Job description
Position Overview: The Senior Manager of Total Rewards will be a key member of our Human Resources department, responsible for designing, implementing, and managing comprehensive total rewards programs that attract, retain, and motivate top talent. This role requires a strategic thinker with deep expertise in compensation, benefits, and recognition strategies, as well as strong analytical and communication skills.
Key Responsibilities:
- Strategy Development: Collaborate with senior leadership to develop and implement total rewards strategies aligned with the company's goals and objectives.
- Compensation Management: Lead the design, analysis, and administration of competitive and equitable compensation programs, including base pay, incentives, and recognition.
- Benefits Administration: Oversee the design, evaluation, and administration of employee benefits programs, ensuring competitiveness, compliance, and cost-effectiveness.
- Executive Compensation: Manage executive compensation programs, including equity-based incentives, deferred compensation, and executive benefits packages.
- Performance Management: Partner with HR Business Partners to integrate total rewards components into the performance management process, ensuring alignment with organizational goals and individual performance.
- Data Analysis: Utilize data analytics and benchmarking to assess the effectiveness of total rewards programs, identify areas for improvement, and make data-driven recommendations.
- Compliance: Stay abreast of relevant laws, regulations, and market trends to ensure compliance with legal requirements and best practices in total rewards management.
- Vendor Management: Oversee relationships with external vendors, consultants, and service providers to support the delivery of total rewards programs and services.
- Communication and Education: Develop and deliver communication and education initiatives to help employees understand and appreciate the value of their total rewards package.
- Change Management: Lead change management efforts related to total rewards initiatives, ensuring smooth implementation and adoption across the organization.
Qualifications:
- Bachelor's degree in Human Resources, Business Administration, Finance, or related field; Master’s degree preferred.
- 8+ years of progressive experience in total rewards management, with a focus on compensation and benefits.
- Experience with Workday, in particular the Benefits, Core Compensation, and Advanced Compensation Modules.
- Deep knowledge of compensation practices, including job evaluation, salary structures, and incentive plan design.
- Experience with benefits administration, including health and welfare plans, retirement programs, and wellness initiatives.
- Familiarity with executive compensation principles and governance practices.
- Strong analytical skills with the ability to interpret data, draw insights, and make recommendations.
- Excellent communication and interpersonal skills, with the ability to effectively influence and collaborate with stakeholders at all levels.
- Demonstrated project management skills, with the ability to manage multiple priorities and deliver results in a fast-paced environment.
- Certified Compensation Professional (CCP) or Certified Employee Benefits Specialist (CEBS) designation preferred.