Manager, Compensation & Benefits

Toronto, ON, Canada

Job Description


Company Overview: Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In 2021 and 2022 Banyan was named the #1 fastest growing private software company on the Inc 5000 (US) and listed in Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Description of the Role
: As we continue to expand our global footprint, we are seeking a highly skilled Compensation and Benefits Manager to join our dynamic team. The Compensation and Benefits Manager will play a pivotal role in designing, implementing, and managing a comprehensive compensation and benefits programs that aligns with Banyans objectives and supports our extremely talented workforce across multiple global locations. Reporting into our Chief People Officer, this role offers a unique opportunity to work in a dynamic fast-paced environment, collaborating with key stakeholders to design a competitive and equitable compensation program.
Reporting to:
Chief People Officer
Compensation Strategy and Analysis:

  • Develop and implement a competitive, global compensation strategy which retains and addresses fair and equal pay practices.
  • Conduct regular market analyses to ensure the competitiveness of our compensation packages.
  • Collaborate with senior leadership to align compensation programs with business goals.
  • Oversee the design, communication, and administration of global employee benefit programs.
  • Ensure compliance with local regulations and industry standards.
  • Evaluate and recommend enhancements to the benefits portfolio to meet the diverse needs of our workforce.
  • Manage our international mobility compensation programs, including expatriate allowances, and relocation packages in tandem with HR and TA.
  • Work closely with HR, Talent Acquisition and legal teams to ensure compliance with tax and immigration regulations.
  • Utilize data analytics to assess the effectiveness of compensation and benefits programs.
  • Provide insights and recommendations to HQ leaders based on market trends and internal data.
  • Evaluate potential Operating Companies that are pre-purchase to give a compensation scorecard and recommendations to our M&A team.
  • Develop and update compensation and benefits policies in accordance with our Legal Department and regulatory requirements.
  • Effectively communicate policies clearly to employees and ensure understanding across the organization.

Requirements: The ideal candidate for the role will possess the following characteristics:
  • Bachelor\xe2\x80\x99s degree in Human Resources, Business, or a related field.
  • Proven experience in compensation and benefits management, internationally preferably within the private equity industry.
  • Strong understanding of global compensation practices and regulations.
  • Excellent analytical and quantitative skills with proficiency in data analysis tools.
  • Effective communication and interpersonal skills with the ability to work collaboratively in a team-oriented environment.
  • Detail-oriented with a commitment to accuracy and compliance.

Banyan Software company encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodation needed to support your participation in the recruitment process.
Banyan Software is an equal opportunity employer and makes employment decisions without regards to race, gender, disability or protected veterans\xe2\x80\x99 status.

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Job Detail

  • Job Id
    JD2261753
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Toronto, ON, Canada
  • Education
    Not mentioned