GLOBAL HEAD OF REWARDS
Company: Boston Consulting Group
Location: Boston
Posted on: October 15, 2024
Job Description:
WHAT YOU'LL DO
Total rewards is BCG's largest expense with billions of dollars in
spend and is a critical, evergreen strategic capability for the
firm. As a people-based business, we aspire to optimize our
spending across the various rewards categories to improve the
overall ROI of both our investment and overall employee EVP.
This leader is responsible for driving the strategy and execution
of all elements of our compensation programs. These efforts include
conducting regular compensation and benefits reviews throughout the
year and across the globe, delivering bonus budgets and supporting
the execution of bonus and Firm Performance Bonus payments across
the firm, and managing tenure, mid-year and end of year salary
increases for our CT, BST, KT, SBU and other talent groups. The
role is also responsible for supporting our myriad benefits
programs globally including complex benefits reviews and renewals.
The role will drive our strategy for ongoing systems support,
updating, testing within Workday and our bonus tool Compro. In
addition to these compensation and benefits responsibilities, the
leader is also responsible for defining and maintaining our overall
talent architecture logic and compensation approach and drives our
internal equity and calibration with role leveling reviews.
The leader of the Rewards function will engage in evolving our
operating model. We are building a best-in-class rewards function
with deep functional expertise, improved coordination of fragmented
resources in regions and systems, and consolidating transactional
activities to lower cost shared service locations. In addition, the
function is building a robust, multi-year systems strategy that
will require continued leadership to see through to completion and
achievement of desired outcomes.
BASIC JOB RESPONSIBILITIES:
- Compensation philosophy, strategy, business partnering,
governance and execution
- Owner of proactive, forward-looking base & total comp (TLSS)
assessments, benchmarks and approvals
- IPB and FPB philosophy and design, provides calculations
working closely with global finance, and delivery across all
cohorts including CT, BST, KT, SBUs, etc.
- Delivery of our compensation elements including funding for IPB
and FPB to more than 30,000 non-MDP employees
- Benefits and retirement philosophy, strategy and implementation
- Benefits strategy including refresh of minimum duty of care
standards, differentiated benefits priorities and global
coordination, cost management, broker strategy, employee
impact
- PSRF/financial wellness strategy, evolution, risk management,
governance best practice implementation, philosophy refresh,
fiduciary responsibility
- Support of Managing Director led business and Strategic
Business Unit HR
- Leadership of highly complex MD performance and compensation
management in concert with BCG X, TDA and SBU leadership;
Consolidating HR support for SB/SBUs (Note: this portion of the
role might later move to a different reporting line)
- Infrastructure, operations and compliance
- Compensation and rewards systems & infrastructure, strategy,
evolution & maintenance including developing and driving north star
(SSOT, impact on payroll integration, benefits, efficiency,
self-serve and automation)
- Compliance with compensation related legislation and strategies
for achieving e.g., pay equity
- Cross functional topic alignment with employment laws,
compliance and other HR related topics
- Structuring and coordination of talent archetypes and logic
across the business
- Talent archetype definitions and management aligned with talent
model and financial/target op model metrics and comp approaches,
including levels and titles
- Team leadership and development
- Team management and upskilling; teaming and operating model
with local, regional and global rewards communities YOU'RE GOOD
AT
OVERARCHING GOALS OF ROLE
- Proactively balance employee EVP and firm financial objectives,
taking a strategic view of our value proposition
- Enable and provide decision support to systems to optimize
profit, meet long term EVP goals and manage risk. Partner with and
advise the business on talent and financial trade-offs across all
cohorts and all levels. Manage governance across disparate complex
stakeholder groups
- Ensure linkages across the full breadth of BCG, ensuring a
cogent strategy (eg benefits changes within a geo impacting
multiple business units, relative compensation moves across core
and X, parity across local and global roles for bSt and more
- Oversee high quality execution of our rewards approach within
highly complex systems and context e.g., acquisitions,
hyper-inflation, devaluation, competitive market dynamics and
delivery to more than 30,000 employees
- Drive high-impact change-the-business agenda, ensuring forward,
outward looking approach including market sensing capabilities and
maintaining technical acumen
- Manage risk, ensure compliance, develop and communicate
guardrails and governance requirements
- Build a positive people culture in rewards team and build with
local, regional and global rewards communities
- Participate in various senior leadership committees including
the Operations Leadership Team (OLT), BST-PMT, CPMT, SDDC, and
present regularly at Executive Committee on comp and benefits
related topics KEY COMPETENCIES
- Sits at the intersection of our talent strategy and financial
objectives - requires the ability to understand both requirements
and help BCG thread the needle
- Requires the stature and credibility to go toe to toe with our
most senior business leaders bringing the appropriate mix of
collaboration and governance; is accountable to EC and OC
- Must be willing to challenge the status quo ensuring our total
rewards are fit for purpose, evolve with market and EVP changes,
and are enabled by the appropriate technology
- Increasingly coordinate/manage moves with impact across
multiple parts of the firm (eg core and X salaries, local and
global BST, etc)
- Continually increasing in complexity as business has evolved
and expanded YOU BRING (EXPERIENCE & QUALIFICATIONS)
- Bachelor's Degree or equivalent in business, Human Resources or
related field or experience in the consulting industry and advanced
degree (MBA or other Masters) preferred.
- Minimum of 15 years' experience in Human Resources or
consulting industry
- Experience in the talent management lifecycle in professional
services firm and/or organizations with strong cultural support for
progressive human resource practices.
- Open to both Business Services Team and Consulting Team members
- Predictable, international travel will be required. YOU'LL WORK
WITH
BCG's HR team works to attract, develop, excite, deploy, and retain
the best people in the market. Those in human resources jobs manage
the life cycle of all BCG employees-from hiring top talent and
developing their skills to rewarding their contributions and
supporting career progression and mobility.
Keywords: Boston Consulting Group, Somerville , GLOBAL HEAD OF REWARDS, Accounting, Auditing , Boston, Massachusetts
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