VP Compensation

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Description:

The Vice President of Compensation is responsible for designing implementing and overseeing the organizations global compensation strategy. This role ensures that compensation programs align with business objectives attract and retain top talent and comply with regulatory requirements. The VP of Compensation will work closely with senior leadership HR business partners and business leaders to develop competitive and equitable compensation structures that support the companys growth and strategic goals.

Essential Job Functions:

To perform this job successfully an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge skills and abilities required.

Duties and Responsibilities:

• Develop and execute a comprehensive compensation strategy aligned with the companys business goals and talent strategy.
• Partner with the CPO and executive leadership to design executive and broadbased compensation programs including base pay incentives equity and other rewards.
• Lead the annual compensation planning cycle including salary structures merit increases bonuses and incentive plans.
• Ensure compensation programs are competitive by conducting regular market analysis and benchmarking against industry trends.
• Oversee the development of total rewards statements to communicate the full value of compensation and benefits to employees.

• Design and manage executive compensation plans including shortterm and longterm incentive programs and deferred compensation.

• Ensure compliance with federal state and international compensation laws and regulations including FLSA Equal Pay Act and pay transparency laws.
• Develop policies and governance frameworks to mitigate risk and ensure pay equity across the organization.
• Provide datadriven insights and recommendations to senior leadership on compensation trends workforce analytics and pay equity analysis.

• Oversee job evaluation processes including job architecture leveling frameworks and salary banding.
• Leverage compensation analytics to drive strategic decisionmaking and optimize the effectiveness of compensation programs.
• Partner with HR Business Partners and Talent Acquisition to develop competitive offer strategies and retention programs.
• Provide leadership and mentorship to the Compensation team fostering a culture of innovation and continuous improvement.
• Educate managers and employees on compensation philosophy policies and processes through training and communication initiatives.

• Addition of benefits oversight (timing to be discussed)
• Other duties as assigned.

Desired Competencies:

Compensation Management

Executive Compensation

Incentive Programs

Market Pricing

Compensation Program Design

Compensation Strategy Development

Compensation Communication

HR Regulatory Compliance

Compensation Management Software

Education & Experience:

• Bachelors degree in finance accounting human resources or a related field required; Masters preferred or equivalent work experience.

• 10 years of progressive compensation experience with at least 5 years in a leadership role.
• Experience in a global compensation structures and strategies
• Expertise in executive compensation incentive programs and equitybased compensation.
• Strong knowledge of compensation regulations including FLSA SEC and global pay compliance laws.
• Proven ability to lead and influence senior executives in compensation decisionmaking.
• Strong analytical skills with proficiency in compensation analytics tools and HRIS systems.
• Excellent communication and stakeholder management skills.

Certifications (Preferred):

• Certified Compensation Professional (CCP) or similar certification.
• Knowledge of UKG CompAnalyst or other HR technology platforms

Location:

In office (hybrid)

Travel Requirements:

Less than 20

Physical Demands: The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this position:

Frequent: Prolonged working at a desk sitting walking eye/hand/foot coordination and repetitive motion

Occasional: Standing and bending

Infrequent: Lifting up to 10 pounds

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Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style) color sex (includes pregnancy or related conditions) religion or creed national origin citizenship age disability status as a veteran union membership ethnicity gender gender identity gender expression sexual orientation marital status political affiliation or any other protected characteristics as required by federal state or local law.