Comfort starts with our 10,000+ team members across the globe, who are transforming the power of comfort every day. Our employees have the power to change lives, in our homes, work and communities. We foster an inclusive environment while honoring a legacy built on family, where everyone can be themselves.
If you are ready to join an industry leading organization where our people are the most important asset, and innovation propels us into the future, you’re ready to take your seat at La-Z-Boy Incorporated.
WE BELIEVE IN THE TRANSFORMATIONAL POWER OF COMFORT
Job Summary:
This position is responsible for the overall strategy, analysis, design, implementation, and administration of the company’s total reward programs. This role ensures that the company’s compensation and incentive structures are competitive, effectively designed to drive desired behaviors, and reward exceptional performance, while also supporting employee retention. Additionally, this role ensures full compliance with relevant laws and regulation governing compensation, benefits and related policies.
Job Description:
KEY RESPONSIBILITIES (other duties as assigned):
- Partners with the executive team and HR leaders to assess organizational needs and deliver relevant, competitive, and effective global Total Rewards programs across the enterprise.
- Leads the development of the company’s compensation philosophy, strategy, and infrastructure, including the creation of new compensation plans and the periodic review and update of existing plans to align with evolving organizational goals, regulatory compliance, and salary structures for all employee levels.
- Directs the design, implementation, and management of enterprise-wide benefits strategies and programs, including health and welfare, retirement, and executive benefits. Provides recommendations and develops proposals for new or enhanced programs based on organizational objectives, strategy, and regulatory requirements.
- Oversees the administration of various incentive plans, executive stock options, deferred compensation plans, retirement benefits, and other executive compensation programs. Evaluates the effectiveness of these programs to ensure they are financially sustainable, internally equitable, and externally competitive.
- Leads the preparation and presentation of materials for Compensation Committee meetings with the Board of Directors. This includes preparing the Compensation Discussion and Analysis, Executive Compensation Summary, proxy tables, executive incentive plan updates, and compensation risk assessments.
- Prepares recommendations for the Compensation Committee regarding incentive compensation plans, equity-based programs, and adjustments to the company’s benefit offerings. Maintains ongoing communication with external consultants and coordinates the preparation and delivery of their materials.
- Analyzes market data to assess the company’s competitive compensation position and stays informed of compensation trends to ensure our programs remain equitable and competitive. Manages projects such as survey participation, compensation integration for mergers and acquisitions, and compliance with new or changing regulations.
- Manages communication with business units on the creation, implementation, and rollout of programs impacting those units, including benefit plan open enrollments, plan updates, and project status reports.
SCOPE & IMPACT:
This position is directly responsible for the total rewards programs impacting nearly 10,000 employees across the organization as well as budget responsibility for annual healthcare spend ($40M+). This position must work with executive leadership to develop programs that support the corporate strategy and directly impacts the business throughout the company in its ability to recruit, develop, and retain top talent which is critical to the success of the business.
MINIMUM REQUIREMENTS:
- Bachelor’s degree in Business, Finance, or Human Resources or related field with 10+ years of relevant total rewards experience or equivalent
- Eight (8)+ years of Supervisor/Leadership experience
- Experience with board of director interaction and Compensation Committee partnership
- Experience with implementation and Human Capital Management systems and other supporting systems with HR data
- Project management experience
- Up to 15% Travel
PREFERRED REQUIREMENTS:
- Master’s Degree
- SPHR, CCP, and/or CEBS
SUPERVISORY RESPONSIBILITIES: The position may have up to four (4) direct reports and ten (10) indirect reports.
PHYSICAL DEMANDS/WORK ENVIRONMENT:
Office environment / no specific or unusual physical or environmental demands.
OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job. Duties, responsibilities and activities may change at any time with or without notice.
Weekly Hours:
40
Work Shift:
At La-Z-Boy Incorporated, we're an equal opportunity employer. We understand that our employees’ diverse backgrounds, experiences, perspectives, and viewpoints add value to our ability to create and deliver the best possible service, quality products, and is of upmost importance as we work together to build comfort. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.We are committed to fostering an environment in which all employees feel valued, included, and empowered to do their best work and bring great ideas to the table. If you are a qualified individual that may need a change or adjustment to the application/interviewing/hiring process as a result of your disability, you may request a reasonable accommodations by emailing our recruiting team at [email protected] or by calling 734-242-1444.
Top Skills
What We Do
La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world—a mission that began when our founders invented the iconic recliner in 1927. Today, we operate as a vertically integrated furniture manufacturer and retailer, committed to uncompromising quality and compassion for our consumers.
Our Retail segment consists of 184 company-owned La-Z-Boy Furniture Galleries® stores and is part of a broader network of over 350 La-Z-Boy Furniture Galleries®, serving customers nationwide when coupled with La-Z-Boy.com. Joybird®, an ecommerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In our Wholesale segment, we manufacture comfortable, custom furniture for our Furniture Galleries® and a variety of retail channels: England Furniture Co., which offers custom upholstered furniture, and casegoods brands Kincaid®, American Drew®, and Hammary®, which provide pieces that make every room feel like home.
The La-Z-Boy Incorporated state-of-the-art, LEED-certified world headquarters is located in Monroe, Michigan. This location along with our Innovation Center in Dayton, Tennessee, and all our North American manufacturing locations all represent our commitment to the environment—we integrate sustainable business practices to reduce the impact of our operations.
Being a great employer isn’t limited to our sustainability or record-breaking safety performance; it also means being a good corporate citizen. In FY 2023, La-Z-Boy Incorporated and the La-Z-Boy Foundation granted more than $3 million to non-profit organizations through monetary and in-kind donations. Our signature partnership with Ronald McDonald House Charities® (RMHC®) helps give families a comfortable home away from home while their children receive much-needed medical care, as we’ve donated more than 15,000 pieces of furniture to RMHC® homes.
Join our team to impact the world through comfort.
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