General - Compensation:
Responsible for the continued development, coordination and communication of compensation programs, including equity programs; Recommend modifications to maintain the organization’s objectives and competitive position in the marketplace.
Partner with HR Leadership to coordinate Total Rewards alignment to performance management approach, career models, and high potential programs.
Work with outside consultants, coordinate RFP’s, manage contract negotiations supervise vendor selection as needed for management of compensation and equity programs.
Oversee vendor selection; monitor and manage selected vendors against service level agreements and effectiveness.
Responsible for the annual salary increase/merit program and promotion.
Design employee level job classification, grading structure, job analysis and evaluation methodology, including market pricing, internal equity review, and pay mix.
Oversee the final incentive award recommendation process to assure alignment with performance, adherence to budgets, and compliance with approvals.
Prepare annual Compensation budget, quarterly forecasts, and work with Executive and Compensation teams on recommendations and allocations.
Provide business partnership & internal consulting on all compensation issues, including market trends, competitive data, and applicable laws/regulations.
Provide guidance on escalated and/or complex compensation issues .
Monitor the effectiveness of the compensation programs, processes and practices, and recommend revisions to ensure equitable and competitive programs .
Conduct analysis of jobs, salaries, variable pay and other rewards in order to evaluate internal equity, external competitiveness, and legal compliance of the pay practices
Executive Compensation/Equity Plan Management:
Create Board of Director materials and attend Compensation Committee meetings.
Work with Assistant General Counsel in creating and publishing annual proxy materials, including Compensation Discussion and Analysis (CD&A).
Design and manage all elements of executive compensation, including cash and equity programs, ensuring integration and alignment of executive pay with overall company goals and objectives.
Be the internal consultant and expert for executive compensation best practices, industry trends, legislative regulations, compliance issues, and market competitiveness.
Communicates compensation and equity plans to senior executives in all compensation elements, including base pay, incentive and equity plans. Conduct competitive compensation benchmarking for executive population. Prepare compensation recommendations for senior leadership positions and analyze and update the salary range structure for executive level positions, as necessary.
Monitor dilution impact of Long-Term Incentives and maintain adequate levels of shareholder impact on equity practices
Build organizational capabilities with a small team of direct and indirect professionals to ensure timely completion of deliverables.
Undertakes regular and frequent financial reporting to continuously ensure results are meeting or exceeding commitments on all initiatives/projects. Oversee global compensation department budget to ensure compliance with organizational expenditure requirements.
Responsible for organization duties and responsibilities as contained in Items below:
Provide leadership in the development of an effective organization and its members.
Ensure timely and complete feedback provided to all associates, which enables them to improve their overall performance and contribution to the Company.
Provide leadership which facilitates accomplishment of diversity objectives by ensuring support systems and practices are in place to provide all employees the opportunity to contribute to their full potential by identifying and eliminating the obstacles and barriers which prevent this from occurring.
In all areas of responsibility, the incumbent is responsible for providing full compliance with the company Code of Ethics, which include ensuring subordinate staff are aware of the relevant company policies and that their responsibilities and actions comply and support these policies.
In all areas of responsibility which have a direct impact on the health and safety of employees and the environment, assure that appropriate safeguards are in place and that the EH&S Policies and Procedures are fully supported and implemented.
Responsible for the performance of other tasks related to this position as they are assigned by cognizant management.
EDUCATION, SKILLS & EXPERIENCE
Compensation program design, management and administration
(Grading structures, STI, LTI, etc.)
10+ years of progressively responsible experience; A minimum of 5years in a leadership role; minimum of five in executive compensation
Executive compensation regulations expertise
Proxy management – creation
Board of Directors – Compensation Committee Material Development
Board of Directors - Presenting experience
M&A funnel, due diligence, integration planning deal execution
Industry Sector and Company Experience
Exposure to/experience in diversified industrial business, with emphasis in highly engineered products
Undergraduate degree in Business Administration, Management, Finance, Accounting, Human Resources, or other related field
MBA or similar
Superior data collection, analysis and presentation.
Strong project management skills and process orientation. Demonstrated ability to assess needs, design and implement processes across groups.
Effective critical thinking, problem solving and change management skills. Strong analytical skills – able to collaborate in identifying and providing solutions to complex issues.
Attention to detail, flexibility, and ability to align with others through appropriate influencing and negotiation strategies. Ability to work in a fast-paced environment.
Ability to engage diplomatically with excellent verbal and written communication, as well as platform presentation skills with a variety of audiences. Able to make effective presentations on complex or controversial topics.
Strong understanding of metrics, financial P&L, and cash management; Ability to forecast and prepare accurate budgets.
Demonstrated leadership in a fast-paced and evolving organization
Ability to consult with employees at all organizational levels
Knowledge of relevant regulations in the US and abroad
Knowledge of compensation best practices and current market trends.
Ability to anticipate business effects of proposed local and federal legislation
Results Orientation - The successful candidate brings a strong track record of driving performance in a fast-paced, entrepreneurial, global environment. S/he must demonstrate an “ownership mentality,” with a passion for delivering on commitments, owning results and “rolling up” his/her sleeves to drive performance. This includes establishing enterprise-wide stretch goals and championing change initiatives to help the company measure and achieve objectives and performance standards. The candidate will be energized by a challenge and driven to exceed goals. He/she will be ale to effectively convey his/her ideas and messages both formally and informally, in speaking and in writing. He/she will be a compelling communicator.