The Lead Rewards position is responsible for the design, implementation, and administration of the organization's Total Rewards strategy, ensuring it is competitive, equitable, compliant, and aligned with the company's business objectives and culture. This role typically leads the Compensation and Benefits function, providing expert guidance to senior leadership and HR partners.

Key Responsibilities

Strategy, Design, and Governance

• Total Rewards Strategy: Design, develop, and lead the execution of the Total Rewards strategy (Compensation, Benefits, Recognition, and Work-Life programs) to attract, motivate, and retain top talent.
• Market Competitiveness: Conduct regular compensation and benefits benchmarking and market analysis using industry surveys to ensure internal equity and external competitiveness.
• Compensation Structures: Design, maintain, and administer the organization’s salary structures, job grading, and job evaluation methodologies.
• Policy Development: Develop and maintain all rewards-related policies, guidelines, and procedures to ensure consistency, transparency, and compliance.

HR Policy Development and Governance

• Policy Ownership: Serve as the primary owner for all HR policies and guidelines related to Total Rewards, including compensation structures, incentive plans, benefits eligibility, and recognition programs.
• Design & Documentation: Lead the development, drafting, review, and formal approval of new or revised Total Rewards policies, ensuring they are clear, comprehensive, and legally sound.
• Internal Governance: Establish and manage the internal governance process for compensation decisions, ensuring consistency across departments and compliance with documented policies.
• Change Management: Partner with HR Operations and Communications teams to effectively roll out policy changes, developing communication plans and training materials for managers and employees.
• Policy Compliance Audits: Periodically audit existing practices against established policies and regulatory requirements to identify and mitigate risks of non-compliance or inconsistent application.
• Program Management: Oversee the administration and communication of all employee benefit programs (e.g., health, life insurance, retirement plans, etc.).

Compensation Management

• Annual Processes: Lead and manage the annual compensation review cycle, including merit increases, bonus allocation, and other benefits administration.
• Systems: Serve as the functional expert for the Rewards module for SuccessFactors ensuring data integrity, system optimization, and running key reports.
• Administration: Oversee the administration and communication of all employee benefit programs (e.g., health, life insurance, retirement plans, etc.).

Compliance and Reporting

• Regulatory Compliance: Ensure all compensation and benefits programs comply with federal, state, and local laws and regulations
• Audits & Reporting: Oversee internal and external audits related to rewards and compensation data. Prepare and present detailed analytics and reports on total rewards metrics and program effectiveness to senior management.
• Budget Management: Manage the Rewards budget, monitoring costs and providing accurate projections for compensation and benefits programs.