Senior Compensation Analyst - Variable Pay

About the Role

Penske’s Corporate Compensation team is growing and is currently seeking a Senior Compensation Analyst focused on variable pay. This role will support the Manager Compensation and will be actively involved in variable pay programs, including commission and incentive plans. The Senior Compensation Analyst will provide compensation analysis and consultation to all levels of management and HR Partners, as well as guidance on commission plan policies and practices to ensure compliance. This position also provides system support to end users when necessary.

Responsibilities

• Provide compensation support and consultation to various corporate departments and field locations.
• Lead and process annual plan design and documentation for variable pay programs.
• Identify trends and develop recommendations to address areas of opportunity.
• Assist in audits and reviews to ensure compliance with compensation policies.
• Partner with the compensation team on variable and commission plans for new jobs to determine compensation structure.
• Evaluate internal equity, external competitiveness, and legal compliance for organizational compensation programs.
• Deliver training to HR and managers on compensation philosophy, practices, and systems.
• Actively participate in projects impacting associate compensation and organizational hierarchy, offering support as needed.

Requirements

• Bachelor’s degree preferred or relevant compensation experience.
• 4-6 years of compensation experience, preferably in a multi-state environment.
• Experience with variable pay plans, budget, and structure activities.
• 3 years of HR/Finance analytics experience strongly preferred.
• CCP certification preferred or willingness to obtain within 2 years.
• PHR and/or SHRM-CP certification a plus.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.

Physical Requirements

The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Read, communicate verbally and/or in written form, remember and analyze information, and understand instructions or guidelines.
• Stand, walk, and sit while performing job duties.
• Frequently use hands to touch, handle, and feel, and reach with hands and arms.
• Occasionally lift and/or move up to 25 lbs/12 kg.
• Specific vision abilities required include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

About the Company

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider delivering essential and innovative transportation, logistics, and technology services. Headquartered in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success.

Primary Location: Reading, PA