Lowes

Compensation

Full Description

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. Innovate Remotely This position is fully remote, allowing you to enjoy the flexibility of working from home while collaborating with skilled team members and contributing to groundbreaking solutions Your Impact The primary purpose of this role is to assist with the design, development, and administration of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate associates to ensure market competitiveness and internal equity. This also includes responsibility for continuous process improvement in the use of existing compensation technology and development of improved methods. This role is critical to Lowe's as many of the work activities affect employee engagement, retention, and the long-term success of Lowe's. What You Will Do • Evaluates market data/trends and conducts analyses to determine the competitiveness of Lowe’s compensation programs, and makes recommendations accordingly • Performs analysis, modeling, and calculations for annual bonuses, incentive programs and other ad hoc data requests • Assists with the preparation of policy documentation and recommends clarification to policy issues • Facilitates and processes increases for compensation events, such as annual merit increases, wage increases, step increases, etc. • Reviews information coming back from the field to ensure its accuracy • Communicates various store, distribution center or corporate incentive awards via reports, meetings, emails, online systems, etc. • Serves as a tactical SME on assigned programs and processes at a granular • Participates in compensation surveys, completing and maintaining job documentation and performing job analysis • Conducts job evaluation and reviews new and/or existing roles (i.e., ranking, factor comparison, points method, etc.) • Ensures compliance with all federal, state, and regulatory standards and laws governing the compensation programs • Works closely with other groups (Accounting, Finance, Employee & Corporate Communications, etc.) in order to ensure Lowe’s compensation strategy is executed seamlessly. • Ability to maintain confidentiality around all different types of personal employee information. Minimum Qualifications • Bachelor’s degree Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field or equivalent years of experience in lieu of education requirement, if applicable • 5 Years Experience in Compensation. Knowledge of Lowe's stores and corporate processes. Experience evaluating job grades • 3 Years Experience in Microsoft Excel, database analytics, and financial analysis. Experience working in a compensation environment. Excellent verbal and written communication skills. Ability to learn software platforms quickly. Experience dealing with confidential information. Preferred Skills/Education • Master’s degree Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field • Certified Compensation Professional designation. Pay Range: $72,400.00 - $120,900.00 annually Starting 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 hourly remote associates cannot reside in Alaska, California or Hawaii. Lowe's salaried remote associates cannot reside in Alaska or Hawaii. 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.