Devon Energy Corporation

Compensation Manager

Devon Energy Corporation$110K — $130K *
Business Services
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Human Resources, or related field preferred.
  • 8+ years of experience in the employee and executive compensation field, preferably in the oil and gas industry.
  • WorldatWork Certified Compensation Professional or SHRM Certified Professional preferred.
  • Strong analytical skills with the ability to interpret and communicate data effectively.
  • Excellent interpersonal and communication skills for engaging diverse audiences.

Responsibilities

  • Design and implement base salary and compensation programs aligning with business objectives.
  • Evaluate program effectiveness and identify opportunities for improvement in performance linkage.
  • Advise HR and business leaders on compensation-related issues as a subject matter expert.
  • Conduct modeling and statistical analysis to guide incentive distribution recommendations.
  • Oversee execution of compensation programs including salary adjustments and incentive structures.
  • Perform market pricing analyses to maintain competitive and equitable compensation practices.
  • Administer technology platforms supporting compensation planning and reporting.

Benefits

  • Opportunities for professional development and certification.
  • Collaborative working environment with HR and finance leaders.
  • Engagement in strategic decision-making processes.
  • Participation in high-impact projects for the organization.
  • Access to industry-leading market data and salary surveys.
Full Job Description
Job Profile Summary:

The Compensation Manager is responsible for designing, implementing, and administering the compensation programs that support the organization's business goals and objectives. This role oversees market analysis, salary structures, incentive programs, and compensation policies to ensure internal equity, external competitiveness, and compliance with applicable regulations. The Compensation Manager partners closely with HR leadership, finance, and business leaders to provide strategic compensation guidance and recommendations.

Essential Duties & Responsibilities:
• Develop, implement, and execute equitable base salary, short and long-term compensation
programs that drive overall business strategies, objectives, and results
• Partner with business leaders to evaluate the effectiveness of programs. Identify opportunities
to strengthen programs and their linkage to business results
• Function as subject matter expert and advisor for HR Business Partners and business
leadership on all compensation related matters
• Modeling, statistical analysis and costing of base, incentive, and stock programs for guidance
in impactful distribution of rewards. Provide recommendations to leadership.
• Direct, coordinate and ensure successful execution of compensation programs including,
base pay structure, merit, salary adjustments, promotions, market data/salary survey
submission, short-term incentives, and long-term incentives
• Conduct market pricing and benchmarking analyses to evaluate external competitiveness and
internal equity. Participate in industry leading salary surveys and monitor salary survey data
to ensure compensation objectives are achieved
• Responsible for the administration and oversight over technology platforms and vendors to
support compensation planning
• Provide support to the Director of Total Rewards in the development of materials for the
Compensation Committee
• Design and maintain salary structures, job architecture, and compensation frameworks

Experience and Education:
• Bachelor's degree; degree in Business, Human Resources, or related field preferred
• 8+ year's experience in employee and executive compensation field, preferably in the oil
and gas industry

Skills and Qualifications:
• WorldatWork Certified Compensation Professional or SHRM Certified Professional preferred
• Substantial business acumen, including an understanding of the drivers of success in the
exploration and production business
• Comprehensive understanding of the link between compensation and business strategies
• Strong analytical skills and ability to interpret and communicate data
• Ability to engage, inspire and influence people
• Effective team player
• Strong interpersonal, communication and client-support skills, including presentations to
groups.
• Ability to cater communications to all levels of the organization
• Excellent time management skills and ability to plan and set priorities
• Proficient with MS Office, Payfactors, and HRIS systems
• Knowledge of all federal, state, and local regulations and compliance requirements related to
base and incentive compensatio

About Devon Energy Corporation

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs).

Devon Energy Corporation Careers

Join the dynamic team at Devon Energy Corporation, a leading name in the energy sector, where innovation, leadership, and a commitment to sustainability drive the way forward. At Devon, we offer a range of job opportunities that allow you to explore your potential and propel your career to new heights. Work You’ll Do At Devon Energy Corporation, you’ll be part of a culture that cherishes diversity, innovation, and leadership. Our team is composed of highly skilled professionals dedicated to advancing the energy industry through smart, sustainable practices. Whether you’re interested in a technical, administrative, or leadership position, Devon provides a platform for professional growth and personal development. Join our market-leading team to help redefine the energy landscape and make a significant impact on a global scale. Lead from a unique position in the marketplace, at the intersection of technology, industry expertise, and digital innovation. Career Opportunities Devon Energy Corporation is not just a company; it’s a place where you can shape your future. Explore job opportunities in various fields, including engineering, geoscience, environmental science, and business management. With Devon, you can go as far as your ambition takes you, thanks to our extensive support in training, development, and certification. Internship Programs Kickstart your career with Devon’s internship programs. Gain invaluable industry experience, develop your skills, and network with professionals. Our internships provide a solid foundation for understanding the core aspects of the energy sector and help you build a robust resume. Innovation and Growth Drive innovation and contribute to growth within an environment that values visionary thinking and a proactive approach to challenges. Devon is committed to employing advanced technologies and practices that lead to efficient and responsible energy production. Benefits and Culture Choose Devon and enjoy a wealth of benefits that go beyond the standard employment package. We offer competitive health benefits, retirement plans, and continuous diversity training to ensure a supportive and inclusive workplace. Our culture is built on mutual respect, collaboration, and a commitment to excellence. Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, creative, and solution-driven team players. At Devon, every team member plays a crucial role in our success. Stay Connected Keep up to date with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. Join our community of forward-thinkers who are dedicated to making a difference in the world. Job Alert Emails Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Devon Energy Corporation. Explore the possibilities with Devon Energy Corporation and be part of a team that’s leading the way in energy innovation and sustainability. Your journey to a fulfilling career starts here.
Learn more about Devon Energy Corporation
Size
1,600 employees
Market Cap
$39.7 billion
Industry
Net Income
-$2.6 billion
Founded
1971
5 Year Trend
+3.4%
Revenue
$4.8 billion
NASDAQ

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