Head of Compensation and Benefits - North America

About Our Client

Our client for the Head of Compensation and Benefits North America opportunity is a global industrial manufacturing company and is ranked in the Global Fortune 500. This organization services customers in a range of industries including, but not limited to automotive, industrial, construction, agriculture, oil and gas, energy, packaging, appliances, and more.

The Head of Compensation and Benefits North America will lead the North American compensation and benefits programs, strategies, and implementation. This individual will develop, execute, and oversee compensation and benefits strategies that attract and retain talent, align with organizational goals, and drive employee satisfaction. This person will report to the Vice President of HR North America and lead the North America region for compensation and benefits. Additionally, this role involves collaboration with the global headquarters in Europe on various global initiatives and overall compensation and benefits programs and policies. This person will work in a matrix environment within North America and globally. This role is based on the Illinois and Indiana border and is on-site 3-4 days a week. Relocation is required for non-local candidates.

Job Description

• Design, implement, and assess compensation programs, including salary structures, incentive plans, bonuses, long-term incentive, and performance-driven pay.
• Conduct market analysis and benchmarking studies to ensure competitive compensation offerings.
• Lead job evaluations, grade profiling, and compensation levels for all levels of employees.
• Manage the annual salary review process, including merit-based increases and adjustments.
• Recommend cost-saving measures and performance improvements over compensation and benefits programs.
• Contribute to negotiations with insurance providers and financial institutions, ensuring the administration of benefits programs meets organizational needs.
• Develop and manage employee benefits programs such as health insurance, retirement savings, wellness initiatives, and leave policies.
• Support the organization's commitment to health and safety throughout the employee life cycle.
• Foster relationships with benefits vendors and service providers, ensuring efficient delivery of services.
• Evaluate the impact of benefits programs, making recommendations for enhancements when necessary.
• Ensure that all benefits programs comply with relevant local, state, and federal regulations.
• Maintain and update compensation and benefits policies and procedures.
• Ensure that accurate records and reports are kept, in line with regulatory requirements.
• Stay informed about relevant labor laws, tax policies, and industry best practices to ensure compliance.
• Prepare and present reports on compensation and benefits strategies and metrics to senior leadership.
• Effectively communicate compensation and benefits programs to executives, addressing any questions or concerns.
• Provide training and guidance to sister companies on various compensation and benefits topics.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans, and all other qualified applicants.

The Successful Applicant

• Bachelor's degree in Human Resources, Business, or related field.
• 15 years of progressive Human Resources experience.
• At least 5 years of experience leading compensation and benefits functions.
• Strong leadership presence with excellent communication skills and the ability to work in a global matrix environment.
• Solid problem-solving abilities.
• Strong analytical skills, with the ability to handle complex information and distill it into clear insights.
• Proven ability to manage multiple projects in a fast-paced, dynamic, and highly collaborative environment.
• Experience in B2B manufacturing preferred.

What's on Offer

Competitive base salary $175,000 - $205,000, bonus 30%, LTIP (long-term incentive), relocation package (if needed), full health benefits, 401K, vacation, holidays, working for a global leading Fortune 500.

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Salary : $175,000 - $205,000