Compensation Expert

5 days ago

Maumee, Ohio, United States Dana Corporation Full time
Job Summary

The Advanced Compensation Analyst is a key member of the Dana Corporation's compensation team, responsible for supporting business leaders with their compensation requirements. This role involves salary and bonus administration, detailed compensation analyses, and job evaluations. The successful candidate will act as an expert on compensation trends in the external market and ensure that Dana jobs are appropriately aligned for internal equity and external competitiveness.

Key Responsibilities
  • Compensation Administration
    • Develops, implements, analyzes, and administers compensation such as off-cycle salary evaluations, variable pay or short-term incentives (annual incentive plans, sign on bonuses, retention bonuses, etc.), and annual salary increases
  • Compensation Planning
    • Design and drive annual employee compensation planning activities integrated with performance management processes, including salary increase review cycle, promotions, and equity/market adjustments
  • Executive Compensation
    • Planning and execution of executive compensation programs including LTI equity (RSU, PSU, NQSO, etc.), deferred compensation, legacy company payments, special payments, and related administration/reporting
  • Collaboration and Knowledge Sharing
    • Collaborate with and transfer practical compensation knowledge to HR Business Partners to drive, align, and continue implementation of Dana's global grading guidelines
  • Data Integrity
    • Partner with HR colleagues and HRIS to ensure data integrity
  • Recommendations and Solutions
    • Provides recommendations on pay decisions, policy interpretations, and job evaluations
  • Problem Solving
    • Interprets internal or external compensation issues and recommends solutions
  • Policy Development
    • Develop and document compensation policies and procedures ensuring compensation programs are consistently administered in compliance with internal policies and applicable local laws and statutory requirements
  • Leadership
    • Solves complex problems; takes a broad perspective to identify solutions
  • Project Management
    • May lead functional teams or projects
Requirements
  • Education
    • Bachelor's degree in Business, Finance, Human Resources, or related field required. Advanced degree a plus
  • Experience
    • 10+ years' experience in compensation, financial analysis, or HR administration in the manufacturing / automotive industry preferred years of experience will be considered
  • Technical Skills
    • Experience with SAP SuccessFactors a plus
  • Soft Skills
    • Strong detail-orientation skills to ensure adherence to controls and accuracy in deliverables
  • Communication Skills
    • Strong written and verbal communication skills, with the ability to communicate effectively to various stakeholders
  • Problem Solving Skills
    • Must be an excellent problem solver and independent thinker who can create innovative solutions, with some guidance, and views challenges broadly
  • Critical Thinking and Decision Making
    • Demonstrated critical thinking and decision-making skills
  • Adaptability
    • Manages ambiguity, adapts to shifting priorities, and balances workload with competing priorities
  • Technical Skills
    • Advanced skills in Microsoft Excel and PowerPoint

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