Senior Director-Global Total Rewards

S&C Electric Company•Chicago, IL

2d•Hybrid

About The Position

The Global Total Rewards team is responsible for shaping and implementing S&C’s comprehensive team member total rewards strategy with the aim of attracting, retaining, and motivating top-tier talent across global operations. The function focuses beyond base compensation and benefits to create an all-encompassing employee value proposition, including incentive programs, retirement programs, unique perks, and professional development opportunities in a performance-driven culture. The Senior Director-Global Total Rewards is responsible for leading the strategic direction of S&C’s global total rewards landscape, encompassing benefits, compensation, retirement programs, and other perks. This pivotal role involves crafting and leading the overarching strategy and driving the design, implementation, and administration of total rewards programs. The Director ensures internal equity, external competitiveness, and compliance with regulations and policies. The Senior Director is also responsible for leading the shared services team.

Requirements

Bachelor’s degree in Business Administration, Finance, Human Resources, or an equivalent field
Demonstrated success in overseeing a global compensation function in a mid-sized to large company or recognized compensation consulting firm.
Track record of possessing a creative, analytical thinking and results-driven orientation demonstrated through the ability to draw conclusions and trends from data analysis.
Ability to conduct and interpret complex analyses and reporting requirements to determine efficient solutions.
Excellent knowledge of global benefits and compensation systems and HR technology.
Effectively applies knowledge to decisions affecting plan design and the impact of those plans on other areas of the business.
Excellent consultancy skills and ability to consult at all levels of the organization on issues and decisions that require extensive knowledge of compensation strategies, policies, programs, and practices.
Ability to implement a new strategy and “sell” ideas and concepts.
Ability to act as a deep subject matter expert on executive compensation.
Experience in creating and delivering presentations with confidence.
Experience in compiling “executive ready” material for HRCC meetings.
Excellent understanding of financial reporting requirements and the ability to analyze complex financial models.
Demonstrated experience in managing an ESOP or similar program with a sound understanding of the importance of finance internal controls, capable of identifying, evaluating, and documenting internal controls.
Excellent leadership skills with an ability to lead, guide, motivate, and delegate to deliver results, build teams and capabilities, embrace change, drive decisions and results, embrace culture and inclusion, and exhibit integrity
Strong organizational, planning, and project management skills, coordinating internal and external resources, creative problem-solving when obstacles arise, and juggling a heavy volume of diverse projects, including both strategic and tactical assignments
Exceptional interpersonal skills to establish meaningful relationships built on mutual trust and respect, navigate and resolve conflict, moderate behaviors, and foster collaborative working relationships amongst a diverse audience
Excellent communication skills (written, verbal, listening, and presentation).
Able to liaise with internal and external stakeholders at all levels, from senior executives to support staff, and present compellingly to achieve buy-in from executives, managers, and team members
Excellent business acumen and analytical skills with the ability to use and analyze data to drive informed decisions, problem-solve complex issues, and leverage data and learnings to drive continuous improvement
Skilled at navigating through ambiguity and leading teams and organizations through change
Proven success partnering across HR and global functional teams, creating effective partnerships at all levels, and collaborating at a broad strategic level
Ability to travel as required

Nice To Haves

Master’s degree in Business Administration, Finance, Human Resources, or an equivalent field
Certified Total Rewards Specialist (CTRS)
Certified Benefits Professional (CBP)
Certified Compensation Professional (CCP)
Society for Human Resource Management (SHRM) Certified Professional (SHRM-CP), SHRM Senior Certified Professional (SHRM-SCP), Senior Professional in Human Resources (SPHR), or equivalent
Experience working with Oracle HCM (HRIS)
Experience working in an ESOP environment
Experience working in a manufacturing environment or with a heavily non-exempt workforce.

Responsibilities

Develop and deploy a holistic global total rewards strategy aligned with the company’s overarching business goals and objectives.
Recommend specific strategic objectives tailored to the organization’s global total rewards requirements, addressing current needs and anticipating future demands.
Articulate and execute strategies and programs that optimize the company’s total rewards framework, ensuring internal equity and external competitiveness.
Develop and communicate comprehensive global pay policies that articulate and guide the organization through S&C’s total rewards strategies, encompassing various components such as compensation, benefits, and recognition.
Regularly assess the effectiveness and impact of total rewards efforts, fostering a continuous improvement mindset to enhance organizational success and align with evolving business dynamics.
Collaborate closely with functional leaders to align total rewards strategies with organizational objectives and support organization-wide workforce planning.
Build robust cross-functional relationships, acting as a strategic advisor to executives, the Board of Directors HR Compensation Committee (HRCC), and other key stakeholders on total rewards and providing insights on policies and industry trends.
Refine program structures based on executive feedback and offer recommendations to optimize total rewards strategies.
Facilitate ongoing communication between the total rewards team and functional leaders, ensuring alignment with organizational goals.
Leadership of the Shared Services/Benefits Services team.
Partner with the finance team to develop and maintain comprehensive financial reporting for global total rewards programs.
Ensure accurate tracking and reporting of total rewards expenses, providing valuable insights to support strategic decision-making.
Collaborate on budgetary planning, forecasting, and financial modeling related to total rewards initiatives.
Establish and maintain key performance indicators (KPIs) for financial metrics, presenting findings to leadership.
Drive financial transparency and accountability within the total rewards function, fostering a collaborative approach to optimize the impact of compensation and benefits programs on the organization’s financial goals.
Partner with Talent Enablement to support the annual compensation planning cycles, including merit awards and short-term incentive awards.
Ensure compensation plans are delivered within budget.
Responsible for the comprehensive oversight and management of the company’s Global retirement programs, including the KSOP. This includes ensuring legal compliance, overseeing financial aspects, managing vendor relations, communicating program details to employees, conducting data analysis for performance assessment, and implementing changes seamlessly.
Lead executive compensation planning, including benchmarking and competitive analysis and annual compensation planning cycles, including merit awards, short-term incentive awards, and Stock Appreciation Rights (SARs) awards.
Administers the Stock Appreciation Rights (SARs) program, including management of the relationship with Global Shares with regards to SARs plan administration, and serves as a liaison to participants in the plan.
In coordination with the Chief Human Resources Officer, support activities of the Board HR Compensation Committee. This includes leading discussions, providing insights, coordinating the preparation of materials for Committee meetings, ensuring alignment of total rewards strategies with the company’s overall strategic direction, and addressing any committee-specific requirements.
Act as a primary consultant in a number of other total rewards initiatives, including sales compensation, mobility, the disability process, benefit offering changes, total reward communications, and more.
Develop and manage the global total rewards budget, ensuring accuracy and appropriate allocation of resources to maximize ROI and the achievement of departmental strategies and objectives.
Develop a practical approach to leading change and support department-wide, large-scale initiatives through change management interventions.
Lead, inspire, and develop a high-performing team.
Role model appropriate and professional workplace behaviors, address/mediate conflicts to restore harmony, and support a positive, healthy, and inclusive workplace culture in accordance with S&C's mission, vision, values, and guiding principles.
Manage departmental team member processes including but not limited to recruitment, induction, vacation management, performance reviews, performance management, and workforce/succession planning.
Proactively establish, monitor, and hold team members accountable to clear responsibilities and accountabilities, provide ongoing performance feedback, both positive and developmental, address performance gaps promptly, and recognize and reward achievements
Foster a culture that supports the growth and development of team members and proactively train, mentor and coach team members.
Understand and comply with all applicable regulations and Company policies.