Vice President, Total Rewards

ABOUT US

HirexHire (pronounced hire by hire) is a Chicago-based recruiting and talent consultancy that integrates with companies short-term to provide long-term talent solutions. We take a seat in our client’s everyday operations to understand their people goals, gaps, and challenges. We then develop and implement the processes and technologies to execute a sustainable and scalable talent plan.

We partner with companies expecting or experiencing high growth which need to hire at scale or fill a critical role rapidly. Our clients are not looking for quick-fix placements but are thoughtfully building a hiring strategy to scale their businesses.

OUR CLIENT 

Location: Chicago, IL

Industry: Consumer Staple Products, Cannabis

Company Size: 4,000+ Employees

What They Do: Our client in the cannabis industry currently operates in a quarter of the country with double-digit retail locations and a triple-digit growth rate making them one of the fastest-growing companies in North America. As they avidly tackle nationwide development with cultivation facilities, dispensaries, and their headquarters in Chicago – the demand to fill their teams is at an all-time high.

THE ROLE

We are seeking a Vice President of Total Rewards to lead compensation and benefits strategies for our client's high-growth public company. This role reports to the Chief Administrative Officer and requires a hands-on leader with exceptional business judgment and relationship-building skills.

WHAT YOU WILL DO

• Partner with the People and Rewards teams to enhance and align compensation structures and optimize employee benefits, ensuring competitive positioning in the market.

• Develop, mentor, and inspire the rewards, payroll, and HRIS teams, fostering a culture of collaboration and continuous improvement.

• Collaborate with leadership to design and implement compensation strategies that effectively attract and retain top talent while optimizing total compensation spend.

• Lead the annual compensation review process, preparing clear and concise materials for management, the Compensation Committee, and shareholder meetings.

• Administer equity programs, maintaining accurate records and ensuring timely processing of equity transactions, including RSUs and stock options, in compliance with regulatory requirements.

• Oversee the design and execution of employee recognition programs that enhance engagement and reinforce company values.

• Identify and implement best practices in policies, systems, and processes to streamline operations and improve employee experience.

• Develop and analyze HR metrics to communicate trends in diversity, retention, and performance, driving continuous improvement initiatives.

WHAT YOU WILL LIKELY NEED

• Bachelor’s Degree; MBA or JD preferred, showcasing a strong educational foundation in business or law.

• 12+ years of progressively responsible experience in compensation, equity plans, benefits, and HR systems, particularly within large and early-stage public companies.

• Proven expertise in developing and executing broad-based and executive compensation strategies that align with organizational goals.

• Strong understanding of public company compensation practices and experience working with a premier global compensation advisory organization is a plus.

• Exceptional business judgment, with a proactive, client-service-oriented approach to problem-solving and decision-making.

• Natural rapport-building abilities with exceptional collaboration and communication skills, facilitating relationships at all organizational levels.

• Proven track record of influencing and coaching stakeholders, driving positive outcomes in a dynamic environment.

• Comfort with ambiguity and a history of thriving in fast-paced, evolving business landscapes.

• High standards of confidentiality and integrity, particularly when dealing with sensitive information and compliance matters.

• Solid understanding of Medical Marijuana laws, rules, and regulations, with a passion for furthering industry knowledge.

ADDITIONAL REQUIREMENTS

• Must pass any and all required background checks.

• Must comply with all legal or company regulations for working in the industry.

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Last updated on Oct 22, 2024