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- Tasks: Lead North America's 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 a real impact on employee satisfaction in a dynamic, collaborative environment.
- Qualifications: Requires a Bachelor's degree and 15 years of HR experience, with 5 in leadership roles.
- Other info: On-site work 3-4 days a week; relocation is necessary for non-local candidates.
The predicted salary is between 105000 - 125000 £ per year.
- Global Fortune 500 Manufacturing Company
- Leading North American Compensation and Benefits
About Our Client
Our client for the Director North America Compensation and Benefits opportunity is a global industrial manufacturing company and is ranked in the Global Fortune 500. This organization services customers in a range of industries including, but not limited to automotive, industrial, construction, agriculture, oil and gas, energy, packaging, appliances, and more.
The Director North America Compensation and Benefits will be leading the North American compensation and benefits programs, strategies and implementation and 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 led the North America region for the compensation and benefits. This person will also work on a broader level with the global headquarters in Europe on various global initiatives and overall compensation and benefits programs and policies. This person will work in a matrix environment within North America and Globally. This 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 incentive, 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
- Bachelors degree in Human Resources, Business, or related
- 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 with he 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%, LTIP (long term incentive), relocation package (if needed) full health benefits, 401K, vacation, holidays, working for a global leading Fortune 500
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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 work in manufacturing. Attend industry conferences or local HR events to make connections that could lead to referrals or insider information about the role.
✨Tip Number 2
Familiarise yourself with the latest trends and best practices in compensation and benefits, particularly in the manufacturing sector. This knowledge will help you stand out during interviews and demonstrate your commitment to staying current in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented compensation strategies in previous roles. Highlight your leadership experience and ability to work in a global matrix environment, as these are crucial for this position.
✨Tip Number 4
Research the company’s current compensation and benefits offerings and be ready to suggest potential improvements. Showing that you've done your homework will impress the hiring team and demonstrate your proactive approach.
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 15 years of HR experience and how it aligns with the company's goals. Mention your familiarity with compliance and regulatory requirements in compensation and benefits.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to drive compensation strategies or improve benefits programs. This could include market analysis or benchmarking studies you've conducted.
Highlight Leadership Experience: Since this role requires strong leadership presence, ensure you detail your experience leading teams or projects. Discuss how you've effectively communicated compensation strategies to senior leadership and fostered relationships with vendors.
How to prepare for a job interview at Page Executive
✨Understand the Company Culture
Before your interview, take some time to research the company's culture and values. This global industrial manufacturing company places a strong emphasis on employee satisfaction and alignment with organisational goals, so be prepared to discuss how your values align with theirs.
✨Showcase Your Analytical Skills
Given the role's focus on compensation strategies and market analysis, be ready to demonstrate your analytical skills. Prepare examples of how you've successfully conducted market analyses or implemented compensation programs in previous roles.
✨Prepare for Leadership Questions
As a Director, you'll need to exhibit strong leadership presence. Anticipate questions about your leadership style and experiences. Think of specific instances where you led a team through challenges or drove significant changes in compensation and benefits.
✨Familiarise Yourself with Compliance Regulations
Since the role involves ensuring compliance with local, state, and federal regulations, brush up on relevant labour laws and industry best practices. Be prepared to discuss how you've navigated compliance issues in past positions.
