Manager - Compensation

Position Summary

The Compensation Manager is responsible for managing the day-to-day compensation processes within the department with a focus on compliance, customer service, and building relationships with HR business partners. Supervise and develop a team of compensation analysts supporting PTL and PL business units. Provide compensation consultation and guidance to the business to develop total compensation solutions.

Major Responsibilities

• Manage, coach, and develop team of compensation analysts.
• Oversee analysts supporting Field and Corporate operations.
• Create an engaged, collaborative environment among analysts and provide continuous coaching and guidance.
• Establish strong working relationships among team and serve as an escalation point for analysts if needed.
• Consultation to HR Business Partners and Corporate/Field Operations:
  • Provide guidance to HR Managers and Corp/Field managers regarding salary levels for associates and develop total compensation solutions.
  • Actively participate in HR meetings and offer compensation support.
  • This includes providing compensation advice and recommendations when needed.
  • Provide training on compensation philosophy, practices, and systems.
  • Ensure that training is kept up to date and aligns with current policies and regulations.
  • Lead compensation processes and/or projects to include the following:
    • Job evaluation and market pricing.
    • Annual budget and structure analysis.
    • In-depth compensation analysis including pay fairness and regulatory reviews.
    • Large scale, company-wide compensation initiatives.
    • International compensation support.

Qualifications

• Bachelor’s degree required or must have equivalent and relevant compensation experience.
• 6 years Compensation or related experience required, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities, and job evaluation methodologies required.
• CCP required or willingness to obtain within 1-2 years of entering the role.
• PHIR or SHRM-CP a plus.
• 3 years management experience strongly preferred.
• 3 years HR/Finance Analytics strongly preferred.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.
• Team leadership skills and a desire to help others develop and succeed.
• Customer centric and results driven.

Physical Requirements

While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.

About Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.