Senior Manager, Compensation

This is a fully remote position, open to applicants in Maryland.

📋 Description

• Report directly to the Senior Director of Compensation for Commercial, Marketing, and Product.

• Oversee the compensation strategy and its implementation for the Commercial, Marketing, and Product divisions in North America.

• Design, manage, execute, and regulate sales incentive plans.

• Offer compensation expertise in areas such as base pay, market pricing, job architecture, annual compensation planning, and related policies and programs.

• Collaborate with HR leaders, business executives, Finance, Sales Operations, and other relevant stakeholders.

• Advise on the design, administration, implementation, and evaluation of variable compensation programs.

• Lead the design and governance of sales incentive plans, including performance metrics, pay mix, payout structures, and documentation.

• Model incentive costs and payout scenarios while evaluating attainment and distribution of payouts.

• Act as a subject matter expert in compensation related to sales incentive plans, job grading, market pricing, internal equity, job evaluations, compensation structures, and annual compensation planning.

• Work together on enhancements to sales incentive plans, global job architecture, market assessments, and pay analyses.

• Implement, educate, communicate, and manage enterprise-wide compensation programs.

• Track plan performance and gather, analyze, and summarize compensation data to meet statutory, regulatory, and organizational needs.

• Assist in the development and modification of compensation plans, programs, and policies.

• Ensure that compensation data within HR systems is accurate and sufficient.

• Provide analytical support using economic and cost-impact models for merit budgets, variable compensation guidelines, incentive plan modeling, job family structures, grades, pay lines, and broad bands.

• Analyze potential retention risks and propose solutions to business challenges.

• Identify opportunities for process improvement and best practices.

• Perform additional duties as assigned.

⛳️ Requirements

• A Bachelor’s degree in Human Resources, Business, Finance, Accounting, Economics, or a related field is required.

• Certification as a Certified Compensation Professional (CCP) or Certified Sales Compensation Professional (CSCP) is preferred.

• A minimum of 8 years of relevant experience in Compensation.

• Extensive experience in designing, implementing, and managing sales incentive plans and variable compensation programs.

• Comprehensive compensation experience, including market pricing, job evaluation, compensation structures, and annual compensation planning.

• Experience in both B2B and B2C environments.

• Familiarity with Workday is preferred.

• Strong decision-making and critical thinking abilities.

• Capability to manage and influence key stakeholders.

• Ability to collaborate, consult, and partner effectively with HR and business leaders.

• Strong skills in project management, change management, and communication.

• Exceptional organizational skills with a keen attention to detail, follow-up, and problem-solving.

• Ability to uphold a high level of confidentiality.

• Not eligible for visa sponsorship (H1B, OPT/CPT, TN, etc.).

🏝️ Benefits

• Medical, dental, life, vision, and disability insurance.

• 401(k) plan.

• Employee Stock Purchase Plan.

• Paid time off, including vacation, holidays, and personal days.

• Tuition reimbursement.

• Wellness program.

• Discounts on Stanley Black & Decker tools, products, and partner programs.

• Opportunities for career growth and development.

• Access to a digital learning portal, Lean Academy, and online university.

• Certifications and specializations from esteemed colleges and universities.

• Opportunities for volunteerism, giving back, and engaging in sustainable business practices.