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Sr. Manager, Compensation
NextDecadeUnited Statesfull_timeVerifiedPosted 7 Jan 2025
About the role
ABOUT NEXTDECADE CORPORATION NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas and have proposed a carbon capture and storage project at the site. We remain committed to advancing and lowering the cost of utilizing carbon capture and storage and helping companies reduce their facility emissions and achieving their clean energy goals.. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
SUMMARY OF THE ROLE
We are seeking a highly experienced, skilled, and hands-on Sr. Manager of Compensation to join our dynamic and growing Human Resources team. The ideal candidate will be responsible for designing, implementing, and managing our organization's compensation programs to ensure they align with our overall business strategy and support the attraction, retention, and motivation of top talent. The Sr. Manager of Compensation will play a crucial role in analyzing market trends, benchmarking against industry standards, and developing competitive compensation structures to enhance our employee value proposition.
SUMMARY OF THE ROLE
We are seeking a highly experienced, skilled, and hands-on Sr. Manager of Compensation to join our dynamic and growing Human Resources team. The ideal candidate will be responsible for designing, implementing, and managing our organization's compensation programs to ensure they align with our overall business strategy and support the attraction, retention, and motivation of top talent. The Sr. Manager of Compensation will play a crucial role in analyzing market trends, benchmarking against industry standards, and developing competitive compensation structures to enhance our employee value proposition.
KEY RESPONSIBILITIES
- Design, review and update compensation programs, policies, and structures to ensure alignment with the business strategy and compliance with legal requirements for both exempt and non-exempt employees.
- Conduct regular market analysis and benchmarking, including participating in salary surveys, to ensure our compensation packages and pay ranges remain competitive in the industry. Recommend creative solutions to specific compensation challenges.
- Lead job evaluation processes to establish clear and consistent job levels and salary structures. Partner with HRBPs to create update and level job descriptions.
- Collaborate with HRBPs, recruiters and/or hiring managers to determine appropriate salary offers for new hires and promotions, effectively balancing external market with internal equity.
- Manage compensation processes, in alignment with our performance review cycle, which includes equity and cash budget modeling, merit and market increases, bonus payments, promotions, adjustment and equity grants. Support the development of summaries and presentations on the outcomes of these processes for senior leadership.
- Partner with the Manager, HRIS in the configuration and set up of the compensation module(s) of the HR platform.
- Develop and deliver training and communications to ensure that leaders and employees have a good understanding of our compensation philosophy and programs.
- Administer equity programs, including new grants, vesting events, trading authorization and stock pool tracking and reporting.
- Regularly assess the effectiveness of incentive programs and make recommendations for improvements as needed.
- Stay abreast of relevant labor laws, regulations, and industry trends to ensure the organization's compensation practices are compliant.
- Collaborate with legal and compliance teams to address any potential risks or issues related to compensation.
REQUIREMENTS
- Bachelor's degree in Human Resources, Business Administration, or a related field. Master’s degree or relevant certifications (e.g., CCP) preferred.
- 10 years of proven experience in compensation management, including designing and implementing compensation structures and strategies in diverse and dynamic organizations.
- Strong understanding of market trends in the energy industry, benchmarking methodologies, and compliance requirements related to compensation.
- Excellent analytical and quantitative skills, with advanced skills in using Excel and other data analysis tools.
- Exceptional communication and interpersonal skills, with the ability to influence, articulate insights and collaborate effectively across departments.
- High level of integrity, confidentiality, and attention to detail.
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