Sr Compensation Manager

BJ's Wholesale Club•BJ's Club Support Center Marlborough, MA

2d•Hybrid

About The Position

The Senior Compensation Manager is a strategic and hands-on compensation leader responsible for managing and enhancing compensation programs and processes across the Company. The role partners with the Head of Compensation to contribute to the development of compensation strategy, translate that strategy into effective, scalable programs, and lead complex projects and annual processes across a broad range of compensation areas. The Senior Compensation Manager provides compensation consultation and data-driven recommendations to executives, HR and business leaders, leads and develops a team of 2–4 compensation professionals, and works across HR, Finance, Legal and other functions to deliver competitive, equitable and compliant compensation solutions. The position also brings a broad total rewards perspective and partners with Benefits and other HR functions to support an integrated employee value proposition.

Requirements

Bachelor’s degree required
Eight or more years of progressively responsible compensation experience, including compensation program design, market analysis and administration
At least two years of people-leadership experience, including managing direct reports and/or leading professional project teams
Strong knowledge of base-pay practices, market pricing, job evaluation, salary structures and incentive compensation
Demonstrated experience leading complex, cross-functional projects and major compensation processes
Demonstrated ability to consult with and influence senior business leaders and present complex, data-driven recommendations
Strong analytical capabilities and advanced Excel skills
Proven ability to work independently, manage competing priorities and deliver accurate work under tight deadlines
Ability to exercise sound judgment and handle highly confidential and sensitive information appropriately

Nice To Haves

Compensation experience within retail or another geographically dispersed organization with hourly and salaried workforces
Experience supporting equity compensation, executive compensation, job architecture or compensation compliance
Experience implementing or enhancing Workday and other compensation technology platforms
Experience working with Benefits or other areas of total rewards
Certified Compensation Professional designation or similar certification

Responsibilities

Partner with the Head of Compensation to design, evaluate and implement competitive, equitable and financially responsible compensation programs that attract top talent, retain high-performing team members and align with the Company’s business and talent strategies.
Contribute to the development and implementation of the Company’s compensation philosophy, job architecture, titling conventions, salary structures and pay guidelines.
Serve as a strategic compensation advisor and escalation point for complex or sensitive compensation matters while leading and developing a high-performing team that develops and presents analyses and recommendations to senior business leaders.
For senior-level and executive offers, develop recommendations or provide supporting market analysis, as appropriate.
Manage and administer a portfolio of compensation programs, which may include base pay, salary and wage structures, incentive compensation, rewards and recognition, and other related compensation programs and initiatives.
Lead the planning and execution of key annual compensation processes, which may include merit and wage reviews, incentive payouts, equity events, salary-structure reviews and related communications.
Establish project plans, timelines and controls; coordinate cross-functional dependencies; and ensure accurate, timely delivery.
Provide compensation consultation to HR Talent Advisors, HR Business Partners, Talent Acquisition and business leaders regarding pay strategy, program application and compensation recommendations for new hires, promotions, transfers, retention actions and other team member-specific situations.
Develop financial models and recommendations related to compensation programs, wage investments, reorganizations, retention arrangements and other complex workforce decisions.
Conduct and oversee market analyses, job evaluations and job leveling to support competitive benchmarking, appropriate grading, internal equity and consistent pay decisions.
Support specialized compensation and executive-related processes, which may include equity and deferred compensation administration, executive compensation analysis, reporting, communications, and preparation of leadership and Board materials under the direction of the Head of Compensation.
Lead or support compensation compliance and governance initiatives, including pay equity, pay transparency, FLSA and other applicable requirements.
Maintain clear methodologies, process documentation and controls to support compliance, consistency and business continuity.
Lead cross-functional compensation projects and system or process enhancements, partnering with HR Technology, Finance, Legal, Benefits, Talent Acquisition and other stakeholders.
Champion innovation within Compensation by responsibly leveraging AI-enabled solutions to streamline processes, improve insights and drive greater efficiency across compensation programs.
Apply a total rewards perspective to compensation work and partner with Benefits and other HR functions on integrated analyses, initiatives and employee communications.
Develop clear compensation communications, tools, training and supporting materials for leaders, HR partners and team members.
Monitor compensation trends, regulatory developments and evolving market practices and assess their potential impact on the Company.
Manage external compensation consultants, survey providers and technology vendors as appropriate.