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Director of Total Rewards and Compensation Strategy

1 month ago

South Bend, Indiana, United States Search Solution Group Full time
Job Summary

The Director of Total Rewards will lead the development and execution of the organization's compensation, benefits, and rewards strategies. This role will collaborate closely with senior leadership to ensure that our total rewards programs are aligned with the company's business objectives, attract top talent, and support employee retention and engagement.

Key Responsibilities
  • Develop and implement a comprehensive total rewards strategy (compensation, benefits, recognition programs, etc.) to align with business goals.
  • Benchmark industry standards to ensure competitive positioning of compensation and benefits programs.
  • Ensure that reward programs support the organization's talent acquisition and retention strategies.
  • Design, evaluate, and oversee the salary structure, including base and incentive compensation plans, ensuring market competitiveness.
  • Lead the annual compensation review process, including salary benchmarking and incentive plan evaluations.
  • Partner with HR and business leaders to develop job leveling and pay structures that align with industry practices.
  • Ensure compliance with local, state, and federal regulations related to compensation.
  • Oversee the design and administration of health, wellness, and retirement benefit programs.
  • Evaluate and recommend new or improved benefit programs, including health, dental, vision, life, disability, and retirement plans.
  • Ensure cost-effectiveness and alignment with organizational objectives, while ensuring programs are attractive to employees.
  • Manage relationships with external benefits providers and vendors.
  • Design and manage performance-based rewards programs, ensuring they are effectively implemented across the organization.
  • Oversee recognition programs, ensuring alignment with corporate culture and values.
  • Collaborate with HR to integrate rewards with performance management programs.
  • Ensure compliance with all applicable regulations concerning compensation and benefits programs, including FLSA, ACA, and other local laws.
  • Regularly review internal policies and processes to mitigate risks associated with benefits and compensation.
  • Use data analytics to assess the effectiveness of total rewards programs and provide recommendations for improvement.
  • Present findings to senior management and provide recommendations for adjustments to current programs.
  • Lead, mentor, and develop a team of compensation and benefits professionals.
  • Partner with HR, finance, legal, and other business functions to ensure alignment of total rewards programs with organizational goals.
Qualifications
  • Bachelor's degree in Human Resources, Business Administration, or related field (Masters preferred).
  • Minimum of 10 years of progressive experience in compensation, benefits, or total rewards, with at least 5 years in a leadership role.
  • Experience designing and implementing compensation and benefits strategies in a large, complex organization.
  • In-depth knowledge of state and federal regulations affecting compensation and benefits (e.g., FLSA, ACA, ERISA).
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent interpersonal, communication, and leadership skills.
  • Ability to work collaboratively across functions and influence senior leadership.
  • Certification such as CCP (Certified Compensation Professional) or CEBS (Certified Employee Benefits Specialist) preferred.
Key Competencies
  • Strategic thinking and planning.
  • Financial acumen.
  • Change management.
  • Strong understanding of HR systems and data analysis tools.
  • Leadership and team development.
  • Excellent communication and presentation skills.