Compensation Mgr

About the Role

As a Compensation Manager, you'll oversee Company-wide and division-specific compensation projects, address issues, and implement compensation initiatives, while advocating on behalf of all Partners.

Responsibilities

• Operations/Advising:
  • Safeguard data accuracy and integrity for surveys and compliance tracking (FLSA, employee classification).
  • Drive FLSA compliance initiatives, ensuring proper employee classification, exemption status, and adherence to compensation practices.
  • Initiate partnerships with business leaders, HRMs, and the compensation leadership team to recommend and implement effective solutions.
  • Orchestrate the communication of compensation policies, changes, and updates, ensuring clarity and consistency throughout the organization.
  • Lead and oversee compensation audits, ensuring both compliance and optimal practices.
  • Manage the design and implementation of short-term and long-term incentive plans, ensuring alignment with company objectives and regulatory requirements.
• Analytics:
  • Use advanced data and analytics to shape compensation strategies, market positioning, and pay structure designs.
  • Oversee the entire reporting process, ensuring the accuracy and compliance of compensation reports, and providing valuable insights to leadership.
  • Develop and execute compensation strategies for entire business units and/or departments.
  • Act as the HR system gatekeeper, approving new reports/queries, auditing proposed changes, and optimizing the system.
  • Own and manage the job pricing process, overseeing the entire job evaluation and pricing system, ensuring alignment with company objectives and market standards.
• Project Management:
  • Execute compensation-related projects, managing strategies, budgets, and timelines, often including major projects like market analysis or equity adjustments.
  • Run the entire merit-based compensation process.
  • Oversee the management of pay programs, including design, monitoring, and adjusting as needed.
  • Lead Job Family Work projects.
• Mentoring:
  • Mentor Analysts and Advisors, guiding them in compensation processes, best practices, and decision-making.

Qualifications & Key Requirements

• Work Experience:
  • 7+ years of experience in Compensation.
  • Experience applying financial principles to developing complex costing models.
• Knowledge/Skills/Abilities:
  • Working knowledge of accounting and finance principles.
  • Advanced analytical, project management, and organization skills.
  • Expert modeling skills in Excel; PC skills including MS Office, HCM.
  • Advanced written/verbal communication and presentation skills.
  • Negotiation and influencing skills.
  • Strong attention to detail.
  • Strong collaborative workstyle.
• Education:
  • Bachelor's Degree in HR, business, or related field, or comparable experience.

Physical Demands & Working Conditions

• Function in a fast-paced, retail, office environment.
• Travel by car or plane with overnight stays.
• Work extended hours/sit for extended periods.

The work environment characteristics described here are representative of those a Partner encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Last revised: 06/01/2024.