Compensation Program Strategist
3 weeks ago
Job Title: Compensation Program Strategist
Company Overview: Miner, LTD is a leading provider of service and equipment solutions with branch-based operations across the country. We believe in challenging the status quo and finding a better way for our customers.
Salary: The estimated salary for this role is $85,000 - $110,000 per year, based on industry standards and market trends.
Job Description:
We are seeking a skilled Compensation Program Strategist to design, implement, and manage competitive and effective sales compensation programs that attract, motivate, and retain top-performing sales talent.
Responsibilities:
- Compensation Plan Design and Administration:
- Develop and maintain competitive compensation plans that align with company goals, sales strategies, and market trends.
- Conduct thorough job analysis and evaluation to ensure equitable and consistent compensation practices.
- Analyze sales performance data to identify trends, areas for improvement, and potential compensation adjustments.
- Clearly document and communicate compensation plans to the sales team and relevant stakeholders.
- Sales Performance Analysis:
- Track key performance indicators (KPI's) related to compensation plans and make data-driven recommendations for optimization.
- Develop and deliver regular reports on sales compensation effectiveness and ROI.
- Collaboration and Communication:
- Partner closely with Sales leadership, HR, and Finance to ensure alignment on compensation strategies and objectives.
- Effectively communicate compensation plans and updates to the sales team, addressing questions and concerns.
- Gather feedback from sales representatives and managers to continuously improve compensation programs.
- Process Improvement and Automation:
- Streamline and automate compensation processes to improve efficiency and accuracy.
- Identify and implement tools and technologies to enhance compensation plan management and reporting.
Requirements:
To be successful in this role, you will need:
- Education and Experience:
- Bachelor's degree in Business Administration, Finance, Human Resources, or a related field.
- 3+ years of experience in sales compensation design and administration, preferably in manufacturing or construction industry.
- Skills and Knowledge:
- Strong analytical and problem-solving skills.
- Proficiency in data analysis and reporting tools (e.g., Excel, compensation software, etc.).
- Excellent communication and interpersonal skills.
Benefits:
We offer a comprehensive benefits package, including:
- Competitive pay - Plus incentive opportunities
- Full benefits package that starts day one - Includes medical, dental, vision, 401K with match, company-paid life insurance and disability coverage.
- PTO and Paid Holidays
- Training and mentoring - Learn from our experts in the industry
- Advancement opportunities
Others:
The selected candidate will be required to pass a criminal history background check.
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