Director - Compensation

The Director - Compensation will design, lead, and maintain the Company’s compensation programs, including base pay, short and long-term incentives.  

Reports directly to the VP, Total Rewards and manages a team that is responsible for the development and deployment of compensation solutions through analysis, tools, process, consulting, and reporting.

RESPONSIBILITIES

• Oversee the company’s pay programs, including base salary, short-term incentives, and long-term incentives
• Lead the annual market benchmarking process to update survey matching and ensure the Company’s pay programs are competitive and aligned with the marketplace
• Partner with other members of the Human Resources team and business leaders on pay package recommendations that address business needs and attract, retain, and motivate top talent
• Plan and execute the annual merit/bonus cycle and assist the HR community and business areas in understanding their role, timelines, and support them with decision-making
• Conduct the annual evaluation of salary ranges and incentive targets for potential movement/changes as needed
• Develop content and educational materials to articulate our pay programs and support the rollout of new initiatives
• Conduct regular and ad hoc analysis of market trends and internal pay equity to ensure compensation practices remain competitive and compliant with relevant regulations
• Lead the review and updating of our career architecture and classification program to evaluate job levels and equitable compensation across roles
• Partner with other members of the Human Resources team to integrate compensation programs with performance management processes, ensuring alignment between pay and performance
• Manage relationships with external vendors, such as compensation consultants and survey providers to support compensation decision-making
• Aid in the development of global, standard compensation processes and policies, including employee mobility, bonus processing and equity administration
• Stay abreast of laws and regulations related to compensation and ensure that the organization's compensation programs comply with legal requirements and industry standards
• Partner with HRIS on system upgrades, enhancements, and testing for the compensation processes and modules
• Drive process improvement and innovation
• Identify opportunities for improved accuracy, consistency and reporting of compensation data through periodic audits

EDUCATION & EXPERIENCE QUALIFICATIONS

• Bachelor’s degree or equivalent experience
• Minimum 10 years’ experience in the compensation field
• Minimum of 5 years managing others

REQUIRED KNOWLEDGE, SKILLS or ABILITIES

• Demonstrated knowledge and acumen in compensation principles, programs and practices
• Strong analytical and problem-solving skills with the proven ability to develop creative solutions
• Excellent project management skills, including planning, time management, and organization skills
• Ability to build effective working relationships by taking a customer-focused approach
• Ability to analyze, evaluate and report compensation data and information
• Self-motivated to seek out and act on feedback to develop own expertise
• Strong communication skills, in writing correspondence and effectively presenting information individually or in group situations to varied levels of stakeholders
• Advanced Microsoft Excel skills
• Excellent analytical and quantitative skills
• Strong understanding of regulatory requirements around compensation
• Ability to thrive in a fast-paced, agile environment
• Workday experience is preferred
• MarketPay experience is preferred