Director, Total Rewards

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Introduction

Terrascend is actively seeking a Director of Total Rewards to join its dynamic team. The company is on a mission to lead innovations in the cannabis industry by developing premium products for both medical and adult recreational use. As one of the largest and fastest-growing, multi-state cannabis operators in North America, Terrascend is focused on assembling a group of talented individuals committed to quality service for both patients and customers.

Job Overview

This remote role offers a unique opportunity to shape the Enterprise Total Rewards program across multiple states including California, Michigan, Pennsylvania, and more. The Director of Total Rewards will play a crucial role in setting the vision for benefits and compensation programs across the business units. The position will not only involve strategic oversight but will also require direct involvement in tactical execution, managing a team, and collaborating with third-party administrators.

Responsibilities

The Director of Total Rewards will have key responsibilities divided into compensation and benefits focus areas.
Compensation Responsibilities:

• Develop and direct compensation policies that align with industry trends and corporate objectives.
• Collect and analyze survey data to ensure company compensation programs remain competitive and compliant with applicable laws.
• Administer both long-term and short-term equity programs that drive company performance in line with the regulations of the Compensation Committee of the Board.
• Support departmental heads during annual salary reviews and bonus distributions.
• Establish direction for total compensation for newly created roles.
• Report to the Compensation Committee on the company's compensation program as required.

Benefits Responsibilities:

• Formulate a comprehensive Total Rewards strategy that caters to all employees, ensuring it meets diverse needs across the organization.
• Review the benefits market to assess employee requirements, trends, and regulatory practices, developing competitive programs accordingly.
• Manage the overall benefits budget and communicate offerings effectively to employees, encompassing insurance plans, pension plans, and employee-sponsored plans.
• Ensure support functions provide effective customer service, record-keeping, and claims processing.

Required Skills

To excel in this role, candidates should possess:

• A bachelor’s degree in business, human resources, or a related field is strongly preferred.
• At least 8 years of progressive experience in compensation and benefits, coupled with 3 years of experience managing a team.
• Background in supporting international organizations with varying state/country regulations is highly preferred.
• Relevant certifications such as SHRM-CP or SHRM-SCP and certified compensation professional credentials are favored.
• Experience working in start-up or early-stage environments is also advantageous.
• Strong interpersonal skills and the ability to build trust across departments and with executive leadership is crucial.

Salary Information

While specific salary details weren’t provided in the job listing, it is important to note that employees in a full-time, salaried position can typically expect a competitive salary package, particularly in an expanding industry like cannabis.

Benefits for Employees

Terrascend offers a robust benefits package to its full-time salaried employees, which includes:

• Flexible Paid Time Off policy, accommodating personal needs.
• Comprehensive health, vision, and dental insurance options, including telehealth services.
• A 401K plan with 4% company matching, with immediate vested benefits.
• Employee Assistance Programs and Paid Parental Leave.
• Life insurance coverage along with both short and long-term disability plans.

Company Culture

Terrascend emphasizes the importance of teamwork and how collaboratively they operate to achieve success. They aim to recruit individuals aligned not just with their business objectives but also with their core values of service to patients, customers, and colleagues. The culture promotes inclusivity and understanding, allowing for a diverse array of skills and talents to flourish within the organization.

Location and Work Environment

This is a remote position; however, some travel may be required as needed. Candidates are encouraged to apply if they reside in specific states such as California, New Jersey, or Michigan, among others.

Application Process

To apply for the Director of Total Rewards position, candidates should prepare for a background investigation as a part of the employment process, which ensures compliance with state laws. Additionally, E-Verify participation indicates that candidates should prepare necessary documentation to confirm eligibility for employment in the U.S.

Conclusion

In summary, the Director of Total Rewards role at Terrascend presents an attractive opportunity for experienced HR professionals looking to make a significant impact in a growing and innovative industry. With a commitment to employee satisfaction and development, this role offers the chance to not only influence company-wide strategy but also contribute to a mission that is transforming the landscape of cannabis therapies and products.

This job offer was originally published on remotive.com