McCormick & Company, Incorporated
Director, Executive Total Rewards
McCormick & Company, Incorporated, Cockeysville, Maryland, United States, 21030
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You may know McCormick as a leader in herbs, spices, seasonings, and condiments – and we’re only getting started. At McCormick, we’re always looking for new people to bring their unique flavor to our team. McCormick employees – all 14,000 of us across the world – are what makes this company a great place to work.
We are looking to hire a Director, Executive Total Rewards to join our team at our Global Headquarters in Hunt Valley, Maryland. This position will be eligible to participate in our hybrid work program (50% onsite and 50% remote per month).
What We Bring To The Table:
The best people deserve the best rewards. In addition to the benefits you’d expect from a global leader (401k, health insurance, paid time off, etc.) we also offer:
Career growth opportunities
Flexibility and Support for Diverse Life Stages and Choices
We prioritize our communities and the planet we share. We are proud to be awarded as a Diversity Inc. Top 50 company for Diversity and have multiple Sustainability awards (ranking #22 in the World and #1 in Food Products)
Wellbeing programs including Physical, Mental and Financial wellness
Position Overview
The Director of Executive Total Rewards will be responsible for leading the development, design, and implementation of compensation and benefits programs for executives, as well as managing the company’s equity-based compensation plans. The role involves collaborating and providing expert consultancy with senior leadership to ensure that the company’s executive and equity compensation strategies are competitive, align with organizational goals, and comply with regulatory requirements.
Key Responsibilities
Strategy and Design of Executive Programs
Design and implement executive compensation programs, including base salary, short-term incentives and long-term incentives, as well as executive benefits programs. Create compensation strategies that attract, motivate, and retain executive talent, while aligning with business goals and shareholder interests. Collaborate with Independent Compensation Consultants to benchmark programs against peer companies and industry best practices. Partner with executives to provide education on total rewards programs and ensure excellent employee experience.
Equity Program Design and Administration
Design and lead the administration of equity-based compensation plans, such as stock options, RSUs and PSUs. Collaborate with legal and finance teams to ensure compliance with securities regulations and financial reporting requirements related to equity compensation. Ensure the accuracy of equity compensation data and timely reporting.
Conduct in-depth analyses of executive and equity compensation data to benchmark against peer companies and industry best practices. Provide insights and recommendations based on data analytics to inform compensation decisions and equity plan designs. Prepare materials for the Compensation Committee of the Board of Directors, including compensation analyses, recommendations, and reports. Prepare the Compensation Discussion and Analysis (CD&A) section of the annual proxy, ensuring accuracy in executive compensation disclosures. Lead Global Mobility team to provide strategic oversight, ensure regulatory compliance and alignment with company policies. Provide support for annual compensation processes as needed. Partner with regional Total Rewards leads to ensure success of the function. Vendor management. Qualifications Bachelor's degree in Business, Finance, HR, or related field or equivalent experience required. Masters degree in Business, HR or related discipline preferred. 5 or more years supporting complex Total Rewards programs for global, public companies. Compensation or benefits related certification preferred. 2-3 years of experience in leading the development and design of executive compensation and benefits programs, as well as managing equity compensation programs. Experience creating compensation strategies that attract, motivate, and retain executive talent, while aligning with business goals and shareholder interests. Expertise of relevant regulatory requirements, including SEC rules, tax regulations and shareholder-approved compensation plans. Strong analytical and problem-solving skills, with the ability to work with large datasets and conduct compensation modeling. Proven experience in successfully partnering with cross-functional senior leaders and external experts to design and execute compensation programs that align with the company’s strategy and goals. Ability to effectively communicate compensation programs to executives and employees. Experience leading and developing global teams. Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormick’s Incentive Bonus (MIB) Plan/ McCormick’s Sales Incentive Bonus (SIB) Plan/ McCormick’s Dividend Program. In addition to a competitive compensation package, permanent employees of McCormick are eligible for our extensive Total Rewards programs that include: Comprehensive health plans covering medical, vision, dental, life and disability benefits. Family-friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support. Retirement and investment programs including 401(k) and profit-sharing plans. McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future. WHY WORK AT MCCORMICK?
United by flavor. Driven by results. As a McCormick employee you’ll be empowered to focus on more than your individual responsibilities. You’ll have the opportunity to be part of something bigger than yourself—to have a say in where the company is going and how it’s growing. Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.
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Design and implement executive compensation programs, including base salary, short-term incentives and long-term incentives, as well as executive benefits programs. Create compensation strategies that attract, motivate, and retain executive talent, while aligning with business goals and shareholder interests. Collaborate with Independent Compensation Consultants to benchmark programs against peer companies and industry best practices. Partner with executives to provide education on total rewards programs and ensure excellent employee experience.
Equity Program Design and Administration
Design and lead the administration of equity-based compensation plans, such as stock options, RSUs and PSUs. Collaborate with legal and finance teams to ensure compliance with securities regulations and financial reporting requirements related to equity compensation. Ensure the accuracy of equity compensation data and timely reporting.
Conduct in-depth analyses of executive and equity compensation data to benchmark against peer companies and industry best practices. Provide insights and recommendations based on data analytics to inform compensation decisions and equity plan designs. Prepare materials for the Compensation Committee of the Board of Directors, including compensation analyses, recommendations, and reports. Prepare the Compensation Discussion and Analysis (CD&A) section of the annual proxy, ensuring accuracy in executive compensation disclosures. Lead Global Mobility team to provide strategic oversight, ensure regulatory compliance and alignment with company policies. Provide support for annual compensation processes as needed. Partner with regional Total Rewards leads to ensure success of the function. Vendor management. Qualifications Bachelor's degree in Business, Finance, HR, or related field or equivalent experience required. Masters degree in Business, HR or related discipline preferred. 5 or more years supporting complex Total Rewards programs for global, public companies. Compensation or benefits related certification preferred. 2-3 years of experience in leading the development and design of executive compensation and benefits programs, as well as managing equity compensation programs. Experience creating compensation strategies that attract, motivate, and retain executive talent, while aligning with business goals and shareholder interests. Expertise of relevant regulatory requirements, including SEC rules, tax regulations and shareholder-approved compensation plans. Strong analytical and problem-solving skills, with the ability to work with large datasets and conduct compensation modeling. Proven experience in successfully partnering with cross-functional senior leaders and external experts to design and execute compensation programs that align with the company’s strategy and goals. Ability to effectively communicate compensation programs to executives and employees. Experience leading and developing global teams. Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormick’s Incentive Bonus (MIB) Plan/ McCormick’s Sales Incentive Bonus (SIB) Plan/ McCormick’s Dividend Program. In addition to a competitive compensation package, permanent employees of McCormick are eligible for our extensive Total Rewards programs that include: Comprehensive health plans covering medical, vision, dental, life and disability benefits. Family-friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support. Retirement and investment programs including 401(k) and profit-sharing plans. McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law. As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future. WHY WORK AT MCCORMICK?
United by flavor. Driven by results. As a McCormick employee you’ll be empowered to focus on more than your individual responsibilities. You’ll have the opportunity to be part of something bigger than yourself—to have a say in where the company is going and how it’s growing. Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.
#J-18808-Ljbffr