- Design, maintain, and implement compensation structures, including salary ranges, bonus plans, and incentive programs, that support the organization's pay philosophy and total rewards strategy.
- Lead the execution of annual compensation planning and continuously evaluate effectiveness of compensation programs, innovating and recommending changes to maximize the effectiveness of our investment in total rewards.
- Collaborate with HR Business Partners and leaders to understand business objectives to ensure compensation programs align with organizational goals.
- Partner with the business to annually update all incentive programs including sales commission plans, departmental plans, and Profit Sharing plans.
- Support Director, Associate Service Center with management of the Non-Qualified Deferred Compensation Plan.
- Acts as lead on the management and completion of the annual merit process and incentive plan processing within Workday.
- Provide counsel to the business on compensation issues and trends related to the compensation program, statutory regulations, policy/procedure interpretation, and incentive programs.
- Assist in the creation and evaluation of position descriptions and determination of FLSA classification, ensuring alignment with legal, organizational goals and market competitiveness.
- Conduct in-depth analysis of compensation data, including market reviews, internal equity, and pay trends, to develop and recommend competitive compensation and strategies.
- Conduct annual research in preparation of annual merit and salary structure aging recommendations.
- Configure and maintain HCM Compensation components and Advanced Compensation, including, but not limited to, allowance plans, one-time payments, bonus plans, grades and grade profiles, compensation business processes, merit, and bonus processing in Workday.
- Communicate and distribute incentive program plan documents through Workday or other method of distribution, in compliance with applicable state requirements.
- Process wage and salary adjustments in Workday pertaining to market adjustments, incentive plans, and/or compensation plan changes.
- Review and approve all offers of employment, and job changes within Workday to ensure accuracy and compliance.
- Audit Workday HCM to ensure compensation-related changes are made correctly and data is accurately reflected; investigate & resolve discrepancies.
- Results Orientation
- Agility
- Initiative
- Influence
- Customer Focus
- Thinks Broadly
- Understands Data
- Recognize Implications
- Gather Information
- Bachelor's degree in Business Administration, Human Resources, Finance, or a combination of education and experience that enables performance in all aspects of the position.
- Minimum of 6 years of compensation administration experience; demonstrated knowledge of compensation methodologies, commonly used concepts, practices, and procedures.
- Experience managing executive compensation, inclusive of equity programs and deferred compensation plans preferred.
- Experience with configuring HCM Compensation components and Advanced Compensation in a HCM environment (within Workday strongly preferred), including, but not limited to, allowance plans, one-time payments, bonus plans, grades and grade profiles, compensation business processes, and merit and bonus processing preferred.
- Experienced in addressing complex compensation challenges and proposing innovative solutions to support organizational objectives.
- Expert level skills in MS Excel
- Excellent interpersonal, verbal, and written communication skills with ability to effectively present to all levels of the organization.
- Ability to research, conduct analysis, and develop compensation proposals, independently and in collaboration with others.
- Continuous viewing from and inputting data to a computer screen
- Sitting for long periods of time
- Travel required (<10%)
- Dealer Tire is a drug-free environment. All applicants being considered for employment must pass a pre-employment drug screening before beginning work.
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Sr. Compensation Analyst - Cleveland, United States - Dealer Tire
Description
Who We AreWe're Dealer Tire, a family-owned, international distributor of tires and parts established in 1918 in Cleveland, OH. We're laser focused on helping the world's largest and most trusted auto manufacturers grow their tire business-in fact, we've sold more than 60 million tires to date. We're a thriving company, and we're looking for driven individuals to join our team. That's where you come in
As Sr. Compensation Analyst, your essential job responsibilities will include the following:
Compensation Program Management
Competencies Required
Base Pay Range:
$105,000-$115,000
This position is targeted to be closed on:
EOE Statement: Dealer Tire is an Equal Employment Opportunity (EEO) employer and does not discriminate on the basis of race, color, national origin, religion, gender, age, veteran status, political affiliation, sexual orientation, marital status or disability (in compliance with the Americans with Disabilities Act*), or any other legally protected status, with respect to employment opportunities.
*ADA Disclosure: Any candidate who feels that they may need an accommodation to complete this application, or any portions of same, based on the impact of a disability should contact Dealer Tire's Human Resources Department to discuss your specific needs. Please feel free to contact us at or via phone at