The Director of Compensation will be responsible for the development, implementation, administration and maintenance of our compensation programs. They will work with external vendors to help administer these programs and comply with government regulations. This role will work closely with the VP, Compensation & Benefits to establish the agendas and materials for the Compensation Committee as well as the CD&A for the company’s annual proxy disclosure. This position will work with other key stakeholders in the organization to manage the year-end bonus and salary increase processes. This position will provide advice to client groups and HR business partners on pay decisions, policy interpretation, and job evaluation. Finally, this position may also be assigned special compensation project work to support certain tactical and strategic business initiatives
Annual market pricing, salary survey participation, benchmarking and evaluation of corporate/newsroom and executive level jobs to ensure internal and external market equity
Work with Business Partners to ensure compensation practices are followed and decisions are well documented
Research, design, implement and administer short and long-term incentive programs
Using Workday, manage the corporate compensation processes and programs which encompass annual merit, incentive, and equity grants, Prepare communications and run internal workshops to educate managers on compensation practices
Manage the Company’s stock equity plans, establish annual grant guidelines and recommendations, manage vendors, and prepare monthly equity accounting.
Provide compensation recommendations for new hires and promotions working with the business partners and front line managers
Develop and model new equity plan offerings and their associated calculations (i.e. burn rates, overhang and dilution calculations).
Develop, prepare and present materials for the compensation committee of the board of directors. In addition manage the Board of directors pay plan.
Manage the process for preparing the executive compensation sections of the Company’s annual proxy, i.e. the CD&A, Compensation Summary Table, Change in Control and other relevant schedules and tables while working closely with the corporate legal department.
Continuous monitoring of compensation, tax, SEC and accounting regulations to stay informed of all current and pending legislation as well as industry trends regarding compensation (409A, 162m, say-on-pay) and how they may affect the Company’s plans.
Qualifications:
BA Degree
Five+ years of relevant compensation expertise in the areas of merit pay programs, incentive and bonus plans, job evaluation and salary survey usage
Ability to develop, present and implement related recommendations that demonstrate continuous improvement
Be able to make decisions and be self-motivated
Execute administrative and procedural decisions on sensitive and confidential issues
Facilitate meetings, conference calls and training sessions
Strong analytical skills, including a working knowledge of statistics used in compensation analysis
Effective technical verbal and written communication skills
Familiarity with regulations and legislation impacting compensation decisions
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