Compensation Manager

Principal Financial Group Inc   •  

Omaha, NE

Industry: Accounting, Finance & Insurance


8 - 10 years

Posted 87 days ago

This job is no longer available.

Finding the right job is all about finding the right fit

At Principal, we believe how we do things is every bit as important as what we do. We're guided by our commitment to do the right thing for customers, employees and the environment. And we’re not just jumping on the bandwagon – that’s been part of our culture since we were founded all the way back in 1879.

We’re proud of consistently receiving several recognitions as a top workplace for employees. In fact, Principal made the cut in Forbes’ first-ever list of “America’s Best Employers!” And the best part? It’s our employees who gave us a thumbs-up.

But don’t take our word for it; see what employees at Principal have to say by checking out our employee stories on our career site. Another great way to get the inside story is connecting with employees via LinkedIn -- learn more and get a sense of the culture.


As a Compensation Manager, you will direct the planning, design and implementation of compensation programs for the Principal International (PI) and Principal Global Services (PGS) business units. You’ll be responsible for leading the development and implementation of compensation programs and consult with business unit representatives on compensation matters and competitive positioning.

How you’ll spend your day to day:

  • Advise and consult with senior management on compensation matters and competitive positioning. Provide technical expertise to enable thorough assessment of risk related to non-executive compensation programs to business units to help them achieve their goals and objectives.
  • Assist with the planning, development and design of corporate compensation programs including job evaluation, base pay structure, short term incentives, long term incentives and recognition programs. Evaluate existing programs and develop innovative, fiscally responsible, and competitive options for new or revised programs. Direct research and statistical studies and develop detailed recommendations.
  • Assist with the design and implementation of strategic global compensation policies and practices which are competitive, flexible and integrated with HR systems and reporting.
  • Consult with business unit representatives on compensation matters. Partner on issues such as competitive positioning and responsiveness to external influences such as industry trends and fluctuations in job market pricing. Ensure all federal, state and local laws and regulations concerning wage and salary programs are met. Prepare periodic or special reports. Assist with training of less experienced team members.
  • Lead analyst and consultant through wage and salary survey administration processes. Interpret and analyze complex data. Develop and maintain relationships with consultants and industry contacts. Serve on functional committees inside and outside the company as a representative of Human Resources and the company.
  • Participate in the annual compensation policy and structure review. Assist with recommendations, costs, and compensation policy. Partner with business unit representatives and other areas of HR on the implementation and communication of annual compensation policy and salary administration.


  • Requires a bachelor's degree or equivalent and 8+ years of related experiencerequired
  • Global compensationexperiencepreferred.
  • Previous leadership experiencepreferred.
  • Certified Compensation Professional (CCP) designation preferred.
  • Must have good business acumen and be able to deal with confidential and sensitive information.
  • Knowledge of global incentive design concepts and ability to independently lead incentive design process with senior business leaders and other internal stakeholders is required.
  • Must have strong analytical and organizational skills as well as strong oral and written communication skills.
  • Experience in preparing and presenting detailed technical recommendations to stakeholders.
  • Must have strong project management skills and ability to influence others to achieve planned outcomes.
  • Has knowledge of employment laws and regulations.
  • Experience with Microsoft Office suite and strong Excel skills required.
  • Experience using a market survey management system (Pay Factors or similar system) desired.
  • Travel (5%) may be require


Open to candidates who wish to work remotely or in Des Moines, IA.

Additional Information:

What’s next? Innovation at its finest.

We’ll review your application and if you’re selected for an interview, you’ll receive an invite for a pre-recorded interview experience. Haven’t done that before, don’t worry. We’ve got all the tips and tricks available to help you be successful. With a pre-recorded interview, you can add your own flair and personality – at your pace.

Be sure to check your email frequently. We’ll communicate our decisions through the email address used on your online profile. If you receive an email from our Principal Talent Acquisition Team, you’ve been selected to begin your pre-recorded interview experience and have a set time to submit.

Benefits designed with you in mind.

Because each employee is unique, our benefit packages give you lots of choices. We offer comprehensive benefits that helps contribute to the healthy, fulfilling life and gratifying work experience you deserve, at an affordable cost. Click here to see just a few benefits you’ll receive once you join our team.

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Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role. (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future.

Principal is an Affirmative Action and Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.