Compensation Analyst IV - The Toro Company

Who Are We?   

The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and an average employee tenure of 15 years, come find out what makes The Toro Company the best place in the Twin Cities to build a career. 

Analyzes, designs and administers compensation programs such as base pay, long and short-term incentives and one-time payments that align with company objectives. Designs and communicates pay structures, job profile grades, compensation budgets and guidelines. Provides thought leadership and strategic advice to create solutions that align compensation policies with business needs to support the attraction and retention of employees. Conducts research and analysis on market competitiveness, compensation trends and regulatory requirements.

What Will You Do?  

In order to grow and build a successful career with The Toro Company, you will be responsible for:  ​​​​

• Partner closely with Human Resources Business Partners and key stakeholders to consult on global compensation needs and initiatives.
• Lead and support the development, execution, communication and implementation of compensation programs and policies.
• Perform job evaluations using internal and external data to assign appropriate job grade.
• Conduct in depth analysis on job families in partnership with HR and business leaders.
• Provide high-level strategic insights on complex and challenging compensation situations.
• Manage annual compensation processes to include merit planning, budget development salary surveys, market analysis and incentive plan administration.
• Ensure compensation programs and policies comply with regulatory and legal requirements.
• Provide executive compensation support.
• Lead and drive compensation-related projects from inception through execution.
• Operate independently in high-responsibility tasks, occasionally serve in a team lead capacity.

What Do You Need?  

To be considered for this role, an individual should meet the following minimal requirements:  ​

• Bachelor’s degree in relevant field (HR, Business, Finance or related field)
• 7+ years of broad compensation experience required with a strong track record in designing and implementing compensation strategies
• Excellent communication skills, both verbal and written, with strong analytical and quantitative abilities
• Expertise in compensation theory, program design and understanding of regulatory requirements
• Highly organized and adaptable with a demonstrated ability to lead
• Demonstrated critical thinking, listening and problem-solving ability; understands broader implications of decisions
• Certified Compensation Professional (CCP) designation preferred
• Previous experience working with Workday and CompAnalyst preferred
• Design and administration of incentive and sales plans preferred

What Can We Give You?   

At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits - The Toro company offers employees at our Bloomington, MN HQ location a variety of perks, including:  

Dress for your day - We know you're more productive when you're comfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.  

Location – Conveniently located near both St. Paul and Minneapolis, we are centrally located for most commuters!  

Food - Take advantage of our onsite café, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.  

Wellness - The Toro Company’s HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees.  

Volunteerism - The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community.  

Summer Hours – Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday.  

Flexible Work Arrangements – This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time, has promoted team-building and flexibility. ​#LI-Hybrid​ 

Competitive Salary – The pay range takes into account skills, experience, education, and location. Cash compensation is one piece of our competitive total rewards package. If you need to, you can access your pay early with the One@Work app, formerly the Even app. 

At The Toro Company, we are committed to fostering a secure and trustworthy recruitment process for our applicants. Recruitment fraud is a potential threat to job seekers, so please be aware that throughout our recruitment process, you’ll never be required to pay any fees or disclose personal financial details when applying to TTC opportunities.  

We are proud to be an Equal Opportunity Employer and consider qualified applicants without regard to race, color, religion, sex (including pregnancy and related needs and conditions, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), political affiliation, military service, or other non-merit based factors. We are committed to creating an inclusive environment for all employees.