Compensation Manager
Graybar · Chesterfield, MO · 2 days ago
On-siteHuman Resources$106k/yrFull-time
Own the design, governance, and administration of compensation policies, plans, and procedures, ensuring decisions reflect the Company's philosophy, support business goals, and maintain market competitiveness, internal equity, and compliance.
Responsibilities
- Manage compensation plan practices, policies, processes, and system data to support accuracy, integrity, consistency, and compliance.
- Oversee the design, implementation, administration, and evaluation of compensation programs; recommend changes to align with Company objectives and compensation philosophy.
- Develop and lead compensation analyses, workforce models, and recommendations supporting compensation strategy, program design, business objectives, and Compensation Committee decision-making.
- Serve as the organization’s primary compensation expert, overseeing compensation structures, incentives, commissions, job evaluation, and pay practices while ensuring consistent application of the Company’s compensation philosophy, internal equity, market competitiveness, and compliance requirements.
- Prepare materials for the Compensation Committee of the Board of Directors, including summaries of current program design, market positioning, business considerations, and proposed changes.
- Review and analyze merit increase proposals, promotional increases, market adjustments, and related recommendations to ensure consistency with market data, budget parameters, and the Company’s compensation philosophy.
- Review executive compensation data and partner with Legal to finalize reporting for the Compensation Discussion and Analysis section of the annual Information Statement.
- Establish and maintain routine audits of compensation policies, practices, plan eligibility, and system data; provide relevant summaries, metrics, and recommendations to management.
- Oversee the development of manager tools, training resources, educational materials, and process documentation related to pay practices, salary ranges, job descriptions, incentive plans, and management responsibilities.
- Oversee participation in, submission of, and analysis of salary surveys; recommend updates to compensation policies, structures, and practices as appropriate.
Requirements
- Minimum of 8 years of progressive Human Resources or compensation experience, including a solid understanding of compensation theory, plan design, market analysis, job evaluation, and compensation administration.
- Four-year degree in Human Resources, Business, Finance, or a related field.
- Certified Compensation Professional (CCP) preferred.
- Experience supporting Compensation Committee or Board-level materials preferred.
- Experience developing compensation models, salary structures, incentive plans, and pay governance frameworks preferred.
- Knowledge of compensation-related government compliance and regulations.
- Knowledge of compensation plan structure and design principles.
- Knowledge of quantitative analysis, financial modeling, and data interpretation techniques.
- Knowledge of HR systems, compensation systems, and Microsoft Office applications, with strong proficiency in Excel.
- Leadership and supervisory skills.
- Excellent oral and written communication skills.
- Collaboration, influencing, advisory, and stakeholder management skills.
- Mathematical, statistical, and compensation modeling skills.
- Analytical, problem-solving, and decision-support skills.
- Strong organizational, prioritization, and project management skills.
- Ability to work independently in a fast-paced environment and handle multiple, competing priorities.
- Ability to work cooperatively with others.
Pay
The expected starting rate of pay for this position is $105,978 annually, depending on experience. This position is also incentive eligible, based on specific and relevant business metrics.
Benefits
- Multiple plan options for Medical, Dental, Vision, and Prescription Drug benefits.
- Life Insurance coverage for you and options for your family.
- Flexible Spending Accounts to save on expenses.
- Disability Benefits at no cost to you.
- Profit Sharing Plans to share in our success.
- 401(k) Savings Plan with company match to help secure your future.
- Paid Vacation & Sick Days to spend time away from work or in case of an illness.
- Paid Holidays throughout the year to rest and recharge.
- Paid Wellness Day to focus on preventive care and prioritize your health.
- Community Time Off to volunteer and give back to the community.
- Predictable Work Schedules: no weekends or nights for most roles.
- Employee Recognition Program to celebrate achievements.
- Educational Reimbursement and Career Development Programs to reach your career goals.
- Employee stock ownership plan.
Schedule
Office environment with predictable work schedules.