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- Tasks: Lead North American compensation and benefits strategies to attract and retain top talent.
- Company: Join a global Fortune 500 manufacturing leader serving diverse industries.
- Benefits: Enjoy a competitive salary, bonuses, health benefits, 401K, and relocation support.
- Why this job: Make an impact in a dynamic environment while collaborating globally on innovative initiatives.
- Qualifications: Requires a Bachelor's degree and 15 years of HR experience, with 5 years in leadership roles.
- Other info: Position based near Illinois and Indiana border; onsite 3-4 days a week.
The predicted salary is between 105000 - 125000 £ per year.
Our client for the Director North America Compensation and Benefits opportunity is a global industrial manufacturing company ranked in the Global Fortune 500. This organization services customers in various industries including automotive, industrial, construction, agriculture, oil and gas, energy, packaging, and appliances.
The Director North America Compensation and Benefits will lead the North American compensation and benefits programs, strategies, and implementation. This role is responsible for developing, executing, and overseeing compensation and benefits strategies that attract and retain talent, align with organizational goals, and drive employee satisfaction. This individual will report to the Vice President of HR North America and lead the North America region for compensation and benefits.
This person will work on a broader level with the global headquarters in Europe on various global initiatives and overall compensation and benefits programs and policies. The role is based on the Illinois and Indiana border and is on-site 3-4 days a week. Relocation is required for non-local candidates.
Job Description
- Design, implement, and assess compensation programs, including salary structures, incentive plans, bonuses, long-term incentives, and performance-driven pay.
- Conduct market analysis and benchmarking studies to ensure competitive compensation offerings.
- Lead job evaluations, grade profiling, and compensation levels for all levels of employees.
- Manage the annual salary review process, including merit-based increases and adjustments.
- Recommend cost-saving measures and performance improvements over compensation and benefits programs.
- Contribute to negotiations with insurance providers and financial institutions, ensuring the administration of benefits programs meets organizational needs.
- Develop and manage employee benefits programs such as health insurance, retirement savings, wellness initiatives, and leave policies.
- Support the organization's commitment to Health and Safety throughout the employee life cycle.
- Foster relationships with benefits vendors and service providers, ensuring efficient delivery of services.
- Evaluate the impact of benefits programs, making recommendations for enhancements when necessary.
- Ensure that all benefits programs comply with relevant local, state, and federal regulations.
- Maintain and update compensation and benefits policies and procedures.
- Ensure that accurate records and reports are kept, in line with regulatory requirements.
- Stay informed about relevant labor laws, tax policies, and industry best practices to ensure compliance.
- Prepare and present reports on compensation and benefits strategies and metrics to senior leadership.
- Effectively communicate compensation and benefits programs to executives, addressing any questions or concerns.
- Provide training and guidance to sister companies on various compensation and benefits topics.
The Successful Applicant
- Bachelor's degree in Human Resources, Business, or related field.
- 15 years of progressive Human Resources experience.
- At least 5 years of experience leading compensation and benefits functions.
- Strong leadership presence with excellent communication skills and the ability to work in a global matrix environment.
- Solid problem-solving abilities.
- Strong analytical skills, with the ability to handle complex information into clear insights.
- Proven ability to manage multiple projects in a fast-paced, dynamic, and highly collaborative environment.
- Experience in B2B manufacturing preferred.
What's on Offer
- Competitive base salary $175,000 - $205,000.
- Bonus 30%.
- Long-term incentive (LTIP).
- Relocation package (if needed).
- Full health benefits.
- 401K.
- Vacation and holidays.
- Working for a global leading Fortune 500 company.
Director NA Compensation and Benefits - Chicago area employer: Page Executive
Contact Detail:
Page Executive Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director NA Compensation and Benefits - Chicago area
✨Tip Number 1
Network with professionals in the compensation and benefits field, especially those who have experience in the manufacturing sector. Attend industry conferences or local HR events to make connections that could lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and best practices in compensation and benefits, particularly in the manufacturing industry. This knowledge will help you stand out during interviews and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented compensation strategies in previous roles. Highlight your analytical skills and problem-solving abilities, as these are crucial for this position.
✨Tip Number 4
Research the company’s current compensation and benefits offerings. Being able to speak knowledgeably about their existing programmes and suggest potential improvements can set you apart from other candidates.
We think you need these skills to ace Director NA Compensation and Benefits - Chicago area
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in compensation and benefits, particularly in a manufacturing or global context. Use specific examples that demonstrate your leadership skills and ability to manage complex projects.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to this role. Emphasise your understanding of the company's goals and how your experience aligns with their needs, especially in developing and implementing compensation strategies.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to assess compensation programs or conduct market analysis. This will demonstrate your capability to handle complex information and make data-driven decisions.
Highlight Leadership Experience: Since this role requires strong leadership presence, ensure you detail your previous leadership roles and experiences. Discuss how you've successfully led teams or initiatives, particularly in a matrix environment, to show you can thrive in this position.
How to prepare for a job interview at Page Executive
✨Understand the Company and Industry
Before your interview, make sure to research the global industrial manufacturing company thoroughly. Understand their position in the market, their key competitors, and the specific challenges they face in compensation and benefits. This knowledge will help you tailor your responses and demonstrate your genuine interest in the role.
✨Showcase Your Leadership Skills
As a Director, you'll need to exhibit strong leadership presence. Prepare examples from your past experiences where you've successfully led teams or initiatives, particularly in compensation and benefits. Highlight your ability to communicate effectively and work within a global matrix environment.
✨Prepare for Technical Questions
Expect questions that assess your technical knowledge in compensation and benefits. Be ready to discuss salary structures, incentive plans, and compliance with local and federal regulations. Brush up on your analytical skills and be prepared to explain how you would conduct market analysis and benchmarking studies.
✨Demonstrate Problem-Solving Abilities
The role requires solid problem-solving skills, so prepare to discuss complex scenarios you've faced in previous roles. Think of specific examples where you identified issues in compensation or benefits programs and how you implemented effective solutions. This will show your potential employer that you can handle challenges proactively.
