Mgr, Compensation at Lam Research

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Full Time

Start Date

Immediate

Expiry Date

13 Jan, 26

Salary

0.0

Posted On

15 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Job Evaluation, Salary Surveys, Salary Structures, Salary Budgets, Compensation Analysis, Benefits Management, Performance Management, Change Management, Market Research, Compliance, Data Analysis, Consultation, Program Design, Vendor Management, Well-being Programs, Total Rewards Strategy

Industry

Semiconductor Manufacturing

Description

Prepares job descriptions, conducts job evaluation and salary surveys, establishes salary structures, develops salary budgets and prepares policies and procedures to ensure the achievement of equitable and competitive employee compensation. Works with line management to assess competitive labor market trends. Total Rewards Manager will provide a broad range of consultation, analysis, program design, and process support to HR Business Partners, Recruiters, and business leaders in Korea. This is a full-time, on-site flex position located in Yong In and reporting directly to Snr Director, HR in Korea and matrixed to Global Compensation and Global Benefits located in the United States. The Total Rewards Manager will play a major role in the promotion and expansion of our global compensation, benefits, performance management, recognition, and well-being programs. Lam's programs are designed to be competitive, cost effective, and consistent with Lam's values, business goals, and global total rewards strategy. Serves as a liaison and subject-matter-expert on global and regional compensation and benefits programs for assigned region(s) and client groups with functional HRBPs, Compensation Partners, Benefits, HR Shared Services, and other COEs. Partners with HR Services on executing compensation, performance mgmt, and benefits programs for assigned region(s) and/or client group. Proactively monitors and measures the effectiveness of current compensation and benefits programs and recommends actions based on detailed analysis and market research (e.g., compression analysis), and assesses the impact of design alternatives for the target population as well as those not included. Leads the educational roll-out, change management, and adoption of new and/or changing compensation and benefits programs. Ensures company compliance with all legal compensation and benefit requirements. Uses internal and external data to create reports, perform detailed analysis and modeling, and summarizes results in support of solving business issues. Consults on new hire/transfer offers for experienced candidates; including performing peer analysis for assigned region(s) and client group(s). Leads the annual performance management and compensation focal programs for assigned region(s) and/or client group. Works closely with global benefits team and broker on renewals and benefit design updates. Leads annual benefits enrollment and coordinates well-being programs locally in partnership with the head of global benefits. Manages regional benefits vendors and supports and/or drives annual benefits renewals for assigned region(s). Contributes to various global total rewards projects and initiatives. Bachelor's degree in Business, HR or a related field with a minimum of 12 years relevant experience in the Compensation function or other relevant experience utilizing analytical skills, such as in the Finance function; MBA preferred. Our commitment We believe it is important for every person to feel valued, included, and empowered to achieve their full potential. By bringing unique individuals and viewpoints together, we achieve extraordinary results. Lam is committed to and reaffirms support of equal opportunity in employment and non-discrimination in employment policies, practices and procedures on the basis of race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex (including pregnancy, childbirth and related medical conditions), gender, gender identity, gender expression, age, sexual orientation, or military and veteran status or any other category protected by applicable federal, state, or local laws. It is the Company's intention to comply with all applicable laws and regulations. Company policy prohibits unlawful discrimination against applicants or employees. Lam offers a variety of work location models based on the needs of each role. Our hybrid roles combine the benefits of on-site collaboration with colleagues and the flexibility to work remotely and fall into two categories - On-site Flex and Virtual Flex. ‘On-site Flex' you'll work 3+ days per week on-site at a Lam or customer/supplier location, with the opportunity to work remotely for the balance of the week. ‘Virtual Flex' you'll work 1-2 days per week on-site at a Lam or customer/supplier location, and remotely the rest of the time.

Responsibilities

The Total Rewards Manager prepares job descriptions, conducts job evaluations, and establishes salary structures while ensuring competitive employee compensation. They also monitor and measure the effectiveness of compensation and benefits programs and lead the educational roll-out of new initiatives.