at Caterpillar, Inc. in Peoria, Illinois, United States
Job Description
Career Area:
Human Resources
Job Description:
Your Work Shapes the World at Caterpillar Inc.
When you join Caterpillar, you’re joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don’t just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
Role Definition:
The Senior Total Rewards Partner provides Total Rewards consultancy services to internal customers in support of benefit and total health & wellbeing programs, compensation management, employee relocation & expatriate management and retirement programs. The role acts as the functional expert in one or more Total Rewards disciplines, manages complex analysis and research, leads the development and delivery of communication material, works with internal partners, and manages external vendors The role manages and leads projects and solves complex Total Reward challenges.
What you will do:
+ Acts as functional expert and leads external market research and analyses to understand Total Rewards trends and ensure programs are market competitive and support business and talent objectives.
+ Performs complex qualitative and quantitative research on total rewards related programs to support business and talent challenges.
+ Leads complex Total Rewards related projects, interacting with consultants and internal partners.
+ Manages external vendors, ensuring delivery of service and operational metrics.
+ Ensures compliance of Total Rewards programs and policies and manages employee data in line with company policies.
+ Maintains a project plan to track and execute timely insurance policy renewals in each region and country.
+ Reviews and discusses policy terms & conditions with the captive risk manager and captive consultant underwriting teams.
+ Leads all policy renewal discussions between local and regional teams, the captive consultant, and benefit brokers.
+ Routes all captive policy renewals for final approval & execution.
+ Leads weekly calls with the captive consultant and the global benefits broker.
+ Investigates and resolves escalated issues from internal business partners, the captive consultant, or global benefit brokers.
+ Create side-by-side policy comparisons for consideration by business leaders when multiple design choices are available.
+ Analyze aggregated claims information to identify opportunities to improve benefits strategy or initiatives.
+ Conduct periodic meetings with regional benefit leaders and teams to review captive program deliverables, assess satisfaction with vendors, processes, and policies.
What You Have:
+ Bachelors Degree or equivalent experience desired
+ Preferred 3+ years of experience managing employer global captive benefit insurance processes in multiple countries.
+ Preferred 3+ years of experience managing the employer relationship and vendor performance of a global benefit broker.
+ Good presentation and public speaking skills. Ability to effectively transmit, receive, and accurately interpret ideas.
+ Experience reviewing and negotiating vendor contracts and performance guarantees.
+ Experience creating compelling business cases to support benefit design recommendations.
+ Problem solving skills with examples of successful and innovative ideas.
+ Experience leading implementation of benefit programs and initiatives.
+ Advanced user of Microsoft Word, PowerPoint, Excel, Outlook, Teams
+ Innovative and analytical thinker.
+ Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
+ Influencing: Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.
+ Interpersonal Relationships: Knowledge of the techniques and the ability to work with a variety of individuals and groups in a constructive and collaborative manner.
+ Benefits Programs: Knowledge of employee benefits programs, processes, issues and considerations; ability to design and implement benefits programs.
+ Compensation Management: Knowledge of compensation structure, and regulations and policies related to compensation; ability to design, implement and evaluate compensation programs, policies and processes within an organization.
+ Retirement Programs: Knowledge of features, policies and processes of retirement programs; ability to implement and manage employee retirement programs and plans.
Additional Info:
+ Location: Peoria, IL, United States OR any Global Caterpillar Hub
+ Travel: Less than 10%
About Caterpillar
Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.
\#LI
Posting Dates:
July 19, 2024 – August 1, 2024
Any offer of employment is conditioned upon the successful completion of a drug screen.
EEO/AA Employer. All qualified individuals – Including minorities, females, veterans and individuals with disabilities – are encouraged to apply.
Not ready to apply? Join our Talent Community (http://flows.beamery.com/caterpillarinc/talcom) .
