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Strategic Total Rewards Business Partner
Strategic Total Rewards Business PartnerFresenius Medical Care • Nashua, NH, US
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Strategic Total Rewards Business Partner

Strategic Total Rewards Business Partner

Fresenius Medical Care • Nashua, NH, US
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  • [job_card.full_time]
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Strategic Total Rewards Business Partner

The Strategic Total Rewards Business Partner serves as a strategic advisor and subject matter expert to our CDNA, ensuring that our total rewards strategies align with business objectives, attract top talent, and drive employee engagement. This role will provide comprehensive leadership and consultation on global compensation, benefits, and recognition programs, ensuring these initiatives are competitive, equitable, and compliant with local regulations across the regions where the business unit operates.

Principal Duties And Responsibilities

Strategic Business Partnership :

  • Partner with business leaders and Strategic HR Business Partners (HRBPs) to understand the function's goals, challenges, and business priorities.
  • Owns business strategy for own area of responsibility to inform to TR Ops. and SME.
  • Implement total rewards strategies that support business objectives and align with the company's global total rewards philosophy.
  • Provide thought leadership on emerging trends and innovative practices in total rewards to address global talent needs.
  • Primary contact of Total Rewards and our Business.
  • Liaison to business on escalations (ambassadors)
  • Expert in our business specific-structures.
  • Training / delivering of HR teams & Mgrs on TR Programs
  • Partnership with other HR CoEs + Functions
  • Develop TR budgets with the main stakeholders : business leaders, SHRBP's, Finance Business Partners, etc.

Influence stakeholders, who regularly have divergent interests, to achieve short-term global / country objectives; represent the CoE on global / and national level.

Problems faced are difficult and are often complex.

Improve existing methods, techniques and / or processes across job areas.

Compensation :

  • Co-Lead / Support the design, implementation, and communication of competitive compensation programs, including base pay, incentive plans, and executive compensation for the functions.
  • Establish a library of all existing business-specific incentive or pay-related programs and ensure alignment with best practices and the establishment of globally consistent structures and processes.
  • Collaborate with the global TR operations team to ensure consistent application of job architecture, leveling, and market benchmarking.
  • Analyze market trends, internal equity, and pay-for-performance outcomes to make data-driven recommendations.

    • Benefits :

  • Partner with global benefits teams to ensure benefit programs meet the needs of employees in diverse geographies while remaining cost-effective and compliant.
  • Serve as a liaison between the functions and corporate benefits teams, identifying opportunities for enhancements and efficiencies.
  • Drive initiatives to improve employee understanding and appreciation of benefit offerings.

    • Governance and Compliance :

  • Ensure compliance with local regulations and internal governance policies in all total rewards programs.
  • Partner with legal and compliance teams to mitigate risks and address emerging regulatory changes.

    • Leadership and Collaboration :

  • Act as a change agent to influence and support cultural alignment with total rewards strategies.
  • Collaborate with cross-functional teams, including Finance, Legal, HR Operations, and regional HR leaders, to ensure seamless program delivery.

    • Analytics and Reporting :

  • Leverage data analytics to monitor the effectiveness of total rewards programs and recommend adjustments as needed.
  • Provide business leaders with insights on trends, forecasts, and competitive positioning.

    • Experience And Required Skills :

  • Bachelor's degree in Human Resources, Business Administration, or related fields.
  • 8+ years' related experience.
  • Experience supporting global business units in a complex, matrixed organization.
  • Deep knowledge of global compensation and benefits practices, regulatory environments, and market trends.
  • Strong interpersonal skills with the ability to communicate with all levels of management through diplomacy and tact.
  • Demonstrated ability to manage multiple priorities and deliver results in a fast-paced environment.
  • Interpreting and applying understanding of key financial indicators to recommend appropriate business solutions.
  • Comfortable in working within a global environment, across multiple geographies and time-zones.
  • High level of integrity, discretion, and professionalism.

    • Benefit Overview : This position offers a comprehensive benefits package including medical, dental, and vision insurance, a 401(k) with company match, paid time off, parental leave and potential for performance-based bonuses depending on company and individual performance.

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