Global Compensation & Analytics Director (6847 )

Human Resources North Mankato, Minnesota Minnetonka, Minnesota


Description

Position at Taylor Corporation

The Global Compensation and Analytics Director develops, implements, and administers Total Rewards strategies including employee, sales and executive compensation and analytics programs and practices to support the Total Rewards and company strategies.

Essential Functions:

  • Develops implements and manages Global Executive, Sales, and Employee compensation plans and program and financial benefit plans.
  • Provides expertise in the design of international compensation and analytics plans.
  • Creates and organizes annual merit review plan and process.
  • Designs and administers and ensures compliance of all base and bonus/incentive compensation programs
  • Benchmarks/surveys current compensation programs to measure internal and external competiveness.
  • Establishes total rewards communication strategy and works with others to implement the same.
  • Partners with finance, underwriting, human resources, et al and external vendors in design of various plans ensuring legal compliance, maintaining fiduciary duties toward plans, ensuring financial soundness, and optimizing value of total rewards to the employees.
  • Creates monthly executive analytics to drive business decisions
  • Builds relationships by meeting with internal customers to ascertain effectiveness of total reward programs, gain understanding of business units' future challenges and ensures total reward programs are available to address future operations.
  • Develops Global Compensation budget consistent with the strategic plan and overall Company budget.
  • Develops, implements and administers pay programs including assigning career framework levels and salary ranges.
  • Researches external best practices and stays abreast of company strategies in order to develop supporting Total Reward strategies.

Other Responsibilities:
  • Leads Compensation implementation of new HCM system
  • Provides consultation analysis on compensation for due diligence for acquisitions.
  • Plans and leads the integration of acquired employees into compensation programs and systems
  • Carries out leadership and management responsibilities in accordance with the organization’s policies and ensures compliance with applicable state and federal laws.

Leadership:

  • Leads Global Compensation and Analytics staff ensuring development of functional thought leaders and ample bench strength.
  • Maintains HR staff by recruiting, selecting, orienting, and training employees
  • Maintains HR staff job results by counseling and disciplining employees; planning, monitoring, and appraising job results
Knowledge, Skills, Abilities and Other Qualifications:
  • BA/BS degree in business, human resources management or related field. Master’s degree preferred.
  • 10+ years of experience in benefits, compensation including total rewards strategy, plan design, cost management and analysis
  • 5 years demonstrated management or high-level individual contributor experience in a Human Resources discipline.
  • Certified Compensation Professional (CCP) and/or other industry recognized certification(s) strongly preferred
  • Experience major HCM preferred (Workday, Oracle Fusion, etc)
  • Comprehensive knowledge of total rewards benefit plan evaluation and assessment.
  • Comprehensive knowledge of FLSA, 409A, Equal Pay Act, ERISA, DOL and IRS regulations governing administration of both qualified and non-qualified plans.
  • Ability to successfully manage all tasks and activities across business lines as well as with external partners.
  • Demonstrated experience in driving change and leading compensation initiatives, (base, bonus, short-term and long-term incentives)
  • Strong leader with the ability to work with and influence others effectively at the executive level and cross-functional
  • Ability to work in a constantly changing environment
  • Proven business partner, relationship management skills, and the ability to interact successfully with all departments and levels, internally and externally
  • Strong analytical and quantitative skill
  • Strong organizational and communication skills
  • Strong business skills and financial acumen.
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