Description
POSITION SUMMARY:
Under the direction of the Senior Manager, Total Rewards, the Global Compensation Program Manager is responsible for the design, direction, implementation, communication, and planning for all management and salaried compensation plans and program for the company. This role is responsible for understanding the overall administration process for the company's compensation programs, including acting as a point of escalation for any program-related inquires or exception requests. In addition, this role is responsible for providing analysis, research, and project delivery in order to develop and enhance the Corporation’s rewards programs and policies, including compensation governance activities and global compensation policy design. Activities are guided by the overall compensation and Total Rewards philosophy and practices of the company.
DUTIES:
Program/Policy Management:
• Acts as the subject matter expert, providing guidance to HR Business Partners, Shared Services, employees and management on Mattr’s compensation policies and programs, including job evaluations, pay recommendations, and market guidance.
• Manages the annual salary administration and incentive program cycles for global employees. Partners with HRIS team and consultant(s) to set up and manage the compensation decisioning tool. as well as ensuring any plan/process enhancements or changes are incorporated.
• Evaluates and compares existing compensation plans and programs with those at other competitor organizations by gathering market intelligence through various sources (e.g., benchmarking surveys, proxy circular, etc.).
• Ensures plans and programs remain competitive by using a variety of market data sources including regional, industry-specific or custom benchmarking surveys. Analyzes survey results to draw market insights to inform plan/program recommendations and/or pay guidance for roles experiencing market or talent pressures.
• Leads rewards-related projects to ensure stakeholders are engaged, project plan and timelines are established, and deliverables are completed on time, budget and with expected quality.
• Manages escalations received, including inquiries and exception requests in a timely manner to ensure quick, equitable and courteous resolution.
• Maintains regular and on-going contact with third party vendors/service providers, employees, internal and external stakeholders in order to ensure inquiries/requests are completed.
• Review any plan/program exception requests and provide recommendation to Management for approval.
Governance & Compliance:
• Leads and prepares compensation materials for all Compensation and Organizational Development Committee of the Board of Directors Meetings, including all Board disclosures and proxy circular.
• Maintains program-level compliance with appropriate legislative and regulatory requirements.
• Completes regulatory reporting required by law to be filed with federal, provincial, and/or international agencies, and other regulatory bodies. Reviews and analyzes changes to laws and reports necessary or suggested changes to management.
• Partners with Finance department to ensure appropriate forecasting of incentive plans/programs and expenses and completes any audit requirements.
• Prepares and executes, with legal consultation, incentive plan documentation, equity grant agreements, etc.
Plan Design & Integration:
• Frequently reviews compensation and monetary rewards plans and programs to ensure they continue to align with the company’s strategic objectives. Identifies gaps in plans and programs, and seeks opportunities to close gaps to improve existing plans and programs, and to achieve greater consistency in program offerings for all company locations, where possible.
• Analyzes various data sets (e.g., market pay data, current and historical employee demographics including pay information, expenses, etc.) to stress test and/or model impact scenarios, and develop recommendations for plan/program changes for review by management.
• Leads integration or transition work for programs resulting from acquisitions and sales.
• Partners with global HR Business Partners to ensure effective change management within business groups for recommended plan/program updates or launches.
• Develops and delivers engaging communication plans and materials including plan documents, booklets, brochures, education and training, tools/resources and other media to enhance employee engagement and effective understanding of offerings.
Additional Responsibilities:
• Other responsibilities as assigned, including, but not limited to job evaluation, reporting and/or analysis requests, managing relationships with various third-party vendors globally to ensure effective program management and delivery; engaging third-party vendors to participate in RFPs for servicing new or existing plans/programs; and review of vendor proposals and making recommendations to management.
REQUIREMENTS:
• Degree or diploma in Human Resources, Finance, Data Analytics, or another relevant program
• 3-5 years of relevant experience in a compensation, data analysis or equivalent related role working with large data sets.
• Working knowledge of computer systems and advanced level proficiency using Microsoft Excel and/or other data analytics tools with the ability to manipulate moderate to complex data sets and draw meaningful insights.
• Strong proficiency using Word, PowerPoint, Outlook and Teams.
• Ability to interpret plan documents & public disclosure materials.
• Should possess knowledge of country specific compensation legislation, practices and trends.
• Strong interpersonal and communication skills (written/verbal) to provide excellent customer service, strong organizational, time management and customer service skills.
• Must have math aptitude and the ability to complete financial analysis, cost impact, etc.
• CCP, CHRP/CHRL designation is considered an asset.
• Strong attention to accuracy and detail.
• Superior verbal and written communication skills.
• Problem solving, analytical, critical thinking and project management skills.
• Strong interpersonal and customer service skills including managing relationships with senior leaders/executives, HR partners and management.
