Compensation Manager

Compensation Manager- Charlotte, NC

Position Overview:

We are seeking a talented and experienced Compensation Manager to join our Human Resources team. The ideal candidate will play a crucial role in designing, implementing, and managing our compensation programs to attract, retain, and motivate top talent. Having a Sales Compensation background would be helpful.

Responsibilities:

1. Compensation Strategy Development:

• Develop and implement a comprehensive compensation strategy aligned with the company's business objectives and industry benchmarks.
• Conduct regular market research to ensure our compensation packages remain competitive and in line with industry trends.

1. Job Analysis and Evaluation:

• Conduct job evaluations to determine the appropriate salary ranges for various positions within the organization.
• Work closely with department heads to ensure accurate and up-to-date job descriptions are maintained.

1. Compensation Program Administration:

• Administer and oversee the day-to-day operations of the company's compensation programs, including base pay, incentives, and bonuses.
• Ensure compliance with all relevant labor laws and regulations related to compensation.

1. Performance Management:

• Collaborate with the Performance Management team to align compensation with employee performance, ensuring a fair and transparent reward system.
• Develop and manage performance-based incentive programs.

1. Salary Negotiation and Offer Management:

• Support recruitment efforts by providing guidance on salary ranges and participating in salary negotiations with potential candidates.
• Work closely with hiring managers to create compelling and competitive job offers.

1. Employee Communication:

• Communicate effectively with employees regarding compensation policies, changes, and updates.
• Conduct regular training sessions for HR and management teams on compensation-related topics.

1. Data Analysis and Reporting:

• Utilize data analytics to assess the effectiveness of compensation programs and identify areas for improvement.
• Generate regular reports for senior management on compensation metrics and trends.

Qualifications:

• Bachelor's degree in Human Resources, Business Administration, or a related field. Master's degree or relevant certification (e.g., CCP) is a plus.
• Proven experience as a Compensation Manager in the retail industry or a similar fast-paced environment.
• In-depth knowledge of compensation principles, practices, and regulations.
• Strong analytical skills with the ability to interpret and leverage data for decision-making.
• Excellent communication and interpersonal skills.
• Detail-oriented with a high level of accuracy and integrity.
• Proficient in HRIS and compensation management software.