POSITION TITLE

Director of Compensation

REPORTING RELATIONSHIP

This role reports to the Senior Director, Compensation

CLIENT OVERVIEW

Founded in 1928, Genuine Parts Company (GPC) is a service organization engaged in the distribution of automotive and industrial replacement parts and materials. GPC’s products and services are offered through a global network of more than 10,600 distribution facilities and stores located throughout the United States, Canada, Mexico, Australia, New Zealand, Indonesia, Singapore, France, the U.K., Germany, Poland, the Netherlands, Belgium, and China. Today, Genuine Parts Company is a leading parts distributor across the globe with operations in 15 countries and a total employee base of approximately 52,000.

GPC is celebrating its 93rd year in business and its distribution expertise, and well-positioned, regionally-located distribution centers continue to provide the Company with the unique ability to adapt products and services to the ever-changing needs of its customers. Throughout its history, GPC’s commitment and reputation for excellent service and quality products position it as a critical partner to its customers’ success. Genuine Parts Company reported 2021 YTD revenue of $14.1 billion, up 14.5% over the same period 2020. These results reflect the positive impact of its strategic growth initiatives and continued focus on improving operating performance, maintaining a strong balance sheet, driving meaningful cash flows, and effective capital allocation. 

Its culture is strengthened by core values, which include a steadfast commitment to diversity and inclusion. As part of GPC’s investment in its people, it makes diversity and inclusion a priority. GPC’s goal is to create a culture where it values, respect, and provides fair treatment and equal opportunities for all employees. 

Genuine Parts Company's common stock is traded on the New York Stock Exchange under the symbol "GPC". We invite you to learn more at www.genpt.com. 

LOCATION

Corporate Headquarters, Atlanta, Georgia

POSITION IMPACT

This is an important role in the development of compensation philosophy and strategy to enable Genuine Parts Company to compete for top talent as an “Employer of Choice.” You will make an impact ensuring the Company creates an inclusive culture where GPC can, “CONNECT, ENGAGE, and GROW” its workforce  resulting in the ability to attract, develop, and retain the best people!

As our Client continues to expand both domestically and internationally, the Director of Compensation role is an excellent career opportunity to join one of the finest Fortune 200 companies in Atlanta with a rich history of financial stability and sustainability.

This organization will challenge you to execute projects across all areas of compensation including working closely with HR leadership and partners throughout the corporate holding company.  This highly visible role at GPC Corporate will give you exposure to executive leadership and the Compensation Committee of the Board. Corporate compensation opportunities such as this are unique to become a compensation leader in salary planning, senior executive comp plans, and salary benchmarking practices.

FUNCTIONS AND RESPONSIBILITIES

We seek a compensation executive who is highly motivated with a demonstrated track record of success. They must be team-oriented and work collaboratively as part of the GPC HR Team on a broad range of projects and lead the annual salary increase planning process for GPC Corporate. This role ensures the company’s programs are consistently administered in compliance with company policies, internal controls, and government regulations.

The successful candidate will serve in a hands-on role for all compensation activities focusing on GPC’s Headquarters Office (1,000 FTEs).  Primary areas of responsibility include administration of base pay, incentive plans (short and long term), competitive analysis and benchmarking, executive compensation, payroll coordination, compliance, communications, acquisitions and divestitures, process standardization, and vendor management.  We seek someone who can build seamless partnerships with vendors, manage timelines for simultaneous projects, and collaborate across departments and subsidiaries to ensure programs meet the needs of all stakeholders.

Specific functions and responsibilities include:

• §  Assist in the coordination of short-term incentive plan activities, including management of bonus plan structure, design, calculation, and payout activities; participate in the administration of the long-term incentive plan, to include modeling, plan design recommendations, and annual and off cycle grants
• §  Coach, support and manage GPC’s Compensation Team
• §  Partner with corporate HQ departments providing advice/  support to ensures GPC’s compensation practices are positioned appropriately
• ­   Provide counsel to HR professionals and business managers about compensation decisions; interpret and apply policies, often in complex situations
• ­   Review and approve offer packages to ensure competitiveness and compliance with corporate governance guidelines
• ­   Oversee market pricing activities using Market Pay; review recommendations for new hires and promotions to ensure internal equity and external market competitiveness
• ­   Responsible for modeling and cost analysis related to base salaries.  Develop recommendations from competitiveness analyses of market data and local conditions
• §  Assist in the development of materials for the Compensation Committee of the Board of Directors, and annual proxy
• §  Oversee the annual survey participation process and relationships with third party vendors.
• §  Assist with various compensation projects in conjunction with outside consultants.
• §  Partner with third party administrator of GPC’s long-term incentive plan and employee stock purchase plan to include reporting, cost projections, annual grant and vesting communications, SAR exercises and system administration.
• §  Partner in the design, development, and implementation of automated solutions around compensation processes
• §  Assist in the development of the department’s annual budget

PROFESSIONAL

QUALIFICATIONS

The ideal candidate possesses 10+ years in compensation management with progressive responsibility and experience of a large enterprise, global experience. Leadership experience over a team valued.

We seek a candidate who possesses the statistical ability/ financial acumen to analyze data, identify themes and trends, draw conclusions, and formulate recommendations and solutions. This requires the candidate to bring exceptional systems skills, including advanced MS Excel skills.

PERSONAL

QUALIFICATIONS

The successful candidate is a driven, humble leader who is a great fit into GPC’s corporate culture of “working leaders.” He/she must possess good judgment, maturity, and a strong “roll up your sleeves” work ethic.

The candidate’s personal characteristics should include:

• §  Excellent written and verbal communication skills with the ability to organize and present ideas. Strong influencing skills
• §  High energy, multi-tasker
• §  Ability to manage conflict and demonstrate the courage to challenge organizational thinking and the status quo
• §  Critical thinking skills and the ability to make decisions based on data, experience, and GPC’s values
• §  Exhibit confidence in self and others, inspires and motivates team to perform well, and accepts feedback from others

EDUCATION/

CERTIFICATIONS

COMPENSATION

Bachelor's degree in Business, or a related area

Our client offers an attractive compensation package that includes a competitive salary commensurate with experience and bonus incentives based upon individual performance and corporate results.

CONTACT

Alissa Hawkins                               Laura B. Lloyd                        Partner, Handler                             Search Partner, Handler         Alissa.Hawkins@Handler.com          Laura.Lloyd@Handler.com

(770) 974.3598                                (770) 800.6639