Our client is a $26B+ growth-focused leader in their space with thousands of locations and a track record of ongoing success.
This is a newly created, data-driven leadership role, managing a team and designing, implementing, and administering the company's broad-based compensation programs with a $150M wage investment for 2022, impactingover 180K employees.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Manage a team of 3-4 Compensation Specialists who support the company's retail-focused, broad-based compensation programs, including base pay administration and variable compensation.
Create and manage the retail compensation budget/P&L and forecast.
Drive participation and analysis of external salary surveys and market pricing of roles to ensure Associates are paid competitively.
Maintain and update salary structures based on external survey analysis and make recommendations for enhancements that deliver on the commitment to pay for performance.
Work with business partners to benchmark new and existing roles accurately and create job descriptions.
Collaborate with all areas of the business to assist with designing, implementing, and communicating incentive plansthat reward Associates for delivering desired business results.
Manage the incentive calculation system (Varicent ICM) and identify development opportunities to improve administration processes.
Manage the relationship with third-party administrators and brokers for LTI plans.
Support all compensation components of the annual performance process, including merit planning, bonus administration, and administration of LTI awards for all Associates.
Create compensation education materials to increase Associate understanding and engagement.
Participate in special projects related to compensation programs or systems as needed.
Ensure all programs comply with applicable federal, state, and local legislation.
Bachelor’s degree (BA / BS / BFA) or equivalent.
3-5 years of compensation team leadership experience, preferably in retail or the supply chain.
Experience with retail or sales incentive compensation.
Computer Skills: Microsoft Word, PowerPoint, Excel; Showcase Query (SQL); Incentive Compensation Management tools (Varicent), Lawson ERP.