Compensation Consultant

Company: Sleep Number
Location: Saint Paul
Posted on: October 17, 2020

Job Description:

Position Purpose

Sleep Number is seeking an experienced Compensation professional who is looking to make an impact in a fast paced, innovative organization. This position will play a role in further developing Sleep Number's compensation strategy in order to attract, retain and motivate team members while supporting business initiatives.

Primary Responsibilities

Provide expertise and guidance to business leaders and Human Resources Business Partners on a range of day-to-day compensation topics, including market analysis for new positions and promotions, and staying ahead of retention issues.

Develop insightful and impactful modeling and reporting to enable data supported recommendations and decisions.

Bring industry experience and a point of view to drive process improvement.

Produce workforce analytics and proactively identify trends that are affecting the business.

Collaborate with Sales leadership, Home Delivery, and Headquarters leaders on compensation plan revisions to drive improved business results.

Participate in compensation surveys to collect and analyze competitive salary data utilizing Market Pay.

Collaborate and provide analysis/recommendations on compensation strategy for the company through compensation owned projects.

Participate in compensation owned workday processes and administration.

Key Performance Indicators

Successful completion of annual merit processes

Accurate and timely variable pay calculations and accruals

Ensure compensation programs align with the company’s philosophy

Generation of workforce analytics and reporting of insights

Analysis and reporting completed to make informed business decisions

Accuracy in the work

Position Requirements

7+ years Human Resources, Finance, General Business and/or Compensation experience

4 year college degree or equivalent

Proven experience acting as a subject matter expert to the business

Advanced level Excel skills

Knowledgeable in compensation best practices

Experience with Compensation Management Platforms

Adept at understanding complex concepts and situations presented by the business

Demonstrated ability to partner and collaborate across teams

Demonstrated ability to manage change, multiple priorities, and meet deadlines

Excellent written and verbal communication

Keywords: Sleep Number, St. Paul , Compensation Consultant, Other , Saint Paul, Minnesota