Sr. Compensation Analyst - The Toro Company

The Toro Company•Bloomington, MN

22d•$120,000 - $150,000•Hybrid

About The Position

Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless of expiration date, now or in the future. Who Are We? The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world - class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and a healthy tenure , come find out what makes The Toro Company the best place in the Twin Cities to build a career. Sr. Compensation Analyst at TTC: Analyzes, designs and administers compensation programs such as base pay, long and short-term incentives, spots bonuses and commissions that align with company objectives. Designs and communicates pay structures, job profile grades, compensation budgets and guidelines. Provides thought leadership and strategic advice to create solutions that align compensation policies with business needs to support the attraction and retention of employees. Conducts research and analysis on market competitiveness, compensation trends and regulatory requirements.

Requirements

Bachelor’s degree in relevant field (HR, Business, Finance or related field)
7+ years of broad compensation experience required with a strong track record in designing and implementing compensation strategies
Excellent communication skills, both verbal and written, with strong analytical and quantitative abilities
Expertise in compensation theory, program design and understanding of regulatory requirements
Highly organized and adaptable with a demonstrated ability to lead
Demonstrated critical thinking, listening and problem-solving ability; understands broader implications of decisions

Nice To Haves

Certified Compensation Professional (CCP) designation preferred
Previous experience working with Workday, CompAnalyst and AON preferred
Design and administration of incentive and sales plans preferred
Equity plan administration experience preferred

Responsibilities

Partner closely with Human Resources Business Partners and key stakeholders to consult on global compensation needs and initiatives.
Lead and support the development, execution, communication and implementation of compensation programs (i.e. base pay, incentive plans, sales compensation, equity) and policies.
Perform job evaluations using internal and external data to assign appropriate job grade.
Conduct in-depth analysis on job families in partnership with HR and business leaders.
Provide high-level strategic insights on complex and challenging compensation situations.
Lead annual compensation processes to include merit planning, budget development, salary surveys, market analysis and incentive plan administration.
Ensure compensation programs and policies comply with regulatory and legal requirements.
Provide executive compensation support.
Lead, drive, and support compensation-related projects from inception through execution.
Operate independently in high-responsibility tasks, occasionally serve in a team lead capacity.