Compensation Manager

Penske Truck Leasing; Reading (Berks County); On-site; USD 110,000 - 140,000; Full time

Job summary

Penske Truck Leasing is seeking a Compensation Manager to oversee day-to-day compensation processes, ensure compliance, and partner with HR business partners at the Reading corporate office in Reading, PA.

This on-site role involves four days of in-office work and one day from home per week, focusing on developing total compensation solutions and leading a team of analysts across PTL and PL business units.

Qualifications

• Bachelor’s degree in a relevant field or equivalent experience.
• 6 years of compensation or related experience, preferably multi-state.
• Experience with variable pay plans, budgeting, structure, and job evaluation methodologies.
• CCP certification required or willingness to obtain within 1–2 years.
• PHR or SHRM-CP certification a plus.
• 3 years of management experience preferred.
• 3 years of HR/Finance Analytics preferred.
• Strong written and verbal communication skills.
• Team leadership and coaching abilities.
• Willingness to travel.

Responsibilities

• Lead and develop a team of compensation analysts.
• Oversee compensation processes for Field and Corporate operations.
• Provide compensation consultation to HR Business Partners.
• Guide salary levels and total compensation solutions.
• Lead job evaluation and market pricing analyses.
• Manage annual budget and structure analyses.
• Provide training on compensation philosophy and systems.

Skills

Team leadership

Communication skills

Compensation experience

Multi-state experience

HR/Finance analytics

Budgeting & structure

Education

Bachelor’s degree or equivalent

Job description

Position Summary

The Compensation Manager is responsible for managing the day-to-day compensation processes within the department with a focus on compliance, customer service, and building relationships with HR business partners. The role supervises and develops a team of compensation analysts supporting PTL and PL business units. The manager provides compensation consultation and guidance to the business to develop total compensation solutions.

This is an on-site position 4 days per week, and 1 day work from home per week, at our Corporate Office in Reading, PA.

Major Responsibilities

• Manage, coach, and develop a team of compensation analysts. Oversee analysts supporting Field and Corporate operations.
• Create an engaged, collaborative environment among analysts and provide continuous coaching and guidance.
• Establish strong working relationships among team members and serve as an escalation point for analysts if needed.
• Consultation to HR Business Partners and Corporate/Field Operations.
• Provide guidance to HR Managers and Corp/Field managers regarding salary levels for associates and develop total compensation solutions.
• Actively participate in HR meetings and offer compensation support, providing advice and recommendations when needed.
• Provide training on compensation philosophy, practices, and systems. Ensure that training is kept up to date and aligns with current policies and regulations.
• Lead compensation processes and/or projects to include the following:
  • Job evaluation and market pricing
  • Annual budget and structure analysis
  • In‑depth compensation analysis including pay fairness and regulatory reviews
  • Large‑scale, company‑wide compensation initiatives
  • International compensation support
  • Other projects assigned by the Director, Compensation

Qualifications

• Bachelor’s degree required or equivalent and relevant compensation experience.
• 6 years of compensation or related experience required, preferably in a multi‑state environment.
• Experience with variable pay plans, budget and structure activities, and job evaluation methodologies required.
• CCP required or willingness to obtain within 1‑2 years of entry. PHR or SHRM‑CP a plus.
• 3 years of management experience strongly preferred.
• 3 years of HR/Finance Analytics strongly preferred.
• Strong written and verbal communication skills.
• Team leadership skills and a desire to help others develop and succeed.
• Customer‑centric and results‑driven.
• Regular, predictable full attendance is an essential function of the job.
• Willingness to travel as necessary.

Physical Requirements

• The physical and mental demands described here are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• The associate will be required to read, communicate verbally or in written form, remember and analyze certain information, and understand certain instructions or guidelines.
• While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25 lbs (12 kg).
• Specific vision abilities required for this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

Penske is an Equal Opportunity Employer.