- Build strong partnerships with key internal and external stakeholders.
- Identify and manage stakeholders up to top management level, finding out their needs/issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.
- Manage and develop a team of one direct report (Benefits Specialist).
- Acts as a liaison with selected outside advisers or consultants in providing information and data for analysis and benchmarking.
- Drive analytical rigor and analysis on effectiveness and competitiveness of existing programs and offerings; establish key metrics including usage, engagement, and cost analyses.
- Develop and implement total rewards strategies that align with the organization's goals and objectives and is aimed at attracting and retaining talent in a competitive environment across multiple disciplines.
- Provide strategic direction, planning, and requirements to execute the design, implementation, communication, and administration of the company's compensation programs, including annual short- and long-term incentives and executive compensation
- Ensure that the total rewards programs comply with all relevant laws, regulations, and company policies.
- Continuously evaluate the effectiveness of our rewards programs to ensure they are aligned with our business and talent strategies and monitor market trends to make recommendations for changes, as appropriate.
- Work within ADP HRIS system for payroll processing, managing compensation programs and benefits administration.
- Direct and oversee global payroll operations to ensure accuracy and compliance.
- Stay updated on global payroll regulations and compliance requirements.
- Collaborate with HR and finance teams to ensure seamless integration of payroll,.
- Drive competitive and attractive total rewards strategies that are cost-effective and consistent with market trends and aligned to Twin Disc's business priorities.
- Continue to evolve and operate reporting and analytics to drive business results
- Lead the team through regular benchmarking cycles to analyze and assess market data, industry trends, and best practices to create market competitive reward packages.
- Develops benefit administration and payroll requirements for our HRIS system to enhance administration and our HR reporting/analytics capabilities.
- Manage and oversee two distinct pension programs, ensuring compliance with regulatory requirements and company policies as well as partner with Wilson Towers Watson (WTW).
- Communicate with plan participants to provide information and support regarding their pension benefits.
- Develop and implement a comprehensive strategy to harmonize pay structures and policies from acquired companies into the main company.
- Monitor and evaluate the effectiveness of pay harmonization initiatives, adjusting as needed to achieve desired outcomes.
- 10+ years of related experience in compensation, benefits, and payroll.
- Strategic thinking: The Director, Total Rewards should be able to think strategically and develop a long-term vision for the organization's compensation and benefits programs. They should be able to align these programs with the company's overall business strategy and objectives.
- Analytical skills: The Director, Total Rewards must have strong analytical skills to evaluate compensation data and develop effective programs. They should be able to gather and analyze data on employee compensation, benefits, and related costs to inform program design and decision-making.
- Communication skills: The Director, Total Rewards must have excellent communication skills, both written and verbal. They should be able to communicate complex information to a wide range of stakeholders, including executives, managers, and employees.
- Leadership skills: The Director, Total Rewards must have strong leadership skills and be able to manage a team of Total Rewards, technology, and facilities professionals effectively. They should be able to set clear goals, provide guidance and support to team members, and foster a collaborative work environment.
- Collaboration skills: The Director, Total Rewards should have excellent collaboration skills and be able to work effectively with the Executive Leadership Team (ELT), other departments, such as finance, operations, and IT, to design and implement compensation and benefits programs that align with organizational goals and objectives.
- Demonstrated track record of design, development, communication and administration of total rewards strategies and plans, including bonuses, incentives, and other compensation vehicles, 401K, pension plans, and health & welfare benefits.
- Proven ability to track, prioritize and drive to success multiple concurrent projects with a strong operational background.
- Demonstrated experience developing and implementing global compensation strategies that support organization goals and objectives.
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Director, Total Rewards - Racine, United States - Korn Ferry
Description
Korn Ferry has partnered with our client on their search for the role, Director, Total Rewards.
Relocation: Assistance available
Reports to: Head of Human Resources
Role Overview:
Director, Total Rewards will be responsible for the development, administration and strategy for shaping comprehensive compensation and benefits programs that enhance the company's ability to hire, motivate and retain highly skilled, top talent. The position reports to the Vice President, Human Resources and supports the organization by developing solutions and innovative approaches in the design of compensation and benefits solutions and strategies to achieve business goals. The position has responsibility for overseeing compensation and benefits, with supervision over the design, execution, and management of all related programs, including payroll and pension administration.
Role and Responsibilities:
Critical responsibilities include:
Experience and Qualifications:
The Director Total Rewards will possess the following experiences and qualifications:
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