VP, Total Rewards

DESCRIPTION

• Monitors the effectiveness of existing total rewards policies, guidelines and procedures, recommending plan revisions as well as new plans that are cost-effective and consistent with market trends and company objectives; coordinates implementation and provides guidance to leadership.
• Manages and administers the salary review programs. Analyzes pay practices and makes recommendations for salary changes to ensure internal and external equity.
• Ensures the annual benefits open enrollment is administered timely and highlights any new benefit offerings.
• Supervises the participation in, conducts and/or purchases salary surveys to ensure compensation objectives are achieved.
• Manages variable and non-variable compensation programs, including short and long-term incentive plans as well as B-share equity program, for employees to support the organization's objectives. Evaluate program effectiveness and competitiveness and make recommendations to management.
• Works with the benefits brokers to ensure benefits programs remain competitive.
• Manages the job evaluation process and develops the foundation for job descriptions across the organization
• Keeps apprised of federal, state and local compensation and benefits laws and regulations to ensure company compliance.
• Other duties as assigned.

PROFESSIONAL REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Experience with implementing and administering executive compensation programs
• Proficiency in MSOffice suite; advanced excel skills strongly preferred
• Excellent communication skills; ability to explain complex and confidential information at various levels within the company
• Experience with compensation survey software and ERP systems
• Strong analytical skills
• Ability to thrive in a fast-paced environment, handling multiple tasks and changing priorities, while maintaining attention to detail and excellent client service

Qualifications

• Minimum of 10 years in a progressive compensation role, including 5+ years in a leadership role administering base and variable compensation programs.
• Bachelor’s degree in Business, Finance, Human Resources or a related field; Master's degree preferred but not required
• CCP strongly preferred

Supervisory Responsibilities

• Directly manages compensation and benefits analysts. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Salary range for this position is $160,000 to $225,000