VP, Total Rewards Strategist

6 days ago

Beaverton, Oregon, United States FormFactor Full time
Position:
VP, Total Rewards

Location:

Beaverton, OR

Job Id:
5482

# of Openings:
1

VP, Total Rewards

FormFactor, Inc

Beaverton, OR (Hybrid)

At FormFactor, we're shaping the future of semiconductors and rewriting the narrative of innovation. As a leading player in the industry, we're seeking a dynamic VP of Total Rewards who will transcend traditional compensation and benefits management. This role demands innovation, leadership, and strategic vision to craft a total rewards philosophy that aligns with our mission to revolutionize semiconductors with advanced packaging.

PURPOSE

Our Total Rewards strategy aims to attract, retain, and inspire employees, ensuring the rewards system reflects the workforce's diversity and aligns with our strategic goals. The VP will design and implement cutting-edge rewards strategies to foster an environment where excellence is recognized, well-being is prioritized, and each team member feels valued.

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Develop and execute a comprehensive total rewards strategy aligned with FormFactor's strategic objectives and our core values.
  • Plan and deliver content for key agenda items at the Compensation Committee of the Board of Directors, providing necessary information for executive compensation decisions.
  • Design, implement, and maintain competitive compensation programs, including base pay, variable pay, equity incentives, and executive compensation.
  • Oversee employee benefits programs, ensuring they meet the diverse needs of the workforce.
  • Execute equity programs, improve processes, and collaborate with HR, Payroll, Finance, and Legal for comprehensive equity plan administration.
  • Utilize data analytics and benchmarking to make informed decisions about total rewards, regularly reviewing and adjusting programs.
  • Ensure compliance with relevant laws and regulations, maintaining strong governance practices.
  • Partner with Talent Acquisition to develop attractive total rewards packages and with People Experience Partners for retention strategies.
  • Develop communication strategies to educate employees on their total rewards value.
  • Manage relationships with external vendors, consultants, and benefit providers.
  • Lead and mentor a team of total reward professionals, fostering their growth and development.
  • Serve as a key partner to the People Operations team, supporting the organization's human capital strategy.
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED
  • A Bachelor's degree in Human Resources, Business, or a related field.
  • At least 10 years of progressive experience in compensation and benefits, with success in publicly traded companies.
  • A strong understanding of global compensation and benefits practices, regulations, and market trends.
  • Exceptional analytical and problem-solving skills, with the ability to translate data into actionable insights.
  • Comfort with new technologies and tools.
  • Strong leadership, team management, and conflict resolution skills.
  • Excellent communication and presentation skills, with experience presenting to senior leadership and the Board of Directors.
  • The ability to manage multiple priorities in a fast-paced environment and a flexible, growth-oriented mindset.

FormFactor is committed to providing a work environment where everyone is treated with dignity and respect. We are an Equal Employment Opportunity (EEO) employer and are committed to compliance with all Federal, State, and local laws that prohibit employment discrimination on the basis of age, race, color, sex (including breastfeeding and related conditions), gender (including gender identity and gender expression), national origin, ancestry, sexual orientation, religion, physical or mental disability, marital status, registered domestic partner status, medical condition, military or veteran status, genetic characteristics or information, or any other legally protected characteristic. These protections extend to all employment and management decisions including, but not limited to, recruiting, hiring, training, promotions, pay practices, benefits, disciplinary actions and terminations, and all other terms and conditions of employment.

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