Compensation Partner

Company Overview

Sleep Number is a sleep wellness technology leader. For nearly four decades, we have placed sleep at the center of wellbeing, improving over 15 million lives with our Sleep Number smart beds. We are guided by our purpose – to improve the health and wellbeing of society through higher quality sleep. This is exemplified through our 4,000+ mission-driven team members who passionately innovate to drive value creation through our vertically integrated business model, owning the process from start to finish, including selling in our over 650 stores nationwide.

Our team members are encouraged to bring their whole selves to work, sharing their unique perspectives, backgrounds and skills with Sleep Number every day. Whether you are entering, returning or experienced in the workforce, we have a place for you. We hope you join us in creating the future through higher quality sleep.

Position Purpose

The Compensation Partner is responsible for analyzing, designing, and administering Sleep Number’s pay programs as a member of the Compensation Team. As a vertically integrated company, Sleep Number's structure provides the opportunity to gain compensation experience across various functions, such as supply chain, manufacturing, service delivery, and corporate teams. In the Compensation Partner role, you will make an immediate impact on the business by providing consultative support to Human Resources Business Partners and leadership while ensuring programs run smoothly through ongoing administrative management.

Primary Responsibilities  

• Partner with business areas (e.g., Sales, Supply Chain, Field Services, & Corporate) & HRBPs to monitor compensation plan effectiveness and ensure compensation strategies align with business goals.
• Provide guidance and partner with HRBPs, TA, OD on day-to-day compensation requests (i.e., job evaluation, market analyses and pay grade assignment for new roles and promotions, devising retention strategies, job posting range requirements, market competitive pay, and compliance).
• Develop insightful and impactful modeling and reporting in support of business needs while providing recommendations for process improvement.
• Manage incentive plan design projects, including revision and legal review of plan documents, as applicable.
• Provide guidance on commission inbox management, commission processing, audit processes, data analyses & reporting.
• Process incentive plan payments (monthly, quarterly, annually); calculate accruals for finance (e.g., AIP, group incentive plans, etc.).
• Partner with HR Ops to distribute plan documents and wage notices to ensure compliance.
• Process Pay Data Reporting (e.g., Illinois & CA).
• Manage Workday pay actions requests.
• Document and maintain process documentation.
• Participate in salary surveys and submit data.
• Maintain survey job participation analysis.
• Maintain vendor list, with due dates, and pricing.
• Own Market Pay administration, including the uploading of survey data, migration (prep & post), including communicating aging factor to Market Pay to use for upcoming cycle.
• Create compensation spreadsheets for HRBPs.
• Administer retail LTI process.
• Perform Workday process testing.
• Participate in training/presentations, as applicable.
• Own job profile management by monitoring positions for inactive status and update, accordingly.
• Maintain list of compensation reports with descriptions.
• Perform compensation data audits (e.g., one-time payments), as applicable.
• Collaborate on and provide analysis for compensation strategies.
• Assist with pay structure management.
• Collaborate on annual goals and objectives.

Position Requirements

• Bachelor's degree or equivalent work experience, plus 2-4 years of related compensation experience required.
• Certifications or coursework toward CCP certification or other HR certifications, preferred.​
• Proficiency in Microsoft Office applications, with advanced Excel skills, such complex formulas, data analysis, and pivot tables.
• Strong analytical and mathematical skills.
• Familiarity with HRIS/Compensation systems and reporting tools, such as Workday and Market Pay.
• Excellent organizational and time-management skills, with the ability to manage multiple tasks and meet deadlines.
• Experience with high incumbent, hourly pay rates and pay structures highly desirable.

Working Conditions

• Sleep Number offers a hybrid work environment providing a flexible balance and blend of remote work and onsite collaboration in office at Sleep Number's corporate Headquarters in Minneapolis, Minnesota. #PIQ

Salary Pay Range: $73,800.00 -$98,333.00

Wellbeing

Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.

By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.

Safety

Safety is a top priority for Sleep Number supporting customers and team members wellbeing. We are committed to maintaining a safe and healthy work environment for all team members that are consistent with CDC guidelines, U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), and state/local laws.

EEO Statement

Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.

Americans with Disabilities Act (ADA)

It is Sleep Number’s policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.