Description
Bulgari is one of the most prestigious brands and global players on the luxury market.
We design, produce, distribute and sell high-end jewels, watches, perfumes and accessories through a network of over 250 owned stores in the most exclusive shopping areas in the world and selected distributors and more than 10.000 exclusive perfumeries.
Quality and excellence are the basis of our culture that reflects the same commitment within the working environment to achieve an organization aimed at the full satisfaction of the customer. Excellence for Bulgari means the perfect balance between top quality products and impeccable services worldwide. Bulgari belongs to the LVMH Group (Louis Vuitton Moët Hennessy group).
Job Summary: The Compensation and Benefits VIE supports the analysis and administration of the company's compensation programs with a strong focus on cost controlling, data analysis and compensation strategies and reporting. This role ensures that the compensation and benefits packages are competitive, cost-effective, and aligned with the company's objectives, strategy and regulatory requirements across the full Americas region, encompassing 6 countries and a headcount of approximately 700 employees.
Key Responsibilities:
1. Compensation Management:
o Lead Compensation Surveys for all Americas, providing comprehensive insights into market trends.
o Develop and propose robust Salary Benchmarks to maintain internal equity and external competitiveness.
o Analyze market trends and internal compensation data to ensure competitive and equitable pay practices across regions.
o Provide strategic guidance to managers on compensation-related decisions.
o Actively support the Annual Compensation review process, including data preparation, collection, consolidation, increase calibration, bonus calculation, and effective communication to the business.
o Support the monthly, quarterly, and annual commission processes, ensuring accuracy and timely execution.
2. Cost Controlling:
o Assist in building and managing the Staff Cost budget, meticulously tracking actual versus budget on a monthly basis.
o Monitor and analyze compensation and benefits costs to ensure strict alignment with budgetary constraints.
o Prepare detailed reports and presentations on cost-related topics for senior management.
o Collaborate effectively with finance and accounting departments to accurately forecast and manage HR expenses.
3. Data Analysis and Reporting:
o Coordinate the Annual Report review, encompassing data collection, consolidation, and insightful analysis.
o Generate ad-hoc reports to support HR Business Partners and the Retail Performance team on various KPIs (e.g., Base vs. Variable compensation, Overtime).
o Prepare and present clear, concise reports on compensation and benefits metrics to senior management or as requested.
o Utilize HRIS and other compensation and benefits management tools to efficiently manage and analyze data.
4. HR Operations:
o Support the development and continuous updating of compensation and benefits policies and procedures, including commission plans.
o Identify opportunities to optimize HR processes by leveraging technology and AI to enhance efficiency and add value to the business.
o Conduct regular audits of compensation and benefits programs to ensure compliance and identify areas for continuous improvement.