Manager - Compensation, Incentive Plans
Are you a seasoned Compensation professional with a passion for creating innovative incentive plans that drive employee engagement and business results? Ally Financial is seeking a Manager of Compensation and Incentive Plans to join our dynamic team. As a key member of our Human Resources department, you will have the opportunity to design, implement, and administer competitive compensation and incentive programs that support our company's strategic objectives and attract and retain top talent. We are looking for a highly driven, analytical, and collaborative individual with a strong background in compensation and a deep understanding of incentive plan design. If you are ready to take your career to the next level and make a direct impact on the success of a leading financial institution, we encourage you to apply for this exciting opportunity.
- Develop and implement innovative compensation and incentive plans that align with the company's strategic objectives and drive employee engagement and retention.
- Conduct thorough market research and analysis to ensure the competitiveness of the company's compensation and incentive programs.
- Collaborate with cross-functional teams, including HR business partners, finance, and business leaders, to understand business needs and design effective compensation and incentive plans.
- Monitor and evaluate the effectiveness of existing compensation and incentive plans and make recommendations for improvements or changes as needed.
- Ensure compliance with all legal and regulatory requirements related to compensation and incentive programs.
- Provide guidance and support to HR business partners and managers on compensation-related issues, including job evaluations, salary recommendations, and incentive plan eligibility.
- Stay current on industry trends and best practices in compensation and incentive plan design and make recommendations for updates or changes to the company's programs.
- Manage the administration of compensation and incentive plans, including processing incentive payouts and conducting audits to ensure accuracy and fairness.
- Develop and maintain strong relationships with external partners, such as compensation consultants and benchmarking providers, to gather information and stay informed on market trends.
- Serve as a subject matter expert on compensation and incentive plan design and provide training and education to HR and business leaders as needed.
- Lead and mentor a team of compensation professionals to support the company's compensation and incentive strategy.
- Continuously analyze and evaluate the company's compensation and incentive programs to ensure they remain competitive and aligned with business objectives.
Knowledge Of Compensation And Incentive Plan Design: A Successful Manager In This Role Will Have A Deep Understanding Of Compensation Structures And The Ability To Design And Implement Effective Incentive Plans That Align With Company Goals And Objectives.
Experience In Financial Services: Ally Financial Is A Leading Financial Services Company, And A Manager In This Role Should Have A Strong Background And Experience In The Industry. Knowledge Of Financial Products, Systems, And Regulations Is Essential For Success.
Analytical Skills: This Position Requires Strong Analytical Skills To Evaluate And Analyze Compensation Data, Trends, And Market Benchmarks. A Manager Must Be Able To Interpret Data And Make Informed Decisions Based On The Findings.
Strong Communication And Collaboration Skills: As A Manager, You Will Be Working Closely With Various Stakeholders, Including Hr, Finance, And Business Leaders. Excellent Communication And Collaboration Skills Are Essential For Building Relationships And Gaining Buy-In For Compensation And Incentive Plans.
Leadership And Management Experience: A Manager In This Role Will Be Responsible For Leading A Team And Managing Their Performance. Previous Experience In A Leadership Or Management Role Is Necessary To Effectively Guide And Develop Team Members And Ensure The Success Of Compensation And Incentive Plans.
Communication Skills
Contract Management
Project Management
Data Analysis
Negotiation skills
Budget management
Performance metrics
Team Leadership
Compensation Strategy
Salary Benchmarking
Incentive Design
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
Decision-making
According to JobzMall, the average salary range for a Manager - Compensation, Incentive Plans in Detroit, MI, USA is $120,000 - $150,000 per year. This range can vary depending on factors such as the specific industry, company size, and level of experience. Some companies may offer additional benefits and incentives, such as bonuses or stock options, which can also impact the overall compensation package.
Apply with Video Cover Letter Add a warm greeting to your application and stand out!
Ally Financial provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.
Get interviewed today!
JobzMall is the world‘ s largest video talent marketplace.It‘s ultrafast, fun, and human.
Get Started