Total Rewards Director

Korn Ferry has partnered with our client on their search for Total Rewards Director. Relocation: Assistance available Reports to: Head of Human Resources Role Overview: Director, Total Rewards will be responsible for the development, administration and strategy for shaping comprehensive compensation and benefits programs that enhance the company's ability to hire, motivate and retain highly skilled, top talent. The position reports to the Head of Human Resources and supports the organization by developing solutions and innovative approaches in the design of compensation and benefits solutions and strategies to achieve business goals. The position has responsibility for overseeing compensation and benefits, with supervision over the design, execution, and management of all related programs, including pension administration. Role and Responsibilities: Critical responsibilities include: Build strong partnerships with key internal and external stakeholders. Identify and manage stakeholders up to top management level, finding out their needs/issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions. Manage and develop a team of 1 or more direct reports. Act as a liaison with selected outside advisers or consultants in providing information and data for analysis and benchmarking. Drive analytical rigor and analysis on effectiveness and competitiveness of existing programs and offerings; establish key metrics including usage, engagement, and cost analyses. Develop and implement total rewards strategies that align with the organization's goals and objectives and is aimed at attracting and retaining talent in a competitive environment across multiple disciplines. Provide strategic direction, planning, and requirements to execute the design, implementation, communication, and administration of the company's compensation programs, including annual short- and long-term incentives and executive compensation Ensure that the total rewards programs comply with all relevant laws, regulations, and company policies. Continuously evaluate the effectiveness of rewards programs to ensure they are aligned with business and talent strategies and monitor market trends to make recommendations for changes, as appropriate. Work within ADP HRIS system for payroll processing, managing compensation programs and benefits administration. Direct and oversee global payroll operations to ensure accuracy and compliance. Stay updated on global payroll regulations and compliance requirements. Continue to evolve and operate reporting and analytics to drive business results Lead the team through regular benchmarking cycles to analyze and assess market data, industry trends, and best practices to create market competitive reward packages. Develops benefit administration and payroll requirements for our HRIS system to enhance administration and our HR reporting/analytics capabilities. Manage and oversee two distinct pension programs, ensuring compliance with regulatory requirements and company policies. Communicate with plan participants to provide information and support regarding their pension benefits. Develop and implement a comprehensive strategy to harmonize pay structures and policies from acquired companies into the main company. Monitor and evaluate the effectiveness of pay harmonization initiatives, adjusting as needed to achieve desired outcomes. Experience and Qualifications: 7+ years of related experience in compensation and benefits. Experience managing a team of 1 or more direct reports. Experience developing and implementing global compensation strategies that support organization goals and objectives. Demonstrated track record of design, development, communication and administration of total rewards strategies and plans, including bonuses, incentives, and other compensation vehicles, 401K, pension plans, and health & welfare benefits. Ability and willingness to work onsite from Racine, WI 1 or more days per week. SE#

Created: 2024-10-30