Compensation Manager

First PREMIER Bank/PREMIER Bankcard; Sioux Falls (SD); On-site; USD 85,000 - 135,000; Full time

Benefits offered by this job

Full medical benefits

401(k) matching up to 5%

Paid time off

Employee wellness programs

Dental and vision coverage

Volunteer hours

Competitive benefits package

Career advancement opportunities

Casual company celebrations

Job summary

First PREMIER Bank and PREMIER Bankcard are seeking a Compensation Manager to lead compensation planning, policy development, and program implementation in support of our nationwide operations. The role focuses on base pay, incentive design, and performance management programs while ensuring compliance with government regulations and internal practices.

You will collaborate with department leaders to evaluate pay decisions, perform market pricing, and manage Workday HCM activities.

Qualifications

• Bachelor’s degree in Business, Human Resources or related field preferred.
• 6+ years of HR experience with progressive responsibilities; managerial experience desired.
• SHRM-CP or SHRM-SCP and certified compensation credentials preferred.
• Experience with HRIS systems; Workday preferred.

Responsibilities

• Develop and manage the compensation strategy and programs in alignment with company philosophy.
• Partner with managers to evaluate pay decisions, policy interpretations and job evaluations.
• Administer and optimize HCM systems (Workday) including configuration, reporting and maintenance.
• Lead salary surveys and market pricing analyses to ensure competitive compensation.
• Develop salary structures, incentive plans and related analyses for consistency and competitiveness.
• Ensure compliance with federal, state, and local compensation laws and reporting.
• Provide guidance on compensation-related projects and initiatives across the organization.
• Maintain data quality for key compensation decisions and reporting.

Skills

Communication

Total rewards

Market pricing

Job evaluation

Analytical

Data visualization

Microsoft Office

Attention to detail

Organization

Workday

Education

Bachelor's degree in Business HR related field

6+ years HR experience

SHRM-CP or SHRM-SCP preferred

Workday HRIS experience preferred

Tools

Workday

Job description

At First PREMIER Bank and PREMIER Bankcard, we’ve created a culture that emphasizes personal success, respect, health, and wellness, fun and giving back. This is an environment where you will be rewarded, valued, and celebrated for your hard work.

We offer a robust and expanded package of health benefits, incentives, paid time off and growth and career advancement opportunities. We celebrate our employees and show our appreciation with private concerts, outdoor bashes, cash and car giveaways and more! See some of our epic celebrations and employee recognitions.

Considered one of the nation’s strongest financial organizations, we’ve achieved our success by embodying the views and values of The PREMIER Way. From our CEOs to the newest hires, we all follow these shared views and values to guide us on how to treat our customers, co-workers and communities. The PREMIER Way also serves as a roadmap on how to be successful inside and outside of the workplace. We believe in investing in our employees, their families and our communities.

Job Description

Location: Sioux Falls, SD

Shift: M-F 8am-5pm

Job Status: Full-Time

Company: PREMIER Bankcard

About The Role

The Compensation Manager is responsible for managing the compensation function for First PREMIER Bank and PREMIER Bankcard. This role is responsible for planning, developing, and implementing new and existing compensation programs, policies, and procedures to align with PREMIER’s compensation philosophy. This position is also responsible for ensuring that company compensation programs are consistently administered and identify additional best practices in compliance with government regulations and company practice.

Job Duties And Responsibilities

• Implements and is responsible for the compensation strategy by researching best practices and trends and perform analysis on effectiveness, competitiveness, and perceived value that ensures base pay, incentive pay, and performance management programs.
• Monitors the effectiveness of existing compensation practices and recommends changes that are cost-effective and consistent with compensation trends and corporate objectives.
• Provides consultation to department managers on pay decisions, policy interpretations, and job evaluations.
• Responsible for HCM (Workday) administration by partnering with internal and external HR functional groups to evaluate compensation HCM needs, development, configuration, implementation, support, and maintenance to meet changing demands and provide reporting data efficiently and timely.
• Administers compensation functions including salary survey participation and conducts market pricing analysis.
• Lead job evaluations, assignment of job code and pay grade, salary structure development, incentive plan design, and associated analysis.
• Maintain high-quality and consistent data that will be used across the company for key business decisions
• Ensures compliance with federal, state, and local compensation laws and regulations. Prepare regulatory reporting for EEO, Affi…
• Acts as a subject matter expert with compensation initiatives, related projects and processes for the organization.
• Evaluate external competitiveness and recommend salary range adjustments. Monitor labor market trends and emerging compensation practices.
• Conduct tasks in a manner that complies with all consumer protection regulations and treats consumers fairly.
• Interviews, hires, and trains new staff. Provides constructive and timely performance reviews. Handles discipline and termination of employees in accordance with company policy.

Skills And Qualifications

• Excellent communication (verbal, written, presentation, interpersonal) with a high demonstrated standard of excellent customer service skills.
• Advanced compensation and total rewards knowledge
• Market pricing and compensation survey expertise
• Job evaluation and job architecture experience
• Strong analytical and quantitative capabilities
• Data visualization and reporting skills
• Ability to work under pressure and deadlines with high accountability.
• Strong PC skills; Microsoft Office (Word, Excel, PowerPoint, and Outlook).
• Detail oriented, ability to produce accurate and timely results.
• Strong organizational skills with the ability to manage multiple tasks/projects with competing priorities/deadlines.
• Bachelor’s degree in Business, Human Resources or related field is preferred.
• 6 + years of Human Resources experience of progressive related experience is preferred. Prior managerial or supervisory experience is highly desired.
• SHRM Certified Professional (SHRM-CP) or Senior Certified Professional (SHRM-SCP) and certified compensation professional credentials preferred.
• Prior experience with HRIS system experience; preferred experience with Workday.

Competitive Benefits Package

• Full medical benefits when working 20+ hours per week
• Traditional and High-Deductible health plan options available
• FREE dental and vision coverage
• Generous Paid Time Off plans
• 401(k) – dollar-for-dollar match up to 5% of total compensation
• Special discounts and offers for events at the Denny Sanford PREMIER Center
• PREMIER Wellness Program
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• Paid Community Volunteer Hours – PREMIER averages 30,000 hours per year
• Fun Employee Parties

Our Culture

• Emphasis on personal success, respect, health, wellness, fun and giving back
• Employees are rewarded, valued, and celebrated for hard work
• Various Career advancement opportunities and growth
• Appreciation is shown through concerts, outdoor bashes, cash, car giveaways and more