Sales Human Resources
Resume:
MYRON SPEKTOR
New Jersey 07044
******@***.***
SUMMARY
Senior level compensation and benefits professional, with strong business
acumen and strengths in strategic planning, change management, and process
reengineering. Areas
of expertise:
|Executive compensation |Benefits Design /Administration|
|Incentive/Sales |Vendor Management |
|design/administration | |
|Financial Analysis and Reporting |Mergers & Acquisitions |
DIRECTOR, COMPENSATION & BENEFITS
2011- Present
Watts Water Technologies Inc. N Andover, MA (5,000 employee global
manufacturer)
. Developed global salary grading structure relative to base, bonus and
equity.
. Responsible for design and administration of global equity programs-
Options, Restricted Stock Awards and Restricted Stock Units..
. Integrated Canadian acquisition into global compensation structure.
. Froze defined benefit pension plan to reduce cost.
. Implemented401k safe harbor program to improve plan and increase
participation
. Implemented Benefits Administration system to improve service and reduce
risk.
. Revised Health & Welfare program to provide uniform benefits throughout
US and reduce costs.
GLOBAL COMPENSATION & BENEFITS MANAGER 2007-
2011
Momentive Performance Materials Inc. NY (5,000 employee global chemical
manufacturer)
. Established compensation and benefits department
. Designed executive short & long term bonus programs
. Revised sales compensation program to drive more profitable plans
. Developed and implemented corporate governance for compensation & benefit
plans
. Designed all benefit programs and established accompanying administrative
and financial reporting procedures
. Restructured defined benefit pension plan to reduce cost
. Managed the auditing and compliance of all benefit programs with outside
auditors
. Negotiated 2 union agreements resulting in no increase in cost
COMPENSATION & BENEFITS CONSULTING ASSIGNMENTS
Princeton Review & GAF (contract assignments)
2005-2007
. Revised sales performance appraisal to drive corporate goals
. Developed sales incentive plan to focus on higher margins
. Revised grade/salary structure for Operation's Department to facilitate
hiring/retention
. Reduced cost of life and disability plans
. Managed compliance review of 401k plan
DIRECTOR, COMPENSATION & BENEFITS
2001 - 2005
KeySpan Services Inc. NJ (multi-divisional, 3,500 + employee engineering,
construction and telecom subsidiary of KeySpan Corp)
. Developed and implemented divisional incentive and sales incentive
compensation programs to support strategic initiatives
. Performed HR due diligence benefits analysis for major acquisition
. Negotiated 3 major collective bargaining agreements limiting costs to
less than 3%
. Terminated pension and 401(k) plans of acquired companies
. Centralized benefit administration for greater efficiency and cost
reduction
. Developed uniform benefit program which reduced annual healthcare cost by
7% and life, STD and LTD costs by 25%
DIRECTOR, COMPENSATION & BENEFITS
2000- 2001
KMC Telecom, Inc. NJ (National telecommunications company) Report directly
to the SVP HR
. In advance of IPO, designed and presented to Board stock option executive
compensation plans, directed share program and revised 401(k) plan
. Designed and administered sales incentive plan to drive financial goals
. Revised healthcare plan resulting in reduced expenses
DIRECTOR, COMPENSATION, BENEFITS and HRIS
1996 -2000
Linens 'N Things, Inc. NJ ($1.5 billion home furnishings retailer with
13,000+ employees). Established compensation, benefits and HRIS functions
when parent spun-off Linens 'N Things.
. In advance of IPO, developed corporate governance and executive
compensation programs
. Developed, implemented, communicated and administered stock options,
restricted stock, annual bonus and long-term incentive programs
. Designed and managed deferred compensation and SERP
. Developed a gain-sharing plan for distribution center, which improved
productivity 16%
. Created broadband wage and salary structures and supporting
administrative procedures and improved budgetary controls
. Reduced 401(k) fees by 60% with significant improvement in service and
options
. Restructured healthcare plan resulting in a 5% cost savings
. Managed, assessed, selected and implemented new Human Resources
Information System
DIRECTOR, COMPENSATION, BENEFITS and HRIS
1987 - 1996
Reckitt & Colman Inc. NJ ($2+ billion international, 4,000 employee multi-
divisional, consumer products company - Lysol, Woolite, French's Foods)
. Developed compensation and benefits strategy that supported corporate
initiatives for
Western-hemisphere operations
. Designed and implemented management incentive programs based on business
unit goals and increased profits of each of the units
. Designed/instituted deferred compensation program and SERP
. Developed gain sharing and skill-based pay programs at multi-plant sites
. Devised and managed national sales incentive program
. Evaluated, selected and installed HRIS
. Performed due diligence benefits analysis for 5 acquisitions
. Negotiated HR component for 5 acquisitions and two divestitures
EDUCATION
MBA, Finance, Baruch College, New York, NY
BA, Economics, Lehman College, New York, NY
Former Adjunct Professor, Human Resources Graduate Program, Upsala College
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