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Compensation & Benefits Manager (Rochester, NY or Burnsville, MN) - job 1 of 2

Company Description

Bosch Building Technologies (BT) provides competitive and innovative products and services of superior quality that create excellent value to our end-users and customers by anticipating their needs and expectations. Protecting lives, buildings and assets is our aim. The product portfolio includes video surveillance, intrusion detection, fire detection and voice evacuation systems as well as access control and management systems. Professional audio and conference systems for communication of voice, sound and music complete the range. This position may be located in either the Fairport, NY or Burnsville, MN location.

Job Description

As part of the Building Technologies North American Human Resource team, the Compensation & Benefits Manager will lead, manage, and administer the employee compensation and benefits programs in compliance with government regulations. The Compensation & Benefits Manager provides thought-leadership to the Human Resource team while leveraging industry knowledge and best practices to promote the mission and vision of the business. To do this effectively, the individual must be a strategic, solutions and data-driven problem-solver that is able to balance strategy and execution. While the primary focus is supporting the North American business, the role operates more broadly and must be able to collaborate closely with leaders, employees, and human resource colleagues internationally. This position may be located in either the Fairport, NY or Burnsville, MN location.

Essential Functions:

  • Lead the strategy for the design and development of benefit plans to support the divestiture of the division from Bosch to a stand-alone entity.
  • Assess current shared service support, and determine necessary action to build a stand-alone benefit function.
  • Oversees benefit operations and acts as a change agent, proactively builds efficiencies, and enhances the delivery of benefit offerings to employee population.
  • Form strong business relationships with vendors and other related third-party relationships.
  • Administers employee savings plans, 401(k) plan, and deferred compensation programs.
  • Advises and informs employees of changes and developments related to benefits including eligibility, coverage, and provisions.
  • Completes records, reporting, and other documentation required by federal, state, and provider rules, regulations, and policies.
  • Conducts employee surveys, census, and other research and demographic efforts required to collect accurate quotes from benefit providers.
  • Identifies and, in partnership with leadership, selects carriers and plans based on quotes, available benefits, and prior experience.
  • Monitor administration and insurance carrier reports to ensure the organization is in compliance with plan requirements.
  • Ensures organization and plan compliance with the applicable provisions of COBRA, HIPAA, and ERISA.
  • Conduct research and compare incentive compensation plans offered by demographically comparable organizations; assesses competitors’ plans and makes recommendations for enhancements or improvements required to keep the organizations plans competitive and effective.
  • Facilitates accurate and timely delivery of employer contributions and employee payroll deductions to carriers, plan administrators, or other appropriate service providers.
  • Assign jobs to the appropriate compensation structures and FLSA classifications, applying foundational knowledge of DOL and FLSA wage and hour regulations (e.g., minimum wage, overtime, pay transparency, exemption classifications).
  • Maintains knowledge of economic conditions, labor market, and other factors related to ensuring the organization provides competitive and reasonable benefits and compensation scales and structures.
  • Maintains knowledge of trends, developments, and best practices in compensation and benefits administration.
  • Performs other duties as assigned by Human Resources Director.

Qualifications

  • Bachelor’s Degree in Human Resources or related field.
  • Minimum of eight to ten years Human Resource experience, preferably in benefits and compensation.
  • Must have thorough knowledge of employment-related laws and regulations.
  • Ability to analyze and interpret complex benefit and compensation topics and competent to work with mathematical concepts such as probability and statistical inferences and apply concepts, utilizing fractions, percentages, ratios, proportions, abstract and concrete variables to practical situations and/or recommendations.
  • Ability to respond effectively to sensitive inquiries or complaints.
  • Ability to manage the reporting function and present data and other information in a logical and cogent manner.
  • Ability to make effective and persuasive presentations on controversial or complex topics to top management, and/or public groups.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Excellent communication skills with strong ability to establish credibility quickly, form and build new relationships across the Human Resource team and the organization.
  • Ability to collaborate with diverse work teams and stakeholders.
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Demonstrated ability to manage confidential and sensitive information possessing skills to handle situations in a professional and diplomatic manner.
  • Strong business acumen with a high degree of emotional intelligence, self-motivation, analytical ability, and critical thinking skills.
  • Proficiency in Microsoft Office, Internet Explorer, Outlook/Exchange; Windows operating systems; and other software routinely used within the business. Knowledge of SAP business system desired.
  • Ability to work independently and remain self-motivated with minimal direct supervision.
  • Proficiency with or the ability to quickly learn the organization's HRIS and talent management systems.
  • Must be an energetic, self-starter who is flexible and adaptable to changing business demands.
  • Good organizational skills required.
  • Patience and professionalism are essential.
  • Experience in a global environment preferred.
  • Ability to travel up to 15%, both internationally & domestically.

Additional Information

The U.S. base salary range for this full-time position is $120,000 to $135,000.  Within the range, individual pay is determined based on several factors, including, but not limited to, work experience and job knowledge, complexity of the role, job location, etc.  In addition to your base salary, Bosch offers a comprehensive benefits package that includes health, dental, and vision plans; health savings accounts (HSA); flexible spending accounts; 401(K) retirement plan with an employer match; wellness programs; life insurance; short and long term disability insurance; paid time off; parental leave, adoption assistance; and reimbursement of education expenses. Learn more about our full benefits offerings by visiting: https://www.myboschbenefits.com/public/welcome.

  • All your information will be kept confidential according to EEO guidelines.
  • By choice, we are committed to a diverse workforce - EOE/Protected Veteran/Disabled.
  • BOSCH is a proud supporter of STEM (Science, Technology, Engineering & Mathematics) Initiatives: FIRST Robotics (For Inspiration and Recognition of Science and Technology) and AWIM (A World In Motion)
  • Indefinite U.S. work authorized individuals only. Future sponsorship for work authorization is not available.
  • Bosch Building Technologies intends to transform our business and thrive under new ownership! We are committed to expand our business and looking for talented individuals to join us on this exciting journey!  
  • Learn more here: https://www.bosch-presse.de/pressportal/de/en/realignment-bosch-building-technologies-to-focus-on-systems-integration-business-259403.html

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Average salary estimate

$127500 / YEARLY (est.)
min
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$120000K
$135000K

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What You Should Know About Compensation & Benefits Manager (Rochester, NY or Burnsville, MN), Bosch Group

Join Bosch Building Technologies as a Compensation & Benefits Manager, where you'll immerse yourself in a dynamic role focused on shaping employee compensation and benefits programs that align with our mission of providing exceptional quality and value in our innovative product offerings. Located in either Fairport, NY, or Burnsville, MN, you’ll play a pivotal role within our North American Human Resource team. Your expertise will help manage and enhance our benefits strategies, ensuring compliance with regulations while promoting employee well-being. You’ll assess shared service support, implement efficient operations, and build strong relationships with benefit providers, all while advising employees on their benefits entitlements. Your data-driven mindset and strategic approach will allow you to evaluate competitive compensation plans, continuously improving our offerings in alignment with market trends. Collaboration is key in this position; you'll work closely with various stakeholders to ensure our compensation structures stand out. If you thrive in a challenging environment and have a knack for translating complex information into actionable strategies, this might be the perfect position for you!

Frequently Asked Questions (FAQs) for Compensation & Benefits Manager (Rochester, NY or Burnsville, MN) Role at Bosch Group
What are the main responsibilities of a Compensation & Benefits Manager at Bosch Building Technologies?

As a Compensation & Benefits Manager at Bosch Building Technologies, your main responsibilities include leading the strategy for employee benefit plans, managing compensation structures, and ensuring compliance with federal and state regulations. You'll assess benefits operations, conduct employee surveys, and make informed recommendations for plan enhancements to support our diverse workforce.

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What qualifications are required for the Compensation & Benefits Manager role at Bosch Building Technologies?

To succeed as a Compensation & Benefits Manager at Bosch Building Technologies, you’ll need a Bachelor’s Degree in Human Resources or a related field, along with at least eight to ten years of relevant HR experience, particularly in compensation and benefits. A thorough understanding of employment-related laws and excellent analytical skills are essential for interpreting complex topics and presenting data effectively.

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How does Bosch Building Technologies ensure compliance with compensation and benefits regulations?

Bosch Building Technologies adheres to strict compliance standards by closely monitoring the administration of our compensation and benefit plans. The Compensation & Benefits Manager is responsible for ensuring that all offerings meet the requirements of COBRA, HIPAA, and ERISA, as well as conducting regular reviews and audits on our benefits operations to align with evolving regulations.

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What skills are essential for a Compensation & Benefits Manager at Bosch Building Technologies?

Essential skills for a Compensation & Benefits Manager at Bosch Building Technologies include strong analytical ability, excellent communication and interpersonal skills, and a strategic mindset. Additionally, proficiency in data interpretation and software tools used for HR management will support effective decision-making and presentations to senior management.

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What is the salary range for a Compensation & Benefits Manager at Bosch Building Technologies?

The salary range for a Compensation & Benefits Manager at Bosch Building Technologies is between $120,000 and $135,000 annually. This range considers factors such as work experience, job knowledge, and job location, in addition to a comprehensive benefits package that includes health plans, a retirement plan with employer match, and more.

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Common Interview Questions for Compensation & Benefits Manager (Rochester, NY or Burnsville, MN)
Can you explain your experience with compensation and benefits programs?

In your response, highlight your specific responsibilities in previous roles related to compensation and benefits. Provide examples of how you've designed, implemented, or improved these programs, and explain the outcomes achieved for the employees and organization.

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How do you stay informed about changes in employment laws and benefits regulations?

Convey your strategies for keeping up with industry trends, such as subscribing to HR publications, joining professional organizations, or attending relevant conferences. Mention any specific courses or certifications that enhance your knowledge in compensation and benefits administration.

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Describe a time you encountered a complex compensation issue and how you resolved it.

Use the STAR method (Situation, Task, Action, Result) to outline a specific instance where you tackled a difficult compensation issue. Emphasize your analytical skills and how your solution improved the situation, highlighting any positive feedback received from management or employees.

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What strategies do you use to assess competitive compensation and benefit offerings?

Discuss your approach to market analysis, including how you compare competitor offerings through surveys and industry reports. Explain how you leverage this data to formulate recommendations that enhance your organization's employee value proposition.

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How do you handle sensitive employee inquiries regarding compensation and benefits?

Emphasize your communication and interpersonal skills when discussing sensitive topics with employees. Illustrate how you approach these conversations with empathy while ensuring confidentiality and regulatory compliance.

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How do you ensure that benefit programs are aligned with employee needs?

Describe how you gather employee feedback through surveys and focus groups, and how you use this data to tailor benefit offerings that promote employee satisfaction and retention.

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Can you share an example of how you’ve improved benefit offerings in a previous role?

Provide a specific instance where you identified a gap in benefit offerings, proposed enhancements, and successfully implemented changes that resulted in increased employee engagement or satisfaction within the organization.

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What is your experience with HRIS and data management systems?

Detail your proficiency with HRIS systems and any other relevant data management tools. Discuss how you have used these systems to track compensation and benefits data effectively and support reporting functions.

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How would you approach optimizing a benefit program after a company acquisition?

Outline strategies for evaluating existing benefit plans, conducting employee surveys, and collaborating with leadership to identify the best options moving forward in a way that ensures a smooth transition and supports employee retention.

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What role does emotional intelligence play in managing compensation and benefits?

Explain how emotional intelligence helps you navigate complex employee relations situations, assess organizational dynamics, and build trust with employees, ensuring they feel valued and understood during discussions of compensation and benefits.

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Bosch is a global supplier of technology and services. Bosch specializes in consumer goods, industrial technology, and energy technology. It offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing...

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Full-time, on-site
DATE POSTED
December 9, 2024

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