Director of Total Rewards
Narvar is hiring! Reporting to the VP, People, the Director of Total Rewards is responsible for designing, implementing, and overseeing the organization's global compensation and benefits strategies to attract, retain, and motivate employees. This role is critical in shaping the employee experience, fostering engagement and retention, and ultimately contributing to the organization's success.
Responsibilities
- Strategic Planning: Develop comprehensive total rewards strategies aligned with the organization's objectives and culture.
- Global Compensation: Design competitive compensation structures, including base pay, company bonus programs, incentives, and equity programs. Develop and manage executive compensation programs, ensuring alignment with business goals and shareholder interests. Collaborate with the People Team and management teams to link compensation and benefits to performance metrics and organizational goals.
- Sales Compensation: Design and implement sales compensation strategies, including commission plans and SPIFF incentives to drive performance, align with business objectives, and ensure market competitiveness
- Benefits Administration: Oversee the administration of employee benefits programs, such as health insurance, retirement plans, wellness initiatives, and other perks. Evaluate benefits offerings regularly to ensure competitiveness and cost-effectiveness. Negotiate contracts, monitor service levels, and ensure vendors deliver value for the organization.
- Market Research and Benchmarking: Stay abreast of industry trends, best practices, and regulatory changes related to compensation and benefits. Conduct regular benchmarking studies to ensure the organization remains competitive in the market.
- Employee Communication and Education: Develop effective communication strategies to educate employees about the organization's total rewards offerings, including the value of their compensation and benefits packages.
- Data Analysis and Reporting: Utilize data analytics to assess the effectiveness of total rewards programs and identify areas for improvement. Prepare regular reports for senior management on key metrics, trends, and insights related to compensation and benefits.
- Change Management: Lead change initiatives related to total rewards programs, such as organizational restructurings or changes in business strategy. Ensure a smooth transition for employees and alignment with the organization's overall vision.
- Team Development: Provide leadership and guidance to the total rewards team, fostering a culture of collaboration, innovation, and continuous improvement. Develop talent within the team and support their professional growth and development.
- Relationships: Build trusting relationships with team mates, leaders and employees. Collaborate on key initiatives, driving high performance and meaningful programs for the business.
- Compliance and Risk Management: Ensure total rewards programs comply with relevant labor laws and regulations. Mitigate risks associated with compensation and benefits practices.
Qualifications
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- 10+ years experience within People with an expertise in Compensation & Benefits.
- 5+ years experience leading Total Rewards at the strategic level.
- 3+ years working with Board level Compensation Committees.
- Strong leadership and management skills are essential.
- Proficiency in data analysis and interpretation is critical for this role, as it involves making data-driven decisions regarding compensation, benefits, and rewards programs.
- Excellent verbal and written communication skills are necessary for effectively communicating total rewards programs to employees, senior leadership, and external stakeholders.
- The ability to think strategically and align total rewards programs with business objectives is essential for success in this role.
- A thorough understanding of relevant labor laws, regulations, and compliance requirements related to compensation and benefits is necessary to ensure the organization remains in legal and regulatory compliance.
- Familiarity with industry trends, benchmarks, and best practices in total rewards management is important for designing competitive and innovative rewards programs.
- Ability to work in a fast-paced hybrid environment and handle stress appropriately and/or ability to solve practical problems and be sufficiently adaptable to handle dynamic situations with little advance notice.
Why Narvar?
We're on a mission to simplify the everyday lives of consumers. We believe post-purchase is a critical phase of the customer journey. That's why we created Narvar - a platform focused on driving customer loyalty through seamless post-purchase experiences that allow retailers to retain, engage, and delight customers. If you've ever bought something online, there's a good chance you've used our platform!
From the hottest new direct-to-consumer companies to retail’s most renowned brands, Narvar works with Patagonia, GameStop, Sonos, Nike and 1500+ other brands. With offices in San Francisco, London, and Bangalore, we've served over 125 million consumers worldwide across 8 billion interactions, 38 countries, and 55 languages.
Pioneering the post-purchase movement means navigating into the unknown. Our team thrives on this sense of adventure while nurturing a mindset of innovation. We're a home for big hearts and we leave our egos at the door. We work hard but we always make time to celebrate professional wins, baby showers, birthday parties, and everything in between.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
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