Vice President Compensation & Benefits
New York, New York, United States
Job type: fulltime
Job industry: Executive Positions
Monitor the internal equity and external competitiveness of the company's total reward practices through ongoing evaluation of business conditions, legal requirements, economic impact and competitive practices. Ensure programs are market-competitive and aligned with business and people strategies.
Create and articulate a total reward philosophy that aligns with the company's values and mission.
Plan, implement and manage all total reward programs and initiatives. Oversee plans, policies, and processes, including administration, communication, and training enablers.
Develop, maintain, and communicate an effective total rewards framework strategically aligned with and in support of the company's performance-based culture.
Develop and manage a contemporary and company-relevant market pricing process, to include alignment of appropriate benchmark surveys to internal positions and enablers to support readily available comparative analysis.
Develop, deploy, and manage market-based compensation structures and support functions, to include standard job descriptions, ranges, level guide charts, and geographic area differentials.
Partner with the recruiting team to develop competitive offers for new hires and existing employees; rooted in market data and aligned with the company's total reward philosophy.
Work with the HR business partners to advise and influence business leaders in total reward strategy, programs, process, and ad hoc actions.
Manage relationships with third party vendors and external consultants, including sourcing partners, negotiating contracts, and managing service level agreements.
Handle total reward needs associated with future growth/acquisitions, including assessing compensation and benefit plans, transition needs, and performing due diligence around practices of targeted acquisitions.
Partner with the Human Resources leads, Finance, and external resources on total reward planning to ensure adequate forecasts and calculations of expenditures for budgeting, reporting, and other analytics. Develop proposals to determine offerings based on budget, employee surveys, and other relevant data.
Ensure total reward plans and processes to comply with current federal and state regulations and requirements including reporting, required disclosures, and testing.
Maintain summary plan descriptions for benefits plans and programs, ensuring plan documentation is up-to-date and readily available.
Develop and manage a staff of highly skilled and motivated associates focused on the delivery of quality, value-added services and effectively allocate responsibilities and work processes across the function.
Ensure the tools (HRIS and external service providers) are in place to effectively manage total reward planning and administration, including enablers to drive informational and transactional self-service.
BS or BA degree with concentration in business management, finance, accounting, human resources or related field.
A minimum of 12+ years of responsible experience in and comprehensive knowledge of total rewards, including a minimum of five years managing teams and vendor relationships. Additional experience in finance or compensation/benefits consulting would be preferred but not required.
5+ years managing senior level direct reports
Experience selecting and managing external consulting relationships.
Experience managing compliance and regulatory requirements.
Experience sourcing and managing salary benchmarking surveys, including job matching, survey submissions, comparative reviews, and payline analysis. Compensation governance
A data-driven mindset and strong demonstrated analytical and problem solving skills-ability to influence, drive decisions and lead discussions utilizing data.
An understanding of market dynamics, industry trends, and best practices.
Excellent organization, prioritization, and customer service skills to effectively follow-up on complex and detailed work activities.
Experience thriving in a fast-paced, dynamic, team-oriented environment, with the ability to navigate complex issues while maintaining attention to detail.
Demonstrated experience in project management and process improvement methods.
Excellent written and oral communication skills.
High-level of proficiency in MS Access, Excel, Word, and PowerPoint.