Associate Compensation & Benefits Director

Precision for Medicine is a Clinical Research Organization. Precision’s uniquely integrated offering enables the science of precision medicine by combining novel clinical trial designs, industry-leading operational and medical experts, advanced biomarker and data analytics solutions, and an unequivocal real passion for rare diseases and oncology, in addition to working across other therapeutic areas. 

As our company continues we grow we are seeking a Associate Compensation & Benefits Director to join our growing team. 

Job Summary :

Responsible for the execution and administration of PMG’s international compensation and benefit plans and programs. Conducts analysis and interpretation related to the organization’s compensation and benefits programs for region.  Supports international salary survey participation including job matching and competitive benchmarking as well as benefit plan benchmarking. Partners closely with HR Business Partners, Talent Acquisition, Finance, Legal, and Business Leaders to ensure market competitiveness, internal equity, and compliance across all geographies. Supports annual compensation (merit/promotion and bonus) planning process.  Responsible for all international benefit plan management and administration, including benefit plan design benchmarking and broker management.

Compensation Management

• Participates in annual salary administration programs, including salary grade and structure maintenance & creation.
• Provides data analytics for the maintenance and development of incentive or salary increase budgets.
• Participates in administration of annual incentive, and/or salary increase programs.
• Conducts market benchmarking analysis to determine competitive positioning of the organizations jobs and pay programs.
• Evaluates the organizations job descriptions, providing feedback and consulting to the business as needed.
• Participates and manages salary surveys by matching PMG jobs to available salary surveys reference jobs and provides organizational data to these survey providers.
• Lead the gender pay gap reporting process (as they become applicable… i.e. UK, France).
• Ensures HR systems are configured/maintained in a way that support overall compensation priorities and policy.

 

Benefits Management

• Supports the development of international benefits strategy and oversee the implementation of such, ensuring the benefits offering is strategically aligned with the business, competitively attractive to employees and is cost effective.
• Maintain inventory of all benefit plans and policy documents per country/business unit, including renewal dates, and tracking of costs.
• Manage annual carrier/policy renewal process, working with brokers and vendors on contract negotiations and initiating periodic market reviews to ensure benefits are secured on the most competitive terms.
• Partner with HR and the applicable business to assess, recommend and establish appropriate market level of benefits when PMG establishes operations in new countries and/or upon acquisition of new companies.
• Lead the administration of pension schemes.
• Point of contact for incoming benefits related invoices (liaison with Finance for invoice processing).
• Build external relationships and participate in international benefit surveys to ensure PMG remains aware of what other companies are doing in the competitive market.
• Partner with field HR to handle employee questions and assist with processes such as leave of absence, sickness, and accidents.
• Coordinate with legal team, HR team and outside counsel on immigration matters.

 

General Responsibilities

• Partners with HRIS for ongoing data integrity checks.
• Produces HR Metrics related to compensation and offer insights to the Business and HR Teams.
• Provides guidance, coaching, mentoring and training to HR Business Partners on compensation-related issues.
• Provides input on compensation policy and procedure creation.
• Generate compensation metrics and provide analysis and recommendations based on them.
• Lead and/or participates in HR and Total Reward projects.
• Supports US and Global compensation matters as needed.
• And other job duties as assigned by the line manager.

Minimum Education & Experience:

• Bachelor's degree in a related major and 12 or more years of compensation and benefits experience within mature international organizations. Experience working across different countries and general understanding of process, payroll and labor law differences.
• Expertise in messaging to support compensation and benefit programs that are aimed at leadership and employees.

Preferred Education & Experience:

• Experience in Life Sciences, Pharmaceutical or other industry directly related to one of PMG’s service lines.
• Experience with PayFactors and SAP/SuccessFactors HRMS a plus.
• Experience matching jobs, as well as designing and developing a salary grade structures.
• Has worked with short term incentive plans and/or sales plans.