Targets and Responsibilities of the Function

• Ensuring efficient, transparent and market-compliant policies, systematics & processes
• Directive authority for the design and uniform application of systematics & processes, such as:
  • Job grading, pay bands and management level
  • Short- & Long-Term Incentive plans#
  • Annual compensation review process

 Core Tasks

• Control tasks resulting from the directive authority:
  • Observation of current trends in the area of Compensation & Benefits
  • Conception and implementation of new as well as further development of existing systematics & processes (also within the scope of projects and in cooperation with external consultants)
  • Mentoring: Support of the operational HR departments worldwide in the implementation and application of globally standardized policies, systems and processes (taking local requirements into account)
  • Control and monitoring of compliance with agreed systematics & processes
• Operational tasks:
  • Central administration of the grading matrix and evaluation of jobs (job grading)
  • Extraction of salary benchmarks as well as development and maintenance of pay bands
  • Preparation of the annual compensation review process incl. administration of the compensation management software (Haufe Talent Management)
  • Maintenance and updating of the management level (systematics & data consolidation)
  • Carrying out Group-wide queries concerning compensation
  • Preparation of reports and handling of ad-hoc inquiries on all above mentioned topics

Major Interfaces

Internal:

• HR Corporate departments
• Local HR departments
• Corporate Controlling
• VPs Sales Regions and Managing Directors

External:

• Business consultants
• IT-system providers