Manager, Compensation Partner

4 weeks ago

Minneapolis, United States Best Buy Full time
Job Description

As a Compensation Partner Manager, you'll play a critical role by maintaining fair and equitable pay decisions within the most complex or technical functions of the enterprise. You will apply deep curiosity while collaborating with partners, using skills to evaluate market data, and translating information into clear, compelling and inspiring narratives. You will have excellent organizational and communication skills with the ability to share knowledge of trends and best practices in the compensation space regarding assessment and research.

This role is hybrid, which means you will be required to work some days on-site at the Best Buy location listed on this posting and some days virtually from home or other non-Best Buy location. The specific work arrangements vary by role and team. The recruiter or hiring manager will provide more details during the hiring process.

What you'll do
  • Build a rhythm to evaluate current role descriptions and/or job families on an annual basis for all positions, to continuously enhance and stay in front with market trends, including on the individual pieces as well as total compensation (STI design, commission discussions if applicable, LTI eligibility debates, etc.)
  • Responsible for gathering and translating data to assess current market pricing to support industry competitiveness
  • Capture external insights based on industry trends and challenge the status quo
  • Partner with industry peers and third party resources to understand unique scenarios of the complex areas they support
  • Collaborate with HR Business Partners and Talent Acquisition to understand business trends to confidently deliver offer recommendations
  • Own initial salary recommendations based on submitted job description against cross-functional internal comparators and relevant market data
  • Provide guidance on sign-ons (cash and equity), for "who," "what" and "when" market trends

Basic qualifications
  • 5 years of Human Resources experience or equivalent
  • 3 years of strong data analysis skills utilizing Microsoft Excel
  • Strong ability to translate data into actionable insights to drive decision-making

Preferred qualifications
  • 2 years of Compensation experience, including job evaluations, market analysis and compensation program development
  • 2 years of business consulting experience
  • 2 years of project management experience

What's in it for you

We're committed to helping our people thrive at work and at home. We offer generous benefits that address your total well-being and provide support as you need it, especially key moments in your life.

Our benefits include:
  • Competitive pay
  • Generous employee discount
  • Physical and mental well-being support

About us

As part of the Best Buy team, you'll help us fulfill our purpose to enrich lives through technology. We bring that to life every day by humanizing and personalizing tech solutions for every stage of life - in our stores, online and in customers' homes.

Our culture is built on deeply supporting and valuing our amazing employees who make it all possible. We're committed to being a great place to work, where you can unlock unique career possibilities. Above all, we aim to provide a place where you can bring your full, authentic self to work now and into the future. Tomorrow works here.™

Best Buy is an equal opportunity employer

Benefits

Best Buy offers a range of benefits to support your overall well-being, as outlined in the Benefits Guide. Eligibility may vary.

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