Director, Compensation

The Director of Compensation leads the overall design, implementation, and administration of the credit union's compensation programs in partnership with executive leadership and HR colleagues. They ensure that all base salary structures, incentive plans, job leveling, and compensation administration support the organization's strategic objectives and attract/motivate top talent, while maintaining compliance with legal requirements.

Essential FunctionsStrategy & Planning: Develop and implement compensation strategies aligned with the credit union's goals and budget guidelines, including merit/market adjustment processes and variable pay.Compliance & Administration: Ensure adherence to federal, state, and local compensation laws, including FLSA and pay equity regulations.Incentive Management: Oversee the development and administration of production, short- and long-term incentive programs.Communication & Consulting: Advise and consult with leadership and HR colleagues on compensation issues, pay structures, and messaging to promote clarity and reinforce the value to the compensation programs.Market Analysis & Benchmarking: Conduct regular salary surveys and benchmarking studies to evaluate market competitiveness and maintain accurate job evaluation systems.