Lockheed Martin
VIC
Standard Job Description Develops, implements, and administers compensation and incentive plan policies, procedures, practices, and programs. Conducts surveys and studies labor markets to determine compensation trends; analyzes jobs and reviews job descriptions and specifications; applies job evaluation techniques to establish equitable compensation rates within the organization as compared with rates in industry; analyzes government regulations, company policies, and agreements with labor unions to establish standard rates; reviews classification and compensation changes and makes recommendations with respect to tasks to be performed, qualifications of employees, and company policy and budgetary limitations; provides guidance and makes recommendations to line managers and generalists on all compensation issues; and interprets local, state, and federal laws regulating compensation practices. Administers performance management processes. May be responsible for executive...