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Director, Total Rewards

Company: Lockheed Martin Corporation
Location: Bethesda
Posted on: June 8, 2021

Job Description:

Job Description

As the Total Rewards Director for RMS, you will lead all compensation and benefits strategies and programs for the Rotary and Mission Systems Business Area.

As an integral part of the RMS Integrated Talent Management team and the senior RMS HR team, you will partner closely with the HR COEs, our HRBP partners and the business to develop solutions that support RMS, Line of Business and Functional objectives. As an integral part of the Lockheed Martin Total Rewards team, you will partner with Total Rewards leadership and your Business Area counterparts to shape Lockheed Martin rewards strategies and programs. In this dynamic position you will also play an important role in supporting RMS key results in the areas of People, Customers, Growth and Financials, engaging with the RMS SLT and driving reward and recognition activity to advance employee retention and engagement.

Responsibilities include:

  • Lead all Total Rewards programs and operations for RMS. Optimize and execute Total Rewards processes, including pay planning, incentive compensation, executive compensation, reward & recognition programs, benefits, employee perquisites and performance management.
  • Partner with HR and business leaders to develop and execute total reward strategies in support of business needs. Keep abreast of RMS and LOB business drivers, challenges and strategies and stay close to the business to provide optimal support. Lead compensation and benefits presentations with Senior Leaders and the HR community.
  • Ensure aligned and internally and externally competitive rewards practices. Support the market rate determination process, advancement of job taxonomy and rate structures, and ensure the company maintains a competitive posture in a challenging labor market. Advance innovation and best in class practices.
  • Advise and counsel HR and business leadership and provide thought leadership regarding Total Rewards matters. Act as an internal resource on marketplace trends, relevant laws and regulations and competitive programs.
  • Lead benefits activities for RMS in partnership with the enterprise team. Ensure effective leader and employee communications with regard to benefits, perquisites and other programs and ensure seamless implementation of annual benefit cycles. Partner with Total Rewards leadership in shaping benefits strategies and facilitate BA input, understanding and costing regarding benefits changes.
  • Advance cross-COE collaboration and drive integration strategies as an integral member of the Integrated Talent Management leadership team.
  • Advance Diversity, Equity and Inclusion across RMS and within the Total Rewards teams.
  • Advance digital transformation through process and technology innovation and efficiencies.
  • Manage executive movement and compensation recommendations and support RMS next gen talent management processes.
  • Advance LM and RMS culture initiatives in partnership with the Talent Organization and Capability organization and LM Forward teams
  • Ensure all policies and practices are consistent with the organization's business/people strategies and compliant with government regulations.
  • Partner with finance and other organizations to ensure seamless integration and partnership in the areas of compensation and benefits budgeting, policies and impact on rates.
  • Ensure strong customer focus and highly-responsive partnership as a service organization.
  • Lead, develop, support and grow a high-performing team of total rewards professionals in an inclusive and highly engaging environment.
  • Play an integral role in shaping and supporting LM Total Rewards strategies as part of the LM Total Rewards leadership team.

Basic Qualifications

Bachelor's Degree required

  • Minimum of 10 years of Human Resources Experience with at least 5 years in a compensation leadership role.
  • Demonstrated expertise in working with executive leadership
  • Demonstrated track record of teamwork, collaboration, and successful leadership of large projects
  • Demonstrated experience in project and process management, rollouts, stakeholder communications and the compensation cycle calendar
  • Demonstrated track record of leadership skills

Keywords: Lockheed Martin Corporation, Bethesda , Director, Total Rewards, Other , Bethesda, Maryland

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