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Senior Compensation Manager
1 month ago
Arrow International is the world's largest manufacturer and supplier of charitable gaming products and solutions. We produce and distribute a wide array of products including consumables (pull tab tickets, bingo paper and ink, etc.) as well as world class, state-of-the-art, electronic gaming products. Our products are sold, installed, and operated in numerous social and gaming venues around the world. We continue to grow at a record pace and offer this exciting career opportunity to join our team where we are focused on attracting and engaging exceptional talent, empowering colleagues to achieve fulfilling careers, and creating fun and engaging products that are second to none for our customers.
Position Summary
The Senior Compensation Manager is primarily responsible for developing the company compensation strategy. The candidate will be skilled at developing programs that attract, develop, motivate, and retain highly skilled associates thereby partnering with Company divisions to further the strategic goals of the organization. Uses independence and judgment to recognize and resolve complex problems and issues and is accountable for the timeliness and accuracy of work.
This is an on-site position located at global corporate headquarters.
Primary Roles and Responsibilities
- Develop and implement all aspects of the Company’s compensation strategies and policies. Includes the design and support of incentive plans, sales commission structure, recognition programs, and compensation policies that increase the company’s ability to attract, develop, and retain employees.
- Ensure that the company adopts competitive and "best-practice" policies regarding compensation strategy against the marketplace.
- Design/maintain leading-edge employee incentive plans, aligned with company performance metrics.
- Previous experience building compensation structure with a medium-sized company.
- Act as liaison between the strategic compensation and benefits function and other Company departments to ensure all are communicating effectively and using congruent policies and standards.
- Maintains the current methodology for on-going surveying externally to assure that we are aware of competitive pay levels for specific positions and the area market in general.
- Administers the execution of the various pay plans, including Short Term Incentive (Bonus) award payments, merit increases and executive compensation.
- Develops, directs, and manages communication of compensation programs to improve understanding and acceptance of Company compensation programs.
- Integrates all compensation programs for new associates as the result of Acquisitions / Mergers for all acquired entities.
- Identifies compensation issues that have or might arise and provide recommendations for the proper actions to be taken. Continue the regular process of surveying the various field markets for the competitive compensation levels for all positions and reporting back the results.
- Benchmark activities across all areas of rewards to elevate our understanding of our compensation competitiveness globally and evolve it over time to meet the changing landscape of Compensation.
- Will have oversight of HRIS system (Paylocity).
Experience and Education
- Bachelors' degree in, Business, Finance, Human Resources, or equivalent
- Certified Compensation Professional (CCP) preferred.
- A minimum of 5 years of hands-on experience in compensation.
- 2-3 years in a senior-level strategy setting capacity, ideally operating in a multi-divisional environment.
- Demonstrated knowledge of and experience in human resource functions and specifically developing total compensation packages.
- Demonstrated strong verbal and written communication and interpersonal skills; attention to detail and accuracy in work; and time management and organizational skills.
- Demonstrated team orientation and the ability to work independently.
- Demonstrated ability to work under the stress of strict deadlines and multi-tasking.
- Demonstrated success working in fast-paced, high-growth company.
- Advanced excel skills with ability to perform detailed calculations, modeling and analysis using data in building compensation and benefits plans reconciled with budgets and forecasts.
- Familiarity with Paylocity, salary surveys, benchmarking, external vendors, and other global compensation and benefit providers and tools.
- Highly skilled in change management with the ability to influence stakeholders with competing priorities and differences of opinion towards a common goal and solution, enabling decision-making.
PHYSICAL DEMANDS/WORKING CONDITIONS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential job functions.
- Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus.
- The noise level in the work environment is low and work is conducted in an office environment.
- May be required to sit for long and/or extended periods of time.
