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Compensation Manager

Life Time Fitness
Chanhassen, MN Full Time
POSTED ON 1/16/2025
AVAILABLE BEFORE 4/13/2025

The Human Resources Team thrives on creating the ultimate candidate experience. We are committed to bringing the best talent to Life Time. Building solid relationships with our current staff and candidates is at our core. Our team continues to rethink and adapt the employee experience. What does it mean to be a part of the Human Resources family? We invest in our team members and ensure they have the tools to champion their own journey. We offer an incredible benefits package, attractive compensation, flexible hours, and a fully subsidized Signature Life Time Membership.

Position Summary

The Compensation Manager will plan, coordinate, and administers compensation programs and policies to ensure the effectiveness of the Compensation function within their assigned area. Provides thought leadership and advice to create solutions that align compensation policy and practice with business objectives, ensuring support for attraction, retention and reward of team members at Life Time. Will manage the development, execution, communication, implementation, and administration of new and revised compensation programs, policies and procedures.

Job Duties and Responsibilities

  • Partners with clients to translate business objectives to compensation solutions as needed
  • Provides clients with external benchmark data and internal best practice guidelines on compensation practices and policies and consults on appropriately leveraging the information to drive business decisions that help recruit, retain and develop Life Time team members
  • Manages the creation of division or total company compensation programs, driving communication and change management to ensure smooth adoption of new policies, programs and practices
  • Manages, coaches, develops, mentors and retains compensation staff to enhance team performance and team member growth
  • Addresses and resolves Tier 2 and 3 requests as needed
  • Responds to all levels of employees for problem resolution of compensation related inquires and concerns in a timely manner, and identifies communication and training opportunities that can enhance the employee experience
  • Manages vendor relations as needed

Position Requirements

  • Bachelor's degree in Human Resources, Finance or equivalent
  • 5 to 7 years compensation experience
  • Ability to gather and analyze market data and make recommendations on compensation related issues
  • Experience with project management and change management approaches and tools
  • Experience in one or more of the following compensation disciplines : base salary structure design, incentive plan design, pay administration, or commission plan design
  • Preferred Requirements

  • 1 to 3 years of supervisory experience
  • Certified Compensation Professional (CCP)
  • Experience in Workday
  • Experience working with commissions systems
  • This is a salaried position starting at $94,000.00 and pays up to $129,000.00, based on experience and qualifications.

    Benefits

    All team members receive the following benefits while working for Life Time :

  • A fully subsidized membership
  • Discounts on Life Time products and services
  • Retirement savings plan with company match (21 years of age and older)
  • Training and professional development
  • Paid sick leave where required by law
  • Full-time Team Members are eligible for additional benefits, including :

  • Medical, dental, vision, and prescription drug coverage
  • Short term and long term disability insurance
  • Life insurance
  • Pre-tax flexible spending and dependent care plans
  • Maternity leave and adoption assistance
  • Paid time off, including vacation and paid sick leave
  • Life Time is a place for everyone. As an organization, we are committed to an inclusive, diverse and equitable workplace that respects and celebrates the unique contributions of each individual while ensuring we remain an equal opportunity employer that recruits, hires, trains and promotes based on merit and qualifications.

    Salary : $94,000 - $129,000

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