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Compensation Manager

4 months ago

Golden Valley, United States Versique Full time

As a Compensation Manager, you will bring confidence, best practices, and consistency to compensation practices while honoring philosophical foundations.

In this role, you will work alongside HR Partners and the senior leadership team to establish equitable compensation practices that support our ability to recruit, engage, and retain our staff members. You'll be part of a talented 15± person HR team with professionals, each dedicated to building challenging, rewarding, and positive career experiences.

Worksite Location:

Golden Valley, MN – Hybrid

Roles & Responsibilities

Lead the development and implementation of comprehensive compensation strategies that align with organizational values and ensure our leaders are prepared with the knowledge and tools to execute those strategies. Conduct a thorough analysis of market trends, industry benchmarks, and internal data to assess the competitiveness and effectiveness of existing compensation programs, including geo wage differentials, pay ranges, annual wage adjustments, equity audits, pay transparency, etc. Drive the annual compensation planning and mid-year review processes to include merit increases, bonuses, and internal equity recommendations through thoughtful analysis and consultation with key business partners. Facilitate ongoing Compensation Committee meetings to ensure consistent decisions are made. Partner with HR Business Partners and finance teams to ensure alignment between compensation initiatives, broader talent management, and financial objectives. Partner with HRBPs and leaders to ensure clear role definitions for all jobs, effectively benchmarking salaries against industry standards and ensuring internal equity. Manage the annual Profit-Sharing program, including the calculation and communication around the program. Manage compensation configuration within our HRIS system, UKG. Lead other compensation-related projects and initiatives.

Required Skills & Experience

7-10 years of compensation/HR/benefits experience, ideally in a retail, multistate environment. Proficiency in an HRIS system is essential. Deep Understanding of Compensation Principles: You are confident in your understanding of compensation principles, including market trends, internal equity, pay-for-performance strategies, and legal compliance. Strategic Thinking: You easily connect compensation practices with overall strategies and bring a strategic mindset that aligns efforts toward strategic objectives. Exceptional Communication Skills: You are skilled at clarifying compensation concepts, facilitating productive discussions, and fostering understanding among various partners throughout the business. Strong Analytical Skills: Your strategic mindset, complimented by your love for data and analytics, brings balance to the art and science of compensation. Relationship Builder. You are authentic and work to cultivate genuine and credible professional relationships. Continuous Learner: You stay updated on industry best practices, regulatory changes, and emerging trends in compensation to continuously optimize our compensation strategies, ensuring they remain competitive, compliant, and aligned with our goals and values.

About Versique

At Versique, we believe people are more than a resume. People invent, propel, unearth, and build. They transform teams, markets, industries, and bottom lines. People do more than fill an open position. They open greater potential. We're here to help you fulfill your human potential and build your human capacity. The Versique brand represents a powerful combination of "versatile" and "unique," hinting at the concept of "search" in its pronunciation.

In 2023, Versique made the Inc. 5000 list of fastest-growing private companies, and the Minneapolis-St. Paul Business Journal's Fast 50 list for fastest-growing private companies in Minnesota. Additionally, for the past four years, Versique has been recognized as a Star Tribune Top Workplace and awarded a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal, which speaks to the incredible culture we've fostered.

We believe people are the ultimate business advantage. Let's find your people together. And make the best possible.

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.

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