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Vice President, Total Rewards

  • Seaport Blvd., Boston, Massachusetts, United States
  • Full Time

About the Job

The Vice President, Total Rewards leads the FMI total rewards strategy and tactics with an innovative approach and a continuous improvement mindset to build on and evolve current total rewards philosophy and programs. This role is familiar with market best practices and keeps abreast of the latest developments in the field at both a national and global level. Key responsibilities of this position include the development and administration of the company’s base pay, short- and long-term incentive programs, executive pay, sales compensation, benefits programs, vendor management, employee well-being, and the employee recognition platform. The Vice President, Total Rewards is a collaborative and strategic leader that leverages industry experience for implementing and driving best Human Resources and Total Rewards practices.

Key Responsibilities

  • Lead the strategic design, implementation, communication, and administration of the company’s compensation, benefits and recognition programs.
  • Work closely with business leaders and People Strategy Leaders (PSLs) to ensure compensation and benefit programs are properly designed and administered in such a way to ensure FMIs ability to attract, develop and retain top talent.
  • Develop and administer the company’s compensation philosophy including base pay, short-term incentives, long-term incentives, promotions, pay-for-performance, and executive compensation; utilize job architecture and career laddering framework to provide more pay transparency to the business.
  • Collaborate with Finance, Legal, Commercial, and other functions to ensure FMI incentive plans (including sales plans) and programs are cost effective, employee-friendly, and compliant.
  • Provide oversight and management of benefits plan documents, plan design, implementation, administration, open enrollment, communications (including the monthly benefits newsletter), and compliance.
  • Lead the annual benefits review and planning processes, including plan design changes and negotiating coverage and costs with vendors while ensuring risks and opportunities are articulated and addressed.
  • Support the company’s employee recognition program, #gratitude, including budget development and program enhancements as needed.
  • Own the company’s global mobility policy; regularly interface with Talent Acquisition and People Experience to ensure program competitiveness.
  • Ensure HR-related compliance, including new policy development and adoption/implementation of new/updated compliance requirements to meet local, state, federal governing laws; participate in OFCCP audits as required.
  • Prepare and present analyses, materials and recommendations to senior leadership, the executive team, and other Roche Total Rewards leaders, as needed and as appropriate.
  • Maintain tight relationships with peers located at other Roche companies, as well as Roche corporate headquarters, to ensure continuity of programs and to share best practices.
  • Develop programs, tools and practices to help better manage costs across compensation and benefits.
  • Act as a key member of leadership team that contributes to objectives, and key results across the People Team, that are not only rewards specific.
  • Other duties as assigned.

Qualifications

Basic Qualifications

  • Bachelor’s Degree
  • 10+ years of experience with compensation, benefits, HR systems and compliance
  • 5+ years of experience managing teams

Preferred Qualifications

  • Master’s Degree or higher educational level in Human Resources or Business
  • Professional biopharma, genetic, and/or life science experience including an understanding of therapeutic or diagnostic development and commercialization
  • Experience with operating under government contracts including pay requirements outlined by the OFCCP
  • Strong leadership history in complex and changing environments with demonstrated ability to gain trust and support from cross-functional peers and teams
  • High degree of analytical capability and ability to present complex information in a streamlined and easy to understand format, considering all possible options
  • Ability to maintain a balanced and objective point-of-view, and to influence at the executive level
  • Ability to look at business challenges and see how they can translate into a solution centered on rewards
  • Ability to work with a level of ambiguity and still make decisions when not all variables are known
  • Strong professional interpersonal written and verbal communication skills
  • Understanding of HIPAA and the importance of patient data privacy & compliance
  • Commitment to reflect FMI’s values: Passion, Patients, Innovation, and Collaboration

 

Confidence, or the belief that we need to check every box before applying for a job, can sometimes hold us back from going after a role that inspires us. At Foundation Medicine there's no such thing as the 'perfect' applicant, and our company is a place where every employee can make an impact and continue to grow whatever background they may have or path they may have taken. So, as long as you meet the basic qualifications for a role, please apply if you see a position that would make you excited to come into Foundation Medicine every day and help us transform cancer care.

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