Lowe’s is able to offer remote employment of this position in the following states: AL, AR, AZ, CA(salaried roles only), CT, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.
The primary purpose of this role is to manage the full lifecycle of base salary, variable compensation, and incentive compensation programs for retail stores, distribution centers, and corporate field employees in order to ensure competitiveness to market. This includes responsibility for defining metrics, creating plan documents, working with accounting on forecasting/accruals, communicating plan documents, and calculating pay. This role is critical to Lowe's as it gives guidance, direction, and advice on many of the work activities affecting employee engagement, retention, and the long-term success of Lowe's. Additionally, this role will be responsible for project management within the field compensation team.
Partners and consults with HRBPs and business leaders for assigned areas to design and deliver broad-based compensation programs and practices that ensure market competitiveness, internal equity, and drive appropriate behaviors that link pay and performance.
Develops strong partnership with HR and business leaders to gain in-depth knowledge of business lines and deliver compensation solutions that meet business needs.
Develops a robust point of view on how to overcome challenges with streamlining programs or make them more efficient.
Develops governance controls and guidelines relating to compensation structures that ensure consistency and data integrity.
Provides recommendations and creative solutions for complex compensation issues to strategically support lines of business.
Leads larger initiatives that may include oversight of other team members.
Has experience and knowledge of best practices and uses that to solve business problems.
Uses multiple sources of information to analyze and exercise judgment.
Interprets difficult, sensitive, and complex information and data.
Ensures programs are implemented effectively and timely, within established budgets and complies with all relevant regulations, laws and employment standards.
Mentors junior team members by openly sharing information, advice, and expertise to solve business problems.
Masters degree in Business, Human Resources, Accounting, or related field
7 years of Experience working in a compensation environment. Knowledge of Lowe's stores and corporate processes. Certified Compensation Professional (CCP) designation. Experience managing others in a team environment.
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where 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.
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.
Pay Range for CA, CO, NJ, NY, WA: $92,700.00 - $154,500.00 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. Pay Range for CA, CO, NJ, NY, WA: $92,700.00 - $154,500.00 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.