Compensation Manager

Support Center - Irving

Under the direction of the Director of Compensation, this position is responsible for managing the administration, planning and execution of company compensation programs and processes. Responsibilities will also include the development of processes and tools that support compensation compliance, merit and bonus programs, job evaluation and talent management processes.

Annual Merit and Bonus Programs

• Manage the administration, planning, and execution of the company annual merit increase and bonus programs.
• Lead the financial modeling and creation of new company bonus programs including documentation, communication, forecasting, accrual, and reporting.
• Provide supportive analysis of metric performance and partner with Finance and Accounting on deliverables.

Compensation Processes, Tools, Compliance and Solutions

• Develop compensation solutions that support the business needs and pay philosophy of the company.
• Design processes, procedures and tools that support and improve position management, compensation change and talent management processes.  
• Keep apprised of federal, state and local compensation laws and regulations to ensure company compliance.
• Develop techniques for compiling, preparing and presenting data.
• Lead compensation related special projects as needed.

Compensation Structure Design, Job Evaluation and Business Partner

• Manage the job evaluation and pay grade levelling process for the company, ensuring the consistent valuation of key job attributes, FLSA exemption status and integration of market data.
• Lead development and annual review of compensation structure and pay ranges to ensure equitable and competitive compensation.
• Provide guidance to HR Generalist and Talent Acquisition partners on pay decisions, policy and pay range interpretation as needed.
• Manage participation in salary surveys and analyze results in order to assess competitiveness of total compensation and market trends

Other duties as assigned

​Minimum Education

• BS/BA degree in a related discipline

Minimum Special Certifications or Technical Skills

• Workday proficiency
• Microsoft Excel advanced

Minimum Type of Experience the Job Requires

• 10 years Compensation experience
• 5 years financial modeling experience

Other

• Strong understanding of compensation philosophies
• Strong organization, planning and communication skills
• Analytical and detail oriented
• Project management
• Solution oriented thinker
• Credibility with leadership at all levels, line and staff
• Must be able to think globally and strategically and have strong execution skills

Preferred Special Certifications or Technical Skills

• Certified Compensation Profession (CCP)
• Alteryx

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit www.michaels.com.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

EEOC Know Your Rights Poster in English

EEOC Know Your Rights Poster in Spanish

EEOC Poster Optimized for Screen Readers

Federal FMLA Poster

Federal EPPAC Poster