Compensation Manager

SESHRM; Sioux Falls, Northern (SD, KY); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical benefits

Dental and vision coverage

Paid Time Off

401(k) matching

Wellness program

Volunteer hours

Job summary

Premier Bankcard is seeking a Compensation Manager in Sioux Falls, SD. The role leads compensation programs, conducts market pricing, and administers pay programs with Workday and HRIS systems.

Responsibilities include advising managers on pay decisions, developing salary structures, and ensuring regulatory compliance while supporting ongoing compensation initiatives and data integrity across the organization.

Qualifications

• Bachelor’s degree in Business, Human Resources or related field.
• 6+ years of progressive HR experience preferred.
• SHRM-CP or SHRM-SCP and/or Certified Compensation Professional credentials preferred.
• Experience with HRIS systems; Workday experience preferred.

Responsibilities

• Lead the compensation strategy and programs, including base pay, incentives, and performance management.
• Provide consultation to managers on pay decisions and job evaluations.
• Administer compensation practices using Workday and other HRIS tools.
• Conduct market pricing analysis and salary surveys to ensure external competitiveness.
• Develop salary structures, pay grades, and incentive plan designs.
• Ensure compliance with applicable compensation laws and regulations.

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

Essential duties and responsibilities include the following.

• 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, affirmative action and other required regulations.
• 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
• 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.

We Value People At PREMIER you get more than a paycheck, you get a rewarding career where you can make a difference!

Headquartered in Sioux Falls, South Dakota, First PREMIER Bank and PREMIER Bankcard are considered one of the nation’s strongest financial organizations. We have achieved this success thanks to our commitment to always doing what is right for our employees, customers and the communities we serve. We value people and treat our employees as our greatest resource. We actively invest in their professional growth and development, make a strong effort to recognize achievement and take the time to celebrate success.

Spirit of Giving Back. Giving back to our communities is at the heart of PREMIER. We support nearly 700 organizations, non-profits and events. Paid volunteer hours encourage PREMIER employees to get involved in the community. Our employees annually volunteer an average of 33,000 hours for causes important to them.

The PREMIER Way

Our spirit of giving is rooted in The PREMIER Way and the PREMIER Attitude. These shared views and values guide our interactions with each other, our customers and our communities. It’s the foundation of our culture and makes PREMIER a great place to work.

Learn More

PREMIER Benefits

PREMIER employees who work 20+ hours per week are eligible for full-time benefits, including medical coverage with free vision and dental insurance. We offer expanded Paid Time Off and a highly competitive 401(k) plan that features a dollar-for-dollar company match after 120 days of employment. Employees can experience personal and professional growth through PREMIER University. It offers skill-based training, leadership classes and inspirational national speakers.

PREMIER Wellness

PREMIER Wellness unifies physical and mental health, financial wellness and community giving under one program designed to help employees find optimal work/life wellbeing. Through our Employee Assistance Program, employees have access to free counseling sessions, online resources and legal support. Community Giving offers our employees purpose-driven, meaningful opportunities where they know they are making a difference.

Celebrating Success

Recognizing and rewarding success is an important part of the PREMIER culture. We celebrate and show our appreciation with private concerts and special events. We’ve also celebrated with surprise gifts, cash/car giveaways, Apple watches, wireless earbuds and more! At quarterly staff meetings, employees who have gone above and beyond in their job or in their community are awarded a PREMIER Performer or PREMIER Eagle Service Award. Employees celebrating 20, 25, 30, 35, 40, 45 and 50 year Milestone Anniversaries receive $1,000 for every year they have worked with PREMIER.