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POSITION DESCRIPTION
Director of Broad Base Compensation
Bethesda, MD
Company
Lockheed Martin Corporation headquartered in Bethesda, MD, Lockheed Martin (LMC) is a global security company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2012 sales from continuing operations were $47.1 billion.
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Position Description
This position has responsibility for US-based enterprise-wide Broad Base Compensation Management for the corporation. This position has the responsibility for thought leadership in compensation philosophy, strategy, and policy for the corporation. This position leads the development, design, and deployment of the common systems and processes used within Lockheed Martin for compensation management. Additionally, it will oversee the operations of those common systems and processes including, but not limited to: participation in and analysis of compensation surveys; development and maintenance of enterprise-wide job codes, titles, and descriptions; development of enterprise-wide salary rate ranges; enterprise-wide salary budgeting and management of the FOCUS salary planning tool, development of and administration of other enterprise-wide compensation plans and programs such as SRA, Spot Awards, and the Employee Incentive Plan; development of and administration of a compensation compliance management process; and executive compensation. This position serves as the primary representative to the DCAA and DCMA on matters pertaining to enterprise-wide compensation processes and systems. This position oversees the external representation of Lockheed Martin to outside organizations on compensation matters including salary survey companies, industry and trade associations, and professional societies.
Basic Qualifications:
- Build and continually enhance compensation strategies to align with the business and organization strategy and operating plans to ensure the right mix and offerings to attract, retain, and motivate a high quality workforce and leadership talent.
- Analyze and review compensation data considering regional and other demographic information. Provide analyses and alternatives in making logical, business and data-driven recommendations for compensation strategies and plans.
- Assess company variable pay objectives and guidelines, monitor programs and ensure company objectives are met.
- Design, implement, and administer plans and work across business units to ensure consistency.
- Lead the review of compensation market data and development of market reference ranges, including report development and analysis of market data.
- Continuously simplify processes and procedures within the department to maximize efficiencies and effectiveness.
- Current knowledge of employment laws and regulations relating to compensation, pay and overtime eligibility.
- Excellent working knowledge and experience and ability to advise and influence in the design, implementation and administration of best practice market pricing techniques including in-depth awareness of legal and regulatory factors including FLSA and trends impacting all facets of compensation.
Desired skills:
- 10+ years of broad base compensation experience
For more information, contact:
Rob Wetzel
Lockheed Martin Executive Recruiting
301-799-9277
rob.l.wetzel@
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