Director of Total Rewards

Summary

Join Narvar as the Director of Total Rewards and report to the VP, People. You will design, implement, and oversee global compensation and benefits strategies. This crucial role shapes employee experience, fosters engagement and retention, and contributes to organizational success. You will develop comprehensive total rewards strategies, design competitive compensation structures, and oversee benefits administration. Market research, benchmarking, and employee communication are key responsibilities. Data analysis, reporting, and change management are also critical aspects of this position. You will lead and develop the total rewards team, ensuring compliance and risk management.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field
• 10+ years experience within People with an expertise in Compensation & Benefits
• 5+ years experience leading Total Rewards at the strategic level
• 3+ years working with Board level Compensation Committees
• Strong leadership and management skills are essential
• Proficiency in data analysis and interpretation is critical for this role, as it involves making data-driven decisions regarding compensation, benefits, and rewards programs
• Excellent verbal and written communication skills are necessary for effectively communicating total rewards programs to employees, senior leadership, and external stakeholders
• The ability to think strategically and align total rewards programs with business objectives is essential for success in this role
• A thorough understanding of relevant labor laws, regulations, and compliance requirements related to compensation and benefits is necessary to ensure the organization remains in legal and regulatory compliance
• Familiarity with industry trends, benchmarks, and best practices in total rewards management is important for designing competitive and innovative rewards programs
• Ability to work in a fast-paced hybrid environment and handle stress appropriately and/or ability to solve practical problems and be sufficiently adaptable to handle dynamic situations with little advance notice

Responsibilities

• Develop comprehensive total rewards strategies aligned with the organization's objectives and culture
• Design competitive compensation structures, including base pay, company bonus programs, incentives, and equity programs
• Develop and manage executive compensation programs, ensuring alignment with business goals and shareholder interests
• Collaborate with the People Team and management teams to link compensation and benefits to performance metrics and organizational goals
• Design and implement sales compensation strategies, including commission plans and SPIFF incentives to drive performance, align with business objectives, and ensure market competitiveness
• Oversee the administration of employee benefits programs, such as health insurance, retirement plans, wellness initiatives, and other perks
• Evaluate benefits offerings regularly to ensure competitiveness and cost-effectiveness
• Negotiate contracts, monitor service levels, and ensure vendors deliver value for the organization
• Stay abreast of industry trends, best practices, and regulatory changes related to compensation and benefits
• Conduct regular benchmarking studies to ensure the organization remains competitive in the market
• Develop effective communication strategies to educate employees about the organization's total rewards offerings, including the value of their compensation and benefits packages
• Utilize data analytics to assess the effectiveness of total rewards programs and identify areas for improvement
• Prepare regular reports for senior management on key metrics, trends, and insights related to compensation and benefits
• Lead change initiatives related to total rewards programs, such as organizational restructurings or changes in business strategy
• Ensure a smooth transition for employees and alignment with the organization's overall vision
• Provide leadership and guidance to the total rewards team, fostering a culture of collaboration, innovation, and continuous improvement
• Develop talent within the team and support their professional growth and development
• Build trusting relationships with team mates, leaders and employees
• Collaborate on key initiatives, driving high performance and meaningful programs for the business
• Ensure total rewards programs comply with relevant labor laws and regulations
• Mitigate risks associated with compensation and benefits practices

Benefits

• Health insurance
• Retirement plans
• Wellness initiatives