Director Global Compensation
CurrentHead of global sales compensation for a fortune 500 medical distribution company. Own sales compensation programs globally from compensation strategy to plan design, quota setting, territory alignments, administration, reporting and analytics in an industry undergoing a fundamental shift from core revenue to margin based programs • Leadership in Compensation Strategy: Drive sales compensation strategy and re-establish a sales compensation culture. Design and roll out an enhanced compensation program focused on margins vs revenue. Drive cultural change by the integration of manufacturing product selling roles into a legacy distribution business. Support with a comprehensive change management process to ensure adoption• General Compensation: Lead Compensation Committee annual plan reviews, presenting design materials and options for approval. Create a compensation role hierarchy, market analysis and establish a grading across selling roles. Evaluate eligibility policies and procedures. Revamp and update onboarding processes • Quota Setting and Territory Alignments: Establish a quota setting methodology that accurately allocates budget and forecasts sales across territories. Optimize territory alignments and coverage model across multiple sales channels utilizing geographic and customer based territories• Administration and Reporting: Deliver confidence in the plan by driving timely, accurate and thorough sales compensation reporting and pay administration for plan participants. Engage in a software rfp to automate the administration process with a best-in-class sales performance management solution. Develop a regular cadence of plan effectiveness, sales analysis and KPI’s utilizing data visualization techniques• Global Integration: Evaluate global plan differentiation in EMEA & APAC compared to US & LATAM. Seek opportunities to standardize and optimize the plans