Director, Compensation

Role Details

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Human Resources

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$126,200.00 - $208,300.00

Target Openings

1

What Is the Opportunity?

As Director, Compensation, you will provide compensation consultation on the implementation of Travelers' compensation philosophy and practices to ensure both internal and external competitiveness. You will serve as a collaborative business consultant and compensation subject matter expert for assigned business groups and partner with Human Resources Business Partners (HRBPs), business leaders, and other HR functional experts on compensation related issues in support of HR's mission to deliver a market-leading employee experience that drives superior business performance.

This position may be based 100% remotely or in one of our offices.

What Will You Do?

• Act as a collaborative business consultant and compensation subject matter expert for HRBPs and business partners.

• Leverage knowledge of supported business groups including business operations, strategy, key roles and career paths, and market pay practices to ensure business practices align with compensation strategies and philosophy, compensation best practices, and Travelers’ enterprise practices.

• Create ad-hoc analysis and reporting to address business issues and make recommendations for action based on insights. Develop and consult on complex offers and job content design (job evaluation, leveling, pricing, benchmarking, descriptions, etc.).

• In support of the Travelers’ Annual Compensation Planning process, own and drive survey submission and benchmarking, labor market analysis, compensation strategy, management reporting, ad hoc review/analysis, salary budgeting, and bonus/equity pool modeling. Analyze compensation planning data, identify trends, and make appropriate recommendations. Partner closely with the most senior level HRBPs and business leaders throughout the process.

• As a leader on the Compensation team, proactively identify, recommend, and implement enhancements to compensation processes and practices. Participate in or lead broad scope compensation team initiatives and projects, considering the broader enterprise impact.

• Ensure HRBPs and managers understand the Travelers' compensation philosophy to effectively make and communicate compensation recommendations.

• Proactively partner with other HR functional areas (Talent Acquisition, Employee Relations, Legal, People Analytics, Talent Management, etc.) to ensure compensation practices align with broader strategies and initiatives.

• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's degree or equivalent, with course work in business administration and/or human resources.

• 8 or more years of Compensation/Human Resources experience, with experience and knowledge of market analysis, pay structures, compensation compliance laws/requirements and variable compensation, and equity plans.

• Strong analytical, problem solving, influencing, communication, and project management skills.

• Ability to proactively identify issues, analyze data, and make recommendations.

• Strong customer orientation.

• Ability to balance timeliness and accuracy.

• Excel, Word, Power point, and related software skills.

What is a Must Have?

• 5 years of experience working in compensation, human resources, or analytical field such as finance or accounting.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.

• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.

• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.

• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.

• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email (4-ESU@travelers.com) so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/ .

Travelers Insurance Company provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.