Director Global Compensation
Hanes Brands

Job Info

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Overview

HanesBrands Inc. is a global company with more than 60,000 associates in 47 countries, all working together to create the world's best apparel to include iconic brands such as Champion, Hanes, Bali, Bonds, and many more. We offer enormous opportunities for creative thinkers, for people with a passion for consumers, and for people who think like business owners. We're building a truly inclusive culture, where people of different backgrounds, races, cultures and experiences come together to make us stronger. We are a sustainable company committed to making a positive difference in our communities and around the world.

The Director Global Compensation ("Director") is a key and critical member of the corporate HR team reporting to the VP HR Global Compensation and Benefits ("VP"). This individual will be responsible for supporting the VP in managing much of the day-to-day compensation initiatives across the organization and with increased knowledge of the business will assume direct responsibility for that leadership and management.

Specifically, the Director will work closely with the VP supporting the development of global compensation strategy and plans consistent with the corporate compensation philosophy. The Director will lead the implementation, communication and administration of compensation programs, policies, and pay practices. The position will monitor the effectiveness and cost competitiveness of compensation programs and provide recommendations consistent with the corporate compensation philosophy, market competitiveness, business requirements and cost competitiveness. This role will provide the Director with the opportunity to work broadly across all global areas of compensation and to play a significant influence role within Global HR and in the global business.

Responsibilities

Compensation Consulting:

• Partnering with HR and Business Leaders and provide leadership and guidance to develop creative, effective, cost competitive and timely solutions consistent with corporate compensation philosophy.
• Provide advice to management regarding compensation best practices, market trends.
• Support the planning and design of corporate-wide compensation programs for the Company.
• Lead the implementation, administration and communication of compensation programs and practices.
• Serve as consultant to HR generalist and the business regarding the development and administration of country compensation programs.
• Guide the compensation team as they support the business and HR generalists. Counsel human resources partners and management in all areas of compensation, including market pricing, internal equity, promotion opportunities, retention, and other pay components as necessary.

Market Competitiveness:

• Ensure internal equity and external competitiveness by monitoring business practices, legal requirements, economic indicators, and competitive practices.
• Develop and maintain market pricing of positions.
• Research and document key economic drivers influencing compensation decision making and it relates to market ranges salary increase plans, salary increase approvals by country.
• Recommend revisions or new plans or processes that are cost effective and consistent with market trends and corporate compensation philosophy and business objectives.
• Provide analytic and modeling support for the design and implementation of compensation programs.
• Maintain knowledge of current thinking and trends and regularly communicate appropriate leadership thoughts for consideration.
• Lead market studies oversee participation in domestic and international compensation surveys.

Variable Pay Programs:

• Participate in the development and planning of organization-wide, business-specific base salary and incentive plans based on industry trends, budget constraint, cost competitive business need and comp philosophy.
• Consult regarding the design of the Annual Incentive plan.
• Provide annual incentive plan (AIP) modeling support as needed; model the relationship between business objectives, financial performance measures and the implications for the annual incentive plan.

International Assignment:

• Responsible for the provisions of the International Assignment Policy and updating as necessary
• Manage the engagement with the international assignment and tax consultant
• Prepare, communicate and administer international assignments
• Coordinate closely with finance, legal payroll, and tax relative to assignments.

Severance Administration

• Responsible for US Severance Policy Administration.
• Coordinate with legal, HR generalists and payroll to execute severance in accordance with the policy.
• Provide accruals and reconciliation of Corporate Severance Budget.

Audit And Compliance:

• Establish and maintain internal control standards, including timely implementation of internal and external audit points to ensure compliance with governmental regulations, internal standards and processes.
• Maintain and administer corporate and global management headcount/compensation approval guideline process and compliance.
• Keep apprised of governmental regulations globally to endure compliance in those locations where we operate.
• Coordinate with HRIS to ensure appropriate level of management reporting, interfaces with vendors are consistent with plan requirements.
• Comply with internal and external audit requirements of the company's compensation programs, ensuring accurate and timely internal and external reporting of compensation programs and practices.
• Prepare compensation disclosure tables and support the compensation disclosure and analysis - narrative and compensation tables.
• Knowledge of applicable regulations related to total rewards: FLSA, OFCCP, FAS, SEC, IRC including 409A, ERISA, DOL, Title 7, Sarbanes-Oxley, Dodd-Frank, etc.

Vendor Relationships:

• Effectively manage external consulting and vendor relationships, and service providers providing competitive and economic trends; plan design, administration and communication including
  • Compensation survey vendors
  • Compensation consultants
  • International assignment vendor
  • Equity and ESPP administrators
  • NQ SERP and Deferred Compensation consulting
• Negotiate and administer service agreements, including performance guarantees.
• Develop collaborative relationships with external vendors and resources.

Team Relationship And Department Administration:

• Critical thought partner to VP Global Compensation & Benefits to help define for HBI the characteristics of a successful compensation function in the future; identify the key deliverables and timeline to achieve.
• Strong managing leader with the ability to grow and develop a team that can offer the best in class partnership.
• Lead and administer Annual Operating Plan Commitment (OPC) and Operating Plan Update (OP2) and accruals for Compensation & Benefits Departments.
• Lead and administer OPC and OP2 and accruals for AIP, OIP, RSP Match and ACC Qualified and SERP.

Qualifications

• Required Education/Certification: Bachelor's Degree
• Preferred Education/Certification: Master's, MBA
• Required Years of Experience: 8 years
• Preferred Years of Experience: 10+ years
• Bachelor's degree required in human resources, business, economics, accounting/finance or related field with advanced graduate degree preferred (e.g. MBA, Master's)
• Minimum 8 years' progressive global compensation leadership experience and successful track record
• Strong hands-on functional experience and knowledge base of all aspects of compensation (base, bonus, incentive, and LTIP), executive, non-qualified, deferred compensation, and equity administration
• Seasoned business acumen and savvy; highly analytical and process orientation, with strong decision making, problem solving, consulting, influencing, relationship and partnering skills
• Effective communication skills and adept at tailoring both written and verbal communication based on the audience, e.g. employees, peers, supervision, executive management
• High energy, results orientation; strategic and hands-on; understands the details
• Experienced user of Microsoft office, including word, excel, power point and access
• Demonstrated strength in coaching and mentoring
• High interpersonal skills, credibility, discretion, ethics, and integrity
• Skilled in accounting and budgeting processes, accruals, economic and financial analysis tools and exposure to actuarial analysis
• Merger and acquisition experience
• Vendor management experience, preferably equity administration
• Supervisory experience
• Multi-national fortune 500 brand-focused organization; consulting or advisory experience
• Certified Compensation Professional (CCP) and/or National Association Stock Plan Professional certification designations

To qualify, applicants must be legally authorized to work in the United States and should not require now, or in the future, sponsorship for employment visa status

EOE/AA: Minorities/Females/Veterans/Disabled

Only applicants requiring reasonable accommodation for any part of the application and hiring process should contact us directly:

Telephone: 877.999.5553

Email:HBI_TA@hanes.com

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