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Strategic Compensation Leader
2 weeks ago
Job Summary:
As a seasoned compensation expert, you will be responsible for designing and implementing comprehensive compensation structures that align with business objectives. This role requires a deep understanding of market trends, regulatory requirements, and organizational goals.
Key Responsibilities:
- Develop and maintain salary frameworks, incentive plans, and annual merit cycles to ensure competitiveness within the retail industry.
- Conduct thorough market benchmarking and compensation analysis to inform strategic decisions.
- Provide guidance on job evaluations, salary offers, and compensation adjustments to support business growth.
- Lead the development and management of benefits programs, including health, wellness, retirement, and insurance offerings.
- Evaluate and negotiate with benefits providers to ensure cost-effective and employee-centered programs.
- Monitor benefits utilization and trends; recommend enhancements as needed.
- Design and implement rewards and recognition programs that drive employee engagement and retention.
- Align total rewards strategies with organizational goals, business cycles, and retail market dynamics.
- Partner with HR Business Partners and leadership to address specific business unit needs.
- Maintain up-to-date documentation of total rewards policies and procedures.
- Provide regular reports and insights to leadership on compensation trends, workforce cost analysis, and program effectiveness.
- Analyze the impact of total rewards programs on employee satisfaction and organizational performance.
Qualifications:
Include a Bachelor's degree in Human Resources, Business Administration, or a related field, with a Master's degree or HR certifications preferred. Minimum 8 years of experience in total rewards, with at least 5 years in a managerial capacity, is required. Strong background in the retail industry is also necessary.
