Wave

Compensation Manager I

Wave • $75K — $95K *
Saint Louis, MO 63129In-Person
Business Services
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Human Resources, Business, or equivalent experience
  • 4-6 years of experience in compensation program design and administration
  • Strong analytical skills with data interpretation proficiency
  • Ability to collaborate effectively across all organizational levels
  • Experience in handling multiple projects in a fast-paced environment

Responsibilities

  • Analyze compensation data to enhance business strategies
  • Recommend updates to compensation plans based on market trends
  • Design and maintain salary planning and variable pay models
  • Respond to compensation inquiries via department channels
  • Create communication strategies for compensation initiatives

Benefits

  • Collaborative office environment
  • Opportunities for professional development
  • Engagement in cross-functional projects
  • Involvement in strategic compensation initiatives
  • Support for maintaining confidentiality in all compensation matters
Full Job Description
Job Summary

Do you thrive on transforming data into actionable insights that drive business strategy? At Spectrum, the Compensation Manager I plays a critical role in designing and supporting compensation programs that align with our goals and talent needs. Your expertise ensures competitive, effective solutions that empower employees and elevate our business performance.

Responsibilities

How You'll Make an Impact

  • Analyze and model compensation data to evaluate programs and address business needs
  • Monitor and recommend improvements to compensation plans, policies, processes and guidelines to reflect market trends
  • Assist in designing, preparing and maintaining compensation models for salary planning, merit increases and variable pay programs
  • Respond to inquiries and requests regarding compensation matters through department email accounts
  • Create communication strategies and partner with HR Communications to support compensation initiatives
  • Support the year-end compensation process and training requirements for compensation programs
  • Serve as a consultative partner on complex compensation projects with business stakeholders and HR teams
  • Identify appropriate actions for compensation projects, ensuring timely resolution and delivery
  • Develop, implement and administer salary structures, incentive plans, merit increases and program audits
  • Work proactively to ensure clear communication of compensation activities across Spectrum
  • Participate in cross-functional team projects and support ad hoc analysis requests
  • Partner with HR Technology to ensure HRMS systems meet compensation needs and reflect updates
  • Conduct compensation benchmarking and generate recommendations for broad-based and executive roles
  • Perform job evaluations, review job descriptions and provide recommendations on job levels and grading
  • Organize and maintain compensation files and records
  • Coordinate with HR, Accounting, Legal and other functional areas on compensation matters
  • Serve as an auxiliary resource for managing long-term incentive programs and other compensation initiatives
  • Participate in ongoing evaluation of processes and procedures, staying informed of compensation trends and regulations

Working Conditions

  • Office environment


Qualifications

What You'll Bring to Spectrum

Required Qualifications

  • Education
    Bachelor degree in Finance, Human Resources, Business or related field or equivalent experience


  • Experience
    4-6 years of experience in the design and administration of compensation programs


  • Skills
    Ability to influence others
    Ability to analyze and interpret data
    Ability to collaborate with employees at all levels
    Ability to work to a high level of accuracy
    Ability to handle multiple projects and tasks
    Demonstrated problem solving, critical thinking and analytical skills
    Ability to work within a fast-paced business environment and evolving business landscape
    Ability to maintain confidentiality of information
    Ability to translate data analysis into clear findings and recommendations
    Ability to communicate complex ideas clearly and effectively to varied audiences
    Demonstrated data and financial analysis skills
    Significant experience with Microsoft Office products
    Ability to make decisions and solve problems under pressure
    Ability to prioritize and organize effectively
    Knowledge of compensation administration
    Knowledge of Fair Labor Standards Act and Employment laws
    Demonstrated knowledge of compensation fundamentals including design principles, administration and strategic planning


Preferred Qualifications

  • Education
    CCP preferred
    Quantitative degree preferred


  • Experience
    2+ years of finance and accounting experience
    3-4 years of project management experience


  • Skills
    Finance and accounting experience

About Wave

Wave is a Canadian financial services company that provides accounting, invoicing, and payment processing software for small businesses. The company was founded in 2010 by Kirk Simpson and James Lochrie. Wave's software is used by over 4 million small businesses around the world. In 2019, the company was acquired by H&R Block for $405 million. Wave is headquartered in Toronto, Canada.
Learn more about Wave
Size
200 employees
Industry
Finance & Insurance
Founded
2011
* Ladders Estimates

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