Compensation Lead - Executive Compensation
About The Position
Lennox (NYSE: LII) Driven by 130 years of legacy, HVAC and refrigeration success, Lennox provides our residential and commercial customers with industry-leading climate-control solutions. At Lennox, we win as a team, aiming for excellence and delivering innovative, sustainable products and services. Our culture guides us and creates a workplace where all employees feel heard and welcomed. Lennox is a global community that values each team member’s contributions and offers a supportive environment for career development. Come, stay, and grow with us. Under general direction, responsible for the management, development and implementation of compensation programs. Provides consultative support to business leaders and HR Business Partners regarding compensation matters. Conducts research, analyzes data and prepares recommendations using compensation techniques, methods and practices. Serves as primary compensation consultant to HR Business Partners in providing advice, direction and guidance on complex compensation matters. Responsible for the end-to-end program management of Lennox’s annual compensation planning cycle to include the design, development, implementation and on-going enhancements of the programs. Assist in the development and upkeep of domestic and international salaried pay and career structures, as well as hourly wage structures. Applies advanced knowledge of compensation strategy to solve complex problems and develop original solutions. Conducts rigorous analysis of multiple and complex data sources to create various compensation models. Recommends, conducts and participates in assigned salary surveys in order to understand competitive compensation levels, as well as ensure equitable compensation across the company. Develop and deliver compensation related communications. Collaborate with IT in the design and on-going enhancements of the Lennox’s HR compensation systems. Plans, executes and leads compensation team projects requiring analysis of factors that cross organizational lines and impact multiple organizational units. Participate in compensation surveys and industry survey groups to improve competitive pay levels within the organization. Review new and revised jobs for appropriate internal career mapping and pay level; maintain compliance with relevant regulations. Audit employee data to ensure consistent application of policies and compliance with regulations. Assist in the maintenance of the job description database ensuring consistency with career framework and related systems.
Requirements
- Requires a bachelor degree or equivalent combination of education and experience.
- Requires at least 8 years of compensation experience.
- Possess project management experience in the area of human resource programs.
- Demonstrated skills in the area of consulting and influencing, as well as strong verbal and written communications.
- Ability to comprehend, analyze and interpret complex problems and offer solutions.
- Strong mathematical aptitude and analytical skills required, with exceptional logical thought processes and deductive reasoning ability.
- Strong Microsoft Excel skills including the ability to analyze data and create meaningful information.
- Working knowledge of Microsoft PowerPoint.
Nice To Haves
- Degree in Business Management or Human Resource Management preferred.
- Certified Compensation Professional (CCP) designation a plus.
Responsibilities
- Management, development and implementation of compensation programs
- Provides consultative support to business leaders and HR Business Partners regarding compensation matters
- Conducts research, analyzes data and prepares recommendations using compensation techniques, methods and practices
- Serves as primary compensation consultant to HR Business Partners in providing advice, direction and guidance on complex compensation matters
- Responsible for the end-to-end program management of Lennox’s annual compensation planning cycle to include the design, development, implementation and on-going enhancements of the programs
- Assist in the development and upkeep of domestic and international salaried pay and career structures, as well as hourly wage structures
- Applies advanced knowledge of compensation strategy to solve complex problems and develop original solutions
- Conducts rigorous analysis of multiple and complex data sources to create various compensation models
- Recommends, conducts and participates in assigned salary surveys in order to understand competitive compensation levels, as well as ensure equitable compensation across the company
- Develop and deliver compensation related communications
- Collaborate with IT in the design and on-going enhancements of the Lennox’s HR compensation systems
- Plans, executes and leads compensation team projects requiring analysis of factors that cross organizational lines and impact multiple organizational units
- Participate in compensation surveys and industry survey groups to improve competitive pay levels within the organization
- Review new and revised jobs for appropriate internal career mapping and pay level; maintain compliance with relevant regulations
- Audit employee data to ensure consistent application of policies and compliance with regulations
- Assist in the maintenance of the job description database ensuring consistency with career framework and related systems
Benefits
- tuition reimbursement
- medical, dental, and vision insurance
- prescription drug coverage
- 401(k) retirement plan
- short-term disability insurance
- 8 weeks paid birthing leave
- 2 weeks paid bonding leave
- life and long-term disability insurance
- 12 days paid time off
- 2 paid well-being days
- 1 paid volunteer day
- 12 paid holidays
- 3 floating holidays per year
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
