VP, Total Rewards
FormFactor, Inc
Beaverton, OR (Hybrid)
In a world driven by the increased demand of technology, semiconductor manufacturers require a trusted partner to pioneer the frontiers of advanced integrated circuits (ICs). FormFactor, Inc (FFI) is the world's leading supplier of semiconductor test and measurement products that power electronic systems used in computing, consumer-technology, automotive, Artificial Intelligence (AI) and other applications. Our cutting-edge solutions are the driving force behind the testing of ICs that power electronic systems across computing, consumer technology, automotive, Artificial Intelligence (AI), and myriad other applications.
As a leading player in the semiconductor industry, FormFactor actively seeks out individuals who are not just employees, but passionate contributors eager to thrive in an ever-evolving landscape. At FormFactor, we are not just shaping the future of semiconductors; we are rewriting the narrative of innovation itself.
Our commitment extends beyond the technical realm to the very fabric of our culture. Rooted in our core values-Focus on the Customer, Ownership & Accountability, Respectfully & Effectively Communicate, and Motivate & Develop People-we foster an environment where diverse perspectives are not only welcomed but celebrated. Join us in experiencing the exhilaration of collaborating with a dynamic team, pushing the boundaries of what's possible, and contributing to a workplace where your voice is not just heard but valued and empowered. Become an integral part of our journey as we collaboratively Form Our Future Together, setting the stage for a new era in semiconductor excellence.
PURPOSE
FormFactor is seeking a dynamic VP of Total Rewards who will transcend traditional compensation and benefits management. This role demands innovation, leadership, and strategic vision to craft a total rewards philosophy that aligns with FormFactor's mission to revolutionize semiconductors with advanced packaging. The VP will design and implement cutting-edge rewards strategies to attract, retain, and inspire employees, ensuring the rewards system reflects the workforce's diversity and aligns with the company's strategic goals. The role aims to foster an environment where excellence is recognized, well-being is prioritized, and each team member feels valued.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Develop and execute a comprehensive total rewards strategy aligned with FormFactor's strategic objectives and FORM values.
- Plan and deliver content for key agenda items at the Compensation Committee of the Board of Directors, providing necessary information for executive compensation decisions.
- Design, implement, and maintain competitive compensation programs, including base pay, variable pay, equity incentives, and executive compensation.
- Oversee employee benefits programs, ensuring they meet the diverse needs of the workforce.
- Execute equity programs, improve processes, and collaborate with HR, Payroll, Finance, and Legal for comprehensive equity plan administration.
- Utilize data analytics and benchmarking to make informed decisions about total rewards, regularly reviewing and adjusting programs.
- Ensure compliance with relevant laws and regulations, maintaining strong governance practices.
- Partner with Talent Acquisition to develop attractive total rewards packages and with People Experience Partners for retention strategies.
- Develop communication strategies to educate employees on their total rewards value.
- Manage relationships with external vendors, consultants, and benefit providers.
- Lead and mentor a team of total reward professionals, fostering their growth and development.
- Serve as a key partner to the People Operations team, supporting the organization's human capital strategy.
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED
- A Bachelor's degree in Human Resources, Business, or a related field.
- At least 10 years of progressive experience in compensation and benefits, with success in publicly traded companies.
- A strong understanding of global compensation and benefits practices, regulations, and market trends.
- Exceptional analytical and problem-solving skills, with the ability to translate data into actionable insights.
- Comfort with new technologies and tools.
- Strong leadership, team management, and conflict resolution skills.
- Excellent communication and presentation skills, with experience presenting to senior leadership and the Board of Directors.
- The ability to manage multiple priorities in a fast-paced environment and a flexible, growth-oriented mindset.
FormFactor is committed to providing a work environment where everyone is treated with dignity and respect. We are an Equal Employment Opportunity (EEO) employer and are committed to compliance with all Federal, State, and local laws that prohibit employment discrimination on the basis of age, race, color, sex (including breastfeeding and related conditions), gender (including gender identity and gender expression), national origin, ancestry, sexual orientation, religion, physical or mental disability, marital status, registered domestic partner status, medical condition, military or veteran status, genetic characteristics or information, or any other legally protected characteristic. These protections extend to all employment and management decisions including, but not limited to, recruiting, hiring, training, promotions, pay practices, benefits, disciplinary actions and terminations, and all other terms and conditions of employment.
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FormFactor, Inc.
Jan 04, 2025 