Director, Total Rewards

Responsibilities

• Total Rewards Strategy:
• -Develop, implement, and maintain a total rewards strategy aligned with the company's business goals, values, and culture.
• Innovate and react quickly as business and market realities change, staying up to date on best practices and trends; ensure compliance with applicable legislation.


• Compensation Management:
• Oversee the design, execution, and management of the company's compensation programs, including base salary, bonuses, long-term incentives, and executive compensation.
• Lead the team through regular benchmarking cycles to analyze and assess market data, industry trends, and best practices to create market competitive reward packages.
• Implement and maintain performance-based pay strategies that reward high performance and drive employee engagement.
• Ensure equity and fairness in compensation practices while maintaining compliance with relevant regulations.
• Develop and implement additional pay policies and practices in line with the needs of a global and complex business.
• Collaborate with People and leadership teams to align performance management processes with compensation practices.


• Benefits Administration:
• Bring innovative practices and designs to our employee benefits programs through the lens of supporting all generational and life stage needs – including health and wellness benefits, retirement plans, and other benefit programs.
• Collaborate with benefits vendors to optimize offerings, control costs, and enhance employee satisfaction.


• Compliance and Governance:
• Stay informed about relevant labor laws, regulations, and industry standards, ensuring all compensation and benefits programs comply with legal requirements.
• Work closely with legal and compliance teams to address any issues or concerns.


• Data Analysis and Reporting:
• Drive analytical rigor and deep analysis on effectiveness and competitiveness of existing programs; establish key metrics including usage, engagement, and cost analyses.
• Leverage analytical, communication and presentation skills to provide insights to senior leadership on the impact of total rewards on talent attraction, retention, and engagement.


• Budgeting and Cost Management:
• Develop and manage the total rewards budget, ensuring cost-effective solutions that align with the company's financial objectives.


• Communication and Education:
• Develop and execute communication strategies to educate employees about compensation and benefits programs.
• Provide guidance and support to people team and management in addressing employee inquiries related to total rewards.

Qualifications

• Bachelor’s degree in Business, Human Resources, or a related field required.
• Minimum of 10+ years of human resources experience with a focus and core competency in compensation
• Strong business acumen with a focus on life sciences.
• Demonstrated ability to effectively develop and lead comprehensive total rewards programs that drive talent attraction
• High level of emotional intelligence, natural leadership aptitude, and strong partnership skills
• Demonstrated skill in building relationships at the senior level, influencing, and driving to consensus
• Strong project management and prioritization skills, with the ability to pivot quickly
• Deep data-orientation and desire to fuel business decisions by providing insights
• Expert in HR systems and MS office tools with a focus on Excel and PowerPoint
• Deep knowledge of HR compliance, employment law, and regulatory requirements