Job description
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.
About this role
What you will be responsible for?
- Provide broad-based consulting and technical support for the development, implementation and use of Company’s global compensation programs.
- Play a key role in the design, implementation and management of Company-wide base salary and variable pay plans.
- Work closely with others in HR, business leaders and executives to deliver innovative solutions.
- Challenge and facilitate business leader thinking in the consideration of information related to compensation programs and the subsequent management of these programs.
- Provide training and development to business leaders by enhancing the opportunity for total compensation programs to be as effective and as efficient as possible.
- Acting as a liaison and partner with the HR teams located around the globe through continued relationship development and maintenance.
- Functioning as a technical resource, facilitator and leader in the process of identifying compensation priorities, developing strategically aligned compensation programs, and facilitating flexible implementation and management.
- Networking with external industry contacts and global associations.
- Partnering in the development and implementation of a total rewards philosophy.
Your role will consist of
Here is a snapshot of what your day to day will look like:
- Through individual and collaborative efforts ensure compensation issues and decisions are market-informed, treated equitably and are transparent and flexible.
- We proactively unite with business leaders and others in HR. Listen for clarity and opportunities to mentor and support making informed decisions that have a positive return on investment for the business.
- We share information and seek information; be a business consultant whose insight and expertise is sought out for business decisions.
- New country support: We provide compensation advice and support to the external consultants, Projects leaders and HR partners. Includes expatriate and local salary structure design/implementation, incentive design/implementation, job evaluation, assignment of jobs to structures, and partnering with other functions like Global Mobility, Benefits, Legal, Payroll and Talent Acquisition.
- We partner with regional and corporate compensation staff and business leaders in the design and analysis of variable pay, bonus and incentive plans.
- We facilitate the understanding of incentive plans and coach leaders on the most effective use of the plans with their teams; provide analysis and design support to enhance opportunities to meet business objectives.
- We assist in the research to identify trends and best practices; incorporate as appropriate in the design, development and implementation of incentive plans and programs.
- We act as project manager for the focal review cycle that includes merit increases, annual bonus, and long-term incentives.
- Includes all associated project management activities: developing/updating project plan, stakeholder analysis, and risk assessment.
- We plan, develop and implement the communications and training.
- We meet with partners and drive the completion of work activities to ensure the timely delivery of approvals and rewards.
- We collect feedback at the end of the process from partners so future improvements can be made.
- We develop, maintain and educate others on policy/guideline documents, work flows, process maps, and accountability matrices on programs.
- We design and ongoing maintenance of global compensation intranet sites
- We participate in the development of total compensation communications information to ensure that leaders and employees have the right level of knowledge; ensure communications are well planned and implemented in such a way that the necessary behaviors are supported.
- We partner with all HR teams to ensure consistent understanding and application of compensation information and programs through training, resources sites, presentations, etc.
- We provide formal training/education opportunities across the Company with the goal of providing tools and knowledge that will further the Company’s compensation philosophy; properly equip decision makers, enabling them to make informed decisions.
Additional Responsibilities
- We partner with regional and corporate compensation staff and business leaders in the design and analysis of employee recognition programs.
- We facilitate the understanding of recognition programs and coach leaders on the most effective use of the programs with their teams.
- We conduct research to identify trends and best practices; incorporate as appropriate in the design, development and implementation of recognition programs.
- We provide oversight/analysis of global compensation business processes and procedures to identify gaps and areas for process improvement.
- We survey the identification of business process redesign opportunities and the development of recommendations and action plans.
- We conduct ongoing studies/committees for improving effectiveness of existing compensation programs.
- We ensure alignment with Company’s Global Strategy for compensation standards are implemented and adhered to.
- Through continued team efforts, develop and sustain through consulting and coaching a Total Rewards Philosophy
- We optimally coordinate with Regional Compensation, Benefits and HR Technology on compensation-related system applications, data uploads, automation, total rewards, etc.
- We develop personal and department knowledge and skills to provide a center of expertise in Global Compensation and Total Rewards.
- We assist with the development and implementation of the compensation strategic plan and operating plans.
- We engage in establishing the vision, mission, guiding principles, goals, strategies, action plans and measurements required to ensure effective total compensation programs.
- We are responsible for detailed statistical analysis required for remuneration costing, forecasting, and trending.
- We review and validate the statistical analysis for market comparisons, develop and recommend revisions as needed to remain market competitive in the industry.
- We analyze and develop compensation presentations for specific initiatives.
- During absences of the Director Compensation, this position may function as acting Director.
The above duties and responsibilities are representative of the nature and level of work assigned and are not necessarily all-inclusive.
Your training, skills and experience checklist
Here is what we would need to see from you!
- Minimum of 10 years of compensation experience in a public company with a bachelor’s degree in human resources, business administration, finance or related field (master’s degree preferred).
- Certified Compensation Professional (CCP) preferred.
- Extensive experience with statistical analysis and remuneration systems.
- Position requires a high level of expertise in both written and oral communications and the ability to speak in large public settings.
- Prior experience in mining or oil & gas industry and general HR field operations is preferred.
- Experience with global organizations desired.
- Comprehensive experience with Microsoft (Excel, Word, and Power Point).
- Responsive of the various cultures, operations and personnel of an international organization in order to develop business relationships and complete assigned work.
- Responsive experience in the design, communication and administration of compensation programs (base, bonus, short-term and long-term incentives).
- Authenticated experience in working with HR/Compensation teams outside the U.S. to ensure programs are flexible and reflective of global geographic differences.
- Substantiated strong financial acumen and experience designing rewards that are aligned to corporate-wide and/or regional objectives.
- Ability in consulting, project management, coaching, influencing and interpersonal skills.
- Ability to resolve practical problems and deal with a diverse work environment.
- Ability to perform detailed statistical analysis and interpret general statistical and business information in order to write reports, and develop management presentations designed to fully explain compensation data.
- Ability to govern multiple projects and project teams.
- Ability to formulate recommendations on salary structures based on analysis and evaluation of survey data.
- Ability to create presentations for a variety of audiences with limited oversight.
- Ability to quickly assimilate a full understanding of the Company’s strategic direction and culture.
- Ability to balance “big picture” with critical details.
- Ability to convert strategy and philosophy into practical applications and solutions.
- Resourcefulness to multi-task and balance opposing demands under a limited timeframe, and anticipate/handle change; familiarity with change-management principles.
- Ability to work comfortably with all levels of the organization including executives.
- Ability to work autonomously and direction in a fast paced and dynamic environment. Imperative to deliver high quality and well thought out solutions to business problems.
- Ability to document processes, assess processes for continuous improvement opportunities and stakeholder solutions in such a way that implementation is accepted and behavior changes are sustained.
Working Conditions and Location
Where you will be located!
- The position is located in the Denver corporate office with a hybrid schedule of onsite and remote work.
- Position may be required to travel to, and assist other domestic and international sites.
- Ability to put in extra hours as projects and priorities as the need arises.
- Flexible hours to accommodate global meeting times.
The salary range offered for this role is $113,520 - 149,000. The salary range is tied to the Colorado market for jobs performed in Colorado. The salary offer to the successful candidate will be based on job-related education, training, and/or experience. The salary offer will not be based on a candidate’s salary history at other jobs, and by law, Newmont will not seek information about salary history, and candidates should not share such information with Newmont.
This role will be eligible for participation in a discretionary annual bonus program, pursuant to which an employee may be awarded a percentage of their salary based on the company’s performance and their own individual performance.
Newmont offers a competitive and inclusive benefits package to support physical, mental, financial and emotional wellbeing. This role will be eligible for the following benefits: Medical, prescription drug, dental, and vision insurance; flexible spending accounts; health savings accounts; life and accidental death and dismemberment insurance; short and long-term disability; 401(k) program with company match; pension; financial planning; employee assistance program (EAP); adoption assistance; dependent scholarship program; tuition reimbursement; paid holidays and paid time off; paid family leave; matching gifts; and discounts on home, auto and pet insurance. All bonuses and benefits are subject to the applicable eligibility and program/plan terms and may be modified or terminated at Newmont’s sole discretion.
Consistent with Newmont’s values of safety and responsibility, we believe that COVID-19 vaccination is a critical tool to fight this pandemic and protect the health and safety of Newmont’s workforce and the communities in which we work and live. With the wide availability of vaccines in the United States, if you are offered this position, you will have to show proof of a COVID-19 vaccine prior to being hired. This requirement will be subject to an exemption process, as required by law. Newmont may update its vaccination policies/requirements at any time in its sole discretion.
Nearest Major Market: Denver
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