Senior Director of Total Rewards

PURPOSE OF POSITION:

The Senior Director of Total Rewards is responsible for the strategic leadership and management of the company’s total rewards programs. This position ensures that the total rewards strategy aligns with the organization’s culture, business objectives, and growth trajectory, while remaining competitive and compliant with all regulatory requirements and company policies. Additionally, this role ensures consistent administration of all compensation and benefits programs. Reporting to the Head of HR, this new position for IEM plays a key part in supporting the company’s efforts to attract, retain, and motivate top talent, contributing to the ongoing success and scaling of the business.

ESSENTIAL FUNCTIONS:

Compensation Strategy and Management:

• Develop and execute a comprehensive compensation strategy that aligns with company objectives, market trends and government regulations.
• Conduct regular benchmarking and market analysis to ensure competitive salary structures.
• Collaborate with Head of HR to design, implement, and maintain job bands, pay grades, salary structures, and incentive or variable pay.
• Work with HR leadership to manage the annual compensation review process, including salary adjustments, bonuses, and incentive programs.
• Provide guidance to leadership on pay transparency strategies, ensuring alignment with legal requirements and best practices.
• Design and administer incentive programs, including performance-based bonuses, equity compensation, and recognition programs.
• Develop and implement metrics to measure the effectiveness of compensation programs in driving business outcomes.

Benefits Program Design and Administration:

• Evaluate existing benefits offerings to identify gaps and opportunities for enhancement.
• Research and recommend innovative benefit programs to support employee well-being, engagement, and retention.
• Partner with benefits vendors and brokers to optimize program costs and services.
• Ensure benefits plans comply with legal requirements, including ACA, ERISA, and other regulatory mandates.
• Oversee benefits communication, ensuring employees understand and maximize available offerings.

Collaboration and Leadership:

• Build and develop the Total Rewards team; total rewards strategy and administration are currently distributed across multiple roles with no specialized total rewards team in place.
• Partner with HR colleagues to ensure alignment between strategies throughout the employee lifecycle such as talent acquisition, talent development, employee engagement, employee recognition, wellbeing, etc.
• Act as a trusted advisor to executives and managers on compensation and benefits matters, providing data-driven insights and recommendations to support strategic decision-making.
• Foster a culture of transparency and trust by effectively communicating the value of total rewards to employees.

EDUCATION AND EXPERIENCE:

REQUIRED

• Bachelor’s degree in human resources, business administration, finance, related field or equivalent combination of education and experience.
• Minimum of 8 years of experience in total rewards, with at least 2 years of people leadership experience.
• Strong knowledge of compensation practices, job evaluation methodologies, and benefits administration.
• Familiarity with relevant laws and regulations, including FLSA, ACA, ERISA, and pay equity laws.
• Strong project management skills to lead and implement total rewards initiatives, such as annual compensation reviews, benefits program updates, or system implementations.
• Ability to analyze compensation data and provide actionable insights to leadership. 
• Excellent verbal and written communication skills, interpersonal and customer service skills.
• Strong analytical, problem-solving abilities, and attention to detail.
• Proven ability to work independently, take initiative, and manage responsibilities with minimal supervision.
• Able to handle confidential information with discretion.
• Experience with HRIS systems, particularly with compensation and benefits modules.
• Proficiency in Microsoft Office Suite.
• Ability to travel up to 25% of the time.

DESIRED

• Certified Compensation Professional (CCP) or Certified Benefits Professional (CBP) certification.
• Manufacturing industry experience – experience developing strategies and administering total rewards programs for employees on the shop floor through the C-Suite.