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Position: Other
City and State: Santa Monica, CA
Job Description: Universal Music Group is the largest music company in the world. We're in over 70 countries, have nearly 11,000 employees, and are the market leaders in North America, Europe and Latin America. No other music company can offer opportunities as dynamic or far reaching. UMG's Human Resources Dept. is currently seeking a Director of Compensation for the Santa Monica, CA office. Job Summary: As a member of the Compensation and Benefits Department, the Director of Compensation actively participates in the management of UMG’s compensation programs. The Director of Compensation researches and analyzes UMG’s salary competitiveness and reports findings to UMG Sr. Management, participates in the design, development, and management of UMG’s merit, bonus, and incentive programs, manages and maintains UMG’s job description database, participates in compensation, benefits, and human resources special projects as required. Job Functions: The following job function statements describe the general nature and level of work being performed. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required. The job function statements reflect expectations of the fully proficient incumbent who meets all performance criteria and standards. 1. Participates in salary surveys and analyzes survey results in order to gauge UMG’s salary competitiveness. Actively develops Entertainment Industry contacts to keep informed of industry compensation trends. Advises management of UMG’s salary competitiveness and recommends changes to compensation programs to maintain competitiveness. 2. Manages merit increase programs. Reports to management on UMG’s salary competitiveness and assists in the preparation of merit increase budget recommendations. Assists in the development of annual merit increase guidelines. Develops merit schedule, creates merit increase spreadsheets, tracks completion, and creates budget utilization reports for Sr. Management. 3. Manages bonus and incentive programs. Develops bonus process schedule. Assists in the development of bonus program guidelines. Creates bonus program spreadsheets, tracks completion, and creates budget utilization reports for Sr. Management. In conjunction with HR generalists, works with business unit management in the development of incentive programs for targeted employees. Prepares incentive proposals and submits to Sr. HR Management for review and approval. 4. Performs classification analysis of new positions, recommends job level and approximate salary range. Maintains job code system, and assigns job codes to new positions. 5. Manages Deferred Compensation Program. Maintains records, updates computerized systems, computes interest earned, notifies employees of balances on a regular basis. 6. Assists in managing UMG’s web-based performance management process. Works with HR generalists in creation of business unit schedules. Creates employee communications related to the process. Tracks and analyzes participation by employees and managers. Recommends adjustments to both the process and the web based-tool. Reports on utilization and on performance scores. 7. Advises human resources staff and business unit management on compensation policy and federal and state laws related to compensation. Performs exemption testing related to the Fair Labor Standards Act. Keeps informed on changes to federal and state laws related to compensation and insures UMG’s compliance. 8. Assists in the maintenance of compensation-related tables in UMG’s HRIS system. Works with Sr. HR Management in the development and maintenance of monthly compensation-related HRIS reports. Job Requirements: 1. Job Knowledge and Skills: A comprehensive working knowledge of Compensation practices and principals. An advanced working knowledge of Microsoft Excel. PeopleSoft experience also required. 2. Experience: Seven to ten years of comprehensive professional experience in the field of Compensation. Experience must include the management compensation programs for a large company. 3. Education: A degree in a related discipline from a four-year college, or equivalent related seminars, classroom training, and experience. Universal has always been part of your entertainment experience. Now you can be a part of the Universal experience. We offer competitive compensation, excellent benefits, and the opportunity to bring your talent and professional expertise to the world of entertainment. EOE.
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