The Role
Manage and develop a team of compensation analysts; provide compensation consultation to HR business partners and managers; lead job evaluation, market pricing, pay fairness and regulatory reviews; drive annual budget/structure analysis and company-wide compensation initiatives, including international support; serve as escalation point and deliver training on compensation philosophy and systems.
Summary Generated by Built In
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. Supervise and develop a team of compensation analysts supporting PTL and PL business units. Provide 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 team of compensation analysts. Oversee analysts supporting Field and Corporate operations.
o Create an engaged, collaborate environment among analysts and provide continuous coaching and guidance.
o Establish strong working relationships among team and serve as an escalation point for analysts if needed.
• Consultation to HR Business Partners and Corporate/Field Operations
o Provide guidance to HR Managers and Corp/Field managers regarding salary levels for associates and develop total compensation solutions.
o Actively participate in HR meetings and offer compensation support. This includes providing compensation advice and recommendations when needed.
o 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:
o Job evaluation and market pricing
o Annual budget and structure analysis
o In depth compensation analysis including pay fairness and regulatory reviews
o Large scale, company-wide compensation initiatives
o International compensation support
• Other projects as assigned by the Director, Compensation
Qualifications:
• Bachelor’s degree required or must have equivalent and relevant compensation experience.
• 6 years 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 entering the role. PHR or SHRM-CP a plus.
• 3 years management experience strongly preferred.
• 3 years HR/Finance Analytics strongly preferred.
• Internal Penske field experience a plus.
• 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, work the required schedule, work at the specific location required, complete Penske employment application, submit to a background investigation (to include past employment, education, and criminal history) and drug screening are required.
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.
Skills Required
- Bachelor's degree or equivalent relevant compensation experience
- 6 years compensation or related experience (multi-state environment preferred)
- Experience with variable pay plans
- Experience with budget and structure activities
- Experience with job evaluation methodologies
- CCP (Certified Compensation Professional) required or willingness to obtain within 1-2 years
- 3 years management experience
- 3 years HR/Finance analytics experience
- PHR or SHRM-CP certification
- Internal Penske field experience
- Strong written and verbal communication skills
- Team leadership skills and desire to develop others
- Customer-centric and results-driven mindset
- Regular, predictable, full attendance
- Willingness to travel as necessary
- Ability to work required schedule and at the specific Reading, PA location (on-site 4 days/week)
- Complete Penske employment application, submit to background investigation and drug screening
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The Company
What We Do
Penske Truck Leasing is a leading global transportation services provider, offering truck leasing, rental, and logistics solutions with a fleet of over 400,000 vehicles. The company provides full-service truck leasing, contract maintenance, and comprehensive logistics solutions through its subsidiary, Penske Logistics. It is also shaping the future of mobility by investing in electric vehicles and advanced fleet safety systems.
