Compensation Strategy Lead: Pay Programs & Governance

Graybar Electric Company; Chesterfield, Northern (MO, KY); Hybrid; USD 95,000 - 117,000; Full time

Benefits offered by this job

401(k) match

Paid vacation

Paid holidays

Healthcare benefits

Education reimbursement

Job summary

Graybar Electric Company is seeking a Compensation Manager to design, govern, and administer compensation policies aligned with business goals, internal equity, and regulatory requirements. You will own plan development and ensure market competitiveness.

The role emphasizes data-driven analyses, executive reporting, and collaboration with Legal and Finance. Office-based in Chesterfield, MO with standard benefits and incentive eligibility.

Qualifications

• Minimum of 8 years of progressive Human Resources or compensation experience.
• Four-year degree in Human Resources, Business, Finance, or a related field.
• Certified Compensation Professional (CCP) preferred.
• Experience supporting Compensation Committee or Board-level materials preferred.
• Experience developing compensation models, salary structures, incentive plans, and pay governance frameworks preferred.
• Knowledge of compensation-related government compliance and regulations.
• Knowledge of compensation plan structure and design principles.
• Knowledge of quantitative analysis, financial modeling, and data interpretation techniques.
• Knowledge of HR systems and Microsoft Office applications, with strong proficiency in Excel.

Responsibilities

• Manage compensation plan practices, policies, processes, and system data to support accuracy, integrity, consistency, and compliance.
• Oversee the design, implementation, administration, and evaluation of compensation programs and recommend changes to ensure alignment with Company objectives and compensation philosophy.
• Develop and lead compensation analyses, workforce models, and recommendations that support compensation strategy, program design, business objectives, and Compensation Committee decision-making.
• Serve as the organization's primary compensation expert, overseeing compensation structures, incentives, commissions, job evaluation, and pay practices while ensuring consistent application of the Company's compensation philosophy, internal equity, market competitiveness, and compliance requirements.
• Prepare materials for Compensation Committee of the Board of Directors, including summaries of current program design, market positioning, business considerations, and proposed changes.
• Review and analyze merit increase proposals, promotional increases, market adjustments, and related recommendations to ensure consistency with market data, budget parameters, and the Company's compensation philosophy.
• Review executive compensation data and partner with Legal to finalize reporting for the Compensation Discussion and Analysis section of the annual Information Statement.
• Establish and maintain routine audits of compensation policies, practices, plan eligibility, and system data, and provide relevant summaries, metrics, and recommendations to management.
• Oversee the development of manager tools, training resources, educational materials, and process documentation related to pay practices, salary ranges, job descriptions, incentive plans, and management responsibilities.
• Oversee participation in, submission of, and analysis of salary surveys and recommend updates to compensation policies, structures, and practices as appropriate.

Skills

Compensation strategy

Data analysis

Excel proficiency

HR systems

Leadership

Communication skills

Project management

Stakeholder management

Education

Bachelor's degree in HR, Business, Finance, or related field

Certified Compensation Professional (CCP)

Tools

Microsoft Office

Job description

Graybar Electric Company is seeking a Compensation Manager to design, govern, and administer compensation policies aligned with business goals, internal equity, and regulatory requirements. You will own plan development and ensure market competitiveness.

The role emphasizes data-driven analyses, executive reporting, and collaboration with Legal and Finance. Office-based in Chesterfield, MO with standard benefits and incentive eligibility.