Vice President, Total Rewards
Owens & Minor · Remote · $280,000–$310,000 (stated in the posting)
Owens & Minor is a global healthcare solutions company providing essential products, services and technology solutions that support care delivery in leading hospitals, health systems and research centers around the world. For over 140 years, Owens & Minor has delivered comfort and confidence behind the scenes, so healthcare stays at the forefront, helping to make each day better for the hospitals, healthcare partners, and communities we serve. Powered by more than 14,000 teammates worldwide, Owens & Minor exists because every day, everywhere, Life Takes Care™.
Global Reach with a Local Touch
140+ years serving healthcare
Over 14,000 teammates worldwide
Serving healthcare partners in 80 countries
Manufacturing facilities in the U.S., Honduras, Mexico, Thailand and Ireland
40+ distribution centers
Portfolio of 300 propriety and branded product offerings
1,000 branded medical product suppliers
4,000 healthcare partners served
Benefits
Comprehensive Healthcare Plan - Medical, dental, and vision plans start on day one of employment for full-time teammates.
Educational Assistance - We offer educational assistance to all eligible teammates enrolled in an approved, accredited collegiate program.
Employer-Paid Life Insurance and Disability - We offer employer-paid life insurance and disability coverage.
Voluntary Supplemental Programs – We offer additional options to secure your financial future including supplemental life, hospitalization, critical illness, and other insurance programs.
Support for your Growing Family – Adoption assistance, fertility benefits (in medical plan) and parental leave are available for teammates planning for a family.
Health Savings Account (HSA) and 401(k) - We offer these voluntary financial programs to help teammates prepare for their future, as well as other voluntary benefits.
Paid Leave - In addition to sick days and short-term leave, we offer holidays, vacation days, personal days, and additional types of leave – including parental leave.
Well-Being – Also included in our offering is a Teammate Assistance Program (TAP), Calm Health, Cancer Resources Services, and discount programs – all at no cost to you.
The annual salary for this position will be $280,000 - $310,000 with 40% bonus eligibility.
Summary
The Vice President, Global Total Rewards leads the development and administration of all compensation and benefit plans, policies and programs targeted at retaining the company's competitive position and maximizing teammates’ productivity, engagement, and retention. This position is a critical strategic and operational business partner. The Vice President, Global Total Rewards will collaborate closely with senior business leaders and HR Business Partners to translate business strategy into meaningful Total Rewards strategies that meet the company’s short and long-term needs both inside the US as well as across the O&M global footprint including LATAM, EMEA, and APAC. The ideal candidate should possess senior-level experience developing compensation philosophies for publicly traded companies with complex and matrixed organizational structures along with experience integrating companies through M&A activity.
Core Responsibilities
- Under the leadership of the CHRO, develop and align the total rewards strategy to the goals of the company; ensure it is positioned to attract, motivate, and retain teammates.
- Influence direction and strategy development through ongoing communications with senior leadership including the Board of Directors
- Lead and develop compensation and benefits teams, encouraging ongoing development to keep current on training, practices, trends and compliance matters to provide a high level of expertise to business
- Serves as Subject Matter Expert in the development of annual incentive compensation and other incentive plans, and oversight of benefit plans and plan design
- Oversee the design and administration of stock compensation plans with a focus on retention and fiduciary responsibility
- Plan, develop, and oversee administration of health and welfare benefit programs, such as medical plans; dental; supplement life & accident; STD and LTD programs; and accidental death policies, 401(k), and ESPP
- Work with HR leaders to design and coordinate the communications of all the compensation and benefits plans
- Review current compensation programs; lead the proposal, development, and implementation of necessary changes to align with our global business
- Continuous improvement to job architecture and career pathing
- Lead successful annual compensation planning including the execution of base salary, bonus, awards and all related communications and administration
- Provide thought leadership to business units on compensation issues including new hire packages, performance recognition, incentive plans, retention arrangements and compensation structure
- In partnership with HR and Finance, establish compensation budgets and guidelines for global locations
- Establish and maintain alignment between performance management and succession planning processes and pay programs
Qualifying Experience
- 10-15 years of compensation and benefits design and planning, including:
- Proven managerial experience as a global senior level total rewards leader
- Superior communication skills at all levels
- Private Equity experience preferred, will consider relevant Public company and Industry related experience
- Executive Compensation
- BA, MBA, or BS from an accredited institution
- Open to Remote or hybrid/onsite in Richmond, VA. If remote, occasional travel will be required.
#LI-NA1
If you feel this opportunity could be the next step in your career, we encourage you to apply. This position will accept applications on an ongoing basis.
Owens & Minor is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, sex, sexual orientation, genetic information, religion, disability, age, status as a veteran, or any other status prohibited by applicable national, federal, state or local law.