Director, Compensation and Benefits in Brooklyn, New York | DiversityInc Careers
This job has expired and you can't apply for it anymore. Start a new search.

Director, Compensation and Benefits

Description About the Position: As the Director of Compensation and Benefits located in our Brooklyn, NY, offices, you will be responsible for leading a team of professionals and overseeing all aspects of the compensation programs and health and welfare benefits plans for employees and retirees within the US operation. This includes developing innovative compensation and benefit strategies that drive growth, attract/retain talent, optimize the workforce and drive productivity. Position Responsibilities (including but not limited to): Contributing to the development of the US total reward strategy across all businesses and functions, in collaboration with others, assuring internal equity and external competitiveness. Developing compensation strategy and directing the design, implementation and communication of all management and executive compensation plans/policies for all compensation programs. Developing health and welfare benefit strategy and directing the design, implementation, communication and cost control of health and welfare benefit programs for over 16,000 management and union employees with an annual expense level in excess of $300 million in addition to retirees. Providing leadership, guidance and direction while ensuring the regional deployment of the company’s compensation programs including annual salary planning/merit increases process, salary structures, variable pay and other incentive programs to ensure alignment with company’s goals, initiatives and budget. Working in partnership with external vendors and consultants in both compensation and benefit arenas to ensure the company is positioned competitively and stays current on trends/changes in both the utility industry and general industry. Evaluating the effectiveness of existing compensation and benefit programs, policies and guidelines and ensuring they are market competitive, cost effective, aligned with corporate goals and are in compliance with company policies, federal legislation and other government and regulatory requirements. Developing and executing a comprehensive communication strategy for compensation and benefit programs and identifying opportunities to better enable the company to improve employee engagement, facilitate proactive and effective messaging and cadence as well as support the company’s growth and strategic plan. Playing a critical role in the due diligence process and comprehensive review of all compensation and benefit plans for new ventures, mergers and acquisitions. Participating in union negotiations relative to health and welfare benefit plan designs in support of the overall corporate and labor strategy. Support rate case filings by drafting testimony and providing exhibits in support of the successful recovery of compensation and benefit cost elements in rates. Providing oversight, expertise and guidance to the Employee Services group responsible for all compensation and benefit administration. Qualifications Knowledge & Experience Required: Extensive knowledge of compensation and benefit programs with a minimum of 10 years of experience. Superior intelligence and analytical ability. Solid financial background with keen ability to identify and implement cost-effective programs. Knowledge of legislation governing benefit plans (ERISA, COBRA, HIPAA, FMLA, PPACA). Demonstrated strong leadership experience with involvement in execution as well as the development of strategic initiatives. Demonstrated ability to effectively lead people and get results through others. Demonstrated in-depth knowledge and experience in effectively leading the wide-spectrum of compensation and benefits programs and practices which supports our results-oriented business. Well-developed interpersonal skills and the ability to interact professionally with all levels within the organization and excellence in written and verbal communication. High personal standards of excellence, commitment and integrity while maintaining confidential information. Bachelor's degree in related field required; Master’s degree strongly preferred and professional credentials (e.g., CEBS) a plus. Key Interfaces: Global and UK Compensation departments to ensure consistency and adherence to corporate governance. Employee Services group on policies, interpretation and management of compensation and benefit plan designs. HR Business Partners to facilitate the delivery of compensation and benefit programs, transfer knowledge and receive employee feedback on current programs in support of the employee value proposition. National Grid is an equal opportunity employer that value s a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion t hat drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team. Job : Comp Benefits & Pension Primary Location : NY-Brooklyn Organisation : Comp Benefits & Pension Schedule : Full-time Job Posting : Feb 7, 2018, 10:15:31 PM Unposting Date : OngoingAdvertisement