Compensation Analyst (Sales Comp/Commissions)

At LG Electronics, we are looking for a highly skilled and motivated Compensation Analyst to join our team. As a Sales Comp/Commissions specialist, you will play a crucial role in ensuring our sales team is fairly compensated for their hard work and dedication. We are seeking an individual with a strong understanding of compensation principles and experience in creating and analyzing sales commission plans. If you are a detail-oriented and analytical thinker with a passion for data and a drive for excellence, we encourage you to apply for this exciting opportunity.

1. Develop and administer sales commission plans for the company's sales team.
2. Ensure accuracy and fairness in the calculation and distribution of sales commissions.
3. Analyze sales data and performance metrics to make recommendations for commission structures and improvements.
4. Collaborate with sales leaders and HR to understand business needs and align compensation plans with company goals.
5. Stay up-to-date on industry trends and best practices in sales compensation to continually improve and optimize plans.
6. Create reports and presentations to communicate commission plans and performance to stakeholders.
7. Conduct regular audits to ensure compliance with company policies and procedures.
8. Assist with the development and implementation of new compensation programs and initiatives.
9. Provide guidance and support to sales team regarding compensation-related inquiries.
10. Maintain confidentiality and handle sensitive information with professionalism.
11. Continuously monitor and analyze sales compensation data to identify and address any issues or discrepancies.
12. Collaborate with cross-functional teams, including finance and IT, to ensure accurate and timely processing of commission payments.
13. Participate in various compensation surveys and benchmarking exercises to ensure competitive and fair compensation practices.
14. Proactively identify and propose solutions for any inefficiencies or challenges in the compensation process.
15. Continuously evaluate and improve compensation processes and systems to ensure efficiency and accuracy.

According to JobzMall, the average salary range for a Compensation Analyst (Sales Comp/Commissions) in Englewood, NJ 07632, USA is $72,000-$88,000 per year. This may vary depending on the specific company, years of experience, and level of education.

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area.