Sr. Manager, Compensation and Benefits

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Sr. Manager, Compensation and Benefits

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Sr. Manager, Compensation and Benefits

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Coherent Corp.Job Description

As a Compensation and Benefits Analyst in the Global Total Rewards team, your main responsibility is to evaluate and recommend salary structures and benefits packages for employees. You will need to analyze current pay practices and benefits offerings, conduct research on industry trends, and recommend changes to ensure that a company is competitive in attracting and retaining the best talent. In this role, you''ll also collaborate with senior leadership and HR teams to develop and implement compensation and benefits programs and policies that reflect the organization''s goals, values, and culture. You''ll use data analysis tools to identify areas for improvement and recommend solutions that are both practical and cost-effective. You will report to the VP of Total Rewards.Job Description

As a Compensation and Benefits Analyst in the Global Total Rewards team, your main responsibility is to evaluate and recommend salary structures and benefits packages for employees. You will need to analyze current pay practices and benefits offerings, conduct research on industry trends, and recommend changes to ensure that a company is competitive in attracting and retaining the best talent. In this role, you''ll also collaborate with senior leadership and HR teams to develop and implement compensation and benefits programs and policies that reflect the organization''s goals, values, and culture. You''ll use data analysis tools to identify areas for improvement and recommend solutions that are both practical and cost-effective. You will report to the VP of Total Rewards.

Primary Duties and Responsibilities

Lead the design, administration, and communication of global compensation and benefits programs, policies, and procedures in support of Coherent’s organizational goals, which promote talent acquisition, retention, performance management, strategic initiatives, and future business growth.Ensure efficient and compliant administration of global equity grant process (annual ongoing and quarterly new hire/promotion/retention grants) and ESPP offered in over 15 countries.Manage the annual compensation planning process for merit reviews, ongoing equity grant process, and annual short-term incentive payment, which includes market data analysis, budget approval, systems set up and administration, and training and consulting managers.Manages global benefits planning and programs including health and welfare, retirement, and work life. May select and manage outsourced providers.Support design and competitive assessment of Sales incentive plans.Collaborate with Site HRBP and Global HRBPs, Finance/Tax, and Legal as needed during annual compensation planning, equity grant review, and promotion and retention proposals.Support executive compensation, including proxy preparation, CEO pay-ratio, PvP disclosure, as well as analysis and preparation of compensation committee meeting materials.Manage and support systems, tools, and methods to ensure scalability and growth, including MandA and transformation initiatives.Develop and deliver compensation programs training for global HR Business Partners and management.Conduct regular market analysis and benchmarking studies to evaluate the competitiveness of the company''s compensation programs globally.Ensure compliance with all applicable labor laws, regulations, and governance requirements related to compensation practices across regions.Stay abreast of regulatory changes and industry trends impacting global compensation practices.Manage and collaborate on compensation-related and ad-hoc projects.

Education and Experience

BA or BS degree required.Ten (10) years of minimum related experience, preferably in a global or multinational organization.Two years of preferred supervisory experience.Certified Compensation Professional (CCP), Global Remuneration Professional (GRP), and Certified Equity Professional (CEP) designations are highly preferred.Expert in Excel, PowerPoint, and experience with HCM systems such as Oracle or WorkdayComprehensive knowledge of state and federal labor laws as they relate to compensation (FLSA, Wage and Hour, and Pay Equity).Clear understanding of data privacy programs and regulatory requirements for managing data (GDPR, California Data Privacy Act, and PIPL).

Skills

Strong sense of urgency in driving projects to completion.Demonstrated strong analytical and critical thinking skills, subject matter knowledge, credibility, and outstanding persuasion skills.Strong understanding of compensation principles, practices, and regulations across different countries and regions.Demonstrated expertise in designing and implementing competitive compensation programs that support business objectives.Excellent analytical skills with the ability to interpret complex data sets and translate insights into actionable strategies.Exceptional communication, presentation, and interpersonal skills with the ability to collaborate effectively across diverse teams and cultures.Proven ability to manage multiple priorities and successfully lead global cross-functional projectsProficient working in a high-volume, fast-paced, rapidly changing, results-oriented global work environment.Leading by example, encourage and nurture a diverse culture of integrity, collaboration, accountability, respect, and enthusiasm.Strategic thinker with the ability to translate business goals into effective compensation strategies.Detail-oriented and highly organized with a commitment to accuracy and compliance.Excellent interpersonal and relationship-building skills.Ability to work in a fast-paced environment and manage multiple priorities.High level of creativity and innovation.Strong leadership skills with the ability to influence and inspire others.

Culture Commitment

Ensure adherence to company’s values (ICARE) in all aspects of your position at Coherent Corp.:

I ntegrity – Create an Environment of Trust

C ollaboration – Innovate Through the Sharing of Ideas

A ccountability – Own the Process and the Outcome

R espect – Recognize the Value in Everyone

E nthusiasm – Find a Sense of Purpose in Work

Coherent Corp. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

About Us

Coherent is a global leader in lasers, engineered materials and networking components. We are a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent provides a comprehensive career development platform within an environment that challenges employees to perform at their best, while rewarding excellence and hard-work through a competitive compensation program. It''s an exciting opportunity to work for a company that offers stability, longevity and growth. Come Join Us!

Note to recruiters and employment agencies:

We will not pay for unsolicited resumes from recruiters and employment agencies unless we have a signed agreement and have required assistance, in writing, for a specific opening.

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Seniority level

Seniority level Mid-Senior levelEmployment type

Employment type Full-timeJob function

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