Director, Compensation
Company: Fidelity Investments Inc.
Location: Covington
Posted on: May 15, 2023
Job Description:
Job Description:The RoleAs a Director of Compensation at
Fidelity, you will lead compensation initiatives and programs, and
work in partnership with the HR team to design, deliver and advise
on solutions that meet the short and long-term needs of a diverse
suite of Fidelity's business and support groups.The Director of
Compensation is a subject matter expert on the HR team, working
closely with HR partners and senior leaders to provide the
consulting and leadership required to deliver pay programs and
solutions in support of overall business objectives. You will
contribute to and benefit from Fidelity's broader compensation
community where we shape the future of compensation and
continuously develop, improve and share our strategies and
resources that benefit our businesses, leaders and associates in
achieving their goals.The Expertise and Skills You Bring
- Bachelors or equivalent; 8+ years of experience in
compensation/sales compensation. 2+ sales compensation experience
preferred.
- You have designed, developed and managed a variety of
compensation programs and processes including base salary, variable
pay programs, sales compensation, compensation strategy and
competitive pay analysis
- You are an expert with the full spectrum of approaches and
tools used for compensation-related market research, modeling and
analysis
- You have deep analytical skills with an ability to break down
complex questions / data into well-structured analyses, and
synthesize key points
- You effectively manage concurrent programs, processes and
initiatives collaborating with and influencing a wide range of
stakeholders, and have a proven ability to think end-to-end about
the work to be implemented
- You have expertise with Microsoft Excel analysis and experience
with various HR database applications
- You have the expertise, confidence and skill to develop and
deliver formal and informal reports, presentations and
communications to executive audiences
- You are passionate about building consultative partnerships
with HR, Finance and senior business leaders
- You enjoy working on initiatives and programs that often extend
beyond the local team and business unitThe Value You Deliver
- Client Support/Relationship Management: Provide consultation,
coaching and sophisticated advice to Line HR and senior business
leaders on complex compensation issues. Conduct analysis to address
compensation issues, projects or initiatives. Complete pay
recommendations for executive offers. Participate in the design &
delivery of manager and HR training to increase the understanding
of our compensation philosophy, strategies, programs and
decisions.
- Workforce Analytics: Work closely with HR partners to better
integrate HR data and analytics in support of workforce plans and
business practices. Develop impactful data visualizations for HR
partners and leaders to enable better insights and decisions.
- Program Design: Partner with Finance/Variable Compensation
teams to design and develop sales incentive plans, and support
formal plan governance and oversight activities. Represent the
voice of the customer in the design of enterprise-wide pay programs
and lead the design for client pay programs.
- Cycle Management: Serve as the primary contact for Line HR for
annual cycle administration activities. Inform, manage and measure
operational cycle components. Provide issue resolution, support
reporting and analysis.
- Collaborate with Enterprise Compensation to establish shared
reporting requirements. Work in close partnership with Line HR and
Finance/Variable Comp teams to support variable semi-annual bonus
cycles.
- Market Data Management: Act as SME on surveys, data and tools.
Lead competitive assessments using market analysis, including
defining the peer groups and formulating recommendations and
presenting to management. Coordinate job matching process, review
data when surveys are complete and analyze market survey data
trends.The TeamThe Human Resources team consists of associates who
work in Line HR, Talent Acquisition, Talent Management, Learning &
Development, HR Operations, Sales Compensation, Communications,
Finance and Workforce Analytics. We are key business partners to
our colleagues within the business units to develop and implement
HR and learning programs and strategies. We also partner closely
with enterprise HR teams to deploy and support central programs and
initiatives.Please see below for the salary range for work
locations in Colorado only:N/APlease see below for the salary range
for work locations in New York City, Westchester County, NY and
Jersey City, NJ only:N/APlease see below for the salary range for
work locations in California only:N/APlease see below for the
salary range for work locations in Washington
only:N/ACertifications:Company OverviewFidelity Investments is a
privately held company with a missionto strengthen the financial
well-being of our clients.We help people invest and plan for their
future. We assist companies and non-profit organizations in
delivering benefits to their employees. And we provide institutions
and independent advisors with investment and technology solutions
to help invest their own clients' money.Join UsAt Fidelity, you'll
find endless opportunities to build a meaningful career that
positively impacts peoples' lives, including yours. You can take
advantage of flexible benefits that support you through every stage
of your career, empowering you to thrive at work and at home.
Honored with a, we have been recognized by our employees as a Best
Place to Work in 2023. And you don't need a finance background to
succeed at Fidelity-we offer a range of opportunities for learning
so you can build the career you've always imagined.At Fidelity, our
goal is for most people to work flexibly in a way that balances
both personal and business needs with time onsite and offsite
through what we're calling "."We invite you toFind Your
Fidelityat.Fidelity Investments is an equal opportunity employer.
We believe that the most effective way to attract, develop and
retain a diverse workforce is to build an enduring culture of
inclusion and belonging.Fidelity will reasonably accommodate
applicants with disabilities who need adjustments to participate in
the application or interview process. To initiate a request for an
accommodation, contact the HR Accommodation Team by sending an
email to, or by calling 800-835-5099, prompt 2, option 3.
Keywords: Fidelity Investments Inc., Covington , Director, Compensation, Executive , Covington, Kentucky
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