Job Title
Manager of Compensation

City
Mid-Atlantic region

Job Type
Full-Time Regular

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, impacting over 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 plans that 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.

PROFESSIONAL PROFILE

  • 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.
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