Director of Total Rewards

The Director of Total Rewards is a key leadership role within the People Team and is responsible for designing, implementing, and managing the organization’s total rewards strategy. This encompasses compensation, benefits, and other employee perks aimed at attracting, motivating, and retaining top talent. The Director of Total Rewards will play a pivotal role in shaping and optimizing the organization’s overall rewards structure.

Essential Functions

• Develop and execute a comprehensive compensation strategy aligned with the organization’s business goals and market competitiveness.
• Conduct regular market analyses to ensure the organization’s compensation practices are competitive.
• Oversee the annual salary review process, including merit increases and bonus programs.
• Design and administer employee benefits programs, including health insurance, retirement plans, and other perks.
• Evaluate and recommend improvements to the benefits package to enhance employee satisfaction and well-being.
• Ensure compliance with relevant laws and regulations related to employee benefits.
• Develop and manage recognition programs, including companywide events, to acknowledge and reward employee contributions.
• Implement well-being initiatives that support a healthy work-life balance and enhance the overall employee experience.
• Utilize HR analytics to assess the effectiveness of total rewards programs and make data-driven recommendations for improvements.
• Prepare regular reports on compensation and benefits metrics for leadership.
• Stay abreast of relevant laws and regulations governing compensation and benefits.
• Ensure the organization’s total rewards programs are in compliance with legal requirements.
• Develop and implement communication strategies to educate employees about their total rewards package.
• Provide guidance and training to total rewards team members
• Manages the development, implementation, policies and administration of compensation and benefit programs including base compensation, short- and long-term incentive-based compensation and equity award programs.
• Monitors the effectiveness of existing compensation practices and recommends changes that are cost-effective and consistent with compensation trends and corporate objectives.
• Drafts and communicates annual compensation policies, benefits guides, and perk program overviews.
• Provides advice to corporate staff on pay decisions, policy interpretations, and job evaluations.
• Conducts Compensation Study and analysis for merit increase review.
• Collaborates on annual performance evaluations in support of Director, Employee Experience.
• Designs creative solutions to specific compensation-related programs and incentive plans
• Develops techniques for compiling, preparing and presenting data. Compiles data from records and prepares reports.
• Responsible for accuracy and clarity of data.
• Ensures compliance with reporting requirements, federal, e and local compensation laws and regulations.
• Administers and Coordinates various employee welfare and retirement benefit programs.
• Coordination of vendor relations with regard to benefits.
• Preparations of 5500 forms and Summary Annual Reports.
• Maintains plan documents (SPDs, SMM, etc.)
• Prepares and distributes all required plan notifications.
• Maintains statistical data relative to premiums, claims and costs. Resolves administrative problems with carrier representatives.
• Coordinates the Benefits Committee meetings and oversees any plan modifications or changes.
• Assists in coordinating employee Health and Wellness fairs and events.
• Assists with annual EEO-1 compliance reporting.

Additional Responsibilities

• Knowledge of all federal, state and local regulations and compliance requirements related to employee compensation.
• Strong analytical skills and ability to interpret and communicate data.
• Computer proficiency and technical aptitude with the ability to use Microsoft products, including Excel.
• Strong leadership and team management skills.
• Excellent time management skills and ability to plan and set priorities.
• Excellent verbal and written communication skills.
• Strong interpersonal skills in dealing with senior management.
• Support of and involvement in company, department, and/or safety policies, procedures, programs and activities.
• Maintenance of a clean and orderly work area.
• Other duties as assigned.

Job Qualifications

• Bachelor’s degree or equivalent in business, human resources or related field and 5+ years of progressively responsible experience in employee compensation and benefits including 5+ years supervisory and leadership experience
• Extensive experience in compensation and benefits management, with a focus on total rewards strategy.
• In-depth knowledge of compensation practices, benefits administration, and executive compensation trends.
• Strong analytical and quantitative skills, including proficiency in HR analytics.
• Knowledge and experience with SEC reporting requirements. knowledge of laws and regulations as they apply to base compensation and incentive compensation programs, company policies, and operations.
• Certified compensation professional credentials (CCP and CBP) preferred.
• Excellent communication and interpersonal skills.
• Demonstrated experience in managing and leading a team.

Physical Requirements

• While performing the duties of this job, the employee is occasionally required to stand, walk, sit, reach with hands and arms, and talk or hear.
• Employee must exert up to 30 lbs. of force occasionally, and/or up to 10 lbs. of force frequently, and/or a negligible amount of force constantly to move objects.
• Specific vision abilities required by this job include near acuity, far acuity, depth perception, accommodation, color vision, and field of vision.

To apply send resume to [email protected]