Compensation Lead

Website H&M

Company Description

At H&M, our purpose is to liberate fashion for the many. We want to shape a new world in Fashion. A world with one ultimate goal: to unleash your self-expression. As an H&M colleague, you’re encouraged to be yourself & more. You’ll take on new responsibilities from day one, learn skills for life, and find new ways to make your big dreams come true.

Our company is committed to fostering a culture of inclusion and belonging, and we actively seek colleagues who share our commitment.

Job Description

About the Role 

As a Compensation Lead in the HR function, your main focus plays a pivotal role in shaping and implementing the compensation strategies for USA and Canada, including Puerto Rico, that contributes to the achievement of our business goals. This position is focused on designing competitive and innovative compensation programs to attract, retain, and motivate top talent while ensuring alignment with the company’s overall strategic objectives.

This hybrid role reports in to our Regional Total Rewards Manager and is based out of the New York City Support Office.

A Day in the Life 

Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities*

  • Develop and implement a comprehensive compensation strategy that aligns with the organization’s global business objectives and supports a high-performance culture
  • Stay abreast of industry trends, market practices, and regulatory changes to ensure the organization’s compensation strategy remains competitive and compliant
  • Lead job evaluation processes to ensure accurate and fair job grading and conduct regular market analysis and benchmarking to determine the competitiveness of the organization’s compensation packages
  • Design, implement, and manage incentive and bonus programs that drive performance and align with organizational goals and evaluate the effectiveness of existing programs and recommend enhancements or changes as needed
  • Develop and implement communication strategies to effectively communicate compensation programs to employees and provide training and support to HR business partners and leadership on compensation-related matters
  • Utilize data analytics to assess the effectiveness of compensation programs and make data-driven recommendations for improvements and prepare regular reports and presentations for leadership on compensation trends, benchmarks, and program performance
  • Collaborate with HR business partners, talent acquisition, and other stakeholders to ensure alignment between compensation strategies and overall HR initiatives
  • Manage relationships with external compensation consultants and vendors, leveraging their expertise as needed
  • Up to 5% domestic and/or international travel may be required

Qualifications

Who You Are:  

  • 5-7 years of experience in compensation management, with a focus on strategic compensation design
  • In-depth knowledge of compensation principles, market trends, and regulatory requirements
  • Strong analytical and quantitative skills, with proficiency in compensation data analysis and market research
  • Excellent communication and presentation skills, with the ability to convey complex compensation concepts in a clear and understandable manner
  • Experience in developing and implementing innovative compensation programs
  • Ability to work collaboratively with cross-functional teams and senior leadership

Additional Information

Why You’ll Love Working at H&M 

  • We value diverse backgrounds, including but not limited to race, ethnicity, gender, age, religion, sexual orientation, and disability
  • We pride ourselves on being a values-driven organization, guided by our 7 unique values that have been part of our success story for over 75 years
  • You’ll have access to our Colleague Resource Groups (CRGs) to find community and networking opportunities among colleagues
  • We are an inclusive company where you’re encouraged to be yourself at work
  • You will have access to a large global talent community, where career growth and aspirations have no limits
  • We believe in supporting your overall wellbeing and offer comprehensive benefits inclusive of health insurance, wellness and family support programs, company match  401k, paid leave programs, and paid time off, including a community day to serve your local community
  • You’ll be able to express your personal style with our employee discount at H&M, & Other Stories, and COS

Compensation: salary range is $112,811 – $126,912 annually**

*This job posting highlights the most critical responsibilities and requirements of the job and is not all-inclusive. There may be additional duties, and responsibilities assigned for this job at the company’s discretion.

**H&M, in good faith, has assessed this posted range of compensation as the accurate range for this role and location at the time of this posting. H&M may ultimately pay more or less than the posted range depending on candidate qualifications. This range may be modified in the future.

EEOC Code: PRO

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