Compensation Manager
Ontario 2 days ago
Job Description
Job Description The Opportunity:Reporting to the Head of Total Rewards, the Compensation Manager will oversee, support, and deliver Maple Leaf Foods’ (MLF) compensation programs, pay practices, and rewards initiatives in Canada and the US.Leading a team of compensation specialists, the Compensation Manager will ensure the organization maintains competitive, equitable and compliant compensation practices, while aligning them with strategic business goals. This will include a focus on executive compensation programs.Any MLF team member interested in being considered for this role are encouraged to apply online by February 18. Applications received beyond that date are not guaranteed consideration. Snapshot of a Day-in-the-Life:Implement and manage executive compensation programs, including base pay, bonuses, equity plans / long-term incentives.Conduct market analysis and benchmarking to ensure executive pay remains competitive and aligned with industry standards.Ensure compliance with legal, regulatory, and governance requirements.Prepare materials and recommendations for the Board of Directors’ Compensation Committee meetings, including compensation data for proxy disclosures.Administer executive compensation plans, including base salary, annual incentives, long-term incentives (e.g., equity plans, RSU, PSU, stock options) and other rewards.Ensure seamless execution of compensation programs, including performance management and payout calculations.Develop and track performance metrics tied to executive compensation plans to ensure alignment with organizational goals.Provide regular reporting and analysis on the effectiveness and impact of compensation programs.Lead the salary survey process and market data evaluation for executive positions and for the broader organization.Manage pay structure evaluations, job classifications, and compensation analytics for the broader organization.Lead the full-cycle execution of the organization’s compensation plans and programs including pay policy, compensation structure, salary planning, incentive plans, and recognition programs.Oversee and audit the ongoing execution of compensation programs according to company policies and statutory compliance.Develop and deliver compensation training and education to all levels of leaders, HR business partners and employees throughout the organization.Lead pay equity reviews and maintenance across both union and non-unionized groups where legislatively required. Where not required by law, ensure we maintain a foundation of fairness and equal application of pay.Design key scorecard indicators related to compensation.Provide analytical support, cost analyses and subsequent recommendations on compensation related events including hiring, promotions, transfers, etc.Provide advice, modeling, and analytics on data-driven compensation, incentive, and enhancements to compensation programs.Monitor market competitiveness of MLF compensation programs and perform complex analysis, and delivery of findings to HR Business Partners and business leaders.Responsible for the rewards and recognition programs, and service awards programs.Maintain a thorough understanding of compensation and recognition program design, practices, policies, and competitive industry trends.Lead and participate in ad-hoc compensation and recognition related projects as required.Develop strong relationships with HR Business Partners to ensure appropriate solutions in support of client group requirements.Partner with HR, Payroll, Legal, Finance and IS to administer and maintain compensation processes and data in HRIS and/or other tools/applications. What You’ll Bring:Strong applied knowledge of compensation practices and theory. Expertise in executive and employee compensation program design, plan modelling, and implementation.Superior analytical skills: ability to analyze statistical, financial data, understand cost impact to the business and develop recommendations.Strong project management and planning skills. Exceptional organizational skills and proven ability to manage multiple priorities.Ability to work independently as well as a part of a team in a collaborative manner.Client focused with ability to forge partnerships within the business.Ability to manage information with accuracy, security, and confidentiality.Effective communication and consulting skills with capability to adapt to a variety of audiences including executive level.Bias for continuous improvement, ability to leverage data and technology to improve outcomes. Required Experience & EducationBachelor’s degree in business administration, Human Resources, or related field.Completion or progress toward CCP or CHRP designation preferred.Minimum 5 years of working experience in Compensation with executive compensation. proficiency, with at least 2-3 years at manager level.Experience in a human resources function, including demonstrated experience with job evaluation, and job analysis.Prior experience with long-term incentive (e.g. equity plans, stock options) administration applications (i.e., Shareworks).Knowledge of regulations and compliance requirements related to employee and executive compensation.Strong knowledge of the Pay Equity Act and other compensation related regulations, standards, and legislations.Solid understanding of compensation principles and practices, including pay structure design andmodellingAdvanced working knowledge of Human Resource Information Systems (HRIS)Advanced proficiency in Microsoft Office programs; superior experience building Excel models and graphical displays of data is essential.Prior experience with SAP/Success Factors is an asset. What We Offer at Maple Leaf Foods:Being part of a high-performance, people-focused company that has an inspiring and unique vision to become the most sustainable protein company on earth, and a deep commitment to sustainable protein across North America.An inclusive company culture and a work environment that keeps our people safe, rewards excellence, and empowers everyone to learn and contribute their best.A hybrid work model that embraces remote work for eligible roles, helping team members achieve work-life balance—combining the best of both spending time working remotely, benefitting from focus time, and purposeful collaboration in the office setting. Competitive Health and Wellness benefits that offer flexibility to meet your individual or family needs, including programs focused on improving mental health and wellbeing. These benefits start on your first day of employment.Defined Contribution Pension Plan with company matching that starts on your first day of employment.Learning and development opportunities, including workshops, ‘speaker series’ events, and resources that allow you to develop your skills and progress your career.Comprehensive tuition reimbursement program that supports continuous learning and development of our team members through investment in eligible degrees, diplomas, professional certification, or trades programs.Supporting our deep commitment to community impact, we offer up to two paid days annually to volunteer at a cause of your choice. About Us:We’re a carbon neutral food company on a purposeful journey to Raise the Good in Food through better nutrition, safer food and workplaces, more humane animal care, and environmental sustainability efforts that protect our planet. We care about our communities and commit to reducing food insecurity in Canada. Join us on the journey. Let’s build a better future, together. We’re passionate about food. For more than 100 years, we’ve made delicious, healthy protein that Canadians love under iconic national and regional brands, like Maple Leaf®, Schneiders®, and Greenfield Natural Meat Co.® We’re on a journey to become the most sustainable protein company – not just in Canada – but on earth.We are carbon neutral.We are one of the only food companies in Canada to set science-based targets.We’re a global food company with more than 13,500 team members. We operate sites in 20+ locations across Canada. We also have locations in the U.S. and Mexico, and do business in Asia. A diverse and inclusive work environmentChampioning diversity and inclusion is a critical component to advancing our collective purpose and vision and living the Maple Leaf Leadership Values. We believe in building, investing in, recognizing, and rewarding remarkable people who value an inclusive workplace, embrace all forms of diversity, and commit to including every voice in our collaborative environment. We’re so much stronger when we know we’re accepted and valued for who we are and what we each bring to the workplace. We embrace a strong, values-based cultureOur eight Leadership Values are our north star. They guide the decisions we make for all our stakeholders: our consumers, our customers, our people, our communities, our shareholders, and the environment.Doing What’s RightShared ValueHigh PerformanceDiverse and Inclusive TeamsDisciplined Decision MakingOur AccountabilityIntense CuriosityTransparency and Humility
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