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Love's Travel Stops · 22 hours ago

Manager of Compensation

Oklahoma City, OK

Full-time

Onsite

Senior Level

7+ years exp

Love's Travel Stops is a family-owned and operated business headquartered in Oklahoma City, known for fueling customers' journeys since 1964. The Compensation Manager plays a critical role in leading the design, development, and administration of all compensation programs across the organization to ensure they are competitive, equitable, and aligned with business objectives.

Responsibilities

This is a highly collaborative position which works closely with HR business partners, business leaders and executives to ensure the company’s compensation strategy, programs and policies efficiently meet the needs of the business, while adding a high level of quality and financial value

Recommends and implements compensation policies, procedures and processes which result in pay programs that are cost effective and meet the needs of the company, including base and variable pay plans, and long-term incentive plans

Acts as an internal consultant for the business, providing guidance and forecasting compensation, including competitive pay strategies, salary increase practices, bonus and commission structures, pay for performance plans, compensation philosophy, and total compensation approaches

Lead the design, modeling and administration of executive compensation programs, including base salary, short-term incentives, and long-term incentives

Design and manage sales incentive programs that align with business performance metrics

Provides appropriate benchmarking and data analytics for compensation plans to be utilized internally and as efficiently as possible

Manages vendor relationships and the company’s participation in salary and variable compensation surveys to ensure that data collected and reported represent current competitive market levels for the various lines of business

Implements and monitors the effectiveness of existing compensation policies, guidelines and procedures recommending plan revisions as well as new plans that are cost effective and consistent with compensation trends to meet company goals and objectives

Act as a trusted advisor on pay decisions, policy and guideline interpretation and job evaluation, including the design of creative solutions to specific compensation-related programs

Provides leadership and direction to the compensation team, ensuring alignment with business strategy and fostering continuous development of team capabilities

Manages the implementation and enhancements of compensation module to existing HRIS systems including establishing and maintaining compensation structures, job families/leveling and pay bands across the company

Manages annual compensation cycles including budget guidelines, changes in compensation policies or practices, incentive plan schedules, processes, communication, training and reporting results

Ability to navigate complex organizational structures and influence senior stakeholders

Qualification

Compensation program designExecutive compensation managementData analytics toolsHRIS systems managementMarket data interpretationStrategic thinkingAnalytical skillsFinancial acumenExcel skillsLeadership skillsCommunication skillsProject managementInterpersonal skillsPresentation skillsOrganizational skillsNegotiation skills

Required

Bachelor's degree required

Minimum 7 years of progressive compensation experience in a large, complex, multi-state or global organization

Experience managing executive compensation programs

Experience with compensation and variable pay modules, preferably with SuccessFactors

Experience with data tools (e.g., Tableau, Power BI) and advanced HR analytics platforms

Experience with external market analysis and thorough understanding of market data interpretation

A strong understanding of monitoring and measuring compensation strategy effectiveness

Excellent verbal and written communication, negotiation and leadership attributes enabling effective direction, facilitation, communication and cooperation with all levels of the organization

Strong strategic thinking and planning skills

Strong understanding of executive compensation framework, equity vehicles, and performance-based pay structures

Experience preparing materials for senior leadership-level audiences

Excellent analytical skills to interpret survey data and provide cost projections for various initiatives

Demonstrate advanced people and project management skills

Excellent interpersonal and presentation skills

Effectively manage concurrent deadlines and multiple priorities

Strong leadership, organizational skills and ability to prioritize multiple tasks

Have a broad business perspective with sound business judgment and financial acumen

Advanced Excel skills

Experience with HRIS and compensation systems (e.g., Workday, SAP, or similar)