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Compensation Strategy Jobs in Minnesota (NOW HIRING)

Total Rewards Manager

Moundsview, MN ยท On-site

$84K - $114K/yr

Align compensation programs with overall total rewards philosophy and business strategy. * Partner with HR leadership and Finance on compensation planning, budgeting, and forecasting. Benefits:

Submit data to third-party surveys and use insights to inform compensation strategies. * Ensure Compliance. Participates in the development of the Total Rewards strategy aligned with the organization ...

Submit data to third-party surveys and use insights to inform compensation strategies. * Ensure Compliance. Participates in the development of the Total Rewards strategy aligned with the organization ...

... making compensation decisions including but not limited to skill sets; experience and training ... Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments ...

Senior Manager Strategy

Minneapolis, MN ยท On-site

$11K - $169K/yr

Working in Strategy is a "contact sport" with high visibility to senior leadership and ... Actual compensation is influenced by a variety of factors including but not limited to skills ...

Corporate Strategy Associate

Wayzata, MN ยท On-site

$145K - $165K/yr

STRATEGIC ANALYSIS & SCENARIO DEVELOPMENT: Structures complex business problems, develops ... Compensation Data The expected salary for this position is $145,000 - $165,000.Compensation varies ...

STRATEGIC ANALYSIS & SCENARIO DEVELOPMENT: Structures complex business problems, develops ... Compensation Data The expected salary for this position is $145,000 - $165,000.Compensation varies ...

Corporate Strategy Associate

Wayzata, MN ยท On-site

$145K - $165K/yr

STRATEGIC ANALYSIS & SCENARIO DEVELOPMENT: Structures complex business problems, develops ... Compensation Data The expected salary for this position is $145,000 - $165,000. Compensation varies ...

Associate Strategy Director

Minneapolis, MN ยท Hybrid

$90K - $105K/yr

Associate Strategy Director About broadhead. At broadhead, we believe bold ideas create meaningful ... Compensation Details The salary range for this position is $90,000 - $105,000. Our employees are ...

Total Rewards Analyst

Minneapolis, MN ยท On-site

$73K - $90K/yr

Submit data to third-party surveys and use insights to inform compensation strategies. * Ensure Compliance. Participates in the development of the Total Rewards strategy aligned with the organization ...

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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 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 Minnesota? For Compensation Strategy jobs in Minnesota, the most frequently searched job titles are:
What cities in Minnesota are hiring for Compensation Strategy jobs? Cities in Minnesota with the most Compensation Strategy job openings:
Total Rewards Manager

Total Rewards Manager

multitech

Moundsview, MN โ€ข On-site

$84K - $114K/yr

Other

Medical, Retirement

Re-posted 4 days ago


Job description

SUMMARY:ย MultiTechโ€™s Total Rewards Manager is a strategic individual contributor responsible for the design, implementation, and evolution of global total rewards programs, with primary accountability for global compensation programs and North American benefits programs (United States and Canada), along with select global market programs. This role partners closely with HR leadership and business stakeholders to deliver competitive, equitable, and compliant reward programs globally, driving talent attraction, retention, and performance.

ESSENTIAL DUTIES AND RESPONSIBILITIES:ย 

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Total Rewards Strategy & Integration:

  • Support the development and execution of a global total rewards strategy aligned with business objectives and talent priorities.
  • Ensure alignment of compensation and benefits programs to deliver a cohesive employee value proposition.
  • Evaluate market trends and emerging practices to inform program evolution.
  • Partner with HR leadership to enhance employee understanding and perception of total rewards.

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Compensation:

  • Design, implement, and continuously improve global compensation structures, frameworks, and programs, including job structure, base salary, and incentive/bonus plans (corporate and sales incentive).
  • Lead annual global compensation processes (salary reviews, bonus planning).
  • Conduct market benchmarking and compensation analysis to maintain competitive positioning.
  • Develop, implement and maintain job architecture, salary ranges, and grading structures.
  • Perform pay equity analyses and recommend corrective actions.
  • Provide consultative guidance to HR and business leaders on offers, promotions, and pay decisions.
  • Align compensation programs with overall total rewards philosophy and business strategy.
  • Partner with HR leadership and Finance on compensation planning, budgeting, and forecasting.

Benefits:

  • Lead the design, administration, and continuous improvement of benefits programs in the U.S. and Canada, including health, retirement, wellness, and leave programs.
  • Manage vendor relationships, brokers, renewals, and contract negotiations.
  • Ensure compliance with applicable regulations in all applicable regions (e.g., ERISA, ACA, COBRA, etc.).
  • Analyze program effectiveness, utilization, and cost trends; recommend enhancements and changes.ย  Collaborate with brokers and HR team to manage the execution and implementation of programs/changes.
  • Manage global benefits programs in collaboration with regional stakeholders. Review global offerings and identify, recommend and implement enhancements where needed.
  • Ensure benefits programs are aligned with overall total rewards strategy and employee value proposition.

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Global Programs & Projects:

  • Lead global total rewards initiatives, including employee recognition and harmonization/alignment of compensation and benefits programs across regions.
  • Contribute to the development of a consistent global rewards framework while allowing for local market differences, competitiveness and compliance.
  • Support merger and acquisition activities, including due diligence, integration and harmonization.
  • Develop communication materials to educate employees and leaders on comp and benefits programs, clearly articulating the value of total rewards across the organization.

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Governance, Compliance & Analytics:

  • Ensure compliance with global compensation and benefits laws and regulations.
  • Develop and track key metrics and reporting dashboards.
  • Manage accurate and timely processes to ensure compliance requirements are met.
  • Maintain policies and documentation.

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QUALIFICATION REQUIREMENTS:ย 

EDUCATION AND/OR EXPERIENCE:

  • Bachelorโ€™s degree in human resources, business, finance, or related field required; related certification preferred.
  • 5-8+ years of progressive experience in compensation and/or benefits, including global exposure.
  • Strong total rewards expertise, including compensation strategy and benefits program design, with focus on market competitiveness, pay equity, and employee value proposition required.
  • Expertise in comp framework and program design, market benchmarking, and comp cycle management.
  • Strong knowledge of U.S. benefits programs required. Working knowledge of Canadian benefits preferred.
  • Advanced Excel and data analysis skills; familiarity with HRIS and compensation systems (to include configuration). Dayforce experience/exposure ideal but not required.
  • Advanced analytical, problem-solving and project management capabilities.
  • Strong communication, influential leadership, and stakeholder management skills.
  • Ability to handle confidential and sensitive information with discretion.

PHYSICAL DEMANDS:ย 

  • Lifting requirements up to 25 pounds.
  • Requires sitting for periods of time.
  • Use hands to finger, handle or feel.

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WORK ENVIRONMENT:

  • Working conditions are normal for an office environment. Minimal noise.
  • Our Minnesota facility includes a manufacturing environment. Moderate noise level. Machinery operation requires the use of safety equipment to include but not limited to; safety glasses, hearing protection, wrist and shoe straps, and ESD smock. Loose fitting clothing and jewelry are not permitted. No food is allowed in the manufacturing area. No cell phone use allowed in manufacturing area unless approved by management.

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EQUIPMENT AND TOOLS USED:ย 

  • Laptop computer, Standard office equipment
  • HRIS and compensation management systems
  • Data analysis and reporting tools