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Compensation Strategy Director

2 months ago

Canada Sonepar Canada, Inc. Full time
About the Role

Sonepar Canada, Inc. is a leading independent family-owned company in the business-to-business distribution of electrical, industrial, and safety products and related solutions. As a key member of our team, you will be responsible for developing and implementing strategic compensation plans that drive business performance and support our company's growth.

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.
What We Offer
  • 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.
  • Company-paid Life Insurance, and employee-paid disability.
  • A commitment to diversity and inclusion, with a focus on creating a workplace that values and respects all employees.