Website Newmont Corporation
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont’s core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont’s industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.
About this role
What will you be responsible for?
Examine, analyze, develop and recommend competitive compensation programs, policies and procedures consistent with Company’s global remuneration strategy, ensuring that they are competitive, fair and aligned with the company’s goals and Total Rewards strategy, taking into consideration internal equity and external competitiveness.
In this role you will
Here is a snapshot of what your day to day will look like:
Compensation Annual Cycle:
- Execute Focal Review Compensation Programs including Merit, Equity/Promotion program, Annual Incentive Compensation Plan and Stock/IEAAP program.
- Data validation, data clean up and plan validation.
- Calculation: Calc validation and special cases manual calcs.
- Letters creation, distribution and audit.
- Prepare Sox Controls documentation.
- Q&A: Answer employees (corporate and expat) questions.
- Monitors compensation market trends, analyzing salary survey results and recommend overall salary increases (merit, equity and/or promotion) and salary structure movements (if necessary), based on the market activities, inflation or devaluation, to inform compensation decisions.
- Participate in the research, development and administration of assigned compensation programs and monitor the success of these programs.
- Conduct and complete salary market surveys; continually reviews and adjusts survey matches.
- Actively participates and execute on the Pay Equity analysis for the region.
- Proactively develops and maintains compensation models, tools, and templates to support business needs.
- Provides counsel and assistance to management, HR and employees on current compensation processes, procedures and policies.
- Provides training to managers and employees on compensation policies and practices.
- Analyze changes in salaries or salary grades that deviate from policy or job structure and communicate findings and/or recommendations to management.
- Partners with Total Rewards Director, HR, Finance and Business Leaders to design and implement compensation programs that drive performance and retention for the region.
- Support position evaluation process; Perform job evaluations using the job evaluation and market pricing, organizing the positions technically within the hierarchy.
- Maintain and control position description and job evaluation records assigning global job codes to newly created and analyzed positions.
- Site Super User (SSU) for Compensation Planning Tool (CPT) including requirements gathering, user acceptance testing (UAT), plan validation, data validation, data mapping exercises, manager self-service (MSS) training, functional application reviews, calculations, create / generate reports, and others.
- Create ad-hoc reports from the HRIS database as necessary.
- Assist Compensation management in creating / preparing presentations, and rolling out new or revised compensation plans.
- Assist Compensation management with a variety of special compensation projects.
- Single point of contact for corporate labor cost calculation.
The above duties and responsibilities are representative of the nature and level of work assigned and are not necessarily all-inclusive.
Your training, skills & experience checklist
Here is what we need to see from you!
- Bachelor’s Degree in Human Resources, Business Administration or Finance.
- Minimum 7 years HR experience, with at least 5 years directly related to compensation.
- CCP (Certified Compensation Professional) designation desirable.
- Experience with heavy industry, mining, energy, or construction preferred
- Extensive experience with statistical analysis and remuneration systems.
- Extensive experience with Microsoft (Excel, Word, and Power Point)
- Experience with expatriates preferred.
- Prior experience using HAY job evaluation methodology preferred.
Skills and Abilities:
- Ability to work with mathematical concepts such as probability and statistical inferences, and math fundamental.
- Ability to manage multiple projects.
- Ability to solve practical problems and deal with a diverse work environment.
- Effective written and oral communications are required.
Working conditions & location
- The preferred location for this position is the Denver corporate office but qualified candidates in proximity to any of our operations or regional offices in North America are also encouraged to apply
- This position will be required to travel and assist other domestic and international sites (10% of the time).
We understand no candidate will meet every single desired qualification. If your experience looks a little different from what we’ve identified and you think you can bring value to the role, we’d love to learn more about you!
The salary range offered for this role is USD $90,720 to 107,730. The salary range is tied to the Colorado market for jobs performed in Colorado. The salary offer to the successful candidate will be based on job-related education, training, and/or experience. The salary offer will not be based on a candidate’s salary history at other jobs, and by law, Newmont will not seek information about salary history, and candidates should not share such information with Newmont.
This role will be eligible for participation in a discretionary annual bonus program, pursuant to which an employee may be awarded a percentage of their salary based on the company’s performance and their own individual performance.
Newmont offers a competitive and inclusive benefits package to support physical, mental, financial and emotional wellbeing. This role will be eligible for the following benefits: Medical, prescription drug, dental, and vision insurance; flexible spending accounts; health savings accounts; life and accidental death and dismemberment insurance; short and long-term disability; defined benefit pension; 401(k) program with company match; financial planning; employee assistance program (EAP); wellbeing reimbursement program; adoption assistance; tuition reimbursement; paid holidays and paid time off; paid family leave; matching gifts; and discounts on home, auto and pet insurance. All bonuses and benefits are subject to the applicable eligibility and program/plan terms and may be modified or terminated at Newmont’s sole discretion.
To apply for this job please visit jobs.newmont.com.