Position Summary:
Penske’s Corporate Compensation team is growing and is currently seeking a Senior Compensation Analyst focused on variable pay. This role will support the Manager Compensation and will be actively involved in our variable pay programs, including commission, incentive plans. The Senior Compensation Analyst will provide compensation, analysis and consultation to all levels of management and HR Partners. Additionally, this position will provide guidance to managers on commission plan policies and practices to ensure compliance and provide system support to end users when necessary.
Major Responsibilities:
• Provide compensation support and consultation to various corporate departments and field locations.
• Lead and process annual plan design and documentation.
• Identify trends and develop recommendations to address any areas of opportunity.
• Assist in audits and reviews to ensure compliance.
• Partner with the compensation team on variable, commission plans for new jobs to determine compensation structure.
• Partner with compensation of jobs and ranges for the organizations compensation program to evaluate internal equity, external competitiveness and legal compliance.
• Deliver training to HR and Managers to educate them on our compensation philosophy, practices and systems.
• Actively participate in projects that impact associate compensation and organizational hierarchy, offer compensation support when necessary.
Qualifications:
• Bachelor’s degree preferred or relevant compensation experience.
• 4-6 years Compensation experience preferred, preferably in a multi-state environment.
• Experience with variable pay plans, budget and structure activities preferred.
• 3 years HR/Finance Analytics strongly preferred.
• CCP preferred or willingness to obtain within 2 years. PHR and/or SHRM-CP a plus.
• Internal Penske field experience a plus.
• Strong written and verbal communication skills.
Physical Requirements:
-The physical and mental demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
-The associate will be required to: read; communicate verbally and/or in written form; remember and analyze certain information; and remember and understand certain instructions or guidelines.
-While performing the duties of this job, the associate may be required to stand, walk, and sit. The associate is frequently required to use hands to touch, handle, and feel, and to reach with hands and arms. The associate must be able to occasionally lift and/or move up to 25lbs/12kg.
-Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
Penske is an Equal Opportunity Employer.
About Penske Truck Leasing/Transportation Solutions
Penske Truck Leasing/Transportation Solutions is a premier global transportation provider that delivers essential and innovative transportation, logistics and technology services to help companies and people move forward. With headquarters in Reading, PA, Penske and its associates are driven by a dedication to excellence and a commitment to customer success. Visit Go Penske to learn more.
Job Category: Human Resources
Job Function: People Analytics
Job Family: Analytics & Intelligence
Address: 100 Gundy Drive
Primary Location: US-PA-Reading
Employer: Penske Truck Leasing Co., L.P.
Req ID: 2609756
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Management Trainee Program
The foundation for winning in business, whatever path you choose, is right here at Penske. In our Sales and Operations Management Trainee Program, you'll collaborate with smart, driven colleagues. You'll move lives and businesses forward. You'll grow far beyond the basics because we give you the freedom to find innovative new ways to solve problems and make important business decisions. As a management trainee, you will work in a fast-paced environment. You will help our customers have the best possible experience. You will generate new leads to help us grow. And you’ll do it while enjoying ongoing personalized training and coaching in sales and operations. Our top performers can achieve more than one promotion a year, especially when open to relocation. After completing the Management Trainee Program, you will take the next step in your career at Penske by becoming an assistant rental manager. In this role, you will continue to provide excellent customer service, think fast to solve problems and learn every step of the way.
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Penske’s Corporate Summer Internship Program is a 12-week paid internship at our headquarters in Green Hills, Pennsylvania. As an intern, you will work in a department that aligns with your career goals. In addition to the valuable work experience you will gain, you will participate in events centered on the program's core elements: professional development, networking and community service.