Compensation Director North America (Parsippany)

About the Role:We have a current opening for a Compensation Director and are actively reviewing applications.The Compensation Director on our North America Rewards team plays a key role in creating policies that attract, retain, and motivate talent while maintaining Ferrero’s core values. The role will be responsible for business partnering on compensation and recognition topics, leading the year-end compensation cycle, overseeing mobility and expatriate compensation programs, supporting the personnel budgeting process, steering our benchmarking and job evaluation processes, and spearheading other Rewards projects and initiatives.Main Responsibilities:• Oversee design, development and deployment of local Reward policies and ad hoc programs (Sales Incentives, Top Talents, Retention plans, etc…), in alignment with Group principles• Partner with HR and Talent Managers on compensation and recognition topics to support attraction, retention, development and/or separation of employees across the employment life-cycle• Lead the annual compensation cycle (including benchmarking activities, merit planning and bonus accrual), while maintaining responsibility for data accuracy, communications, trainings and timelines.• Manage company incentive plans, including design, communication, administration and financial accruals• Partner with HR and Business stakeholders to support the job evaluation process for new and existing roles based on aligned methodologies.• Conduct research on legislative governance, local market trends and industry best practices to advance Ferrero’s competitive advantage• Support the mobility and compensation terms of international employees relocating to North America on short-term and long-term assignments.• Steward the relationship with key external partners or consultants that support the company in compensation and mobility services• Supervise the work of 2 direct reports in the Compensation and Mobility area.About You:• Bachelor's Degree or equivalent experience; Master’s Degree preferred• 10-12 years experience minimum in Rewards and/or HRIS• Previous SAP and/or Success Factors experience is preferred• Familiarity with the Korn Ferry / Hay Group job grading methodology• Proficient Microsoft Office Suite; high level utility of Microsoft Excel and Power Point required• Ability to effectively read, analyze and interpret information, summarize and present data to leadership.• Comfortable presenting in front of audiences or navigating through high-stakes conversationsArtificial Intelligence DisclosureAs part of our recruitment process, Ferrero may use artificial intelligence (AI) enabled tools to assist with reviewing candidate applications. These tools are used solely to support recruiters by summarizing application information and identifying potential alignment with job requirements. AI does not independently screen out or select candidates, and it does not replace human judgment. Final decisions regarding candidate progression are always made by Ferrero recruiters and hiring managers.Our Benefits & Perks:Careers with caring built in - discover our benefits here.The base salary range for this position is $142,000 - 190,000. Actual compensation will be determined based on experience, qualifications, and other job-related factors permitted by law. This range represents the anticipated salary for this position at this time.In addition to base salary, we offer a comprehensive benefits package, including health insurance, retirement plans, paid time off, and other benefits.About Ferrero:Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world’s largest sweet-packaged food companies, with many iconic brands sold in countries all over the world. Find out more about Ferrero at ferrero.com.DE&I at Ferrero:Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative, and highly rewarding.Find out more here.Ferrero is an equal opportunity employer and complies with all applicable human rights laws. Ferrero will recruit, hire, train, and promote all persons without regard to race, creed, color, sex (including pregnancy, gender, sexual orientation, and gender identity), religion, national origin or ancestry, age, disability, or history of disability (except where physical or mental abilities are a bona fide occupational requirement and the individual is not able to perform the essential functions of the position even with reasonable accommodations), citizenship, or any other protected characteristic.Ferrero will accommodate the needs of applicants with disabilities throughout all stages of the selection process. If you need accommodation during the recruitment process, please advise the People & Organization (HR) Representative. Information relating to the need for accommodation and accommodation measures will be addressed confidentially.