What are the responsibilities and job description for the Compensation Manager position at Life Time?
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
Pay
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
