Manager - Compensation, Incentive Plans

At Ally Financial, we believe in rewarding our employees for their hard work and dedication. As the Manager of Compensation and Incentive Plans, you will play a crucial role in designing and implementing compensation and incentive programs that attract, retain, and motivate our top talent. Your expertise in compensation strategies and ability to analyze and interpret data will help drive our company's success. We are looking for a dynamic leader who is passionate about creating a fair and competitive compensation structure to join our team. With a strong focus on employee satisfaction and company growth, this is an opportunity to make a significant impact on our organization. If you are a driven and strategic thinker with a strong understanding of compensation principles and experience in developing and managing incentive plans, we encourage you to apply.

1. Develop and implement compensation and incentive programs that align with Ally Financial's business objectives and support the retention and motivation of top talent.
2. Analyze market trends and data to ensure competitive and fair compensation structures and incentive plans.
3. Collaborate with HR and Finance teams to ensure budgetary and regulatory compliance for compensation and incentive plans.
4. Conduct regular audits and reviews of compensation and incentive plans to ensure effectiveness and make necessary adjustments as needed.
5. Develop communication strategies to effectively communicate compensation and incentive plans to employees.
6. Stay updated on industry best practices and trends in compensation and incentive planning to continually improve programs.
7. Provide guidance and support to managers and HR partners on compensation-related inquiries and issues.
8. Lead and mentor a team of compensation professionals, providing training and development opportunities to support their growth.
9. Collaborate with cross-functional teams to align compensation and incentive plans with performance management and career development initiatives.
10. Make data-driven recommendations for salary ranges, bonus payouts, and other compensation-related decisions.
11. Conduct market analysis and benchmarking to ensure competitiveness of compensation and incentive plans.
12. Develop and maintain relationships with external compensation benchmarking partners.
13. Ensure compliance with all legal and regulatory requirements related to compensation and incentive plans.
14. Collaborate with HR and Talent Acquisition teams to ensure compensation and incentive plans support recruitment and retention efforts.
15. Continuously monitor and evaluate the effectiveness of compensation and incentive plans and make recommendations for improvements.

According to JobzMall, the average salary range for a Manager - Compensation, Incentive Plans in Charlotte, NC, USA is between $90,000 and $150,000 per year. However, this can vary depending on factors such as the size and industry of the company, as well as the candidate's experience and qualifications.

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.