LKQ Corporation

Sr Compensation Analyst

LKQ Corporation$75K — $95K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent work experience required.
  • 5+ years of related experience in compensation management.
  • Understanding of compensation theory, job evaluation methods, and market analysis techniques.
  • Preferred: Certified Compensation Professional (CCP) certification.
  • Preferred: Knowledge of macros, relational databases, and/or SQL.

Responsibilities

  • Administer and maintain compensation programs including base pay and incentive plans.
  • Direct work of analysts and support Compensation Leadership with strategic initiatives and projects.
  • Design and implement innovative compensation programs and policies.
  • Conduct market reviews and participate in salary surveys.
  • Manage the compensation survey tool and annual merit cycles for employees.
  • Oversee communication and maintenance of annual bonus plans.
  • Collaborate with HRIS to audit and verify compensation data.

Benefits

  • Health/Dental/Vision Insurance
  • Paid Time Off
  • 401k with Generous Company Match
  • Company Paid Life Insurance and Long-Term Disability
  • Short-Term Disability
  • Employee Assistance Program
  • Tuition Reimbursement
  • Employee Discounts
Full Job Description
Responsible for administering the implementation and maintenance of compensation programs including base pay, incentive pay, annual merit cycles, market data, job descriptions, and compensation systems.
Essential Job Duties
  • Serves as compensation team subject matter expert and directs the work of analyst(s) and supports Compensation Leadership with strategy, workflow, processes, priorities, projects.
  • Lead the design, implementation and administration of innovative compensation programs and policies including merit, base, and variable pay.
  • Leads market reviews for individual jobs or for department reviews.
  • Participates in salary surveys by analyzing current data, preparing compensation data to submit, and comparing results to existing salary structure and practices, and maintaining updates in survey management system.
  • Administrator for Compensation survey tool.
  • Lead the annual merit cycles for Corporate and Field employees.
  • Lead maintenance, reporting, and communication of annual bonus plans for Corporate and Field employees.
  • Lead Cost of Labor reviews and Minimum Wage updates.
  • Responsible for job description library, market pricings, job leveling, and maintaining the integrity of the compensation structure.
  • Serve as an internal resource to HR team, recruiters, and managers regarding compensation program/policy administration.
  • Provide counsel to HR and management regarding compensation actions for employees.
  • Coordinate with HRIS and other stakeholders to audit and verify compensation data.
  • Research and models best practices.
  • Keep abreast of new and emerging compensation trends, creative solutions, and legislative changes.
  • Assume other duties as assigned.


Supervisory Responsibilities
  • Not responsible for supervising employees.


Minimum Requirements

Education & Experience
  • Bachelor's Degree or equivalent work experience.
  • 5+ years of related experience required; Fully competent professional; In-depth knowledge and experience.


Preferred Requirements
  • Certified Compensation Professional (CCP) certification.
  • 5+ years compensation experience in a large complex organization.
  • Knowledge of macros, relational databases, and/or SQL.
  • General compensation knowledge, including compensation theory and an understanding of job evaluation methods and market analysis techniques.


Knowledge/Skills/Abilities
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rates, ratios, and percentages and to draw and interpret graphs.
  • Frequent use of Outlook, Word, Excel, graphics, etc. Ability to create, maintain and incorporate functions into Word documents, Excel spreadsheets, databases, and Powerpoint presentations to support business objectives.
  • Regularly uses moderately complex oral and written skills. May train others in functional areas, interact with others and make presentations to department or middle management.
  • Problems encountered are routine, somewhat repetitive and generally solved by following clear directions and procedures.
  • Decisions generally affect own job or assigned functional area.
  • Results are defined; sets personal own goals and determines how to achieve results with few or no guidelines to follow; supervisor/manager provides broad guidance and overall direction.
  • Handle multiple tasks or projects simultaneously with moderate complexity.


Essential Physical Demands/Work Environment
  • Work is primarily sedentary: must be able to sit for extended periods of time and use a computer, keyboard, and mouse, frequently.
  • Travel may be required periodically, including overnight stays (contingent on position requirements).
  • Must be able to lift up to 25 pounds.


Benefits:
  • Health/Dental/Vision Insurance
  • Paid Time Off
  • 401k with Generous Company Match
  • Company Paid Life Insurance and Long-Term Disability
  • Short-Term Disability
  • Employee Assistance Program
  • Tuition Reimbursement
  • Employee Discounts

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of alternative collision replacement parts and a leading provider of recycled engines and transmission and remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, the Benelux, France, Canada, Mexico and Central America. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks. LKQ Corporation was founded in 1998 with the purchase of Triplett Automotive Recycling of Akron, Ohio. We sought out to build a company that would gain a reputation for the quality and consistency it offered. Some in the industry doubted that a new national conglomerate could successfully accomplish, and cost-effectively garner, this reputation from customers, as customers from one side of the country received parts from an unknown supplier. Despite such concerns, LKQ grew into a network of 38 salvage yards and 12 distribution centers, operating across the continental US by the early 2000s.

LKQ Corporation Careers

Join the dynamic team at LKQ Corporation, a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ is a vibrant hub of professional growth, innovation, and leadership, making it an ideal place for you to advance your career.

Work You’ll Do

At LKQ Corporation, you’ll be part of a unique culture that values diversity, teamwork, and continuous professional development. Engage in meaningful work that drives substantial growth in the automotive industry and helps keep millions of vehicles on the road.

Explore Job Opportunities

LKQ Corporation offers a wide range of job opportunities that cater to diverse skills and experiences. Whether you’re looking for an entry-level position or a more senior role, you’ll find a path that suits your career ambitions.

Internship Programs

Kickstart your career with LKQ’s internship programs. These opportunities are designed to give you hands-on experience and insights into the automotive parts industry, enhancing your resume and building essential skills for future employment.

Professional Growth and Benefits

We believe in nurturing our team’s potential by offering robust benefits and opportunities for career advancement. LKQ invests in professional development programs, including leadership training and diversity workshops, to ensure you’re equipped for success.

Innovation and Leadership

Join a team that’s at the forefront of the automotive industry. At LKQ Corporation, innovation is at the core of what we do. We lead the market not just in products and services but also in ideas and strategies that redefine what a parts provider can be.

Networking and Team Culture

Our company thrives on a culture of collaboration and respect. Networking within LKQ opens doors to influential industry contacts, mentorship, and the exchange of ideas across our global team. We’re committed to building a workplace where everyone can thrive.

Hiring Process

Ready to drive your future forward with LKQ Corporation? Our hiring process is straightforward. Start by exploring open positions that match your skills and interests. Submit your resume, and if there’s a fit, we’ll invite you for an interview to discuss how your background, skills, and aspirations align with the goals of LKQ Corporation.

Stay Connected

Don’t miss out on the latest news, insider tips, and career opportunities at LKQ Corporation. Personalize your job alerts and stay informed about new positions and company updates that can help you make your next career move.

Join Our Team

Search for LKQ job opportunities today and discover how your expertise can contribute to the global success of LKQ Corporation. We look for passionate, curious, and solution-driven team players who are ready to make an impact.

Explore Careers at LKQ Corporation

Whether you’re seeking a career in management, logistics, customer service, or technical expertise, LKQ Corporation is the place to be. Let’s drive the future together! [SEARCH LKQ JOBS] [READ CAREERS BLOG] [SUBSCRIBE TO JOB ALERT EMAILS] At LKQ Corporation, we’re more than just a company – we’re a community. Join us and help shape the future of the automotive parts industry.
Learn more about LKQ Corporation
Size
46,000 employees
Market Cap
$14.2 billion
Industry
Net Income
$638.4 million
Founded
1998
5 Year Trend
+8.8%
Revenue
$11.6 billion
NASDAQ

Similar Jobs

More Jobs at LKQ Corporation

More Business Services Jobs

Find similar Sr Compensation Analyst jobs: