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TK Elevator is currently seeking an experienced Manager - Compensation in Alpharetta, GA.
The Compensation Manager will oversee the design, analysis, and administration of TK Elevator's compensation programs and HR reporting, including: highly complex incentive plan design, modeling, and payment calculations; base salary structure design and analysis; job evaluation and market pricing; annual Merit administration; salary survey participation; and HR metric analysis. The primary objectives will be to ensure the company's compensation practices 1) align with its business goals and strategies; 2) are competitive, equitable, and legally compliant; 3) attract and retain top talent, and 4) motivate employees to achieve the company's short and long term goals.
Essential duties and responsibilities:
Manage team of senior compensation and analytics professionals, providing performance management, mentoring, and oversight
In collaboration with the Incentive Analytics Expert, own the full lifecycle of all short-term incentive plans: design, analysis, communication, and administration
Partner with senior leadership to design 15-20 incentive plans
Gain stakeholder buy-in, collaborate with Legal
Coordinate financial modeling, assess business impact of current plans
Oversee complex incentive calculations, accruals, and payouts
Collaborate with Finance to track KPIs and assess effectiveness of incentive plans
Head the IC Governance Committee and hold quarterly meetings
Ensure new and current jobs are accurately evaluated and graded
Collaborate with HR partners in the annual performance review and Merit administration
Provide guidance on increases
Communicate process and results
Manage the approval process for off-cycle pay increases and exception requests
Represent the Compensation department in the ongoing implementation of the SFEC/SAP Compensation Module
Assist external consultants in the integration of company salary structures and incentive plans
Participate in user testing
Review and design formal policies and procedures governing compensation practices
Oversee and conduct quantitative and qualitative analysis to ensure company's compensation practices align with its philosophy, comply with guidelines, and achieve business objectives
Oversee survey participation, validating matches and ensuring accurate and timely submissions
Ensure market competitiveness through annual compensation benchmarking to multiple external surveys; analyze market ratios and advise on equity adjustments
Oversee and conduct HR metric analysis/reporting for CHRO and Global HQ
Partner with Global and Local HRIS to ensure effective data capture and reporting functionality
Research and advise on compensation best practices and governance: pay equity, promotions, merit, salary structures, incentive design, etc.
Partner with HR to ensure compliance with compensation governance; communicate and enforce policies
Responsible for the company's JD library: ensure JDs are accurate, relevant, and up to date distribution of plans.
What we look for
10+ years' experience in compensation analysis and administration
Bachelor's degree, preferably in Human Resources or Finance
Expert user of Excel: able to analyze large datasets using advanced formulas, pivot tables, and charts; summarize results; and translate into clear action items
Advanced user of PowerPoint
Subject matter expert on compensation principles and best practices
Ability to communicate concisely and effectively, with the utmost tact and discretion
Proven ability to work and create effective partnerships with executives and business leaders across multiple functions and teams
Must be able to handle highly sensitive data with the greatest degree of confidentiality
Keen attention to detail
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
PHR / SPHR
Experience with SFEC / SAP
Experience using Mercer and/or Culpepper compensation modules