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Compensation Consultant Fulltime
Unlock new opportunities at Lowe’s! Join us in managing and shaping competitive compensation programs for our employees, driving engagement and success. Lead strategic initiatives, mentor team members, and collaborate with industry experts. Elevate your career with Lowe’s and make an impact today! Apply now and embark on this exciting journey with us.
Summarize by CVGorilla
Expand your career possibilities.Thank you for dedicating your time and talent to Lowe’s. We want to give you more opportunities to learn and grow, so if you find a position you’re interested in below, we encourage you to apply!Find Your Home to More Possibilities.PURPOSE OF ROLEThe primary purpose of this role is to manage the full lifecycle of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate employees in order to ensure competitiveness to market. This includes responsibility for defining metrics, creating plan documents, working with accounting on forecasting/accruals, communicating plan documents, and calculating pay. This role is critical to Lowe’s as it gives guidance, direction, and advice on many of the work activities affecting employee engagement, retention, and the long-term success of Lowe’s.RESPONSIBILITY STATEMENTS• Implements Lowe’s compensation strategy so that outcomes meet current and future business needs and are consistent with Lowe’s desired internal and external market position• Develops a robust point of view on how to overcome challenges with streamlining programs or make them more efficient• Synthesizes higher level information into more practical terms to translate value from an Enterprise perspective• Design and implement compensation programs to meet objectives with regard to internal equity and external market competitiveness• Manages relationships with consultants and suppliers to ensure satisfactory standards of service• Ensures programs are implemented effectively, within established budgets and complies with all relevant regulations, laws and employment standards• Serves as a backup to Director roles and represents Lowe’s at external conferences• Mentors junior team members by openly sharing information, advice, and expertise to solve business problemsRequired Education and Experience• Bachelor’s Degree in Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis, or related field• 6 years of experience in Compensation in a retail corporate environment. Excellent verbal and written communication skills. Experience dealing with confidential information. Experience training/mentoring individual team members.Preferred Education and Experience• Master’s Degree in Business, Human Resources, Accounting, or related field• 7-8 years of experience working in a compensation environment. Knowledge of Lowe’s stores and corporate processes. Certified Compensation Professional (CCP) designation. Experience managing others in a team environment.About Lowe’sLowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.Pay Range for CA, CO, HI, NJ, NY, WA: $95,500.00 – $159,200.00 annuallyStarting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit our benefits page.Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
