COMPENSATION SPECIALIST

Company: Dollar Tree Stores
Location: Chesapeake
Posted on: January 12, 2021

Job Description:

The Compensation Specialist is responsible for analyzing and effectively administering Dollar Tree's compensation plan, programs, and policies. The position is responsible for the day-to-day administration of compensation programs, conducting external market analysis, and analysis of existing and future compensation programs. Duties include conducting position evaluations, job classifications, incentive design analysis, assessing the budgetary impact of compensation decisions, and providing oversight of compliance with applicable regulations and labor laws. RESPONSIBILITIES * Analyze and provide analytical support for all compensation programs across all lines of business, Corporate, Supply Chain, and retail Store Operations* Assist with all compensation components of the annual performance process, including, salary planning, bonus accrual and calculations, and equity grant administration for all Associates* Analyze compensation-related data and information and provide recommendations to the team for implementation or enhancements to current programs, specifically for incentive compensation plans* Collaborate with all areas of the business to assist with the design and implementation of incentive plans that deliver desired business results* Conduct compensation analysis to determine Company's competitive position and to set appropriate promotional and hiring pay levels based on internal rates, performance levels, and external job and market pay comparisons * Ensure documentation for incentive plans is in place and up to date* Work with internal business partners to assist in market pricing of new roles and creating job descriptions, as necessary. * Partner with HR leadership to evaluate, update, and communicate compensation programs* Assist in the development of compensation education and training materials* Participate on projects related to compensation programs or systems, such as custom market studies, incentive proposals, or geographic differential analysisEDUCATION & EXPERIENCE* 3-5 years experience with compensation* Working knowledge of job evaluation and job analysis systems* Bachelors in Human Resources, Business or Finance* Experience with retail or sales compensation desired* Advanced Excel* Previous experience with compensation analysis* Knowledge in FLSA* Compensation experience in a retail or Supply Chain organization preferred* Certified Compensation Professional - preferred

Keywords: Dollar Tree Stores, Chesapeake , COMPENSATION SPECIALIST, Other , Chesapeake, Virginia