Senior Compensation Analyst - Variable Pay

Penske Truck Leasing; Reading (Berks County); On-site; USD 90,000 - 120,000; Full time

Job summary

Penske Truck Leasing is seeking a Senior Compensation Analyst focused on variable pay to join our Corporate Compensation team in Reading, PA. You will support the Manager Compensation and actively contribute to commission and incentive plans, providing guidance to managers on policy and system support to end users.

Ideal candidate has 4–6 years of compensation experience, strong analytics, and excellent communication skills.

Qualifications

• Bachelor’s degree preferred or relevant compensation experience.
• 4-6 years Compensation experience preferred, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities preferred.
• 3 years HR/Finance Analytics strongly preferred.
• CCP preferred or willingness to obtain within 2 years. PHR and/or SHRM-CP a plus.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.

Responsibilities

• Provide compensation support and consultation to various corporate departments and field locations.
• Lead and process annual plan design and documentation.
• Identify trends and develop recommendations to address any areas of opportunity.
• Assist in audits and reviews to ensure compliance.
• Partner with the compensation team on variable, commission plans for new jobs to determine compensation structure.
• Partner with compensation of jobs and ranges for the organizations compensation program to evaluate internal equity, external competitiveness and legal compliance.
• Deliver training to HR and Managers to educate them on our compensation philosophy, practices and systems.
• Actively participate in projects that impact associate compensation and organizational hierarchy, offer compensation support when necessary.

Skills

Communication skills

Multi-state experience

Variable pay plans

Analytics

Education

Bachelor’s degree or equivalent experience

CCP certification preferred

PHR/SHRM-CP a plus

Job description

Position Summary

Penske’s Corporate Compensation team is growing and is currently seeking a Senior Compensation Analyst focused on variable pay. This role will support the Manager Compensation and will be actively involved in our variable pay programs, including commission, incentive plans. The Senior Compensation Analyst will provide compensation, analysis and consultation to all levels of management and HR Partners. Additionally, this position will provide guidance to managers on commission plan policies and practices to ensure compliance and provide system support to end users when necessary. This position is based in Reading, PA.

Position Summary

Penske’s Corporate Compensation team is growing and is currently seeking a Senior Compensation Analyst focused on variable pay. This role will support the Manager Compensation and will be actively involved in our variable pay programs, including commission, incentive plans. The Senior Compensation Analyst will provide compensation, analysis and consultation to all levels of management and HR Partners. Additionally, this position will provide guidance to managers on commission plan policies and practices to ensure compliance and provide system support to end users when necessary. This position is based in Reading, PA.

Major Responsibilities

• Provide compensation support and consultation to various corporate departments and field locations.
• Lead and process annual plan design and documentation.
• Identify trends and develop recommendations to address any areas of opportunity.
• Assist in audits and reviews to ensure compliance.
• Partner with the compensation team on variable, commission plans for new jobs to determine compensation structure.
• Partner with compensation of jobs and ranges for the organizations compensation program to evaluate internal equity, external competitiveness and legal compliance.
• Deliver training to HR and Managers to educate them on our compensation philosophy, practices and systems.
• Actively participate in projects that impact associate compensation and organizational hierarchy, offer compensation support when necessary.

Qualifications

• Bachelor’s degree preferred or relevant compensation experience.
• 4-6 years Compensation experience preferred, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities preferred.
• 3 years HR/Finance Analytics strongly preferred.
• CCP preferred or willingness to obtain within 2 years. PHR and/or SHRM-CP a plus.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.

Physical Requirements

• The physical and mental demands described here are representative of those that must be met by an associate 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 and/or in written form; remember and analyze certain information; and remember 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 25lbs/12kg.
• Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

Penske is an Equal Opportunity Employer.

About Penske Truck Leasing/Transportation Solutions

Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.