Collaborate with senior executives and HR leadership to manage the compensation philosophy and related strategies
Oversee base and variable pay plans and programs, including the annual merit planning cycle
Conduct research, analysis and monitor trends to determine recommendations for improvement
Manage the long-term incentive program including modeling, grant and vesting events, and communications
Provide oversight and support to the Compensation Manager on annual incentive plan administration
Manage the organization’s global mobility and relocation programs
Oversee the job evaluation process to ensure positions are appropriately classified and compensated
Participate in market surveys, analyze data, and support the management of salary structures
Provide counsel and serve as a collaborative resource partner to management and Human Resources, and Talent Acquisition
Align compensation with performance management systems
Establish metrics and criteria for performance-based pay, ensuring reward systems are fair, transparent, and effectively tied to compliance and governance
Monitor relevant laws, regulations, and trends related to compensation practices
Ensure programs adhere to legal requirements and are considered best or leading market practices
Communicate compensation policies, programs, and changes to employees
Analyze compensation data, metrics, and trends to assess the effectiveness of existing programs and identify areas for improvement
Generate reports for management and executives, providing insights and recommendations
Manage the compensation department budget and ensure compensation programs are fiscally responsible and align with budgetary expectations
Manage executive perquisites including supplemental insurance, financial planning, severance and other programs
Prepare and/or review meeting materials and compensation analytics for the Human Resources Committee
Lead team responsible for the planning and execution of all compensation related programs and activities
Requirements
A Bachelor's Degree in Human Resources, Business Administration, or related field is required
10 or more years of relevant Compensation work experience and/or relevant Human Resources experience
5 or more years of experience in a supervisory or management level position
Certified Compensation Professional (CCP) designation and/or Society for Human Resource Management (SHRM) certification preferred
Knowledge of Legal, Financial, Accounting, Tax and Regulatory effects on compensation, benefits and global mobility matters
Establishes departmental policies, practices, and procedures that have a significant impact on the organization
Ability to meet time-sensitive deadlines and maintain strict confidentiality of information at all times
Ability to foster collaboration and teamwork
Excellent oral and written communication skills, must be able to communicate with Board of Directors, Executive Leaders, and the employee population
Strong analytical thinking and mathematical skills
Intermediate to advanced Excel knowledge and skills