Vice President of Total Rewards and Compensation
15 hours ago
We are seeking a highly skilled and experienced Vice President of Total Rewards to lead our compensation and benefits strategy. This role requires a strategic leader with a deep understanding of market trends, compensation analytics, and employee benefits.
Key Responsibilities- Develop and implement the total rewards strategy to support organizational goals and attract, retain, and motivate top talent.
- Partner with executive leadership to align reward programs with business objectives and company culture.
- Provide strategic guidance on compensation and benefits to the Board of Directors and senior management.
- Oversee the design, implementation, and administration of base salary, variable pay, and executive compensation programs.
- Conduct market research and benchmarking to ensure competitive and equitable compensation practices.
- Manage compensation structures, including salary ranges, job leveling, and pay equity analysis.
- Lead the design and management of employee benefits programs, including health, retirement, wellness, and other employee perks.
- Ensure benefits programs are competitive, cost-effective, and compliant with relevant regulations.
- Evaluate and negotiate with vendors and service providers to optimize benefits offerings and costs.
- Ensure all reward programs comply with legal and regulatory requirements.
- Develop and implement policies and procedures to ensure adherence to compensation and benefits regulations.
- Monitor changes in employment laws and regulations and adjust programs as necessary.
- Utilize data analytics to assess the effectiveness of total rewards programs and make data-driven recommendations.
- Prepare and present reports to senior leadership and the Board of Directors on compensation and benefits metrics and trends.
- Monitor and analyze compensation and benefits metrics to drive continuous improvement.
- Build, lead, and develop a high-performing Total Rewards team.
- Foster a collaborative and inclusive work environment within the Total Rewards function.
- Provide mentorship and professional development opportunities for team members.
- Develop and execute communication strategies to educate employees about total rewards programs.
- Address employee inquiries and concerns related to compensation and benefits.
- Promote employee engagement and satisfaction through effective rewards and recognition programs.
- Bachelor's degree in human resources, Business Administration, Finance, or a related field. MBA or advanced degree preferred.
- Certifications in related areas are highly desirable.
- Proven experience (typically 10+ years) in total rewards, compensation, executive compensation, benefits, or a related field, with a significant portion in a leadership role.
- Extensive experience in designing and managing compensation and benefits programs at a senior level.
- Leadership - Guide and inspire a high-performing team.
- Customer Success - Build strong relationships with employees and ensure their success with our compensation and benefits programs.
- Continuous Improvement - Advocate for and implement a culture of continuous learning and improvement within the team.
- Account Strategy - Define and execute strategies to drive employee retention, renewal, upsell, and cross-sell.
- Cross-Functional Collaboration - Collaborate with other departments to align on company goals and ensure a unified employee experience.
- Medical, dental, and vision insurance.
- Employer-paid group term life and disability.
- Paid Time Off (PTO) and six paid holidays.
- 403(b) with a 3% employer match.
- Fitness center use at most facilities.
- Various voluntary benefits, including life, AD&D, tuition assistance, employee assistance program, legal services, home/auto insurance, discount purchasing program, and pet insurance.
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