Why would I want this job?

The Director, Compensation & HRIS, will be a key member of the Total Rewards and broader Human Resources Team.  This position will support the evolution of a progressive Total Rewards philosophy and be counted on to provide highly analytical insights to support our strategy and operations.  This position is based out of our Morristown, NJ headquarters office and will require an onsite presence 1-2 days per week – and will proactively support HR business partners, and other internal partners, across the U.S.

What would I be doing?

The ideal candidate will be highly analytical, technically sound, and possess strong project management skills.  This individual must have the ability to effectively communicate orally and in writing, as well as interact with a variety of stakeholders at all levels on highly sensitive matters.  This role will have a strong emphasis on analysis, operational effectiveness, process improvements, and the ability to flex on broader HR-related projects outside the realm of compensation and benefits.  The ideal candidate will have advanced- to expert-level Microsoft Excel skills, diplomatic, professional, and exercise great judgment to develop and maintain excellent relationships within the business.

 

Core Accountabilities

 

As a general area of focus, the Director, Compensation & HRIS, position will be an internal consultant to our HR partners and business for base salary, variable pay plans, executive compensation (and core benefits if experienced) – and be counted on to inform and make recommendations relevant to the company’s Total Rewards strategy.  This position specifically manages the annual compensation process, human resources information system (HRIS), reporting and analytics, business process design, end user experience, and the rewards and recognition program.  Additionally, the position will play a key role in assisting with the building out the company’s compensation philosophy and pay structure by providing valuable insight in the area of competitive pay strategies, salary increase practices, bonus differentiation, promotional philosophy, and other compensation approaches, as applicable via market studies and analytics.

 

Compensation Analytics & Business Partnering

 

  • Conduct annual salary market benchmarking and evaluate market/industry data to recommend modifications and/or changes to current salary structure and compensation plan by position
  • Analyze data, assess trends or patterns, and make recommendations based on data (quantitative) and situational factors (qualitative)
  • Create custom/relevant reports organizing the data in a meaningful manner that will support the business and decision making – and maintain standard reporting for easy retrieval of key metrics and data points
  • Simplify data to arrive at main conclusions, key presentation and discussion points
  • Consult with business partners in support of compensation related projects
  • Evaluate program/project success; make recommendations based on cost/benefit analysis; ensure projects are completed in a timely manner; follow up on projects to ensure they meet the original objective and recommend modifications as necessary

 

Compensation Management

 

  • Drive the global annual compensation increase/performance management planning and process, including developing annual calendar, communications schedule, training schedules, and execution through completion (in partnership with the Vice President of Total Rewards and HR Business Partners)
  • Spearhead annual compensation planning process, including merit, bonus, promotions, equity grants and payroll coordination
  • Design and ensure a robust evaluation methodology for job profiles, families, and leveling
  • Develop and deliver communications which aid our employees in understanding the value of their total compensation package; develop total rewards statements and materials
  • Assist HRBPs in reviewing job descriptions and providing recommended changes/job matches
  • Maintain tools and systems used for compensation management

 

Total Rewards / HRIS Operations

 

  • Maintain global HRIS to ensure that all information is accurate and can serve and support the needs of the business, in particular HR and Payroll
  • Review current HRIS processes for automation and improvement opportunities; streamline dataflow between HRIS and other internal employer databases
  • Extract, analyze, and assemble data for compliance reporting relating to EEO, VETs, Disability, and Affirmative Action Reporting
  • Create, document, and implement compensation administrative processes
  • Deliver compensation- and/or benefits-related training to the business on programs and policies
  • Assist various ad hoc special projects
  • Analyze current program offerings and plan designs
  • Stay abreast of compensation and benefits technological and business developments to ensure that the most productive, efficient, appropriate and cost-effective methods are being utilized for programs and offerings

 

What would make me qualified?

Qualifications

 

  • Undergraduate degree in HR, Accounting, Finance, Mathematics, or related business-oriented field
  • CCP and/or CBP Certification preferred
  • 8+ years of progressive compensation experience, preferably in the Life Science, Biotech or Pharmaceutical industry or other U.S. publicly traded company
  • At least 3 years’ experience managing HR systems, including experience with communications, change management, and systems evaluations and testing
  • Knowledge of benefits plan design and operations a plus
  • Demonstrated competency with HRIS, Microsoft Excel, Word and PowerPoint

 

 

Required Knowledge and Abilities

 

  • Strategic and big thinker, but data driven and focused on execution
  • Strong partner and collaborator
  • High attention to detail, accuracy, and timeliness
  • Excellent process design, project management, change management and consulting skills
  • Strong verbal and written communications skills
  • Learning agility and ‘scalability’ to take on increasing responsibility as company grows
  • Consistent demonstration and embodiment of company core values: Come Together, Be Yourself, Own the Solution, Embrace the Challenge, and Keep Exploring