Compensation Consultant

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Position Purpose

Sleep Number is seeking an experienced Compensation professional who is looking to make an impact in a fast paced, innovative organization. This position will play a role in further developing Sleep Number's compensation strategy in order to attract, retain and motivate team members while supporting business initiatives.

Primary Responsibilities

  • Provide expertise and guidance to business leaders and Human Resources Business Partners on a range of day-to-day compensation topics, including market analysis for new positions and promotions, and staying ahead of retention issues. 
  • Develop insightful and impactful modeling and reporting to enable data supported recommendations and decisions.
  • Bring industry experience and a point of view to drive process improvement.
  • Produce workforce analytics and proactively identify trends that are affecting the business.
  • Collaborate with Sales leadership, Home Delivery, and Headquarters leaders on compensation plan revisions to drive improved business results.
  • Participate in compensation surveys to collect and analyze competitive salary data utilizing Market Pay.
  • Collaborate and provide analysis/recommendations on compensation strategy for the company through compensation owned projects.
  • Participate in compensation owned workday processes and administration.

Key Performance Indicators

  • Successful completion of annual merit processes
  • Accurate and timely variable pay calculations and accruals
  • Ensure compensation programs align with the company’s philosophy
  • Generation of workforce analytics and reporting of insights
  • Analysis and reporting completed to make informed business decisions
  • Accuracy in the work

PositionRequirements

  • 7+ years Human Resources, Finance, General Business and/or Compensation experience
  • 4 year college degree or equivalent
  • Proven experience acting as a subject matter expert to the business
  • Advanced level Excel skills
  • Knowledgeable in compensation best practices
  • Experience with Compensation Management Platforms
  • Adept at understanding complex concepts and situations presented by the business
  • Demonstrated ability to partner and collaborate across teams
  • Demonstrated ability to manage change, multiple priorities, and meet deadlines
  • Excellent written and verbal communication
Job ID R8338
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Sophia, Customer Service Representative

“Sleep is integral to a happy healthy lifestyle and it has such a huge impact on everyday life. Sleep Number is a unique company to work for because you’re truly helping people.”

Sophia, Customer Service Representative

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  • Human Resources, Minneapolis, Minnesota, United StatesRemove