Precision Medicine Group Hiring for Director, Global Compensation Job at Bethesda, MD Full Time

Position Summary:

Reporting to the Chief People Office, the Director, Global Compensation is responsible for leading the development and implementation of the compensation function for PMG including base, incentive, equity and executive and C-suite pay. Partnering with PMG leadership, the DGC establishes both PMG’s overall compensation philosophy and salary structure in support of the company’s goals and competitive practices. This position is also responsible for ensuring that company compensation programs are consistently administered in compliance with internal policies and government regulations.

Essential functions of the job include but are not limited to:

• Develops and socializes PMG’s overall compensation philosophy documenting the company’s position about employee compensation and creating a framework for consistency
• Designs and builds pay structures to offer equitable, competitive salaries and map out employees’ path to growth and higher pay
• Monitors the effectiveness of all compensation practices and recommends changes that are cost-effective and consistent with compensation trends and company objectives
• Ensures that PMG pay practices are equitable regardless of race, gender, disability, LGTBQ or other status , establishing and leading annual monitoring processes
• Partners with HR professionals and business leaders to provide advice on pay decisions, policy interpretations, and job evaluations
• Designs creative solutions to specific compensation-related programs and incentive plans
• Identifies and utilizes appropriate pay data sources and tools to ensure market competitiveness and equity
• Participates in salary surveys, globally or by country, and monitors salary survey data to ensure compensation objectives are achieved
• Provide detailed and accurate ad-hoc compensation research and analysis as needed
• Assists with compensation and reward aspects of acquisitions and integrations
• Assists with the development of compensation communications, and management training to educate HR, management and the broader employee population on Compensation policies, processes and practices
• Maintains current knowledge of legal and regulatory factors that affect compensation practices, across the US, Canada and Europe
• Serve as the primary interface with external partners/vendors that administer PMG equity programs

Qualifications:

Minimum Required:

• Bachelor’s degree in a relevant field
• Min 10 years relevant experience required in a matrixed, global setting

Other Required:

• Strong analytical skills and ability to interpret and communicate data
• Experience with one or more compensation development platforms (ERI, Bradford, Payfactors)
• Advanced proficiency with Excel, as well as other Office applications such as Word and PowerPoint
• Excellent time management skills and ability to plan and set priorities.
• Strong people skills in dealing with all levels of employees and management
• Excellent communication skills, written and oral
• Ability to execute administrative and procedural decisions on sensitive and confidential issues

Preferred:

• Experience with various HRIS systems
• Experience with equity compensation management
• Prior experience in interacting with Boards on compensation matters including C-suite pay and equity programs
• Experience in M&A transactions and leading the compensation due diligence workstream
• Experience with PE Investors

Skills:

Competencies:

• Able to communicate in an effective, global/multicultural manner, where English may be a secondary language
• Skilled at all forms of communication including social media
• Highly motivated and inquisitive; concise, articulate, and creative
• Ability to distill complex concepts into simple, understandable communications
• Extremely collaborative, a team player, an outstanding communications consultant
• An excellent manager of change communications
• Able to manage through “influence” versus a direct reporting line
• Excellent diligence and ability to see and work towards a big picture
• Comfortable with a fast-paced, always-on, quickly changing environment and deadline driven
• Ability to transition seamlessly among projects of varying scale, audience, format, and distribution channels