Job Title : VP - Total Rewards
Division: L'Oreal USA Corporate Human Resources
Location: Berkley Heights, NJ
Reports To : Stephanie Kramer, CHRO
Who We Are:
For more than a century, L'Oréal has devoted its energy, innovation, and scientific excellence solely to one business: Beauty. Our goal is to offer each and every person around the world the best of beautyin terms of quality, efficacy, safety, sincerity and responsibility to satisfy all beauty needs and desires in their infinite diversity.
What You Will Do:
The Vice President of Total Rewards is a senior leadership role reporting into the CHRO, responsible for designing, implementing, and managing the compensation and benefits programs for an organization. This role involves developing and executing strategies to attract, motivate, and retain employees through competitive and comprehensive compensation and benefits packages.
- Compensation Strategy: Developing and implementing a compensation strategy that aligns with the organization's goals and objectives. This includes conducting market research, analyzing industry trends, and ensuring the organization's compensation programs are competitive and equitable.
- Benefits Administration: Overseeing the design, implementation, and administration of employee benefits programs, such as health insurance, retirement plans, wellness initiatives, and other employee perks. This involves managing relationships with benefit providers, ensuring compliance with legal requirements, and evaluating the effectiveness of benefit programs.
- Performance Management: Collaborating with HR and business leaders to implement performance management systems and the impact on incentive programs. This includes designing and administering variable pay plans, such as bonuses and equity-based compensation.
- Executive Compensation: Developing and managing executive compensation programs, including base salary, short-term and long-term incentives, and equity-based compensation plans. This involves working closely with the executive team to ensure alignment with business objectives.
- Total Rewards Communication: Developing and implementing communication strategies to educate employees about the organization's total rewards programs. This includes creating materials, conducting training sessions, and leveraging various communication channels to ensure employees understand and appreciate the value of their compensation and benefits.
- Compliance and Governance: Ensuring compliance with applicable laws, regulations, and internal policies related to compensation and benefits. This includes staying updated on changes in legislation, conducting audits, and working with legal and compliance teams to mitigate risks.
- Data Analysis and Reporting: Utilizing data analytics to assess the effectiveness and competitiveness of the organization's total rewards programs. This involves analyzing compensation and benefits data, benchmarking against industry standards, and providing insights and recommendations to senior leadership.
- Chair Employee Benefits Committee: manage quarterly employee benefits committee meetings
- Budgeting: Partner with corporate finance to ensure adequate budgets, trends, and funding of compensation & benefit programs
- Staff Development: Manage, motivate and develop Total Rewards staff
- M&A: Manage compensation and benefit issues and integration efforts regarding merger & acquisition activity
What We Are Looking For:
Required Qualifications:
- Education and Experience:
- A bachelor's degree in human resources, Business Administration, Finance, or a related field is often required.
- Significant experience in compensation and benefits management, preferably in a leadership role. This may include experience in designing and implementing total rewards programs, managing executive compensation, and overseeing benefits administration.
- In-depth Knowledge of Total Rewards:
- Strong understanding of compensation and benefits principles, practices, and trends.
- Knowledge of relevant laws, regulations, and compliance requirements related to compensation and benefits, such as the Fair Labor Standards Act (FLSA), ERISA, and tax regulations.
- Strategic Thinking and Business Acumen:
- Ability to align total rewards strategies with the organization's overall business objectives and culture.
- Strong analytical and problem-solving skills to assess the effectiveness of compensation and benefits programs and make data-driven recommendations.
- Leadership and Communication Skills:
- Proven leadership abilities, including the ability to lead and develop a team, influence stakeholders, and drive change.
- Excellent communication and presentation skills to effectively communicate complex compensation and benefits concepts to various audiences, including senior executives and employees.
- Relationship Building and Collaboration:
- Ability to build strong relationships with internal stakeholders, such as HR leaders, finance teams, and executive management.
- Collaboration skills to work cross-functionally with other departments, such as legal, compliance, and finance, to ensure alignment and compliance with policies and regulations.
- Technical Proficiency:
- Proficiency in compensation and benefits software and tools for data analysis, modeling, and administration.
- Familiarity with HRIS (Human Resources Information System) and other relevant HR technology platforms.
Preferred Qualifications:
- A master's degree or relevant certifications (such as Certified Compensation Professional or Certified Benefits Professional)
As an integral part of our culture at L'Oréal, wellness is at our core. We not only offer a generous Benefits Package(Medical, Dental, Vision, 401K), we also offer flexible time off, work from home days, and a pension plan! Additionally, you will have access to company perks such as Makeup, Skincare, and Fragrance! Employees receive a stipend for L'Oréal products as well as VIP Access to L'Oréal's Internal Shop for Discounted Products, and other perks such as Monthly Mobile Allowance, discounted gym memberships, and ERGs.
Additional Benefits Information As Follows:
Salary Range : $Minimum-$Midpoint (The actual compensation will depend on a variety of job-related factors which may include geographic location, work experience, education, and skill level)
- Competitive Benefit Package (Medical, Dental, Vision, 401K, Pension Plan)
- Hybrid Work Policy (3 Days in Office, 2 Days Work from Home)
- Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)
- Access to Company Perks (VIP Access to L'Oréal's Internal Shop for Discounted Products, Monthly Mobile Allowance)
- Learning & Development Opportunities (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)
- Employee Resource Groups (Think Tanks and Innovation Squads)
- Access to Mental Health & Wellness Programs
Don't meet every single requirement? At L'Oréal, we are dedicated to building a diverse, inclusive, and innovative workplace. If you're excited about this role but your past experience doesn't align perfectly with the qualifications listed in the job description, we encourage you to apply anyways! You may just be the right candidate for this or other roles!
We are an Equal Opportunity Employer and take pride in a diverse environment. We would love to find out more about you as a candidate and do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status.
If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting [email protected] . If you need assistance to accommodate a disability, you may request an accommodation at any time.
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