Compensation Lead

PRIMARY OBJECTIVE OF THE POSITION: Leads the development, implementation, and administration of total reward programs, policies, and procedures. Manages foundational compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, pay program administration and other total reward associated initiatives. Ensures that base pay, incentive pay and performance management programs remain competitive and conform to current compensation strategy. Directs data collection and analysis processes for market, pay equity, and other compensation studies. Ensures total reward policy and cultural philosophies are coordinated and align globally. MAJOR AREAS OF ACCOUNTABILITY: Partners with leaders to creates and designs a global compensation roadmap to meet future enterprise goals and objectives. Collaborates with HRBPs across the enterprise to align on business strategies that align back to compensation programs such as base pay, long and short-term incentives, bonuses. Develops a governance process to ensure compliant policies and programs are implemented and adhered to Ensures the day-to-day tasks are completed across the team in areas of jobs evaluations, internal equity, and makes pay grade recommendations in alignment with exiting job architecture. Monitors effectiveness of variable pay programs by evaluating key metrics of each plan. Works with Finance department and leaders to ensure metrics are identified and supporting budgets are in place. Keeps up to date on trends and global benchmarks that align with company financial objectives for recruiting, retention, and employee engagement while driving a high-performance culture. Provides input across team in the areas of employee engagement, organizational design and related outcomes, retention, incentives, and talent acquisition requirements. Leads the annual merit review process and works closely with finance and leaders to develop related budgets. Responsible for systems optimization and continuous process improvement. Understands US and global laws and compliance including reporting requirements, position classifications (e.g. FLSA), etc. and advises manager of gaps and solutions. Manages related vendors to ensure service delivery and necessary tools are in place to perform compensation work effectively. Performs related work as apparent or assigned. QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Bachelors degree or equivalent experience. At least 10 years of experience in a compensation role with increasing responsibility. Previous experience designing total reward & programs including in the areas of base, variable, and incentives. Strong excel and presentation skills including an exceptional ability to provide influence. Demonstrated ability to handle multiple and varied projects. Able to build strong relationships with managers, HRBPs, Talant teams as well as building trust with leadership Able to navigate through ambiguous objectives efficiently. Strong attention to detail. Ability to use data tell the story and to model outcomes. Ability to communicate effectively, both orally and in writing, with a wide variety of customers, Company personnel and others. Knowledge of HR systems to support compensation needs. Knowledge of business and management principles involved in strategic planning, and resource modeling. Genuine interest in people-oriented work; must display a positive and caring attitude. Handles confidential information with the utmost judgment and discretion. Demonstrates Northern Tool Equipments 12 Core Competencies. About the Company: Northern Tool Equipment is a retailer and manufacturer that specializes in offering superior quality tools at great prices, along with the knowledge and support needed to help customers get the job done right. Theyve been in business for over 40 years, recently reaching revenues over $1.5 billion. The company not only supplies over 100,000 tools from the top brands in the industry but also designs, manufactures, and tests an extensive lineup of premium private label products that customers cant get anywhere else. Northern Tools far-reaching customer base includes handy men and women, weekend hobbyists, serious do-it-yourselfers, full-fledged contractors, trade professionals, and more. The companys products can be found in over 120 retail stores in the USA, on its comprehensive international website, and via numerous catalogs throughout the year. Recently Northern Tool has expanded operations to offices in India to serve its global distribution better. We are recently named as one of the Top Workplaces for MidSize Employers by Forbes in the US. We have also been recognized as the Top GCC to work for in AI and analytics and our India HR team as the Top HR Professionals in AI and Analytics by 3AI which is a professional firm associated with analytics within India. About NTE India: Northern Tool is making a significant investment in business transformation. We are committed to providing our customers with an exceptional experience. The team in India will enable Northern Tool to expand its internal capabilities in Finance, Merchandising, Product Engineers, Manufacturing Ops, Marketing, Contact Center, and Information Technology. Why Northern ? True Northern: We know that our strength is our people. The distinct abilities they bring into the system are the key to our success. We seek talented people who wish to share their initiative, ideas, and expertise; we develop and support our teams, and we put them in a position to succeed. We know our customer; we provide value, and we act with integrity. We are True Northern. Build Lasting Relationships: At Northern Tool Equipment, were far more interested in building relationships than we are in simply making transactions. Our purpose is building a long-lasting relation with our customers and employees. We care for our customers, employees and society. Our customer base is exceptionally loyal because customers know that we will give them the right solution. Accelerate Decision Making: by collaborating with the brightest minds, bring ideas to life across our value chain of business operations across our vast network of over 120 stores across the US. Lead with Innovation: Join us to elevate our customer experience?with cutting-edge products, technology, and business processes and?drive our business forward. We are Family: As a family-owned business, we have respect for personal lives; wherever possible, we strive for flexibility in work schedules, and we maintain a relaxed, professional atmosphere. Does this sound interesting?? Be an early applicant Northern Tool is an Equal Opportunity Employer. We encourage andempower everyone and support diversity in experience, and point of view. We are pledged to a fair and a transparent hiring process with no discrimination of race, color, ancestry, religion, gender, national origin, age, citizenship, marital status, disability, or veteran status.

Location: Hyderabad, IN

Posted Date: 9/2/2024