Welcome to Ford Motor Company, where we are driven by a passion for innovation and a commitment to excellence. As the Director of Compensation, you will play a crucial role in ensuring that our talented team is fairly and competitively compensated for their hard work and dedication. We are seeking a dynamic and experienced individual to lead our compensation strategy and programs, while fostering a culture of equity and recognition within our organization. If you are a strategic thinker with a strong background in compensation, we invite you to join our team and help us continue to drive success for our employees and our company.
- Develop and implement a comprehensive compensation strategy that aligns with the company's overall goals and objectives.
- Evaluate and analyze market trends and industry benchmarks to ensure competitive and fair compensation for all employees.
- Conduct regular reviews of compensation programs and make recommendations for improvements or adjustments as needed.
- Collaborate with cross-functional teams, such as HR, finance, and senior leadership, to gather input and ensure alignment with company goals.
- Design and implement effective performance-based compensation plans to motivate and reward high-performing employees.
- Lead the annual salary review process, including budget planning, market analysis, and communication with employees.
- Ensure compliance with all legal and regulatory requirements related to compensation and benefits.
- Provide guidance and support to HR and management in addressing compensation-related issues and inquiries.
- Proactively identify and address any potential compensation-related challenges or risks.
- Foster a culture of equity, transparency, and recognition within the organization, promoting a positive employee experience.
- Stay updated on industry trends and best practices in compensation and make recommendations to enhance the company's compensation programs.
- Develop and maintain strong relationships with external compensation consultants and vendors.
- Manage and mentor a team of compensation professionals, providing guidance and support to help them grow and succeed.
- Represent the company in compensation-related discussions and negotiations with external parties, such as unions or associations.
- Continuously monitor and evaluate the effectiveness of compensation programs and make data-driven recommendations for improvements.
Extensive Knowledge Of Compensation And Benefits Programs: A Director Of Compensation At Ford Motor Must Have A Strong Understanding Of All Aspects Of Compensation, Including Salary Structures, Bonuses, Incentives, And Benefits. They Should Be Able To Design And Implement Competitive And Effective Compensation Programs That Align With The Company's Goals And Objectives.
Experience In A Leadership Role: This Position Requires A Candidate With Proven Experience In A Leadership Role, Preferably In A Similar Capacity. They Should Have Managed A Team Of Compensation Professionals And Have The Ability To Lead And Motivate Their Team Towards Achieving Organizational Goals.
Strong Analytical And Problem-Solving Skills: The Director Of Compensation Must Possess Excellent Analytical And Problem-Solving Skills To Evaluate The Effectiveness Of Current Compensation Programs And Propose Solutions To Address Any Gaps Or Issues. They Should Also Have The Ability To Analyze Market Data And Industry Trends To Make Informed Decisions About Compensation Strategies.
Advanced Communication And Interpersonal Skills: As A Senior Leader, The Director Of Compensation Must Have Excellent Communication And Interpersonal Skills To Effectively Collaborate With Other Departments, Senior Management, And External Partners. They Should Also Possess Strong Negotiation Skills To Advocate For The Company's Compensation Strategies.
In-Depth Understanding Of Relevant Laws And Regulations: A Director Of Compensation At Ford Motor Must Have A Thorough Understanding Of Relevant Laws And Regulations Related To Compensation, Such As Equal Pay Laws, Minimum Wage Laws, And Federal And State Tax Regulations. They Should Ensure That The Company's Compensation Programs Are Compliant With These Laws And Regulations.
Communication Skills
Performance Management
Data Analysis
Market Research
Budget management
Benefits Administration
Incentive Programs
Total Rewards
Compensation Strategy
Salary Benchmarking
Executive Compensation
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Director, Compensation in Dearborn, MI, USA is $130,000 - $190,000 per year. This salary range can vary depending on the level of experience, education, and skills of the individual, as well as the size and industry of the company they work for.
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Ford is a leading top 10 automobile companies in the world and was established in 1903 by Henry Ford at Dearborn, Michigan, United States. Ford makes many popular car models such as Fiesta, Endeavour, Eco sport, Expedition, Escape, Mustang, Taurus, Focus, and Fusion. This top automobile company in 2018 has an annual production capacity of around 6.7 million cars and employs more than 200,000 personnel. Ford had an estimated annual revenue of almost $150 billion with a net income of around $8 billion in 2017 and owns more than 90 automobile manufacturing plants across the world.
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