Director, Compensation and Benefits

Location: King of Prussia, PA

View cannabis job requirements in Pennsylvania
Job Posted
Jan 09, 2024
Company: TerrAscend

Company & Role Overview

Summary

TerrAscend

It's a Joint Effort

Director, Compensation and Benefits

Where you'll be planted:

To be blunt, this person will:

  • Directs, designs, and plans compensation policies, objectives, and initiatives and recommends changes that are cost-effective and consistent with compensation trends (fair, equitable and attractive) and corporate objectives.
  • Oversees collection of wage, salary, and incentive survey data to ensure company compensation programs and objectives are competitive inside and outside of the Cannabis industry.
  • Plans and administers long and short-term equity programs and executive reward programs that drive company performance and comply with applicable laws and regulations.
  • Leads the annual salary review process in conjunction with departmental heads.
  • Provides direction for total compensation of (newly created) salaried roles.
  • Further enhances and streamlines the company's salary bands, job titles and job levels. Works closely with the HRIS team to ensure these salary bands, job titles and job levels are captured in the HRIS system and are accurate and up to date.
  • Oversees role or job (level) changes for salaried roles to ensure alignment with the company's compensation structure.
  • Supports the Chief People and Culture Officer with information required for the Compensation Committee of the Board of Directors and the annual proxy statement.
  • Reviews and analyzes the benefits market to determine employee needs, trends, regulations, and practices, and develops competitive programs and services to meet company goals.
  • Evaluates and analyzes the results of the programs and services regularly and systematically; reports these results to the Chief People and Culture Officer, The Chief Financial Officer in addition to other management reporting such as but not limited to benefit loss and claims control.
  • Plans and directs the implementation and administration of benefits programs designed to ensure employees against loss of income due to illness, injury, or retirement.
  • Directs preparation and distribution of written and verbal information to inform employees of benefits programs such as insurance plans, pension plans, 401(k), life and special employer-sponsored plans.
  • Directs the Compensation and Benefits department, the broader Human Resources function and other support functions in providing benefits related customer service, presenting information records, and processing claims.
  • Actively looks for process improvement, system updates and communication opportunities to increase internal customer satisfaction and employee engagement.
  • Manages the relationship with consultants and benefits providers together with the appropriate internal resources.
  • Prepares and monitors the Benefits budget within the Human Resources department.

What We're High On... We value diverse skillsets, talents, and experiences. To be successful in this role, we know you'll need:

  • Bachelor's degree in business, human resources, or related field highly preferred.
  • 8+ years of progressive experience in Compensation and Benefits.
  • 3+ years of managing a team of benefits and compensation professionals.
  • Experience supporting international publicly traded organizations with differing state/country regulations around Compensation and Benefits highly preferred.
  • SHRM Certified Professional (SHRM-CP) or Senior Certified Professional (SHRM-SCP) and certified compensation professional credentials preferred.
  • Start-up and/or early-stage company work experience highly preferred, preferably in the Cannabis industry.
  • Ability to work cross-functionally and drive trust and rapport with departmental and executive leadership.

Benefits (Full-Time Employees eligible):

  • Employee Discount (all employees eligible)
  • Paid Time Off
  • Health, vision, and dental insurance (with telehealth option)
  • 401k with 4% company matching (100% vested immediately)
  • Employee Assistance Program
  • Paid Parental Leave
  • Life Insurance
  • Short & Long Term Disability

*** Background Check Requirement ***

EEO Statement

Disclaimer

This organization participates in E-Verify.

Esta Organización Participa en E-Verify.

Statement on External Recruiting Agencies

*** Background Check Requirement ***

EEO Statement

Disclaimer

This organization participates in E-Verify.

Esta Organización Participa en E-Verify.

Statement on External Recruiting Agencies

Working Environment

(No Information)