Director Compensation & Benefits

Summary

Join Renaissance®, a global leader in pre-K–12 education technology, as their Director of Compensation & Benefits. This strategic role requires leading all aspects of compensation, benefits, and equity plans, including design, administration, communication, and compliance. You will manage a team, ensure plans adhere to regulations, and support company objectives. The position demands understanding market dynamics, competitor plans, and industry trends, while innovating to attract and retain talent. You will collaborate with HR and business units, maintaining confidentiality and ensuring legal compliance. This role is highly analytical and operational, requiring strong leadership and communication skills.

Requirements

• 15+ years of overall HR experience with 10+ years of experience focused in Benefits/Compensation design and management
• Previous experience working with the Compensation Committee of the Board
• Extensive knowledge of federal and state legislation influencing benefits and compensation
• Strong Leadership, communication, analytical, financial and written communication skills
• Ability to collaborate and work across the organization
• Previous acquisition/divestiture experience

Responsibilities

• Establish compensation strategies for both international and US locations while ensuring that all compensation and reward programs and practices are aligned with the culture and business goals
• Designs and develops the company’s broad-based compensation programs including base salary, incentive, executive compensation and sales commission plans
• As appropriate, proactively educate leaders, HR and colleagues on compensation strategy, practices and benchmarks
• Lead the evaluation of positions and the application of existing job classifications, assignment of job levels, salary ranges and FLSA status to positions
• Make recommendations for revisions and/or changes
• Direct annual market survey and recommendations regarding changes in salary plans; oversee all activity related to published compensation surveys throughout the year and audit survey output, market trends and market competitive pay positions to ensure salary plans meet overall company goals and objectives
• Identify opportunities to make compensation activities/processes more streamlined and efficient
• Ensure compensation programs and practices are competitive in the marketplace to support recruitment, engagement and talent retention
• Design, develop and implement any new programs or changes like career pathways, etc
• Lead the development of annual salary budgets from collecting market data (general, industry specific, geographic) and model budget proposals
• Lead the salary planning processes with HR and department heads from communicating budgets and process to management and managers, educating employees, providing reports, collecting recommendations, to coordinating review process with senior management
• Responsible for LOA administration and reporting to include FMLA, ADA and other leaves
• Establish strategy for benefits and continuously evaluate all benefits plans to ensure they are cost effective, competitive, and meet the needs of the company and employees
• Identify opportunities for changes, including new vendors, plan design, and funding
• Administer all benefit plans, including but not limited to health and welfare programs, qualified plans, life insurance, disability, and Internal Revenue Code (IRC) Section 125 plans and discretionary benefits
• As appropriate, educate leaders, HR and colleagues on benefits strategy, practices and benchmarks
• In conjunction with the Manager of Benefits, set the agenda and lead all 401K committee meetings and activities
• Present any proposed new programs or changes to programs
• Review and report on efficacy and budgets for existing programs
• Manage profit sharing and 401(k) contributions and withdrawals, and Qualified Domestic Relations Orders (QDROs) and IRC Section 125 plans
• Direct the annual open enrollment process, including vendor selection and negotiation, cost-saving initiatives, employee communication and collaboration with other contributing departments
• Determine appropriate communication strategy for specific benefits (open enrollment, health and wellness, etc.) and develop employee education programs to ensure employees understand benefits, their value, and available resources
• Also responsible for the creation of benefit communications that enhance employee summary plan descriptions, new hire orientations, employee event notifications, etc
• Establish and maintain relationships with external service providers to ensure they are delivering services as outlined and expected
• Provide excellent customer service to support internal customers and contract carriers, brokers, or other necessary responsibilities to facilitate proper and complete utilization of benefits for all colleagues
• Ensure audits on plans are conducted in a timely manner
• Regularly analyze benefit offerings, evaluating the usage, services, coverage, effectiveness, cost, plan experience and competitive trends, and make appropriate short and long-term recommendations
• On a periodic basis, benchmark to ensure market competitiveness and best practices
• Ensure compliance with applicable federal or state laws or regulations (i.e. Employee Retiree Income Security Act (ERISA), Health Care Reform Act, etc.)
• Direct the reports and applications required by law to be filed with federal and state agencies, such as the Internal Revenue Service (IRS), insurance commissions, Health Insurance Portability and Accountability Act (HIPPA), Department of Labor (DOL), and other regulatory agencies
• Ensure all plan documents and Summary Plan Descriptions are complete and updated, 5500 filings are filed accurately and in a timely manner, prepare discrimination testing, and oversee annual plan audits
• Manage the audit process and the nondiscrimination testing requirements of the (401k) plan
• Liaison with appropriate external auditors, as needed, on a timely basis
• Resolve administrative or contractual issues with all insurance and investment carriers
• Maintain a working knowledge of legislation, both domestic and international, that may affect compensation, benefits and payroll policies/practices
• Evaluate and compare existing company benefits for renewal and develop recommendations related to modifications to existing plans or new plans that will maintain the company’s competitive position in the market
• Responsible for annual benefit plan budget and monthly financial statements, including budget projections and explanations of variances
• Responsible for the board resolutions as they relate to the Compensation Committee of the Board
• Work in conjunction with Accounting & Payroll to ensure compliance of all aspects of the company’s equity compensation plans including the granting and exercising of stock options

Preferred Qualifications

• Bachelor’s degree required in a Human Resources related discipline, advanced degree or a degree in Finance
• Experience working with in a mid-sized company owned by private equity
• Previous International Experience in the UK, Australia Canada and China
• Previous SaaS based company experience
• Certifications – CCP, CEBS

Benefits

• World Class Health Benefits: Medical, Prescription, Dental, Vision, Telehealth
• Health Savings and Flexible Spending Accounts
• 401(k) and Roth 401(k) with company match
• Paid Vacation and Sick Time Off
• 12 Paid Holidays
• Parental Leave (20 total weeks with 14 weeks paid) & Milk Stork program
• Tuition Reimbursement
• Life & Disability Insurance
• Well-being and Employee Assistance Programs