Senior Director, Global Total Rewards - Alvarez & Marsal Deutschland GmbH : Job Details

Senior Director, Global Total Rewards

Alvarez & Marsal Deutschland GmbH

Job Location : Chicago,IL, USA

Posted on : 2025-01-22T14:21:48Z

Job Description :

Location: Chicago, IL, United StatesDate Posted: Dec 9, 2024

Alvarez & Marsal (A&M) is a leading independent global professional services firm, specializing in providing turnaround management, performance improvement and corporate advisory services. With over 10,000 professionals based in 70+ locations across North America, Europe, Asia, and Latin America, our firm excels in problem solving and value creation. Drawing on a strong operational heritage and hands-on-approach, our professionals work closely with organizations and stakeholders to help tackle complex business issues and maximize value.

Position Overview

The Global People Services Senior Director of Global Total Rewards is responsible for designing, implementing, and managing comprehensive compensation and benefits strategy and programs across the global people operations. This role ensures that the total rewards strategy aligns with the firm's business objectives, attracts top talent, and retains high-performing employees. The ideal candidate will have extensive experience in total rewards management within a consulting or professional services environment and will drive consistency and excellence in people service delivery.

Key Responsibilities:

  • Develop and implement global compensation strategies
  • Design and manage salary structures, job evaluation systems, and pay-for-performance programs
  • Oversee the annual compensation planning process with regions/business units, including merit increases and bonus allocations
  • Analyze global compensation programs, ensuring competitiveness and compliance across different regions
  • Conduct regular market analysis and benchmarking to ensure our total rewards packages remain competitive
  • Manage relationships with external vendors
  • Ensure compliance with local labor laws and regulations regarding compensation and benefits
  • Collaborate with finance to develop budgets and forecast costs for total rewards programs
  • Oversee the creation and distribution of total rewards statements to employees
  • Lay foundation and build a team of total rewards specialists
  • Participate in mergers and acquisitions activities, focusing on harmonizing compensation and benefits
  • Key Requirements:

  • Bachelor's degree in Human Resources, Business Administration, Finance, or related field
  • 7-10 + years of experience in total rewards, with some global experience preferred
  • Professional certifications such as CCP (Certified Compensation Professional) or GRP (Global Remuneration Professional) preferred
  • In-depth knowledge of compensation practices, including executive compensation
  • Strong understanding of global employment laws and regulations related to compensation and benefits
  • Experience with HRIS and compensation management systems
  • Excellent analytical and financial modeling skills
  • Strong project management abilities
  • Excellent communication and interpersonal skills, with the ability to interact with all levels of the organization
  • Ability to manage confidential information with discretion
  • Benefits Summary:

    Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time as well as a 401(k) retirement plan. Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type.

    Compensation Statement:

    The salary range is $150,000 - $195,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

    Diversity & Inclusion

    A&M's entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

    Equal Opportunity Employer

    It is Alvarez & Marsal's practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws.

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