develop a total compensation philosophy for the university, including appropriate pay positioning relative to the market and defining the appropriate comparison markets for talent
– Provide compensation expertise to identify issues, and implement solutions to engage and reward talent for delivering desired business results
– Direct compensation survey participation and provide direction on analysis of compensation survey responses, market competitiveness, and guidance on compensation strategies. Determine financial implications and cost/benefit analysis
– Direct development, planning, and implementation of annual staff salary program, including market analysis and costing to ensure a balance of internal equity and market competitiveness in line with university’s compensation philosophy
– Provide consultation to labor relations on compensation strategy and market analysis related to collective bargaining and managing specialized market studies for union classifications
– Keep abreast of compensation trends, external benchmark best practices, and regulatory requirements and labor laws, and provide strategy and direction for university-wide programs
– Ensure compliance with regulatory requirements and labor laws concerning employment and compensation administration
– Monitor the effectiveness of existing compensation policies, guidelines and procedures recommending plan revisions as well as development of new plans that are cost-effective and consistent with compensation trends and university objectives

Prerequisite Qualifications:
– Bachelor’s degree in Human Resource Management, Business Administration, Finance, Management, or a related field with at least five years of program management experience in compensation or related role
– Experience in developing and implementing broad-based compensation programs including base and pay for performance, benchmarking/market data, and job evaluation
– Prior team leadership experience with a proven ability to lead, coach and motivate a high performing Compensation team
– Excellent verbal and written communications skills. Ability to translate complex concepts to facilitate decision-making
– Ability to translate complex concepts to facilitate decision-making
– Experience in data analysis, reporting, and presentation of compensation data
– Demonstrated skill in use of Microsoft Excel, compensation tools, and HR information systems
– At the university’s discretion, the education and experience prerequisites may be exempted where the candidate can demonstrate to the satisfaction of the university, an equivalent combination of education and experience specifically preparing the candidate for success in the position.

Preferred Qualifications:
– Master’s degree in Human Resource Management, Business Administration, Finance, Management or related field
– Experience in developing and leading compensation programs within a higher education environment
– CCP, SPHR or SHRM-SCP certification

Bargaining Unit:
Non-Aligned

Range/Band:
7

FLSA:
Exempt
Full-Time

Special Instructions to
Applicants:
A cover letter is required upon submission of your application.