Compensation Sr Analyst
Location:
Mooresville , North Carolina
Posted:
November 18, 2017
Reference:
1285734BR
Compensation Sr Analyst

Purpose of role:

The primary purpose of this role is to assist with the design, development, and administration of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate employees in order to ensure competitiveness to market. This also includes responsibility for continuous process improvement in the use of existing compensation technology and development of improved methods. This role is critical to Lowe's as many of the work activities affect employee engagement, retention, and the long-term success of Lowe's.

Responsibilities:

Evaluates market data/trends and conducts analyses to determine the competitiveness of Lowe's compensation programs, and makes recommendations accordingly

Performs analysis, modeling, and calculations for annual bonuses, incentive programs and other ad hoc data requests

Assists with the preparation of policy documentation and recommends clarification to policy issues

Facilitates and processes increases for compensation events, such as annual merit increases, wage increases, step increases, etc.

Reviews information coming back from the field to ensure its accuracy

Communicates various store, distribution center or corporate incentive awards via reports, meetings, emails, online systems, etc.

Serves as a tactical SME on assigned programs and processes at a granular level

Participates in compensation surveys, completing and maintaining job documentation and performing job analysis

Conducts job evaluation and reviews new and/or existing roles (i.e., ranking, factor comparison, points method, etc)

Ensures compliance with all federal, state, and regulatory standards and laws governing the compensation programs

Works closely with other groups (Accounting, Finance, Employee & Corporate Communications, etc.) in order to ensure Lowe's compensation strategy is executed seamlessly

Ability to maintain confidentiality around all different types of personal employee information

Requirements:
  • Bachelor's Degree
  • Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
  • 3-5 years of related experience
  • Experience in Microsoft Excel, Access, database analytics, and financial analysis.
  • Experience in Compensation in a retail corporate environment.
  • Excellent verbal and written communication skills.
  • Ability to learn software platforms quickly.
  • Experience dealing with confidential information.
Preferred:
  • Master's Degree
  • Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
  • 5 years of related experience
  • Experience working in a compensation environment.
  • Knowledge of Lowe's stores and corporate processes.
  • Certified Compensation Professional designation.
  • Experience evaluating job grades.
  • Excellent verbal and written communication skills.
  • Ability to learn software platforms quickly. Experience dealing with confidential information.
About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe's and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

Lowe's is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law.

A little about us:
Lowe’s isn’t just a home improvement company; we’re committed to creating a culture that’s inspiring.

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