Director of Total Rewards
Found in: Appcast Linkedin GBL C2 - 2 weeks ago
Position Overview: As the Director of Total Rewards, you will be responsible for developing and implementing comprehensive compensation and benefits programs that align with our company's objectives and support our employees' well-being. With a primary focus on compensation management/transformation and benefits harmonization, you will play a pivotal role in attracting, retaining, and motivating top talent while ensuring internal equity and external competitiveness.
Key Responsibilities:
- Strategy Development: Develop and execute a total rewards strategy that supports the organization's goals, values, and culture. This includes establishing clear objectives, benchmarks, and metrics for success.
- Benefits Harmonization: Lead efforts to harmonize and optimize our benefits programs across all locations and employee groups, ensuring consistency, compliance, and cost-effectiveness. Evaluate current offerings, identify areas for improvement, and implement changes to enhance the overall employee experience.
- Compensation Management: Oversee the design, implementation, and administration of broad-based compensation programs, including salary structures, incentives (including equity), and recognition initiatives. Conduct regular market analyses to ensure competitive pay practices and alignment with industry standards.
- Employee Wellness Programs: Collaborate with HR and other stakeholders to develop and promote employee wellness programs that support physical, mental, and financial well-being. Evaluate program effectiveness and make recommendations for enhancements.
- Compliance and Governance: Stay abreast of relevant laws, regulations, and best practices related to compensation and benefits. Ensure compliance with legal requirements and internal policies, and provide guidance to leadership on related matters.
- Vendor Management: Manage relationships with external vendors, consultants, and service providers to ensure the delivery of high-quality and cost-effective benefits and compensation solutions. Negotiate contracts and monitor performance to maximize value for the organization.
- Communication and Education: Develop communication strategies to effectively communicate the value of total rewards programs to employees. Provide education and training to managers and employees on compensation and benefits-related topics.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, or related field; Master's degree preferred.
- 10+ years of progressive experience in compensation and benefits management, with at least 4 years in a leadership role.
- Extensive knowledge of compensation principles, practices, and market trends.
- Strong understanding of benefits design, administration, and compliance requirements.
- Experience with benefits harmonization initiatives across multiple locations or business units.
- Demonstrated ability to develop and implement total rewards strategies that drive employee engagement and retention.
- Excellent analytical skills and proficiency in data analysis and interpretation.
- Exceptional communication, negotiation, and interpersonal skills.
- Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) designation preferred.
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