Compensation Specialist

Sterling Jewelers • Irving, TX

287d • Remote

About The Position

We are seeking a highly skilled Compensation Specialist to join our dynamic team at Signet! This role will be central to shaping and evolving our compensation programs, focusing on compliance, market competitiveness, and innovative incentive strategies. As we transition to a more sophisticated incentive management system, this is an exciting opportunity to make a direct impact on our compensation practices and contribute to the growth of the business. You will work closely with key stakeholders and lead critical initiatives around incentive plan administration, market pricing, and corporate compensation processes. This is a Hybrid role and would require the ability to work a mix of on-site and work from home schedules out of our Akron, Ohio or Dallas, Texas Support Center.

Requirements

• Minimum of 2 years of experience in compensation analysis or a related field.
• A strong understanding of compensation structures, incentive programs, and compliance regulations.
• Bachelor's degree in Human Resources, Business, Finance, or a related field.
• Experience with compensation platforms such as ERI, Workday, CompAnalyst, and SAP Callidus/SF Incentive Management.
• Familiarity with advanced compensation systems is a plus.

Nice To Haves

• Strong analytical skills with the ability to interpret complex compensation data and make data-driven recommendations.
• Excellent communication and interpersonal skills to effectively collaborate with internal teams and external vendors.
• Ability to thrive in a fast-paced, evolving environment, with a proactive approach to problem-solving.
• High attention to detail and accuracy in managing compensation-related data.
• A passion for staying informed on compensation trends and continuously improving compensation practices.

Responsibilities

• Lead the monitoring of minimum wage changes and exempt threshold adjustments to ensure compliance with federal and state regulations.
• Proactively identify areas of opportunity to optimize compensation strategies.
• Take ownership of incentive plan administration for field team members.
• Play a pivotal role in the transition from a manual to a more automated incentive system, ensuring smooth execution and greater efficiency.
• Conduct in-depth market pricing for support center roles, using a data-driven approach to ensure alignment with industry standards.
• Collaborate closely with HR Business Partners and leadership to ensure our compensation offerings remain competitive.
• Utilize market data, compensation trends, and internal pay equity data to provide actionable insights and recommendations.
• Regularly present findings to key stakeholders to influence business decisions.
• Support annual compensation processes, including Short-Term Incentive Plans (STIP), Long-Term Incentive Plans (LTIP), and merit increases.
• Assist in aligning compensation strategies with company goals.
• Stay ahead of industry trends and best practices.
• Contribute to the development and optimization of compensation policies and procedures to ensure efficiency and best-in-class practices.
• Participate in compensation surveys to gather relevant data for benchmarking and decision-making.

Benefits

• Competitive healthcare, dental & vision insurance
• 401(k) matching after one year of employment
• Generous time off + company holidays
• Diversity Programs
• Much more!

What This Job Offers

• Career Level: Mid Level
• Industry: Clothing, Clothing Accessories, Shoe, and Jewelry Retailers
• Education Level: Bachelor's degree