Total Rewards Strategist

1 month ago

Oakville, Canada Sheridan College Full time

The Total Rewards Strategist, reporting to the Manager of Total Rewards, provides specialized expertise in the administration of Sheridan's Total Rewards (TR) strategy. This role ensures effective oversight and management of the Compensation, Benefits, and Pension plans for employees and retirees, focusing on costing, proactive benchmarking, pay equity, and organizational design. The Strategist executes compensation and benefits programs, enhancing the employee experience while ensuring compliance with relevant legislation and plan provisions. Assigned to support senior-level client groups, the Strategist collaborates on the analysis, design, implementation, evaluation, and communication of TR programs, while coaching leaders and building strong internal and external relationships.

The incumbent coordinates and advises on aspects of Compensation, Benefits and Pension and provides leadership and guidance to the Total Compensation team on standardized total compensation practices. This role involves ongoing financial oversight, executing special projects, conducting compensation and peer review audits, and resolving issues related to the College's compensation and benefits plans. The incumbent monitors multiple areas within Compensation, Benefits, and Pension, producing detailed reports to enhance service delivery and ensure fiduciary management. A high degree of independence, discretion, and expertise is essential for supporting and implementing best practices in these areas. This role provides mentorship and leadership to the TR Specialist and directly manages the TR Analyst as well as co-op and students. The Strategist also builds and maintains strong relationships with external stakeholders like the College Employer Council and program sponsors.

**What You’ll Be Doing**
- Providing crucial support for high-level projects by delivering comprehensive costing and analytics related to total rewards, which inform senior leadership's strategic decision-making. This includes assessing the financial impacts of various scenarios and workforce composition to shape future total rewards strategies.
- Compiling ad hoc analyses and benchmarking data to compare compensation for various roles within the sector, helping to maintain Sheridan’s reputation as a top employer.
- Designing and delivering Sheridan's Total Rewards strategy, preparing recommendations and best practice communications
- Overseeing financial audits and reconciliations of pension contributions, benefit payments, and compensation plans to ensure accuracy and compliance.
- Conducting plan audits to maintain data integrity between college and insurance records and ensuring pay equity across all employee groups in accordance with the Pay Equity Act.
- Managing projects from initial consultation through implementation, effectively communicating the value of total rewards programs across various channels and conducting specialized sessions such as the Sheridan Retirement Ready workshops to educate employees. The role also involves supporting the salary review process and assisting in the development of operating policies and guidelines to ensure compliance and enhance overall efficiency.
- Investigating discrepancies related to benefits and compensation, making necessary recommendations for improvements based on ongoing analysis.
- Processing payout reviews for terminations, group changes, producing metrics and reports on compensation and leave cases, and maintaining accurate data records in systems like PeopleSoft, Pension Portals and Sun Life.
- Providing essential support to the benefits and compensation team by advising on salary and payroll matters, reviewing exception requests with clients, HR business partners and talent acquisition ensuring alignment with compensation policies.
- Serving as a backup to the Manager of Total Rewards, overseeing daily operations and ensuring seamless team administration.
- Representing the team in labour relations contexts, including arbitrations and union meetings, offering total rewards insights to facilitate negotiations.
- Providing expertise on technical systems such as PeopleSoft, SunLife PSS, and Power BI Dashboards, ensuring these tools effectively support Total Rewards processes.
- Supporting in the identification of HRIS issues and the implementation of fixes and enhancements including gathering requirements, collaborating with Workday Support to find a solution, and final stage user acceptance testing.
- Providing day-to-day administrative support for critical total rewards initiatives, particularly for senior institutional leaders and complex cases.
- Overseeing the administration processes for compensation, benefits, and pension plans, which encompasses leave management.
- Communicating essential information about benefits, leave, and pensions to both internal and external stakeholders, including managing interactions with providers like Sun Life and CAAT Pension.
- Collaborating closely with ayroll

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