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Compensation Manager
Compensation ManagerBoF Careers • Nutley, NJ, US
Compensation Manager

Compensation Manager

BoF Careers • Nutley, NJ, US
1 day ago
Job type
  • Full-time
Job description

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Company Description

Ralph Lauren Corporation (NYSE : RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories : apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through : Talent, Education & Communication, Employee Groups and Celebration.

Company Description

Ralph Lauren Corporation (NYSE : RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories : apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through : Talent, Education & Communication, Employee Groups and Celebration.

Position Overview

As a key member of the Corporate Compensation team, the Compensation Manager will contribute to the team's strategy for the Company by assisting in the implementation and administration of compensation. Successful candidates will have solid experience with Workday HRIS, leading projects, and have strong communication / relationship building skills. The purpose of this role is to manage, configure, and maintain Workday's compensation modules, analyze compensation data, and support compensation decisions within an organization. This role will work closely with global teams including compensation, operations, and business partners to ensure accurate data, reports, integrations, and tools are available for data-driven decisions. This role requires understanding and applying compensation policies, designing compensation programs, and managing projects related to compensation system upgrades and rollouts.

Essential Duties & Responsibilities

Compensation Expertise

  • Participates in the design, implementation, and ongoing evaluation of the organization's compensation programs, salary infrastructure and leveling
  • Participates in and utilizes data from compensation surveys coordinated with online survey management and benchmarking tool to conduct competitive market analyses
  • Leads global year-end compensation review process
  • Ensures compensation practices are compliant with relevant legislation; including but not limited to monitoring minimum wage and threshold changes
  • Collects, analyzes, and reports on compensation data to identify potential pay equity disparities; implement improvements to pay equity practices Compensation Business Partner
  • Works closely with People and Development (P&D) Partners to proactively understand and address the needs of client divisions / departments including evaluation of job levels and compensation recommendations
  • Educates and communicates policies, programs, processes, and philosophies Systems and Process
  • Responsible for updating, maintaining, configuring, implementing, communicating, and evaluating system configuration
  • Main point of contact for troubleshooting, researching and resolving configuration and process issues
  • Responsible for continual process improvement by planning, developing, implementing, and evaluating the quality of operations

Experience, Skills & Knowledge

  • Proven experience with Workday's compensation modules, including configuration, reporting, and administration.
  • Strong analytical and problem-solving skills, with the ability to interpret data, draw conclusions and present data.
  • Ability to identify and resolve issues related to compensation systems and processes.
  • Advanced level Excel (VLOOKUP, PIVOT, SUMIFs, etc.) and proficient with full Microsoft Suite (PowerPoint, Word, etc.).
  • Excellent communication and interpersonal skills to collaborate effectively with stakeholders.
  • Highly detailed with emphasis on accuracy and quality.
  • Project management experience (preferred) related to Workday implementations or upgrades.
  • Experience with governance practices and development of processes and procedures.
  • Proactive nature, solutions oriented, positive attitude, strong work ethic and desire to learn.

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    Compensation Manager • Nutley, NJ, US