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Compensation Strategy Jobs in Indiana (NOW HIRING)

This position works closely with the Director of Compensation to support the development and execution of the compensation strategy. This role collaborates closely with HR and leadership teams on ...

New

This position offers exposure across multiple facets of Wabash's compensation strategy and provides the opportunity to build and enhance programs that support talent attraction, retention and ...

Are you passionate about compensation strategy, data analysis, and helping organizations attract and retain top talent? We're seeking a Compensation Manager to join our HR/Compensation and Benefits ...

Compensation & Benefits Manager

Indianapolis, IN ยท On-site

$76K - $102K/yr

KEY LEADERSHIP RESPONSIBILITIES Compensation Strategy & Administration โ€ข Design, administer, and continuously improve the Company's overall compensation philosophy and programs. โ€ข Develop and ...

New

Compensation & Benefits Manager

Indianapolis, IN ยท On-site

$76K - $102K/yr

KEY LEADERSHIP RESPONSIBILITIES Compensation Strategy & Administration Design, administer, and continuously improve the Company's overall compensation philosophy and programs. Develop and maintain ...

New

Compensation & Benefits Manager

Indianapolis, IN ยท On-site

$76K - $102K/yr

KEY LEADERSHIP RESPONSIBILITIES Compensation Strategy & Administration * Design, administer, and continuously improve the Company's overall compensation philosophy and programs. * Develop and ...

New

Sr. Compensation Analyst

Fishers, IN ยท On-site

$77K - $101K/yr

Analyze market data to inform equity and executive compensation strategies * Develop dashboards and insights for senior leadership * Identify and implement improvements to equity and executive ...

CTB Benefits & Compensation Manager

Milford, IN ยท On-site

$63K - $86K/yr

... strategies * Technology Aptitude/Skills: Experienced with HRIS applications, specifically Oracle, and ability to learn proprietary software required; Proficiency in Microsoft Office products ...

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Compensation Strategy information

What is compensation strategy?

Compensation strategy refers to an organization's approach to designing and managing employee pay, benefits, and rewards to attract, motivate, and retain talent. It involves aligning compensation programs with business goals, market trends, and internal equity considerations. A well-developed compensation strategy helps ensure that employees are fairly rewarded for their work and that the company remains competitive in the job market. It typically includes salary structures, incentive plans, and benefits offerings tailored to the organization's objectives.

What are the key skills and qualifications needed to thrive in compensation strategy, and why are they important?

To thrive in Compensation Strategy, you need a strong background in data analysis, compensation principles, and human resources, often supported by a degree in HR, finance, or business. Familiarity with compensation management software, HRIS systems, and certifications like CCP (Certified Compensation Professional) is highly valuable. Excellent communication, problem-solving, and stakeholder management skills set top performers apart in this field. These capabilities ensure fair, competitive, and compliant compensation programs that drive employee engagement and organizational success.

How does a compensation strategy professional typically collaborate with HR and business leaders to develop effective pay structures?

Compensation Strategy professionals work closely with HR teams and business leaders to align pay structures with organizational goals and market benchmarks. They participate in regular meetings to discuss workforce trends, company performance, and budget constraints, ensuring that compensation plans attract and retain top talent. This role often involves analyzing salary data, proposing adjustments, and presenting recommendations to leadership for approval, fostering a collaborative environment that balances business needs with employee satisfaction.

What skills do you need to be a compensation analyst?

A compensation analyst needs strong analytical skills, proficiency in Excel and data management tools, and a good understanding of compensation structures and market trends. Attention to detail, communication skills, and knowledge of HR policies are also important for developing and implementing pay strategies.

What is the difference between Compensation Strategy vs Compensation Analyst?

AspectCompensation StrategyCompensation Analyst
Primary FocusDeveloping overall compensation plans and policiesAnalyzing salary data and market trends
ResponsibilitiesDesigning pay structures, benefits, and incentive programsConducting salary surveys, data analysis, and reporting
Required CredentialsHR or compensation certifications, relevant experienceDegree in HR, finance, or related field; analytical skills
Work EnvironmentStrategic planning, policy development, cross-department collaborationData analysis, reporting, supporting compensation decisions

While Compensation Strategy focuses on creating and guiding overall pay policies and structures, Compensation Analysts implement these strategies through data analysis and market research. Both roles are essential in ensuring competitive and equitable compensation practices within organizations.

What are popular job titles related to Compensation Strategy jobs in Indiana? For Compensation Strategy jobs in Indiana, the most frequently searched job titles are:
What cities in Indiana are hiring for Compensation Strategy jobs? Cities in Indiana with the most Compensation Strategy job openings:

Compensation Manager

Amcor

Evansville, IN โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 2 days ago

New


Job description

Accelerate the possible by joining a winning Amcor team that's transforming the packaging industry and improving lives around the world.

At Amcor, we unpack possibility through our innovative and responsible packaging to provide solutions that benefit our customers, our people and our planet. More than 10,000 consumers worldwide encounter our products every second and rely on us for safe access to food, medicine and other goods. We value their trust by making safety our guiding principle. It's our core value and integral to how we do business.


Beyond this core principle, our shared values and behaviors unite us as we work together to elevate customers, shape lives and protect the future. We champion our customers and help them succeed. We play to win - adapting quickly in an everchanging world - and make smart choices to safeguard our business, our communities and the people we serve for generations to come. And we invest in our world-class team, empowering our colleagues to unpack their potential, because we believe when our people grow, so does our business.


To learn more about playing for Team Amcor, visitwww.amcor.comILinkedInIGlassdoorIFacebook IYouTube

Job Description

About The Role

The Compensation Manager manages high impact compensation programs, which include short-term incentives, job evaluations, compliance, and key compensation projects. This position works closely with the Director of Compensation to support the development and execution of the compensation strategy. This role collaborates closely with HR and leadership teams on organizational structures, and competitive & equitable pay across the organization.

Key Job Accountabilities

  • Manage the annual incentive design and implementation of the sales and non-sales short-term incentive programs to ensure incentives attract and retain key talent, align with organizational priorities, and foster a high-performance work environment.

  • Responsible for the administration of short-term incentive programs, to include executing the annual payout process, program documentation and communication strategies, data audits, and working with HR Partners to ensure proper employee participation.

  • Leverage compensation analytics, benchmarking data, and emerging industry trends to recommend and implement compensation strategies.

  • Identify process efficiencies, develop & maintain positive stakeholder relationships, and present information to diverse audiences.

  • Lead the implementation of the Pay-for-Skill program for applicable sites.

  • Partner with Global Remuneration Network contacts on compensation related topics and projects across Business Groups.

  • Support the annual merit planning process which includes preparing communications, providing strategic guidance to salary planners through the process, system testing, and preparing/leading training as needed.

  • Evaluate jobs utilizing the Hay Job Evaluation method for accuracy and consistency in grade, title, and FLSA status; works with managers and HR Partners regarding clarifications and discrepancies; responsible for ad-hoc, functional, and full market analysis; makes recommendations to HR Partners.

  • Conduct annual hourly compensation benchmarking for AFNA plant locations in partnership with site HR leadership.

  • Participate in regional and national compensation surveys and utilize data results to ensure competitive positioning within manufacturing sector.

  • Manage the Equity Management Incentive Plan (EMIP) and Long Term Incentive Plan (LTIP) tax reporting process for eligible participants as shares vest, including coordination with Payroll team to ensure compliance.

  • Stay abreast of FLSA and evolving federal/state/local pay regulations.

  • Mentors Compensation Analyst team members.

  • Manage compensation related projects, as assigned.

Qualifications/Requirements

  • Bachelor's degree is required, focus on Human Resources preferred

  • 5+ years of compensation experience

  • 3+ years of Human Resources experience within the manufacturing industry preferred

  • Certified Compensation Professional (CCP) is desirable

  • Experience with Workday System a definite plus

  • Experience with compensation philosophies and methodologies; Hay Compensation methodology is desirable.

  • Regular attendance

  • Frequent interaction with others

#LI-Onsite

OurExpectations

We expect our people to be guided by The Amcor Way and demonstrate our Values every day to enable the business to win. We are winning when:

  • Our people are engaged and developing as part of a high-performing Amcor team
  • Our customers grow and prosper from Amcor's quality, service, and innovation
  • Our investors benefit from Amcor's consistent growth and superior returns
  • The environment is better off because of Amcor's leadership and products
Equal Opportunity Employer/Minorities/Females/Disabled/Veterans/Sexual Orientation/Gender Identity

Amcor is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

If you would like more information about your EEO rights as an applicant under the law, please click on the "Know Your Rights: Workplace Discrimination is Illegal" Poster. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call 224-313-7000 and let us know the nature of your request and your contact information.

E-Verify

We verify the identity and employment authorization of individuals hired for employment in the United States.

CompensationThe starting salary for this position is expected to be between $98000 to $122500; however, base pay offered may vary within the full salary range $98000 to $147000 depending on job-related knowledge, skills, and experience. Base pay information is based on national averages and a geographic differential may be applied based on work location. Position may also be eligible for Amcor's Management Incentive Plan / Sales Incentive Plan, which is an annual bonus program based on business and individual performance, as well as medical coverage and other health and welfare benefits. The salary range provided reflects the anticipated base pay for this role at the time of this posting. This range is applicable to positions performed in jurisdictions with pay transparency requirements, including CA, CO, CT, HI, IL, MD, MA, MN, NV, NJ, NY, RI, VT, WA, Washington DC, as well as remote roles that may be performed in these locations. Compensation for roles performed outside of these jurisdictions may vary. The Company reserves the right to modify this range at any time.Benefits

When you join Amcor, you will have access to a comprehensive benefits and compensation package that includes:

  • Medical, dental and vision plans

  • Flexible time off, starting at 80 hours paid time per year for full-time salaried employees

  • Company-paid holidays starting at 8 days per year and may vary by location

  • Wellbeing program & Employee Assistance Program

  • Health Savings Account/Flexible Spending Account

  • Life insurance, AD&D, short-term & long-term disability, and voluntary benefits

  • Paid Parental Leave

  • Retirement Savings Plan with company match

  • Tuition Reimbursement (dependent upon approval)

  • Discretionary annual bonus program (initial eligibility dependent upon hire date)