Head of Total Rewards

The role of Total Rewards Leader is a newly created position that will be at the forefront of implementing innovative rewards programs that purposely empower employees to live Parallel’s Values in a holistic way, focusing on what rewards programs are important to different people at different points of their lives.

Reporting to the Chief Human Resources Officer and working in close collaboration with the executive leadership team, the successful candidate will provide leadership in identifying and implementing a rewards structure that will serve as the foundation of the employee value proposition.

The Total Rewards Leader will support the CHRO by ensuring that strategic, long-term

alternatives are contemplated in the development of all rewards programs.

CORE JOB RESPONSIBILITIES

————————-

• Create a roadmap that aligns the rewards programs with the business strategy, enabling employees to deliver on the company’s Mission by living its Values.
• Provide leadership in establishing organizational appreciation for the transformation to the new rewards structure, being the ambassador for ensuring congruence in the rewards programs with the organization’s mission, vision, and values.
• Develop and implement innovative rewards programs, ensuring their utmost compliance with all regulatory requirements inherent to operating in an emerging global industry, in which change is the norm.
• Advance a purposeful high-performance culture through a differentiated, comprehensive total rewards structure that rewards innovation and excellence.
• Serve as the internal consultant for determining best practices through evaluating industry trends, legislative issues, and market competitiveness within all the functions in this global vertically integrated business, being a trusted advisor to all business units and/or regions.
• Support the leadership team in all aspects of executive compensation and collaborate on executive offer recommendations.
• Oversee all salary administration, including providing wage and job analysis and supporting documentation necessary to support effective recruitment and retention processes and to assure holistic internal equity among positions.
• Provide insight, technical analysis, and policy support to the CHRO in effectively providing relevant and timely information to the Compensation Committee and the Board of Directors.

JOB SKILLS AND REQUIREMENTS

—————————

• Self-starter with a passion for solving complex challenges through teamwork and innovation. Aptitude for framing complex business problems, generating testable hypotheses, translating these through analyses into recommendations to facilitate effective decision-making.
• The proven ability to partner with the management team to ensure delivery of
• progressive compensation programs with emphasis on executive compensation,
• equity, and sales commission schemes, with the ability to effectively communicate to all stakeholders.
• Committed to Well-being, advocating the realization that they, and others, can be their best when they focus on their well-being and that of their colleagues and Proven quantitative modeling and problem-solving skills to develop the framework for, and execution of, competitive and motivational reward programs.
• Experience in global M&A, having led due diligence as well as the effective
• integration of acquired companies.
• High-energy level, hands-on management style, excellent written and verbal
• communication skills, and excellent interpersonal skills.
• Strong business acumen, financially astute, attention to detail, and strong sense of logic will be critical to success in this role.

Education & Experience:

• This position requires a Bachelor’s Degree, with MBA preferred.
• 15+ years hands-on experience in compensation and benefit management.
• 5+ years in a senior-level capacity interfacing with C-Suite and corporate board interaction.

PARALLEL IS UNITED BY OUR VISION, Mission, & Values

Our Vision – why we exist – is to pioneer well-being and improve the quality of life for humanity through the benefits of cannabinoids.

Our Mission – how we will do this – is to build a leading, global well-being company through the best talent, our values, trusted and recognized brands, science and technology-based innovation, and a relentless focus on execution and continuous improvement.

6 CORE VALUES OF A PARALLEL ASSOCIATE

Integrity – We operate in a regulated and unchartered industry. Act and make decisions that stand up to scrutiny and reflect our position as a sophisticated, credible and respected leader. Be honest, trustworthy, dependable, and honorable. Demonstrate sound moral and ethical ways of interacting.

Collaboration – We are a collection of the best talent at all levels. Learn and grow from this diversity: welcome healthy debate and proactively seek other perspectives and points of view to find the best solution while not resting on consensus. Proactively ensure the right people have the right information at the right time. Work as a team vs. an individual performer.

Agility – We are growing incredibly fast in a new industry. Be open to change, be ready to pivot on the moment’s notice, and act with a sense of urgency to take advantage of opportunities. Then be ready to do it again. Quickly –and calmly -respond and adapt to the unexpected. Modify and streamline processes, find more efficient ways of doing your job. Work efficiently across markets, time zones, and functions.

Intentionality – Intentionality requires action –it makes your intentions happen. Good thoughts are meaningless without action. It is initiative directed by the purpose to move our business forward. Intentionality is doing things important to you, even when not easy. Transformational change happens with intentionally.

Alignment – Together, we must understand and believe in our vision, mission, business and team goals and priorities. When we make a decision, even when we don’t have consensus we all align behind that decision and execute. We don’t revisit decisions unless we have material new data or circumstances.

Accountability – Make the best proactive and reactive decisions given the available information and the wisest counsel. • Own your decisions, actions and outcomes, and promptly correct mistakes. • Be reliable, honor commitments and do not finger point, off-load responsibilities, or criticize co-workers. Look after co-workers and team’s success.