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VP Total Rewards

Hybrid | Eagan, Minnesota
Job ID: R0004346 Career Area: Executives Date Posted: 01/17/2024
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About Blue Cross

Blue Cross and Blue Shield of Minnesota is one of the most recognized and trusted health care brands in the world with 2.5 million members. We’re committed to reinventing health care to improve health for our members and the community. We hope you'll join us.

Blue Cross and Blue Shield of Minnesota is one of the most recognized and trusted health care brands in the world with 2.5 million members. We are committed to reinventing health care to improve the health of our members and the community. We are driven by our leadership commitments to accelerate change, grow resiliently, and invite authenticity. Our culture is built on these pillars, and we are looking for a talented individual who shares our vision. We’ve been serving Minnesotans for over 90 years and take pride in providing quality health insurance to our members. We are dedicated to advancing diversity, equity, inclusion and belonging, fostering an environment where everyone feels welcome, included, and valued.

We are seeking an experienced leader to lead our Total Rewards team (Compensation, Benefits, and Payroll). Reporting to the Chief Human Resources Officer (CHRO), this position will be responsible for directing the strategy and execution of all total rewards programs that support the company's vision, mission, and values.

In this role, you will work collaboratively with the business to develop proactive and innovative approaches to ensure our total rewards are competitive, drive business results and align with our culture in order to support the attraction, motivation and retention of our associates. You will leverage your knowledge of market conditions and collaborate with your peers to design tailored strategies for rewards concerning key talent segments.

You will be responsible for innovation, cost management, communications, and compliance of all plans, in addition to leading all elements of the total rewards department including compensation, executive compensation, wellness, payroll, leave management, rewards, recognition and retirement programs.

You will also support the CHRO to drive continuous improvement within the HR function, drawing on external and internal best practices and leading-edge HR thinking on benefits, compensation, and payroll initiatives. This includes identifying and evaluating external market changes and internal trends to inform strategic designs.

This is an opportunity for a proven leader who is excited by the prospect of building and reimagining the total rewards department. You are a well-balanced, hands-on executive who develops strong rapport and respect with your team, peers, and others in the organization. 

A Day in the Life

  • Total Reward Strategy: Develop and execute a total reward strategy that aligns with the company's overall business goals, values and competitive positioning in the market.

  • Compensation Management: Oversee the design, implementation, and administration of compensation programs, including base salary, incentives, bonuses and equity plans, to ensure they are competitive, equitable and compliant with legal and regulatory requirements.

  • Executive Compensation:Review, evaluate and execute the executive compensation programs (base, bonus, and equity) by collaborating with the CHRO and with outside executive compensation consultants to ensure they are performance driven, market competitive, appropriately leveraged, legally compliant, accurately administered and effectively communicated.

  • Benefits and Well-being: Lead the development and management of employee benefits programs, including health, wellness, retirement, and other well-being initiatives, to enhance associate satisfaction and retention.

  • Leave Management Programs: Oversee the design, implementation, and communication of leave programs, including FMLA, ADA, workers' compensation and other leaves of absence.

  • Market Analysis: Continuously monitor and analyze market trends, industry benchmarks and compensation practices to ensure that our total reward programs remain competitive and relevant.

  • Payroll: Oversee the design, implementation, and communication of payroll programs, including payroll processing, tax compliance, and payroll systems.

  • Compliance and Governance: Ensure that all compensation and benefits programs adhere to relevant legal and regulatory requirements across multiple jurisdictions.

  • Employee Communication: Develop effective communication strategies to educate and engage employees about the total reward programs, highlighting the value of the offerings.

  • Vendor Management: Oversee relationships with external partners, consultants, and vendors to optimize the delivery of compensation and benefits services.

  • Data Analytics: Leverage data and analytics to make informed decisions, provide insights, and track the effectiveness of total reward programs.

  • Team Leadership: Build and lead a high-performing Total Rewards team, fostering a culture of collaboration, innovation, and continuous improvement.

  • Partnerships: Partner with senior executives, HR leaders and business managers to provide strategic counsel and guidance on total rewards issues and initiatives. In partnership with CHRO, lead the compensation committee process with the board, managing the preparation of materials and facilitating discussions.

Required

  • Bachelor's degree in human resources, business administration or related field required.

  • Minimum of 10 years of progressive experience in total rewards, including compensation, benefits, and payroll.

  • Minimum of 8 years of experience leading and managing total rewards teams and functions.

  • Experience in designing and implementing innovative total rewards strategies and programs for a complex and diverse organization.

  • Strong knowledge of total rewards laws and regulations, including ERISA, FLSA, ACA, COBRA, HIPAA and other relevant laws.

  • Strong experience working with Board of Directors (preparing recommendations, materials, and updates for executive leadership, Board of Directors, and Compensation Committee.)

Preferred

  • Master's degree in human resources, business administration or related field

  • Certified Compensation Professional (CCP), Certified Benefits Professional (CBP), Certified Employee Benefits Specialist (CEBS) or other relevant certification

You will thrive in this position if you are:

  • An innovative leader who acts with focused velocity, removes obstacles and fosters collaboration.

  • A master at building genuine relationships with people at all levels inside and outside the organization.

  • Adept at inviting authenticity. You listen to learn, mitigate bias and dare to disagree.

  • A natural people leader who excels at providing others with a clear direction, helping them see though the weeds and getting results through others. You naturally inspire, motivate, develop and empower individuals and teams while setting the gold standard yourself.

  • A critical thinker who effortlessly and objectively uses your analytical skills to evaluate facts and data to form a sound judgment.

  • Known as an expert in the field. You maintain a deep, strategic knowledge of the current total rewards landscape, particularly trends and contemporary developments. You tenaciously embrace change and courageously overcome challenges.

Make A Difference

Blue Cross is an Equal Opportunity and Affirmative Action employer that values diversity. All qualified applicants will receive consideration for employment without regard to, and will not be discriminated against based on race, color, creed, religion, sex, national origin, genetic information, marital status, status with regard to public assistance, disability, age, veteran status, sexual orientation, gender identity, gender expression, or any other legally protected characteristic.

Reasonable Accommodation for Job Seekers with a Disability: If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to talent.acquisition@bluecrossmn.com.

All roles require a high school diploma (or equivalency) and legal authorization to work in the U.S.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.
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