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Compensation Director
2 months ago
About Sonepar Canada, Inc.
Sonepar Canada, Inc. is a leading independent family-owned company with global market leadership in the distribution of electrical, industrial, and safety products and related solutions.
We are represented by 9 locally managed electrical and industrial distributors and have over 100+ locations with coverage in 8 provinces.
We are a proud member of the Sonepar Group, the world's largest privately-held electrical distributor.
The Opportunity
We are seeking a highly skilled Compensation Director to join our team. As a key member of our HR department, you will be responsible for the strategic planning, design, implementation, and administration of our compensation programs and initiatives.
Key Responsibilities
- Design and manage compensation programs, including salary bands/structures, annual merit increases, bonus programs, and executive compensation packages.
- Plan and administer long and short-term equity programs and executive programs that drive company performance.
- Conduct analysis and benchmarking of compensation data against market standards to maintain competitiveness and compliance with regulations.
- Ensure all compensation practices comply with federal and local laws and regulations.
- Lead job evaluation processes, including job analysis, job descriptions, and job grading.
- Develop and manage the compensation budget when approved, ensuring cost-effective use of resources.
- Integrate compensation programs with performance management systems to ensure a strong link between pay and performance.
- Provide expert advice and guidance to senior management and HR partners on compensation matters, trends, and policy recommendations to support decision-making and strategic planning.
- Champion timely and robust data collection and analysis processes that support research and market, pay equity, and other compensation studies.
- Prepare detailed compensation reports and presentations for executive leadership and the board of directors, highlighting trends, analyses, and recommendations.
- Spearhead special compensation projects, such as mergers and acquisitions integration, pay equity audits, and the implementation of new compensation technologies or methodologies.
- Maintain accurate compensation data and ensure integrity in HRIS systems.
- Keep abreast of regulatory, market, and practice changes and trends.
Requirements
- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.
- Minimum of 7-10 years of progressive experience in compensation management, with at least 3 years in a leadership role.
- Demonstrated financial acumen and expertise in data and financial modeling and scenario planning.
- Strong relationship-building and influencing skills and the ability to prioritize business requirements appropriately through a collaborative partnership approach.
- Flexible benefits program allowing you to choose from options that best fit you and your dependents' needs. Medical, Dental, Vision, Health Spending Account & RRSP matching.
- Regardless of your benefits program, you will receive company-paid Life Insurance, and employee-paid disability.
About Us
Sonepar places the planet and diversity and inclusion at the core of its vision driving our business ethos.
We have been recognized as a Diversity Leader by the Financial Times' 2024 Diversity Leaders ranking and were awarded GEEIS Certification in 2022.
Diversity and Inclusion (D&I) is a central focus of our global, strategic impact plan. We value diversity and inclusion in the workplace because it allows us to better meet the needs of the communities we serve.
