Western Digital is seeking an Executive Compensation Director to join our fast-paced Compensation team. The Ideal candidate possesses expert level data modeling and excel skills. Must possess the ability to analyze large amounts of data and utilize that data to communicate findings and influence decision making at senior executive and Board levels.
This role manages major executive compensation initiatives and/or programs and develops, implements, and administers executive compensation policy and practices. The right candidate will have the ability to analyze complex problems, multi-task and meet deadlines. The successful candidate is highly collaborative, displays excellent communication skills – both written and verbal – is an active listener, and can synthesize different data and viewpoints and understands the global context inclusive of workplace trends in our competitive environment. The role will report to the VP, Total Rewards.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
· Develop, analyze and execute competitive total compensation programs for our Executive Leadership Team (SVP+ level and C-Suite). Competitive total compensation programs include on-boarding, ongoing and off-boarding pay packages, base pay, short-term incentive plans, long-term incentive plans, equity awards, retention programs and severance plans, as well as any other programs and benefits related to the Executive Leadership Team.
· Conduct ongoing competitive analyses of executive compensation programs and pay components by benchmarking against industry peers and best practices, and participation in third-party or custom surveys.
· Manage the administration of our global LTI equity-based and cash-based compensation programs, including time and performance-based equity, award agreements, and equity plan governance. Collaborate with finance, legal, and other departments to ensure seamless integration and alignment of LTI programs with company policies and objectives.
· Support the preparation of the Executive Compensation sections of the proxy statement, including CD&A and proxy tables.
· Evaluates jobs using standard job evaluation techniques; determines levels within the executive team and benchmarks each role relative to the market.
· Supports compensation processes such as merit, short-term and long-term incentive processes, including preparation of materials for the Compensation and Talent Committee of the organization’s Board of Directors. Partners with internal stakeholders to ensure data and system readiness to deliver such processes.
· Supports preparation of annual proxy disclosures, the Pay versus Performance tables and disclosures, and the CEO pay ratio disclosure
· Partners with stock plan administration team to administer equity program and forecasts and monitors the company’s equity spend and burn rate to advise senior executives and the Board
· Manages monthly equity grant approval process (off-cycle equity awards)
· Survey data submission to external consultants, advisors, and proxy advisory firms to ensure alignment with our compensation strategy and governance trends.
· Remains current on legal and governance developments associated with public-company executive compensation programs, including proxy advisor guidance.
· Acts as internal consultant/advisor to managers and other cross functional team. Makes recommendations to senior leaders on executive compensation issues.
· Creates materials to effectively communicate executive compensation programs, policies, and practices to executives.
· Conducts research, including review of public-company proxies and other SEC filings to evaluate market practices for executive compensation programs. Familiar with standard research platforms, including Equilar and Capital IQ.
· Effective communication skills and executive presence to advise and influence C-Suite executives.