Bart Smets, Group Head of Total Reward & Organisational Effectiveness

Bart Smets

Group Head of Total Reward & Organisational Effectiveness

Euroclear

Location
Belgium
Education
Master's degree, Political Sciences and Public Management
Experience
26 years, 6 Months

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Work Experience

Total years of experience :26 years, 6 Months

Group Head of Total Reward & Organisational Effectiveness at Euroclear
  • Belgium
  • My current job since July 2011

Reporting into the CHRO of the group
Member of the HR Management Team
Team leader (5 people)

Set-up of competence centre for group-wide services
(Belgium, France, UK, Netherlands, Germany, Sweden, Finland, Poland, Luxembourg, Japan, China, Singapore, UAE, Hong Kong, US)

Redesign of remuneration policies group-wide in order to be compliant with Banking regulations (CEBS, CRDIII, CRDIV, EBA Guidelines)
Advisory to Executive Committee, Remuneration Committee, Boards of the different entities (executive remuneration)
Introduction of grading & market based rewarding.
Redesign of performance management practices
Negotiation with unions in France, Belgium, UK, Netherlands
Cost efficiency programs (HC reductions, reducing cost of salaries, ...)

Country Head of Compensation & Benefits at BNP Paribas Fortis
  • Belgium
  • May 2003 to June 2011

Reporting into Country Head HR
Team Leader (15 people)
Set-up & professionalise Competence Centre C&B
Performance management, grading & strategic reward
Management of pension plans
Union negotiations

Major strategic realisations
- Redesign of reward strategy enabling shared service center after merger of 2 banks (22000 employees in total) at lower cost and increased competitive market positioning
- Restructuring lead (closing of dealing room, integration of BNP Paribas branch, early retirement schemes)
- set-up of stock incentive plan
- set-up of flexible reward scheme (pick & choose)

Senior Tax Consultant IES at Arthur Andersen (Deloitte)
  • Belgium
  • September 2000 to April 2003

International Employment Services (IES).
Personal income tax consulting and tax compliance
Social security consulting & compliance in an international context
International employment structures: expat assignment, commuting assignment, multiple employment structures
Comp & Ben advisory services

Tax inspector at Ministry of Finance
  • Belgium
  • November 1997 to August 2000

Personal Income Tax, Corporate Tax, VAT audit of salaried workers, independents (self-employed), companies.

Education

Master's degree, Political Sciences and Public Management
  • at Katholieke Universiteit Leuven
  • June 1997
Higher diploma, Philiosophy
  • at Centrum voor Kerkelijke Studies
  • June 1993

Specialties & Skills

Reward Strategy
Executive Compensation
Banking Law
Change Management
Negotiation

Languages

Dutch
Native Speaker
French
Expert
English
Expert