Total Rewards Specialist
3 months ago
Job Title
Total Rewards Specialist (Compensation, Benefits and Perks)
- Job Description
About SNDL
SNDL is the largest private sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. As a licensed cannabis producer, SNDL also has indoor state-of-the-art grow-op facilities to supply wholesale and retail customers under a cannabis brand portfolio that includes Top Leaf, Sundial, Palmetto, Spiritleaf Selects, and Grasslands. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.
The Opportunity:
SNDL is committed the development of a total rewards program and has a well-established benefits plan, Short-Term Incentive Plan (STIP) and Long-Term Incentive Plan (LTIP), however, there is a desire to revamp the programs including the build out of a compensation philosophy and design, along with KPI’s for LTIP, STIP design and benchmarking, overall salary benchmarking, job evaluation and overall compensation maintenance. Our goal is to develop a holistic overview of comparable pay for comparable work/value-add (as it relates to roles, professional requirements, responsibilities, team scope, gender equality, geographical location, tenure, etc.).
Role and responsibilities include, but are not limited to:
- Engage with SNDL’s Benefits Broker to review quarterly benefits dashboard, while ensuring all key initiatives remain on track.
- Support the HR Business Partners on semi-annual benefits audits, to ensure appropriate classification and enrolment of employees based on defined eligibility criteria.
- Work with third party compensation consultants and internal stakeholders to maintain the current compensation frameworks, while simultaneously working towards revamping the total rewards program.
- Evaluate all total reward programs including base pay, LTIP, STIP, benefit plans and perks across corporate, warehouse/manufacturing, and retail audiences, and provide recommendations to ensure competitiveness and alignment with company goals.
- Collaborate with HR and finance teams to manage the administration of LTIP and STIP. This includes tracking performance metrics, calculating payouts, obtaining approvals, and ensuring communicative, timely and accurate distribution of awards.
- Communicate employees and managers on total rewards programs, including STIP, LTIP and benefits details. Build material and facilitate educational sessions to enhance employee understanding and awareness of the programs for optimization of the employee value proposition.
- Ensure data accuracy and integrity within the HRIS and equity management systems (Workday and Shareworks).
- Conduct market research, benchmarking and industry surveys, including but not limited to Mercer, Cannabis at Work and Willis Towers Watson, to stay up to date with industry trends and best practices in compensation and incentive programs. Demonstrate the ability to understand and utilize data and compile high quality recommendation presentations to help senior leaders make well-informed decisions.
- Oversee the Shareworks platform, including the administration of equity compensation programs, stock options, and other equity-based awards. Ensure accuracy and compliance with Board approved program parameters and regulatory requirements, in partnership with Legal and Finance teams.
- Participate in special compensation projects and initiatives as needed, such as change management support for acquisitions and/or organization redesign.
- Regular review and oversight of compensation processes and procedures to increase efficiency, accuracy, coordination with stakeholders, and employee satisfaction, while recommending cost-effective changes consistent with compensation trends and the organization’s objectives.
- Ensuring total rewards process administration, changes, and approval steps are compliant with SNDL’s SOX audit requirements.
- Collaborate with legal to ensure compliance with Canadian and U.S. federal laws and regulations related to compensation, equity, and incentives.
- Collect and assess total HR metrics to understand measures of success and demonstrate the effectiveness of these programs in attracting and retaining talent, educating employees on optimization of their total rewards, and working towards our goal of an enhanced employee value proposition.
- Provide technical expertise and guidance to the HR department and leaders on day-to-day compensation issues, policy interpretation, and providing creative problem resolution.
- Oversight of necessary document and records management on total rewards program materials in an organized manner.
Experience and Qualifications
- Bachelor's Degree in HR, Business Administration, Finance, or a related field.
- 5-7 years’ experience in a compensation-focused role, with exposure to LTIP, STIP, equity compensation, and
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