Corporate Compensation and Benefits Lead

Answer Engineering, Llp - Troy, MI

Full-time

Troy, MI

Professional, Scientific, and Technical Services

About the position

Re:Car dba SLATE is a new US company that is exploring development in the electric vehicle space. We are looking for a Corporate Compensation and Benefits Lead to join our growing HR team. In this role, you will be responsible for designing, implementing, and managing the total compensation and benefits strategy as the company grows and evolves. You will act as a key partner to business leaders and HR colleagues in the development of modern and innovative total compensation programs. This position reports directly to the Head of Human Resources and offers a balance of significant operational responsibility and execution, along with strategic opportunities to help drive our total compensation initiatives throughout the organization, aligned with the business plan. Your ability to analyze data and trends, develop effective compensation and benefits programs, and successfully communicate and execute them will be essential in this role. You will lead the strategy, design, planning, management, and communications of compensation, benefits, and incentive pay philosophy and programs, ensuring alignment with the long-term strategy and desired culture of our business. This includes developing, implementing, and administering competitive compensation programs, such as base pay, short-term and long-term incentives, including equity plans. Additionally, you will provide expert guidance on compensation matters, including legislation, trends, marketplace changes, and advances, making recommendations to ensure competitiveness and compliance in all relevant markets. You will oversee annual compensation processes, including salary planning, incentive awards, pay equity analysis, and standardization of compensation best practices to enhance organizational effectiveness. Managing relationships with external benefits providers, including vendor selection, contract negotiation, and outsourcing, will also be part of your responsibilities. You will create short/long-term retention strategies and compelling offers to attract and retain top talent, while collaborating with Talent Acquisition to provide competitive compensation guidance for job offers. Furthermore, you will develop compensation-related communication and training materials for HR colleagues, managers, and employees, ensuring accurate interpretation and communication of pay decisions, policies, and practices. This position requires a high degree of professionalism, confidentiality, and ethical conduct.

Responsibilities

• Lead the strategy, design, planning, management, and communications of compensation, benefits, and incentive pay philosophy and programs.
• Develop, implement, and administer competitive compensation programs, including base pay, short-term and long-term incentives including equity plans.
• Provide expert guidance on compensation matters, including legislation, trends, marketplace changes, and advances.
• Lead annual compensation processes, including salary planning, incentive awards, pay equity analysis and standardization of compensation best practices.
• Oversee Executive Compensation plan design and execution, including preparation of board materials and interaction with board members.
• Manage relationships with appropriate external benefits providers, including vendor selection, contract negotiation, and outsourcing.
• Manage salary structures, job classifications, job architecture governance framework, compensation cycles and external market benchmarking.
• Create short/long-term retention strategies and compelling offers to attract and retain top talent.
• Collaborate with Talent Acquisition by providing competitive compensation guidance for external/internal job offers.
• Develop compensation-related communication and training materials for HR colleagues, managers, and employees.
• Accurately interpret, counsel, communicate, and educate managers and employees on pay decisions, policy, and practices.

Requirements

• Bachelor's degree in Business, HR, Psychology, Industrial Relations, related field or equivalent experience.
• MBA or Master's degree in related field preferred.
• 10+ years of progressively more responsible experience in the design and administration of compensation and benefits programs, with at least 5+ years in a leadership role.
• Prior experience partnering with executive leaders and the human capital team to develop appropriate compensation strategies, policies, programs, and communications.
• Demonstrated experience interfacing with Compensation Committee.
• Proven expertise in measuring and evaluating effectiveness of compensation initiatives.
• Experience in classification principles, job evaluation methodology, job structure development and labor market compensation data benchmarking and analysis.
• Expertise in compensation best practices, market trends, and regulatory requirements.
• Excellent analytical and problem-solving skills, with the ability to effectively present complex data and recommendations.
• Proven success in influencing and partnering with diverse stakeholders and driving strategic initiatives.
• Outstanding organizational, communication (verbal / presentation / written), and interpersonal skills with track record of partnering with and presenting to senior management.
• Comfortable working with ambiguity and evolving priorities in a fast-paced environment.
• SHRM-SCP or SPHR preferred.