Compensation Director NAM

Ferrero•Parsippany, NJ

1d•$142,000 - $190,000•Onsite

About The Position

The Compensation Director on the North America Rewards team plays a key role in creating policies that attract, retain, and motivate talent while maintaining Ferrero’s core values. The role will be responsible for business partnering on compensation and recognition topics, leading the year-end compensation cycle, overseeing mobility and expatriate compensation programs, supporting the personnel budgeting process, steering benchmarking and job evaluation processes, and spearheading other Rewards projects and initiatives.

Requirements

Bachelor's Degree or equivalent experience
10-12 years experience minimum in Rewards and/or HRIS
Proficient Microsoft Office Suite; high level utility of Microsoft Excel and Power Point required
Ability to effectively read, analyze and interpret information, summarize and present data to leadership.
Comfortable presenting in front of audiences or navigating through high-stakes conversations

Nice To Haves

Master’s Degree preferred
Previous SAP and/or Success Factors experience is preferred
Familiarity with the Korn Ferry / Hay Group job grading methodology

Responsibilities

Oversee design, development and deployment of local Reward policies and ad hoc programs (Sales Incentives, Top Talents, Retention plans, etc…), in alignment with Group principles
Partner with HR and Talent Managers on compensation and recognition topics to support attraction, retention, development and/or separation of employees across the employment life-cycle
Lead the annual compensation cycle (including benchmarking activities, merit planning and bonus accrual), while maintaining responsibility for data accuracy, communications, trainings and timelines.
Manage company incentive plans, including design, communication, administration and financial accruals
Partner with HR and Business stakeholders to support the job evaluation process for new and existing roles based on aligned methodologies.
Conduct research on legislative governance, local market trends and industry best practices to advance Ferrero’s competitive advantage
Support the mobility and compensation terms of international employees relocating to North America on short-term and long-term assignments.
Steward the relationship with key external partners or consultants that support the company in compensation and mobility services
Supervise the work of 2 direct reports in the Compensation and Mobility area.