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Manager, Compensation

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L'Oréal

1mo ago

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
  • Berkeley Heights

AI generated summary

  • You need a degree in HR or related field, 5+ years in compensation, strong analytical and communication skills, and the ability to manage sensitive situations in a fast-paced environment.
  • You will guide compensation strategies, analyze data, manage LTI plans, conduct market analyses, ensure process consistency, and communicate initiatives with stakeholders while maintaining data accuracy.

Requirements

  • Bachelor’s/master’s degree in human resources /Analytics or related field required.
  • Minimum 5 years of proven Compensation experience
  • Demonstrated leadership, communication (written/verbal), negotiation, and presentation skills.
  • Well-developed interpersonal skills to build strong work relationships with all levels of the organization. Strong customer service focus. Must display executive maturity and manage emotions during periods of ambiguity, pressure, and uncertainty.
  • Strong analytical and creative problem-solving skills. Ability to turn insights to action, and offer credible and clear counsel and presentations to decision makers in HR and others. A core of strong mathematical and compensation analytical skills.
  • Strong organizational skills with the ability to prioritize, handle multiple tasks, and work independently in a fast paced and complex environment. Resourcefulness is key.
  • Ability to manage sensitive and confidential situations with attention to detail, tact, professionalism, and diplomacy.
  • Sense of urgency and service orientation with high degree of flexibility and responsiveness.
  • Working understanding of human resource principles, practices, and procedures with a strong curiosity in HR and understanding of HR disciplines such as change management, organizational design, talent management, training design, employment law, etc.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Ability to function well in a high-paced environment.
  • Strong PC skills including Microsoft Word, Excel, PowerPoint, and Outlook. Some experience with an HRIS tool.
  • Proficient with or the ability to quickly learn the organization’s HRIS and similar employee management software.

Responsibilities

  • Serve as trusted advisor to HR and business leaders guiding compensation strategies
  • Evaluate complex compensation situations and provide recommendations that balance internal/external competitiveness with financial constraints
  • Responsible for the analytics, design, execution of the company’s LTI plans:
  • Administer all LTI plans including benchmarking as needed, interpret and review rules and manage all approvals
  • Manage relationships with all stakeholders, including Finance HR, Payroll.
  • Support payroll tax management and reporting
  • Manage executive compensation, including preparing analytical summaries to senior leaders
  • Support ongoing internal pay reviews and ongoing analytics
  • Analyze data from market surveys and other sources to develop pay recommendations as well as executive summaries
  • Conduct market analyses using multiple large surveys to create and update salary structures.
  • Prepare summaries to illustrate results from merit, bonus and equity planning.
  • Manage job evaluations and global grading initiatives and processes to ensure all jobs are graded and consistent across business units, functions
  • Analyze data and market trends from market surveys and other sources and recommend changes and updates to pay structures
  • Proactively identify gaps in processes/compensation and partner with the right stakeholders to ensure a best-in-class compensation function
  • Lead the rollout of new compensation initiatives, ensuring clear communication with stakeholders
  • Assist with the preparation and delivery of training sessions for HR, Business Leaders, Managers, and employees to promote understanding of all compensation plans
  • Manage Market pricing tool
  • Ensure data accuracy of compensation related data including maintenance of job code structure in One Profile

FAQs

What is the job title for this position?

The job title is Manager, Compensation & Analytics.

Where is the location for this position?

The location for this position is Berkeley Heights, NJ.

Who does this position report to?

This position reports to the Head of Compensation.

What type of degree is required for this role?

A bachelor's/master's degree in human resources, analytics, or a related field is required.

How many years of compensation experience are necessary for this position?

A minimum of 5 years of proven Compensation experience is necessary.

What kind of work environment does this position offer?

This position offers a hybrid work policy with 3 days in the office and 2 days of work from home.

What are some of the key responsibilities of the Compensation Manager?

Key responsibilities include guiding compensation strategies, managing long-term incentive plans, conducting market analyses, preparing executive summaries, and ensuring data accuracy of compensation-related data.

Are there training opportunities available for this role?

Yes, there are learning and development opportunities including unlimited access to e-learnings, lunch and learn sessions, and mentorship programs.

Is there a focus on employee wellness in the company's culture?

Yes, wellness is at the core of the culture at L'Oréal, with access to mental health and wellness programs.

Does L'Oréal encourage diverse candidates to apply?

Yes, L'Oréal is dedicated to building a diverse, inclusive, and innovative workplace and encourages all candidates to apply even if they do not meet every single requirement.

What benefits are offered in this role?

A competitive benefits package is offered, including medical, dental, vision, 401K, pension plan, and flexible time off among others.

How can individuals with disabilities request accommodations for the application process?

Individuals with disabilities can request reasonable accommodations by contacting USApplicationAccommodation@support.lorealusa.com if they are unable or limited in their ability to access job openings or apply for a job on this site.

How does L'Oréal prioritize employee safety?

Employee safety is a top priority, with enhanced protection standards in place to ensure safe working conditions for all employees.

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L'Oréal

Retail & Consumer Goods
Industry
10,001+
Employees
1909
Founded Year

Mission & Purpose

L'Oréal is a multinational beauty and cosmetics company that operates in various segments of the beauty industry, including skincare, haircare, makeup, and fragrance. They offer a wide range of beauty products and solutions through their diverse portfolio of brands. L'Oréal's ultimate mission is to provide innovative and superior beauty products that cater to the diverse needs and desires of individuals worldwide. Their purpose is to enhance people's lives through beauty, empowering individuals to express themselves, boost their confidence, and embrace their unique identities. L'Oréal aims to combine science, research, and creativity to deliver high-quality and sustainable beauty solutions that promote inclusivity, diversity, and self-expression. By continuously innovating and staying at the forefront of the industry, L'Oréal strives to shape the future of beauty and contribute to the well-being and self-esteem of consumers globally.