Your Impact
The primary purpose of this role is to assist with the design, development, and administration of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate associates to ensure market competitiveness and internal equity.
This also includes responsibility for continuous process improvement in the use of existing compensation technology and development of improved methods. This role is critical to Lowe's as many of the work activities affect employee engagement, retention, and the long-term success of Lowe's.
What you will do
- Evaluates market data/trends and conducts analyses to determine the competitiveness of Lowe's compensation programs, and makes recommendations accordingly
- Performs analysis, modeling, and calculations for annual bonuses, incentive programs and other ad hoc data requests
- Assists with the preparation of policy documentation and recommends clarification to policy issues
- Facilitates and processes increases for compensation events, such as annual merit increases, wage increases, step increases, etc.
- Reviews information coming back from the field to ensure its accuracy
- Communicates various store, distribution center or corporate incentive awards via reports, meetings, emails, online systems, etc.
- Serves as a tactical SME on assigned programs and processes at a granular
- Participates in compensation surveys, completing and maintaining job documentation and performing job analysis
- Conducts job evaluation and reviews new and/or existing roles (i.e., ranking, factor comparison, points method, etc.)
- Ensures compliance with all federal, state, and regulatory standards and laws governing the compensation programs
- Works closely with other groups (Accounting, Finance, Employee & Corporate Communications, etc.) in order to ensure Lowe's compensation strategy is executed seamlessly.
- Ability to maintain confidentiality around all different types of personal employee information.
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Required Qualifications
Bachelor's degree Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
6 years' experience in Compensation in a retail corporate environment. Knowledge of Lowe's stores and corporate processes. Certified Compensation Professional designation. Experience evaluating job grades
3-5 years' experience in Microsoft Excel, database analytics, and financial analysis. Experience working in a compensation environment. Excellent verbal and written communication skills. Ability to learn software platforms quickly. Experience dealing with confidential information.
Preferred Qualifications
Master's degree Business, Human Resources, Psychology, Accounting, Financial Planning and Analysis or related field
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Pay Range: $72,400.00 - $120,900.00 annually
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit our benefits page.
Lowe's hourly remote associates cannot reside in Alaska, California or Hawaii. Lowe's salaried remote associates cannot reside in Alaska or Hawaii.
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Qualified applicants with arrest or conviction records will be considered for Employment in accordance with applicable laws, including the Los Angeles County Fair Chance Ordinance for Employers, the Los Angeles Fair Chance Ordinance, the San Francisco Fair Chance Ordinance, and the California Fair Chance Act.
Lowe's believes that conviction records may have a direct, adverse, and negative relationship to the following job duties: accessing company property, assets, information and products; partnering, supervising, and regularly working with other Lowe's employees; and adhering to and monitoring compliance and safety guidelines.
Pay Range: $72,400.00 - $120,900.00 annually Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.