Senior Analyst - Compensation
Description:
The primary purpose of this role is to assist with the design, development, and administration of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate associates to ensure market competitiveness and internal equity.
This also includes responsibility for continuous process improvement in the use of existing compensation technology and development of improved methods.
This role is critical to Lowe's as many of the work activities affect employee engagement, retention, and the long-term success of Lowe's.
Evaluates market data/trends and conducts analyses to determine the competitiveness of Lowes compensation programs, and makes recommendations accordingly.
Performs analysis, modeling, and calculations for annual bonuses, incentive programs and other ad hoc data requests.
Assists with the preparation of policy documentation and recommends clarification to policy issues.
Facilitates and processes increases for compensation events, such as annual merit increases, wage increases, step increases, etc.
Reviews information coming back from the field to ensure its accuracy.
Communicates various store, distribution center or corporate incentive awards via reports, meetings, emails, online systems, etc.
Serves as a tactical SME on assigned programs and processes at a granular level.
Participates in compensation surveys, completing and maintaining job documentation and performing job analysis.
Conducts job evaluation and reviews new and/or existing roles (i.e., ranking, factor comparison, points method, etc.).
Ensures compliance with all federal, state, and regulatory standards and laws governing the compensation programs.
Works closely with other groups (Accounting, Finance, Employee & Corporate Communications, etc.) in order to ensure Lowes compensation strategy is executed seamlessly.
Ability to maintain confidentiality around all different types of personal employee information.
Requirements:
Bachelor's degree in Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
6 years' experience in Compensation in a retail corporate environment.
Knowledge of Lowe's stores and corporate processes.
Certified Compensation Professional designation.
Experience evaluating job grades
3-5 years' experience in Microsoft Excel, database analytics, and financial analysis.
Experience working in a compensation environment.
Excellent verbal and written communication skills.
Ability to learn software platforms quickly.
Experience dealing with confidential information.
Benefits:
Apply Now
The primary purpose of this role is to assist with the design, development, and administration of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate associates to ensure market competitiveness and internal equity.
This also includes responsibility for continuous process improvement in the use of existing compensation technology and development of improved methods.
This role is critical to Lowe's as many of the work activities affect employee engagement, retention, and the long-term success of Lowe's.
Evaluates market data/trends and conducts analyses to determine the competitiveness of Lowes compensation programs, and makes recommendations accordingly.
Performs analysis, modeling, and calculations for annual bonuses, incentive programs and other ad hoc data requests.
Assists with the preparation of policy documentation and recommends clarification to policy issues.
Facilitates and processes increases for compensation events, such as annual merit increases, wage increases, step increases, etc.
Reviews information coming back from the field to ensure its accuracy.
Communicates various store, distribution center or corporate incentive awards via reports, meetings, emails, online systems, etc.
Serves as a tactical SME on assigned programs and processes at a granular level.
Participates in compensation surveys, completing and maintaining job documentation and performing job analysis.
Conducts job evaluation and reviews new and/or existing roles (i.e., ranking, factor comparison, points method, etc.).
Ensures compliance with all federal, state, and regulatory standards and laws governing the compensation programs.
Works closely with other groups (Accounting, Finance, Employee & Corporate Communications, etc.) in order to ensure Lowes compensation strategy is executed seamlessly.
Ability to maintain confidentiality around all different types of personal employee information.
Requirements:
Bachelor's degree in Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
6 years' experience in Compensation in a retail corporate environment.
Knowledge of Lowe's stores and corporate processes.
Certified Compensation Professional designation.
Experience evaluating job grades
3-5 years' experience in Microsoft Excel, database analytics, and financial analysis.
Experience working in a compensation environment.
Excellent verbal and written communication skills.
Ability to learn software platforms quickly.
Experience dealing with confidential information.
Benefits:
Apply Now