Compensation Incentive Designer
Welcome to Truist Financial, where we believe in empowering our employees and fostering a culture of growth and success. We are currently seeking a highly skilled and driven Compensation Incentive Designer to join our team. In this role, you will have the opportunity to design and implement innovative compensation programs that support our company's goals and drive employee engagement. We are looking for a strategic thinker with strong analytical skills and a passion for creating effective incentives that motivate and reward our team members. If you are a results-oriented professional with a strong understanding of compensation principles and a desire to make a meaningful impact, we encourage you to apply for this exciting opportunity.
- Develop and design effective compensation programs that align with the company's goals and values.
- Conduct research and analysis on industry trends and best practices to inform the development of new compensation incentives.
- Collaborate with cross-functional teams to gather input and insights on employee needs and preferences.
- Create and implement communication plans to effectively roll out new compensation programs and changes.
- Monitor and evaluate the effectiveness of existing compensation programs and make recommendations for improvements.
- Ensure compliance with all relevant laws and regulations when designing and implementing compensation programs.
- Analyze data and metrics to measure the success of compensation programs and make adjustments as needed.
- Manage the budget for compensation incentives and ensure cost efficiency.
- Stay updated on market trends and competitor practices to ensure our compensation programs remain competitive.
- Train and educate managers and HR staff on compensation principles and programs.
- Act as a consultant to senior leaders and provide recommendations on compensation strategies.
- Collaborate with external consultants and vendors as needed to support the development and implementation of compensation programs.
- Participate in industry conferences and networking events to stay informed of emerging trends and practices.
- Continuously seek opportunities to improve and enhance our compensation programs to drive employee engagement and retention.
- Uphold the company's values and culture by promoting a positive and inclusive work environment.
Bachelor's Degree In Human Resources, Business Administration, Or Related Field.
Minimum Of 3-5 Years Of Experience In Designing And Implementing Compensation Incentive Programs.
Strong Knowledge Of Industry Trends And Best Practices In Compensation And Incentive Design.
Excellent Analytical Skills With The Ability To Interpret Data And Make Strategic Recommendations.
Proven Ability To Work Collaboratively With Cross-Functional Teams And Effectively Communicate With All Levels Of The Organization.
Risk Management
Communication Skills
Project Management
Data Analysis
Market Research
Negotiation skills
Financial Modeling
Performance metrics
Benchmarking
Compensation Strategy
Incentive Design
Communication
Conflict Resolution
Leadership
Time management
creativity
flexibility
Critical thinking
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Compensation Incentive Designer is $75,000 - $100,000 per year. However, this can vary based on factors such as location, experience, and company size. More experienced designers or those working in larger companies may earn higher salaries. Additionally, those with specialized skills or certifications in areas such as data analysis or human resources may also earn higher salaries.
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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks.
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