Director of Compensation

Who we are

For more than 40 years, Reworld has been a leader in sustainable waste solutions, providing our customers with innovative solutions that help them achieve carbon-negative outcomes.

Our Vision

Reworld is leading the charge to a carbon-negative future through revolutionary sustainable materials management solutions that reduce, reuse, recycle and reimagine waste for the benefit of society and the environment.

Our Business

Reworld partners with businesses by offering cutting-edge engineering and innovative solutions, to help customers reduce, reuse, recycle and recover value from waste streams and meet or exceed their sustainability goals.

Our Value

Reworld's differentiator comes from our ecosystem of technology, facilities and partnerships, trusted by the world’s largest organizations to reimagine waste management for a smarter, more sustainable world.

All that we’re missing is you.  Apply today!

About the role

The Director of Compensation is responsible for leading the development, implementation, and management of the company's compensation strategies and programs. The role requires in-depth knowledge of compensation policies, benefits, market trends, and legal requirements. The Director will ensure that compensation practices align with the organization's overall goals, fostering a culture of fairness and performance-based rewards.

Work Location: Morristown, NJ

Work Schedule: Hybrid (3 days in office 2 days from home)

What you will do:

• Compensation Strategy Development: Develop and execute compensation strategies that support the company's business objectives, promote employee retention, and ensure competitive pay practices.
• Market Analysis: Analyze industry compensation trends and benchmark data to ensure the company’s compensation structure remains competitive.
• Policy and Program Management: Oversee the design, implementation, and management of compensation programs, including base pay, bonus structures, stock options, and incentive programs.
• Salary Structure Development: Create and maintain salary structures and guidelines for all job levels within the organization to ensure internal equity and external competitiveness.
• Budget Management: Manage compensation budgets, forecasting future compensation expenses, and making recommendations for cost-effective and performance-driven compensation solutions.
• Employee Communication: Educate employees and management about compensation policies, programs, and practices.
• Collaboration with Leadership: Partner with senior management and HR leadership to align compensation strategies with company goals and business needs.
• Legal Compliance: Ensure compensation programs comply with federal, state, and local compensation laws and regulations (e.g., Fair Labor Standards Act, Equal Pay Act, etc.).
• Data Analytics: Use compensation analytics and reporting tools to track compensation trends, evaluate program effectiveness, and provide insights to senior leadership.
• Employee Engagement and Retention: Work with HR and leadership to ensure compensation strategies are aligned with employee engagement, retention, and satisfaction goals.

Qualifications:

• Bachelor’s degree in Human Resources, Business Administration, or related field (Master’s or certifications like CCP preferred).
• 7-10 years of experience in compensation, with at least 5 years in a leadership role.
• Strong understanding of compensation programs, salary structures, market benchmarking, and related HR functions.
• In-depth knowledge of labor laws and compensation regulations.
• Proficiency in compensation software, HRIS systems, and data analytics tools.
• Excellent leadership, interpersonal, and communication skills.
• Ability to think strategically, analyze data, and make decisions based on financial and market insights.
• Strong project management skills and the ability to manage multiple initiatives simultaneously.
• Understanding of Long-Term and Short-Term Incentive Plans: Knowledge and experience in developing, implementing, and managing both long-term and short-term incentive compensation plans (e.g., performance-based bonuses, stock options, restricted stock units).
• IPO Experience: Experience with compensation planning and structuring in the context of an Initial Public Offering (IPO), including stock options and executive compensation programs