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Compensation & Benefits Administrator

Schwartz Farms

Location: New Ulm, MN 56073
Type: Full-Time, Non-Remote
Posted on: May 9, 2024
Become a part of the #bestteamever! ESSENTIAL FUNCTIONS: The Compensation & Benefits Administrator coordinates and manages the employee compensation and benefits programs, ensuring both are strategically aligned to support the goals and values of Schwartz Farms. Incumbent shall identify job requirements, evaluate positions, determine appropriate benchmarks, and maintain job descriptions to ensure the company is competitive with compensation. Similarly, incumbent shall work with vendors to manage plans, identify market trends, evaluate employee needs, and ensure compliance of benefit plans. Compensation Prepare and maintain job descriptions for each position in the organization; ensure descriptions accurately reflect work classification (exempt/nonexempt) and the work performed, and that jobs are properly grouped within SFI's position grids Perform job analysis, including but not limited to interviewing and surveying employees and managers to gather and evaluate job and occupational demands including duties, responsibilities, and skills Research and compare compensation plans offered by demographically comparable organizations; assess competitor plans and make recommendations for improvements required to maintain competitiveness and effectiveness Maintain knowledge of economic conditions, labor markets, and other factors related to ensuring the organization provides competitive and reasonable compensation scales and structures Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position; participate in salary surveys Assess and analyze compensation trends in marketplace Prepares and maintain annual budgets, salary bands and merit increase guidelines Conduct data to be used in employee performance reviews Review bonus and reward programs for competitiveness and appropriateness Benefits Research employee benefits in similar industries, geographic regions and employer size; based on findings, recommend changes or updates to the company's existing benefits or policies Work with insurance brokers and investment planners to create competitive, cost-effective benefits packages for the organization Determine implementation and enrollment for insurance and retirement plans for new hires and during open enrollment Administer employee benefit programs including 401(k), life, disability, and health insurance plans Advise and inform employees of changes and developments related to benefits including eligibility, coverage, and provisions Conduct focus groups to collect employee feedback on issues or topics related to benefits Perform audits and reporting, including 401(k) audits, ACA reporting, etc. Facilitate accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers Conduct employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers Identify and select carriers and plans based on quotes, available benefits, and prior experience Monitor administrators and insurance carriers' reports to ensure the organizations' compliance with plan requirements Maintain knowledge of trends, developments, and best practices in benefits administration Support team members with individual enrollments, qualifying events, benefit inquiries and terminations, demonstrating genuine care, appreciation and integrity Organize, plan and conduct benefit meetings Legal Complete records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies Ensure compliance with the applicable provisions of COBRA, HIPAA, and ERISA Advise management on applicable state and federal employment regulations, benefits and compensation policies, human resource procedures, and collective agreements, as appropriate The preceding statements are intended to describe the general nature and level of work performed by people assigned this classification. They are not to be construed as an exhaustive list of all job duties performed. ADDITIONAL RESPONSIBILITIES: Demonstrate Schwartz Farms' values of integrity, respect, excellence, innovation and adaptability Advocate and engage in SFI's animal welfare policy, including promoting animal well-being, remedying circumstances which impede animal care, and properly reporting instances of mistreatment or abuse Maintain and promote a safe working environment Additional duties may be assigned as they arise. MINIMUM QUALIFICATIONS: Excel in leadership, integrity, and collaboration Acceptable MVR Extensive knowledge of employee benefits and compensation Excellent written and verbal communication skills Excellent organizational and time management skills Strong analytical and problem-solving skills Extensive knowledge of human resource laws, regulations and best practices, including but not limited to thorough knowledge of COBRA, HIPAA, and ERISA requirements Proficient with Microsoft Office Suite or similar software Bachelor's degree in human resources Five years of progressive experience administering compensation or benefits programs preferred Bilingual in English and Spanish preferred The preceding qualifications are guidelines. Other combinations of education and experience could provide the necessary knowledge, skills and abilities to perform this job. WORKING CONDITIONS AND ENVIRONMENT Position may involve travel and non-standard business hours. Prolonged periods of sitting at a desk and working on a computer. Able to lift fifteen pounds.
Salary: $70,000 a year
Employment Type: Full-time