Sr. Compensation Analyst - The Toro Company

Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless ofexpirationdate, now or in the future.Who Are We?The Toro Company is a homegrown, Minnesota-based company that has been in business since ****.We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us.From residential lawns and gardens,to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and ahealthy tenure, come find out what makes The Toro Company the best place in the Twin Cities to build a career.Sr. Compensation Analyst at TTC:Analyzes, designs and administers compensation programs such as base pay, long and short-term incentives, spots bonuses and commissions that align with company objectives. Designs and communicates pay structures, job profile grades, compensation budgets and guidelines. Provides thought leadership and strategic advice to create solutions that align compensation policies with business needs to support the attraction and retention of employees. Conducts research and analysis on market competitiveness, compensation trends and regulatory requirements.What Will You Do?In order togrow and build a successful career with The Toro Company, you willbe responsible for the following duties:Partner closely with Human Resources Business Partners and key stakeholders to consult on global compensation needs and initiatives.Lead and support the development, execution, communication and implementation of compensation programs (i.e. base pay, incentive plans, sales compensation, equity) and policies.Perform job evaluations using internal and external data to assign appropriate job grade.Conduct in-depth analysis on job families in partnership with HR and business leaders.Provide high-level strategic insights on complex and challenging compensation situations.Lead annual compensation processes to include merit planning, budget development, salary surveys, market analysis and incentive plan administration.Ensure compensation programs and policies comply with regulatory and legal requirements.Provide executive compensation support.Lead, drive, and support compensation-related projects from inception through execution.Operate independently in high-responsibility tasks, occasionally serve in a team lead capacity.What Do You Need?To be considered for this role, an individual should meet the following minimal requirements:Bachelor's degree in relevant field (HR, Business, Finance or related field)7+ years of broad compensation experience required with a strong track record in designing and implementing compensation strategiesExcellent communication skills, both verbal and written, with strong analytical and quantitative abilitiesExpertise in compensation theory, program design and understanding of regulatory requirementsHighly organized and adaptable with a demonstrated ability to leadDemonstrated critical thinking, listening and problem-solving ability; understands broader implications of decisionsPreferred qualifications:Certified Compensation Professional (CCP) designation preferredPrevious experience working with Workday, CompAnalyst and AON preferredDesign and administration of incentive and sales plans preferredEquity plan administration experience preferredWhat Can We Give You?At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits - The Toro company offers employees at ourBloomington, MN HQlocation a variety ofperks, including:Dress for your day- We knowyou'remore productive whenyou'recomfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.Locationa Convenientlylocatednear both St. Paul and Minneapolis, we are centrallylocatedfor most commuters!Food- Take advantage of our onsite cafA, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.Wellness- The Toro Company's HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees.Volunteerism- The Toro Company is proud to provideemployees20 hours of paid time to volunteer in the community.Summer Hoursa Enjoy a flexible schedule during the summer!By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday.Flexible Work Arrangementsa This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time,has promotedteam-buildingand flexibility.#LI-HybridCompetitive Salarya The pay range takes into account skills, experience, education, and location.It is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the annual pay range is between$120,000 - $150,000.Cash compensation is one piece of our competitive total rewards package.If you need to, you can access your pay early withthedailypayapp.At The Toro Company, we are committed to fostering a secure and trustworthy recruitment process for our applicants. Recruitment fraud is a potential threat to job seekers, so please be aware that throughout our recruitment process,you'llneverbe requiredto pay any fees ordisclosepersonal financial details when applying to TTC opportunities.The Toro Company is an Equal Opportunity Employer. We consider all qualified applicants based on merit and do not discriminateon the basis ofrace, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information, military service, or other non-merit factors. We are committed to creating a welcoming environment for all employees. Apply tot his job