Compensation Analyst IV - The Toro Company

at  The Toro Company

WHO ARE WE?

The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and an average employee tenure of 15 years, come find out what makes The Toro Company the best place in the Twin Cities to build a career.
Comp Analyst IV:
Analyzes, designs and administers compensation programs such as base pay, long and short-term incentives and one-time payments that align with company objectives. Designs and communicates pay structures, job profile grades, compensation budgets and guidelines. Provides thought leadership and strategic advice to create solutions that align compensation policies with business needs to support the attraction and retention of employees. Conducts research and analysis on market competitiveness, compensation trends and regulatory requirements.

WHAT WILL YOU DO?

In order to grow and build a successful career with The Toro Company, you will be responsible for:

• Partner closely with Human Resources Business Partners and key stakeholders to consult on global compensation needs and initiatives.
• Lead and support the development, execution, communication and implementation of compensation programs and policies.
• Perform job evaluations using internal and external data to assign appropriate job grade.
• Conduct in depth analysis on job families in partnership with HR and business leaders.
• Provide high-level strategic insights on complex and challenging compensation situations.
• Manage annual compensation processes to include merit planning, budget development salary surveys, market analysis and incentive plan administration.
• Ensure compensation programs and policies comply with regulatory and legal requirements.
• Provide executive compensation support.
• Lead and drive compensation-related projects from inception through execution.
• Operate independently in high-responsibility tasks, occasionally serve in a team lead capacity.

To be considered for this role, an individual should meet the following minimal requirements:

• Bachelor’s degree in relevant field (HR, Business, Finance or related field)
• 7+ years of broad compensation experience required with a strong track record in designing and implementing compensation strategies
• Excellent communication skills, both verbal and written, with strong analytical and quantitative abilities
• Expertise in compensation theory, program design and understanding of regulatory requirements
• Highly organized and adaptable with a demonstrated ability to lead
• Demonstrated critical thinking, listening and problem-solving ability; understands broader implications of decisions
• Certified Compensation Professional (CCP) designation preferred
• Previous experience working with Workday and CompAnalyst preferred
• Design and administration of incentive and sales plans preferre