Manager, Compensation (Incentive Compensation)
Job Responsibilities
- Develops, recommends, and implements compensation structures (pay and short-term incentives) tailored to different business concepts, ensuring alignment with market trends, company objectives, and the needs of business partners.
- Conducts benchmarking and market analysis to ensure competitive positioning of base pay and incentive plans.
- Evaluates the effectiveness of current compensation programs and models the impact of proposed changes.
- Ensures compliance with FLSA standards, state, and federal wage regulations.
- Develops and maintains compensation reports, dashboards, and metrics for data-driven decisions.
- Oversees the administration of all short-term incentive plans, annual merit review, and other pay programs to ensure timeliness, accuracy, and engagement in the programs.
- Led and manages a team of analysts, providing guidance, training, and coaching to enhance their performance and achieve company and team objectives.
Requirements
- Bachelor’s degree required; Business and/or HR major preferred.
- 5+ years in a HR/Compensation role with increasing management responsibility, preferably in a retail/hospitality operations environment is highly preferred.
- Successful completion of initial and periodically required training.
- Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.
Qualifications
- Experience in developing and implementing compensation structures and short-term incentive programs.
- Knowledge of market trends, benchmarking, and regulatory requirements.
- Strong analytical skills and ability to model and evaluate the impact of compensation changes.
- Effective leadership and management skills, including team development and coaching.
Skills
- Data analysis and reporting.
- Market research and benchmarking.
- Compensation design and administration.
- Compliance with labor laws and regulations.
- Team management and leadership.
Benefits
- Hybrid Work schedule.
- 401K with company match.
- Yearly bonus opportunity.
- Full medical, dental, and vision insurance.
- On-site fitness center, biometric screen, and flu shot clinic.
- Discounts at Panda restaurants, theme parks, and gym memberships.
- Paid time off starting at 15 days with 7 federal holidays.
- Continuous education assistance and scholarships.
- Income protection including Disability, Life and AD&D insurance.
- Bereavement leave.
Pay
Pay Range: M2: $112,500 - $158,000 / Annual
Within the range, individual pay is determined using various factors, including work location and experience.
About the Role
The Manager, Compensation (Incentive Comp) is responsible for the design, implementation, and engagement of the compensation structure and short-term incentive programs that support various business concepts. This position ensures alignment with market trends and company objectives through comprehensive benchmarking and market analysis, providing insights and informed decision-making. The Manager, Compensation (Incentive Comp) evaluates the effectiveness of current compensation programs, models the impact of proposed changes, and ensures compliance. This position will lead a team of analysts leveraging data to enhance overall business performance and drive different initiatives.