- Develop and execute a strategic benefits plan aligned with the company's overall objectives and budgetary constraints.
- Continuously evaluate market trends, benchmark against industry standards, and recommend enhancements to our benefits offerings.
- Oversee the day-to-day administration of employee benefits programs, including health insurance, retirement plans, wellness initiatives, and other perks.
- Ensure accurate record-keeping, timely enrollment processes, and seamless communication of benefits information to employees.
- Serve as the primary liaison with benefit vendors, brokers, and consultants.
- Negotiate contracts, monitor service levels, and evaluate vendor performance to optimize the value and effectiveness of our benefits programs.
- Stay abreast of federal, state, and local regulations governing employee benefits, such as ERISA, ACA, FMLA, and HIPAA.
- Ensure compliance with reporting requirements, conduct audits, and mitigate risks associated with benefits administration.
- Develop educational materials, presentations, and online resources to help employees understand their benefits options and make informed decisions.
- Conduct regular workshops, webinars, and one-on-one consultations to address employee inquiries and promote wellness initiatives.
- Utilize HRIS and other data management tools to analyze trends, track utilization rates, and generate reports on the cost-effectiveness of our benefits programs.
- Use insights gained to recommend adjustments and improvements as needed.
- Manage the company's 401K retirement plan, including vendor selection, plan design, and employee education.
- Collaborate with finance and investment professionals to monitor plan performance, optimize investment options, and ensure compliance with ERISA and other regulatory requirements.
- Coordinate the administration of annual bonus programs, including eligibility criteria, payout calculations, and communication of bonus awards to employees.
- Partner with finance and business leaders to align bonus structures with performance objectives and financial goals.
- Lead the annual merit increase process, including budget planning, merit guideline development, and salary review cycles.
- Provide guidance to managers on compensation recommendations, salary adjustments, and performance-based rewards to ensure fair and competitive compensation practices.
- Conduct market research and analysis to benchmark employee compensation against industry peers and market trends.
- Develop compensation recommendations and salary structures to attract and retain top talent while ensuring internal equity and pay fairness.
- Lead or participate in cross-functional projects related to benefits redesign, mergers and acquisitions, system implementations, and other strategic initiatives.
- Contribute to a culture of continuous improvement and innovation within the HR function.
- Bachelor's degree in Human Resources, Business Administration, or related field (Master's degree preferred)
- 5+ years of progressive experience in benefits administration, preferably in a global or multi-state environment
- Thorough understanding of employee benefits laws, regulations, and compliance requirements
- Strong analytical skills with the ability to interpret data and make data-driven recommendations
- Excellent communication, negotiation, and interpersonal skills
- Proficiency in HRIS and benefits administration platforms
- Certified Employee Benefits Specialist (CEBS) or similar certification is a plus
- Benefits:
- Competitive salary commensurate with experience
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with employer match
- Paid time off and company holidays
- Employee assistance program and wellness initiatives
- Professional development opportunities
Benefits Manager - Chandler, United States - Array Technologies, Inc
Description
Job Description
Job DescriptionBenefits Manager
Hybrid work schedule:4 days a week on-site in Chandler, AZ,1 day remote
Job Summary:
As a Benefits Manager at Array Tech Inc., you will play a pivotal role in designing, implementing, and managing our comprehensive employee benefits programs. Reporting to the Human Resources Director, you will collaborate with cross-functional teams to develop and administer benefits strategies that attract, retain, and motivate our diverse workforce. Your expertise will contribute to creating a competitive benefits package that aligns with organizational objectives and complies with legal requirements across multiple jurisdictions.
Key Responsibilities:
Benefits Strategy Development:
Benefits Administration:
Vendor Management:
Compliance and Risk Management:
Employee Education and Communication:
Data Analysis and Reporting:
401K Management:
Annual Bonuses:
Annual Merit Increases:
Compensation Recommendations:
Special Projects and Initiatives:
The qualifications you must have:
At Array Tech, Inc., we strive to lead with our culture, and believe that our people are a key enabler of our future state. Our total rewards philosophy supports Array's ability to attract, develop, and retain our employees. We offer competitive compensation, benefits and wellness programs that align with the local markets where we do business.
Array Tech, Inc. offers equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity, and gender expression, or any other legally protected status.