Top Compensation Executive leads an organization's compensation department. Champions timely and robust data collection and analysis processes that support research and market, pay equity, and other compensation studies. Being a Top Compensation Executive is responsible for leading the strategic planning of compensation and equity programs, ensuring those programs align with organizational goals, initiatives, and budgets. Ensures proper collection and analysis of compensation data, including surveys, market research and analysis, and pay equity. Additionally, Top Compensation Executive keeps abreast of regulatory, market, and practice changes and trends. Requires a bachelor's degree. May require a Certified Compensation Professional (CCP) certification. Typically reports to top management. The Top Compensation Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Compensation Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
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PURPOSE OF ROLE
The 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
Required Education and Experience
Preferred Education and Experience
About Lowe’s
Lowe’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.
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