Compensation Lead – Incentives / Variable Compensation
Posted on: 12 Jan 2022
New York, New York
Job Description
Key accountabilities: 1. Define global principles for Global Incentives / Variable Compensation and support development of consolidated Total Rewards strategy 2. Act as Subject Matter Expert by understanding the market, the business and employees’ needs, monitoring and evaluating KPI’s, providing the People & Culture organization with insights and data, and coming up with ideas and new ways of doing things that test and stretch traditional thinking. 3. Design and cascade Incentives/Variable Compensation related programs, frameworks, policies, governance and thought leadership in collaboration with customers and stakeholders 4. Oversee the design and development of the Incentives/Variable Compensation programs with the new PMI Job Architecture 5. Work closely respective stakeholders on incentive plan design, performance targets and funding levels. 6. Track and monitor market trends on the Incentive/Variable Compensation programs, bring the potential new improvement areas based on the business needs or challenges of identified segments. 7. Partner with the Total Rewards Operations team for the deployment of the Incentives/Variable Compensation plans, analytics reports and tools to foster data driven decisions, audit survey output etc. 8. In a project-based organization mindset, lead or contribute to the establishment of creative and high-reaching PMI Incentive/Variable Compensation programs, by testing small, quick learning, and scaling up. Define a specific action plan and white paper to address relevant business challenges where there are no existing variable programs/solutions available for deployment. 9. Collaborate with peers, ensuring your work align with the rest of the development by the team JOIN US! Requirements • A validated background in similar positions, either in multinational companies or in Big 4 is a plus. • Deep knowledge of total rewards theories, statistics, financials • Good practice in consulting skills and project management. Executive compensation consulting with top consulting companies prior experience desirable. • Advanced software knowledge (MS office, particularly Excel, SAP reporting, Workday) • 7-10 years of experience in Total Rewards / Compensation roles or other relevant professional experience, preferably in an industry/business, which went through a major transformation challenge • Proven track record of delivering results in large, cross-functional initiatives, across multiple stakeholders and teams • Ability to influence cross functionally and across the operations organization, at all levels, will be critical to success in this role. • Experience on M&A activities and alignment on the variable compensation plans experience desirable
Philip Morris International
New York, New York
Philip Morris International Inc. (PMI) is an American multinational cigarette and tobacco manufacturing company, with products sold in over 180 countries outside the United States. The most recognized and best selling product of the company is Marlboro.
Until a spin-off in March 2008, Philip Morris International was an operating company of Altria. Altria explained the spin-off, arguing PMI would have more "freedom" outside the constraints of US corporate ownership in terms of potential litigation and legislative restrictions to "pursue sales growth in emerging markets.", while Altria focuses on the United States. The shareholders in Altria at the time were given shares in PMI, which was listed on the London Stock Exchange and other markets.
The company's headquarters are in New York City. It does not operate in the United States; Philip Morris USA, a subsidiary of PMI's former owner Altria, owns the Philip Morris brands there.
With tobacco being addictive and the single greatest cause of preventable death globally, the company is highly controversial. It has been the subject of litigation and restrictive legislation from governments.
In response to burgeoning awareness of the harm to health of cigarettes, PMI has declared on its homepage the intention to replace cigarettes with smoke-free products, and to "switch ... adult smokers" to these products as the first phase of a business strategy, as a responsible decision for the benefit of "adult smokers" and the companies share-holders and employees.
With the world-wide decrease in smoking in the 21st century, shares of Philip Morris were no longer considered the "safe haven" they once were. The company ranked No. 108 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
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IndustryTobacco
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No. of Employees77400
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Website
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Jobs Posted14
