Director, Executive Total Rewards
Director, Executive Total Rewards
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$ 140610 - 253080
1 Vacancy
Job Description
You may know McCormick as a leader in herbs spices seasonings and condiments and were only getting started. At McCormick were always looking for new people to bring their unique flavor to our team.
McCormick employees all 14000 of us across the world are what makes this company a great place to work.
We are looking to hire a Director Executive Total Rewards to join the Total Rewards team based at our Global Headquarters in Hunt Valley Maryland. This role is eligible to participate in McCormicks hybrid work program (50% remote per month).
What We Bring To The Table:
The best people deserve the best rewards. In addition to the benefits youd expect from a global leader (401k health insurance paid time off etc.) we also offer:
Competitive compensation
Career growth opportunities
Flexibility and Support for Diverse Life Stages and Choices
Wellbeing programs including Physical Mental and Financial wellness
Tuition assistance
Position Overview
The Director of Executive Total Rewards will be responsible for leading the development design and implementation of compensation and benefits programs for executives as well as managing the companys equity-based compensation plans. The role involves collaborating and providing expert consultancy with senior leadership to ensure that the companys executive and equity compensation strategies are competitive align with organizational goals and comply with regulatory requirements.
Key Responsibilities
- Strategy and Design of Executive Programs
- Design and implement executive compensation programs including base salary short-term incentives and long-term incentives as well as executive benefits programs
- Create compensation strategies that attract motivate and retain executive talent while aligning with business goals and shareholder interests.
- Collaborate with Independent Compensation Consultants to benchmark programs against peer companies and industry best practices.
- Partner with executives to provide education on total rewards programs and ensure excellent employee experience
- Equity Program Design and Administration
- Design and lead the administration of equity-based compensation plans such as stock options RSUs and PSUs
- Collaborate with legal and finance teams to ensure compliance with securities regulations and financial reporting requirements related to equity compensation.
- Ensure the accuracy of equity compensation data and timely reporting
- Executive Benchmarking
- Conduct in-depth analyses of executive and equity compensation data to benchmark against peer companies and industry best practices.
- Provide insights and recommendations based on data analytics to inform compensation decisions and equity plan designs.
- Compensation Committee
- Prepare materials for the Compensation Committee of the Board of Directors including compensation analyses recommendations and reports.
- Prepare the Compensation Discussion and Analysis (CD&A) section of the annual proxy ensuring accuracy in executive compensation disclosures.
- Lead Global Mobility team to provide strategic oversight ensure regulatory compliance and alignment with company policies. Provide support for annual compensation processes as needed. Partner with regional Total Rewards leads to ensure success of the function. Vendor management.
Qualifications
- Bachelors degree in Business Finance HR or related field or equivalent experience required. Masters degree in Business HR or related discipline preferred.
- 5 or more years supporting complex Total Rewards programs for global public companies
- Compensation or benefits related certification preferred
- 2-3 years of experience in leading the development and design of executive compensation and benefits programs as well as managing equity compensation programs
- Experience creating compensation strategies that attract motivate and retain executive talent while aligning with business goals and shareholder interests
- Expertise of relevant regulatory requirements including SEC rules tax regulations and shareholder-approved compensation plans
- Strong analytical and problem-solving skills with the ability to work with large datasets and conduct compensation modeling
- Proven experience in successfully partnering with cross-functional senior leaders and external experts to design and execute compensation programs that align with the companys strategy and goals
- Ability to effectively communicate compensation programs to executives and employees
- Experience leading and developing global teams.
Base Salary: $80
Base salary compensation will be determined based on factors such as geographic location skills education experience for this role and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormicks Incentive Bonus (MIB) Plan/ McCormicks Sales Incentive Bonus (SIB) Plan/ McCormicks Dividend Program. In addition to a competitive compensation package permanent employees of McCormick are eligible for our extensive Total Rewards programs that include:
- Comprehensive health plans covering medical vision dental life and disability benefits
- Family-friendly benefits such as paid parental leave fertility benefits Employee Assistance Program and caregiver support
- Retirement and investment programs including 401(k) and profit-sharing plans
McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex gender identity sexual orientation race color religion national origin disability protected veteran status age or any other characteristic protected by law.
As a general policy McCormick does not offer employment visa sponsorships upon hire or in the future.
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Required Experience:
Director
Employment Type
Full-Time
