Boston Consulting Group
Global Head of Rewards
Boston Consulting Group, Atlanta, Georgia, United States, 30383
WHAT YOU'LL DO
Total rewards is BCG's largest expense with billions of dollars in spend and is a critical, evergreen strategic capability for the firm. As a people-based business, we aspire to optimize our spending across the various rewards categories to improve the overall ROI of both our investment and overall employee EVP.
This leader is responsible for driving the strategy and execution of all elements of our compensation programs. These efforts include conducting regular compensation and benefits reviews throughout the year and across the globe, delivering bonus budgets and supporting the execution of bonus and Firm Performance Bonus payments across the firm, and managing tenure, mid-year and end of year salary increases for our CT, BST, KT, SBU and other talent groups. The role is also responsible for supporting our myriad benefits programs globally including complex benefits reviews and renewals. The role will drive our strategy for ongoing systems support, updating, testing within Workday and our bonus tool Compro. In addition to these compensation and benefits responsibilities, the leader is also responsible for defining and maintaining our overall talent architecture logic and compensation approach and drives our internal equity and calibration with role leveling reviews.
The leader of the Rewards function will engage in evolving our operating model. We are building a best-in-class rewards function with deep functional expertise, improved coordination of fragmented resources in regions and systems, and consolidating transactional activities to lower cost shared service locations. In addition, the function is building a robust, multi-year systems strategy that will require continued leadership to see through to completion and achievement of desired outcomes.
BASIC JOB RESPONSIBILITIES:Compensation philosophy, strategy, business partnering, governance and executionOwner of proactive, forward-looking base & total comp (TLSS) assessments, benchmarks and approvalsIPB and FPB philosophy and design, provides calculations working closely with global finance, and delivery across all cohorts including CT, BST, KT, SBUs, etc.Delivery of our compensation elements including funding for IPB and FPB to more than 30,000 non-MDP employeesBenefits and retirement philosophy, strategy and implementationBenefits strategy including refresh of minimum duty of care standards, differentiated benefits priorities and global coordination, cost management, broker strategy, employee impactPSRF/financial wellness strategy, evolution, risk management, governance best practice implementation, philosophy refresh, fiduciary responsibilitySupport of Managing Director led business and Strategic Business Unit HRLeadership of highly complex MD performance and compensation management in concert with BCG X, TDA and SBU leadership; Consolidating HR support for SB/SBUs (Note: this portion of the role might later move to a different reporting line)Infrastructure, operations and complianceCompensation and rewards systems & infrastructure, strategy, evolution & maintenance including developing and driving north star (SSOT, impact on payroll integration, benefits, efficiency, self-serve and automation)Compliance with compensation related legislation and strategies for achieving e.g., pay equityCross functional topic alignment with employment laws, compliance and other HR related topicsStructuring and coordination of talent archetypes and logic across the businessTalent archetype definitions and management aligned with talent model and financial/target op model metrics and comp approaches, including levels and titlesTeam leadership and developmentTeam management and upskilling; teaming and operating model with local, regional and global rewards communitiesWHO WE ARE
BCG pioneered strategy consulting more than 50 years ago, and we continue to innovate and redefine the industry. We offer multiple career paths for the world's best talent to have a real impact on business and society. As part of our team, you will benefit from the breadth and diversity of what we are doing today and where we are headed next. We count on your authenticity, exceptional work, and strong integrity. In return we are committed to supporting you in discovering the most fulfilling career journey possible-and unlocking your potential to advance the world. Our team called Global Services (GS) provides corporate support to business areas such as Finance, Legal, HR, Marketing and IT. This diverse team of experts, operators and specialists represent all levels from Partner to entry level staff, operating across the globe in multiple countries. Global Services is in short, the backbone of BCG.
YOU BRING (EXPERIENCE & QUALIFICATIONS)
Bachelor's Degree or equivalent in business, Human Resources or related field or experience in the consulting industry and advanced degree (MBA or other Masters) preferred.Minimum of 15 years' experience in Human Resources or consulting industryExperience in the talent management lifecycle in professional services firm and/or organizations with strong cultural support for progressive human resource practices.Open to both Business Services Team and Consulting Team membersPredictable, international travel will be required.EQUAL OPPORTUNITY
BCG is an Equal Employment Opportunity employer and is committed to a policy of administering all employment decisions and actions without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
YOU'RE GOOD AT
OVERARCHING GOALS OF ROLE
Proactively balance employee EVP and firm financial objectives, taking a strategic view of our value propositionEnable and provide decision support to systems to optimize profit, meet long term EVP goals and manage risk. Partner with and advise the business on talent and financial trade-offs across all cohorts and all levels. Manage governance across disparate complex stakeholder groupsEnsure linkages across the full breadth of BCG, ensuring a cogent strategy (eg benefits changes within a geo impacting multiple business units, relative compensation moves across core and X, parity across local and global roles for bSt and moreOversee high quality execution of our rewards approach within highly complex systems and context e.g., acquisitions, hyper-inflation, devaluation, competitive market dynamics and delivery to more than 30,000 employeesDrive high-impact change-the-business agenda, ensuring forward, outward looking approach including market sensing capabilities and maintaining technical acumenManage risk, ensure compliance, develop and communicate guardrails and governance requirementsBuild a positive people culture in rewards team and build with local, regional and global rewards communitiesParticipate in various senior leadership committees including the Operations Leadership Team (OLT), BST-PMT, CPMT, SDDC, and present regularly at Executive Committee on comp and benefits related topicsKEY COMPETENCIES
Sits at the intersection of our talent strategy and financial objectives - requires the ability to understand both requirements and help BCG thread the needleRequires the stature and credibility to go "toe to toe" with our most senior business leaders bringing the appropriate mix of collaboration and governance; is accountable to EC and OCMust be willing to challenge the status quo ensuring our total rewards are fit for purpose, evolve with market and EVP changes, and are enabled by the appropriate technologyIncreasingly coordinate/manage moves with impact across multiple parts of the firm (eg core and X salaries, local and global BST, etc)Continually increasing in complexity as business has evolved and expanded
YOU'LL WORK WITH
BCG's HR team works to attract, develop, excite, deploy, and retain the best people in the market. Those in human resources jobs manage the life cycle of all BCG employees-from hiring top talent and developing their skills to rewarding their contributions and supporting career progression and mobility.
Total rewards is BCG's largest expense with billions of dollars in spend and is a critical, evergreen strategic capability for the firm. As a people-based business, we aspire to optimize our spending across the various rewards categories to improve the overall ROI of both our investment and overall employee EVP.
This leader is responsible for driving the strategy and execution of all elements of our compensation programs. These efforts include conducting regular compensation and benefits reviews throughout the year and across the globe, delivering bonus budgets and supporting the execution of bonus and Firm Performance Bonus payments across the firm, and managing tenure, mid-year and end of year salary increases for our CT, BST, KT, SBU and other talent groups. The role is also responsible for supporting our myriad benefits programs globally including complex benefits reviews and renewals. The role will drive our strategy for ongoing systems support, updating, testing within Workday and our bonus tool Compro. In addition to these compensation and benefits responsibilities, the leader is also responsible for defining and maintaining our overall talent architecture logic and compensation approach and drives our internal equity and calibration with role leveling reviews.
The leader of the Rewards function will engage in evolving our operating model. We are building a best-in-class rewards function with deep functional expertise, improved coordination of fragmented resources in regions and systems, and consolidating transactional activities to lower cost shared service locations. In addition, the function is building a robust, multi-year systems strategy that will require continued leadership to see through to completion and achievement of desired outcomes.
BASIC JOB RESPONSIBILITIES:Compensation philosophy, strategy, business partnering, governance and executionOwner of proactive, forward-looking base & total comp (TLSS) assessments, benchmarks and approvalsIPB and FPB philosophy and design, provides calculations working closely with global finance, and delivery across all cohorts including CT, BST, KT, SBUs, etc.Delivery of our compensation elements including funding for IPB and FPB to more than 30,000 non-MDP employeesBenefits and retirement philosophy, strategy and implementationBenefits strategy including refresh of minimum duty of care standards, differentiated benefits priorities and global coordination, cost management, broker strategy, employee impactPSRF/financial wellness strategy, evolution, risk management, governance best practice implementation, philosophy refresh, fiduciary responsibilitySupport of Managing Director led business and Strategic Business Unit HRLeadership of highly complex MD performance and compensation management in concert with BCG X, TDA and SBU leadership; Consolidating HR support for SB/SBUs (Note: this portion of the role might later move to a different reporting line)Infrastructure, operations and complianceCompensation and rewards systems & infrastructure, strategy, evolution & maintenance including developing and driving north star (SSOT, impact on payroll integration, benefits, efficiency, self-serve and automation)Compliance with compensation related legislation and strategies for achieving e.g., pay equityCross functional topic alignment with employment laws, compliance and other HR related topicsStructuring and coordination of talent archetypes and logic across the businessTalent archetype definitions and management aligned with talent model and financial/target op model metrics and comp approaches, including levels and titlesTeam leadership and developmentTeam management and upskilling; teaming and operating model with local, regional and global rewards communitiesWHO WE ARE
BCG pioneered strategy consulting more than 50 years ago, and we continue to innovate and redefine the industry. We offer multiple career paths for the world's best talent to have a real impact on business and society. As part of our team, you will benefit from the breadth and diversity of what we are doing today and where we are headed next. We count on your authenticity, exceptional work, and strong integrity. In return we are committed to supporting you in discovering the most fulfilling career journey possible-and unlocking your potential to advance the world. Our team called Global Services (GS) provides corporate support to business areas such as Finance, Legal, HR, Marketing and IT. This diverse team of experts, operators and specialists represent all levels from Partner to entry level staff, operating across the globe in multiple countries. Global Services is in short, the backbone of BCG.
YOU BRING (EXPERIENCE & QUALIFICATIONS)
Bachelor's Degree or equivalent in business, Human Resources or related field or experience in the consulting industry and advanced degree (MBA or other Masters) preferred.Minimum of 15 years' experience in Human Resources or consulting industryExperience in the talent management lifecycle in professional services firm and/or organizations with strong cultural support for progressive human resource practices.Open to both Business Services Team and Consulting Team membersPredictable, international travel will be required.EQUAL OPPORTUNITY
BCG is an Equal Employment Opportunity employer and is committed to a policy of administering all employment decisions and actions without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.
YOU'RE GOOD AT
OVERARCHING GOALS OF ROLE
Proactively balance employee EVP and firm financial objectives, taking a strategic view of our value propositionEnable and provide decision support to systems to optimize profit, meet long term EVP goals and manage risk. Partner with and advise the business on talent and financial trade-offs across all cohorts and all levels. Manage governance across disparate complex stakeholder groupsEnsure linkages across the full breadth of BCG, ensuring a cogent strategy (eg benefits changes within a geo impacting multiple business units, relative compensation moves across core and X, parity across local and global roles for bSt and moreOversee high quality execution of our rewards approach within highly complex systems and context e.g., acquisitions, hyper-inflation, devaluation, competitive market dynamics and delivery to more than 30,000 employeesDrive high-impact change-the-business agenda, ensuring forward, outward looking approach including market sensing capabilities and maintaining technical acumenManage risk, ensure compliance, develop and communicate guardrails and governance requirementsBuild a positive people culture in rewards team and build with local, regional and global rewards communitiesParticipate in various senior leadership committees including the Operations Leadership Team (OLT), BST-PMT, CPMT, SDDC, and present regularly at Executive Committee on comp and benefits related topicsKEY COMPETENCIES
Sits at the intersection of our talent strategy and financial objectives - requires the ability to understand both requirements and help BCG thread the needleRequires the stature and credibility to go "toe to toe" with our most senior business leaders bringing the appropriate mix of collaboration and governance; is accountable to EC and OCMust be willing to challenge the status quo ensuring our total rewards are fit for purpose, evolve with market and EVP changes, and are enabled by the appropriate technologyIncreasingly coordinate/manage moves with impact across multiple parts of the firm (eg core and X salaries, local and global BST, etc)Continually increasing in complexity as business has evolved and expanded
YOU'LL WORK WITH
BCG's HR team works to attract, develop, excite, deploy, and retain the best people in the market. Those in human resources jobs manage the life cycle of all BCG employees-from hiring top talent and developing their skills to rewarding their contributions and supporting career progression and mobility.