Western Union
Director, Global Rewards (Compensation)
Western Union, Denver, Colorado, United States, 80285
Director, Global Rewards – Denver, ColoradoAre you ready to take the lead in transforming our Global Rewards strategy? Are you ready to unleash your potential in a global business that is committed to moving money for the better? Are you interested in joining a globally diverse organization where our unique contributions are recognized and celebrated, allowing each of us to thrive? Then it’s time to join Western Union as a Director, Global Rewards.Western Union powers your pursuit.You will play a crucial role in shaping and executing the company's compensation strategy as we continue to evolve our business to be the global leader in cross-border money transfer. This position is responsible for developing and implementing compensation policies and programs that attract, retain, and motivate top talent while ensuring alignment with the company's business objectives and market trends. The Director, Global Rewards will collaborate closely with senior leadership, HR business partners, and external compensation consultants to drive compensation practices that support our global workforce and promote a high-performance culture. If you are a strategic thinker with a passion for compensation, we invite you to apply for this exciting opportunity to drive our company's success.You and your team will partner with leaders across the People organization and the business to determine where and how rewards practices should evolve – you will contribute to the development of our global rewards strategy. You will have a deep understanding of emerging trends in the competitive environment to provide innovative solutions to compensation and talent-related challenges.Role Responsibilities
Strategic Compensation Planning – Contribute to the development and execution of the global compensation strategy, ensuring alignment with the company's overall business goals and market competitiveness. Regularly review and adjust compensation structures and practices to support business objectives and employee engagement.Leadership and Management - Direct the work of a global compensation team, ensuring fit-for-purpose compensation frameworks and principles designed to attract, retain, drive performance and engagement of employees at all levels.Stakeholder Collaboration - Key advisor to senior leadership, HR Partners, and business leaders to support and deliver on the talent strategy and organizational performance, solve complex challenges, and support business unit priorities for assigned functional areas.Program Design and Implementation - Lead the design and implementation of compensation programs, including base salary, variable pay, and incentive plans.Market Analysis and Benchmarking – Keep current and use data-driven insights from comprehensive market research and benchmarking to assess compensation trends, salary structures, incentive plan design, and other reward strategies.Data Management and Reporting - Oversee the management of compensation data and analytics. Provide regular reports and insights to senior management on compensation trends, program effectiveness, and ROI.Compliance and Governance - Ensure all compensation practices and programs comply with relevant laws and regulations across different countries.Role Requirements
Minimum of 10-12 years of progressive experience in compensation and benefits, with at least 7 years in a leadership role overseeing global compensation strategies.Strong knowledge of compensation principles, market benchmarking, and regulatory compliance.Proven ability to analyze complex data, develop strategic insights, and communicate findings effectively to senior stakeholders.Excellent interpersonal skills with the ability to influence and collaborate with diverse teams and leaders.Experience working in a multinational corporation and understanding of global compensation practices.Effective verbal, written, and presentation skills with demonstrated ability to present complex ideas to senior management and other audiences.History of experience in successfully assessing, developing, and implementing the principles of compensation & benefits in an organizational setting.Critical thinking, ability to navigate complex problems, analyze processes, synthesize data, communicate effectively, and deliver solutions and results.CCP or GRP certification would be strongly preferred.We make financial services accessible to humans everywhere. Join us for what is next.Western Union is positioned to become the world’s most accessible financial services company transforming lives and communities. We are a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe.SalaryThe base salary range is $170,000 - $210,000 USD per year, total on target compensation includes a base salary plus long-term and short-term incentives that align with individual and company performance.BenefitsYou will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms.Your United States – Specific Benefits IncludeFlexible Time offCompetitive 401K contributionMedical, Dental and Life InsuranceTuition Assistance ProgramParental LeaveWestern Union values in-person collaboration, learning, and ideation whenever possible. We believe this creates value through common ways of working and supports the execution of enterprise objectives which will ultimately help us achieve our strategic goals.Estimated Job Posting End Date11-01-2024
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Strategic Compensation Planning – Contribute to the development and execution of the global compensation strategy, ensuring alignment with the company's overall business goals and market competitiveness. Regularly review and adjust compensation structures and practices to support business objectives and employee engagement.Leadership and Management - Direct the work of a global compensation team, ensuring fit-for-purpose compensation frameworks and principles designed to attract, retain, drive performance and engagement of employees at all levels.Stakeholder Collaboration - Key advisor to senior leadership, HR Partners, and business leaders to support and deliver on the talent strategy and organizational performance, solve complex challenges, and support business unit priorities for assigned functional areas.Program Design and Implementation - Lead the design and implementation of compensation programs, including base salary, variable pay, and incentive plans.Market Analysis and Benchmarking – Keep current and use data-driven insights from comprehensive market research and benchmarking to assess compensation trends, salary structures, incentive plan design, and other reward strategies.Data Management and Reporting - Oversee the management of compensation data and analytics. Provide regular reports and insights to senior management on compensation trends, program effectiveness, and ROI.Compliance and Governance - Ensure all compensation practices and programs comply with relevant laws and regulations across different countries.Role Requirements
Minimum of 10-12 years of progressive experience in compensation and benefits, with at least 7 years in a leadership role overseeing global compensation strategies.Strong knowledge of compensation principles, market benchmarking, and regulatory compliance.Proven ability to analyze complex data, develop strategic insights, and communicate findings effectively to senior stakeholders.Excellent interpersonal skills with the ability to influence and collaborate with diverse teams and leaders.Experience working in a multinational corporation and understanding of global compensation practices.Effective verbal, written, and presentation skills with demonstrated ability to present complex ideas to senior management and other audiences.History of experience in successfully assessing, developing, and implementing the principles of compensation & benefits in an organizational setting.Critical thinking, ability to navigate complex problems, analyze processes, synthesize data, communicate effectively, and deliver solutions and results.CCP or GRP certification would be strongly preferred.We make financial services accessible to humans everywhere. Join us for what is next.Western Union is positioned to become the world’s most accessible financial services company transforming lives and communities. We are a diverse and passionate customer-centric team of over 8,000 employees serving 200 countries and territories, reaching customers and receivers around the globe.SalaryThe base salary range is $170,000 - $210,000 USD per year, total on target compensation includes a base salary plus long-term and short-term incentives that align with individual and company performance.BenefitsYou will also have access to short-term incentives, multiple health insurance options, accident and life insurance, and access to best-in-class development platforms.Your United States – Specific Benefits IncludeFlexible Time offCompetitive 401K contributionMedical, Dental and Life InsuranceTuition Assistance ProgramParental LeaveWestern Union values in-person collaboration, learning, and ideation whenever possible. We believe this creates value through common ways of working and supports the execution of enterprise objectives which will ultimately help us achieve our strategic goals.Estimated Job Posting End Date11-01-2024
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