Compensation Analyst IV - The Toro Company

Toro - Bloomington, MN

Full-time - Senior

Remote - Bloomington, MN

Machinery Manufacturing

About the position

The Compensation Analyst IV at The Toro Company is responsible for analyzing, designing, and administering compensation programs that align with the company's objectives. This role involves providing strategic advice, conducting market research, and ensuring compliance with regulatory requirements to support employee attraction and retention.

Responsibilities

• 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 grades.
• 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 including 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 serving in a team lead capacity.

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 preferred

Nice-to-haves

• Certified Compensation Professional (CCP) designation
• Previous experience working with Workday and CompAnalyst
• Design and administration of incentive and sales plans

Benefits

• Health insurance
• Dental insurance
• 401(k)
• Work from home
• Vision insurance
• Flexible schedule