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Assistant Vice President, Broad-Based Compensation

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The Hartford

25d ago

  • Job
    Full-time
    Expert Level
  • People, HR & Administration
    Business, Operations & Strategy
  • Hartford

AI generated summary

  • You need 10+ years in compensation/HR, strong leadership and analytical skills, excellent communication abilities, knowledge of compliance laws, and a bachelor's degree; a master's or certification is preferred.
  • You will design compensation strategies, analyze market data, ensure compliance, lead a team, collaborate with stakeholders, and manage communications regarding compensation programs.

Requirements

  • A minimum of 10+ years of experience in compensation, total rewards, and/or as an HR Business partner. Some experience in compensation and/or total rewards required; some experience in a large corporate setting preferred.
  • Demonstrated emotional intelligence and leadership skills with the ability to develop, inspire, influence and motivate a high performing team. Experience managing a team that interacts with various levels of employees across the company.
  • Extensive experience in compensation management, with a proven track record of developing and implementing successful compensation strategies in a large company. Experience in benefits and/or total rewards is a plus as is experience managing a budget.
  • Strong analytical skills with the ability to interpret complex data and make data-driven decisions. Proficiency in compensation analysis tools and software.
  • Excellent communication and interpersonal abilities. Ability to effectively communicate complex concepts to a diverse audience within all layers of the organizations (executive to front line) in simplified manner. Experience with change management is a plus.
  • Collaborative team player who develops strong working relationships; a self-starter who takes initiative.
  • In-depth knowledge of federal, state, and local compensation laws and regulations. Ability to ensure compliance with all relevant legal requirements.
  • Exceptional organizational skills, attention to detail, and ability to prioritize multiple competing priorities effectively.
  • Proven experience designing and executing compensation strategies through HRBP’s, leaders, and teams to achieve business objectives.
  • Bachelor's degree in Human Resources, Business, or a related field. A master's degree or relevant certification (e.g., CCP) is preferred.

Responsibilities

  • Develop and Implement Compensation Strategies: Design and execute comprehensive broad-based compensation strategies that align with the company's business objectives and support its growth. Ensure that compensation programs are competitive, equitable, and compliant with regulatory requirements.
  • Collaboration: Work closely with HR, finance, and senior leadership to ensure that compensation practices are aligned with the company's overall goals. Provide expert advice and guidance on compensation matters to managers and employees at all levels of the organization.
  • Team Leadership: Lead and mentor a team of compensation professionals. Foster a collaborative and inclusive team environment that encourages professional growth and development.
  • Market Analysis: Conduct regular market analysis to maintain competitive salary structures. Utilize data-driven insights to make informed decisions about salary adjustments, incentive plans, and other compensation-related matters.
  • Compliance: Ensure that all compensation programs comply with federal, state, and local regulations in partnership with our Law team. Stay up-to-date with changes in compensation laws and regulations to ensure ongoing compliance.
  • Communications and Change Management: Ensure that compensation-related communications are clear, consistent, and effectively address the needs and concerns of all stakeholders, while aligning with the Total Rewards, Talent and Culture philosophies.

FAQs

What is the job title for this position?

The job title is Assistant Vice President, Broad-Based Compensation.

What company is offering this position?

This position is offered by The Hartford, a prominent Fortune 250 company.

What are the primary responsibilities of the Assistant Vice President, Broad-Based Compensation?

The primary responsibilities include developing and implementing compensation strategies, collaborating with stakeholders, leading a team of compensation professionals, conducting market analysis, ensuring compliance, and managing communications related to compensation initiatives.

What qualifications are required for this role?

A minimum of 10+ years in compensation or HR business partner roles is required, along with demonstrated leadership skills, extensive experience in compensation management, strong analytical skills, excellent communication abilities, and knowledge of relevant compensation laws.

What is the expected team structure for this position?

The Assistant Vice President will lead a team of seven compensation professionals.

What is the budget oversight for the role?

The role involves overseeing a budget of approximately $2.5 million.

Is a degree required for this position?

Yes, a bachelor's degree in Human Resources, Business, or a related field is required. A master's degree or relevant certification (e.g., CCP) is preferred.

What is the salary range for this position?

The annualized base pay range for this role is $168,080 - $252,120.

What is the work location for this position?

The position is based in Hartford, CT, and follows a hybrid work model, requiring in-office work on Tuesday, Wednesday, and Thursday.

Are there any benefits offered with this role?

Yes, The Hartford offers a total compensation package that may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition, along with various employee benefits.

Does this position involve compliance responsibilities?

Yes, the Assistant Vice President will ensure that all compensation programs comply with federal, state, and local regulations.

What qualities are important for success in this role?

Key qualities include strong leadership and relationship skills, strategic thinking, excellent communication abilities, emotional intelligence, collaboration, and the ability to interpret complex data.

Is experience in change management beneficial for this role?

Yes, experience with change management is considered a plus for this position.

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The Hartford

Underwriting human achievement for over two hundred years.

Finance
Industry
10,001+
Employees
1810
Founded Year

Mission & Purpose

Human achievement is at the heart of what we do. We put our belief into action by not only ensuring individuals and businesses are well protected, but by going even further – making an impact in ways that go beyond an insurance policy.