Benefits & Compensation Manager - Thermoformed & Flexible Packaging (TFP)

Sonoco Products Company
life insurance, paid time off, tuition reimbursement, 401(k), retirement plan
United States, Illinois, Elk Grove
Jan 27, 2025
From a small family business to a multi-billion-dollar global company, Sonoco has been changing the face of products and packaging since 1899 - all while keeping the heart of "People Build Businesses" alive. Our talented people are at the core of our growth, constantly reinventing the Sonoco wheel with brilliant solutions every year. Today we are a world leader in global packaging solutions with diversified operations in over 34 countries. We're extremely proud of our portfolio of brands, our achievements in sustainability and industrialization and the groundbreaking work accomplished by our people. In September, Sonoco announced it is performing a strategic review of the Thermoforming Flexible Packaging (TFP) business unit. In order to support a newly formed global packaging company with annual revenues exceeding $1 billion, we are seeking a Benefits & Compensation Manager that be responsible to oversees the implementation, administration, and evaluation of core benefits and compensation policies, programs, and processes. Reporting to the Director, Human Resources - TFP this position is responsible for vendor management, transactional workflows, and operational compliance, while ensuring effective communication and collaboration with vendors and internal stakeholders. Additionally, the Benefits and Compensation Manager plays a key role in analyzing data, preparing reports, and driving continuous improvement. What you'll be doing: Oversees the administration of benefits programs, including health, dental, vision, life insurance, retirement plans, and wellness initiatives across the various regions, with heavy focus in US. Collaborate with regional /in-country HR and management on global benefits Oversee compensation program and strategies, including salary structures and incentive plans, that align with company's goals. Conduct ongoing market analysis to ensure competitive and fair benefit offerings and compensation practices aligned with industry trends and regional. Build and manage strong relationships with benefits providers, brokers, and third-party vendors, ensuring clear communication and streamlined processes. Participate in benefit provider contract negotiations and renewals; evaluate performance to ensure high-quality service and cost-effectiveness. Work with team members and vendors to update systems and processes in support of annual enrollment changes. Manage annual salary review process, including salary benchmarking and adjustments Collaborate with HR and management to develop and maintain job descriptions and hourly base rates Responsible for overseeing benefits plan audits, monitoring administrative costs of our benefits programs, and recommending cost-efficient alternatives. Oversee the management of employee benefits administration within the human resource information system (HRIS). Provide guidance and support to managers and employees on compensation and benefits-related issues Ensure strict compliance with all federal, state, and local compensation laws and regulations. This position will be located out of our Charlotte, NC office or Chicagoland, IL Area. We'd love to hear from you if: Bachelor's degree in HR, business administration or related field. Masters degree or HR-related certifications (i.e. GPHR, CEBS) are desirable. Minimum of 5 - 7 years of experience in compensation and benefits management Strong knowledge of compensation and benefits laws and regulations Excellent analytical and problem solving skills Strong communication and interpersonal skills Proficiency in HRIS and compensation and benefits management software Experience working with global teams and managing vendors across multiple countries helpful Compensation: The annual base salary range for this role is from $122,000 to $137,250, plus an annual target bonus of 7.5% of base salary. An annual bonus is awarded to eligible employees upon attaining various business and individual goals as defined by the Company and the department leader. This annual bonus is discretionary, and the Company has sole discretion to determine the amount of the award. At Sonoco Products Company, we offer a comprehensive total rewards package, including competitive pay and benefits. Benefits listed below are for employees located in the U.S. Specific benefits and wellbeing programs may vary depending on your location (within the U.S. or global), or if you are a union employee. Benefits* Medical, dental, and vision coverage for you and your dependents, including FSA and HSA options 401(k) retirement plan with company match Wellbeing tools and resources to support holistic health, including an Employee Assistance Program with a variety of services Paid time off and holidays to recreate, rejuvenate and care for the health of yourself and family Variety of company paid and voluntary employee-paid insurance plans including life, personal accident, and disability insurance Tuition reimbursement We are an equal opportunity employer, and we strictly prohibit and do not tolerate discrimination against employees, applicants or any other covered persons because of race, color, religion, national origin or ancestry, sex, pregnancy, sexual orientation, marital status, gender identity or expression, age, disability, genetic information, veteran status, or any legally protected characteristic.