Compensation Specialist (on-site)

The Compensation Specialist is responsible for the design, analysis, and effective administration of Dollar Tree’s compensation plan, programs, and policies. The position is responsible for the day-to-day administration of compensation programs, conducting external market analysis, as well as design and analysis of existing and future compensation programs. Duties include conducting position evaluations, job classifications, incentive design analysis, assessing the budgetary impact of compensation decisions, and providing oversight of compliance with all applicable regulations and labor laws.

Principle Duties and Responsibilities:

• Provide analytical support for compensation programs across all lines of business, Corporate, Supply Chain, and retail Store Operations
• Conduct compensation analysis to determine Company’s competitive position and to set appropriate promotional and hiring pay levels based on internal rates, performance levels, and external job and market pay comparisons
• Responsible for maintaining the Company’s salary structures
• Lead the Company’s participation in salary surveys and analysis of results
• Assist with all compensation components of the annual performance process, including, merit planning, bonus accrual and calculations, and administration of LTI awards for all Associates
• Evaluate the effectiveness of compensation programs and make recommendations for enhancements that deliver on Dollar Tree’s commitment to pay for performance
• Collaborate with all areas of the business to assist with the design, implementation, and communication of incentive plans that reward Associates for delivering desired business results
• Create and maintain documentation for incentive plans for accuracy
• Work with business partners to accurately benchmark new and existing roles and creating job descriptions
• Assist in the development of compensation education and training materials
• Participate in special projects related to compensation programs or systems on an as-needed basis

EDUCATION & EXPERIENCE

Minimum Requirements:

• 2+ years’ experience with Compensation or Data Analysis
• Advanced Microsoft Excel
• Knowledge in FLSA

Preferred Requirements:

• Experience with retail or sales compensation
• Working knowledge of job evaluation and job analysis systems
• Advanced Excel knowledge
• Experience with Workday