Dover Corporation
Director, Executive Compensation
Dover Corporation, Downers Grove, Illinois, United States, 60516
Director, Executive Compensation
Date:
Sep 27, 2024Location:
Downers Grove, IL, US, 60515Company:
Dover CorporationAbout Dover CorporationDover is a diversified global manufacturer with annual revenue of approximately $8 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging and Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve.Position Summary:Dover is seeking an experienced, dynamic and strategic Director, Executive Compensation. The ideal candidate must possess the ability to analyze data and to utilize that data to communicate findings and influence decision making at senior executive and Board levels. This role manages major executive compensation initiatives and programs and develops, implements, and administers executive compensation policy and practices. Applies job evaluation techniques to establish equitable compensation for the organization’s executives as compared to the market. In this role, you will have the opportunity to work with a variety of internal stakeholders, including senior leadership, to ensure our executive compensation plans are designed to attract, retain, and motivate a highly skilled workforce while complying with governmental regulations, internal equity, and competitive pay structures. The right candidate will have the ability to analyze complex problems, multi-task and meet deadlines.Essential Duties and Responsibilities:Provide strategic direction to executive compensation for Dover to effectively evaluate, design, propose, implement, and communicate programs, policies and initiatives that will enable the company to attract, retain and motivate top talent.Liaison with OpCo’s and enterprise functions to ensure similarities in design of programs and practices where applicable and create efficiencies throughout the family of companies.Monitor the effectiveness of existing executive compensation practices, policies, guidelines and procedures and works closely with HR leadership teams to ensure that documentation, communication, and training are delivered to all parts of the business.Regularly interface with Compensation Committee of Dover’s Board of Directors, leading design, quarterly reviews and executive compensation.Ensure that executive compensation programs are consistently administered and compliant with company policies and government regulations.Responsible for overseeing compensation events including the annual merit, bonus and LTIP cycle, and delivery at the Dover Compensation Committee meetings.Lead overall design, implementation, communication and administration of executive and performance compensation programs globally.Collaborate with senior leadership and the Board of Directors to develop and approve executive compensation plans and modifications.Evaluate the effectiveness of executive compensation programs in driving performance and achieving business goals.Desired Knowledge & Experience:15+ years of complex compensation design, including global pay programs, variable, equity and executive compensation experience.10+ years of progressive management responsibility and extensive experience in implementing and overseeing global compensation programs.Extensive experience in executive compensation, with a solid understanding of compensation principles and best practices.Excellent communication and presentation skills, with the ability to influence and build relationships with senior leaders and Board members.Knowledge of all federal, state, and local regulations and compliance requirements related to executive compensation.Strong business acumen and creative thinking to help design and position solutions as value-add and drive global organizational change.Education:Bachelor's degree or equivalent, in Business, HR or related field. MBA degree is highly desirable.Work Arrangement:
HybridJob Function:
Human Resources; Executive
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Date:
Sep 27, 2024Location:
Downers Grove, IL, US, 60515Company:
Dover CorporationAbout Dover CorporationDover is a diversified global manufacturer with annual revenue of approximately $8 billion. We deliver innovative equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging and Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale with operational agility to lead the markets we serve.Position Summary:Dover is seeking an experienced, dynamic and strategic Director, Executive Compensation. The ideal candidate must possess the ability to analyze data and to utilize that data to communicate findings and influence decision making at senior executive and Board levels. This role manages major executive compensation initiatives and programs and develops, implements, and administers executive compensation policy and practices. Applies job evaluation techniques to establish equitable compensation for the organization’s executives as compared to the market. In this role, you will have the opportunity to work with a variety of internal stakeholders, including senior leadership, to ensure our executive compensation plans are designed to attract, retain, and motivate a highly skilled workforce while complying with governmental regulations, internal equity, and competitive pay structures. The right candidate will have the ability to analyze complex problems, multi-task and meet deadlines.Essential Duties and Responsibilities:Provide strategic direction to executive compensation for Dover to effectively evaluate, design, propose, implement, and communicate programs, policies and initiatives that will enable the company to attract, retain and motivate top talent.Liaison with OpCo’s and enterprise functions to ensure similarities in design of programs and practices where applicable and create efficiencies throughout the family of companies.Monitor the effectiveness of existing executive compensation practices, policies, guidelines and procedures and works closely with HR leadership teams to ensure that documentation, communication, and training are delivered to all parts of the business.Regularly interface with Compensation Committee of Dover’s Board of Directors, leading design, quarterly reviews and executive compensation.Ensure that executive compensation programs are consistently administered and compliant with company policies and government regulations.Responsible for overseeing compensation events including the annual merit, bonus and LTIP cycle, and delivery at the Dover Compensation Committee meetings.Lead overall design, implementation, communication and administration of executive and performance compensation programs globally.Collaborate with senior leadership and the Board of Directors to develop and approve executive compensation plans and modifications.Evaluate the effectiveness of executive compensation programs in driving performance and achieving business goals.Desired Knowledge & Experience:15+ years of complex compensation design, including global pay programs, variable, equity and executive compensation experience.10+ years of progressive management responsibility and extensive experience in implementing and overseeing global compensation programs.Extensive experience in executive compensation, with a solid understanding of compensation principles and best practices.Excellent communication and presentation skills, with the ability to influence and build relationships with senior leaders and Board members.Knowledge of all federal, state, and local regulations and compliance requirements related to executive compensation.Strong business acumen and creative thinking to help design and position solutions as value-add and drive global organizational change.Education:Bachelor's degree or equivalent, in Business, HR or related field. MBA degree is highly desirable.Work Arrangement:
HybridJob Function:
Human Resources; Executive
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