Compensation Manager

Job Description

The Compensation Manager develops, implements, and administers compensation programs across the organization to ensure external competitiveness and alignment with Fortune Brands Innovations’ Total Rewards objectives.

As a key member of the Global Compensation team, you will actively manage Broad Based Compensation projects and will be the Compensation partner for one or more of Fortune Brands’ core functions or lines of business providing expertise, support and advice on all aspects of compensation. You will also serve as project lead for various enterprise-wide compensation initiatives to identify opportunities for enhancement and change in compensation programs, policies, and procedures. This is a hands-on role requiring the ability to understand and work with complex data, demonstrate a take-action mindset in a changing and growing environment, and exhibit attention to detail and accuracy from start to finish in completing projects.

Responsibilities

• Manage various global compensation-related projects which involve assessment and re-design of existing or development of new compensation programs.  This includes project management, partnering with appropriate internal and external resources and ensuring that projects achieve desired goals and objectives.
• Partner with business leaders and HR Business Partners to address compensation challenges and concerns, including but not limited to talent retention, internal compression, and market competitiveness. Provide advice and counsel and design and implement solutions to address challenges.
• Evaluate new and revised jobs as appropriate following Fortune Brands Innovations’ job evaluation process Conduct and oversee market pricing activities for purposes of making pay recommendations.
• Manage Fortune Brands’ global annual planning cycle (salary budgets, salary structures, merit review, incentives payout planning process) in collaboration with other center of expertise members such as Talent and HR Technology. This includes responsibility for the configuration of technology platform for annual planning.
• Partners with HR Technology to ensure that Fortune Brands’ HR Technology System (Workday) meets Global compensation needs and support Fortune Brands’ compensation objectives and our annual planning needs.
• Ensure that the administration of various compensation programs are in compliance with established guidelines, processes and procedures.  This will include programs such as incentive compensation, sales compensation, annual merit review cycle, pay changes.
• Conduct and participate in global compensation surveys or special compensation studies to maintain the company’s competitive position within the marketplace.  This may require creation of market-specific surveys, establishment of target audience, communications, data collection, analysis, and feedback on results.
• Develop and deliver communications, training and education for compensation programs targeting different audiences such as associates, managers, senior leaders and HR Business Partners.
• Ensure compliance with national, state/provincial and local compensation laws and regulations in locations where Fortune Brands Innovations operates.
• Coach and mentor talent on the compensation team. May manage a direct report.

Qualifications

• Bachelor’s degree in business, Human Resources or a related field.
• Minimum of 10 years of progressive compensation experience in a center of expertise or corporate compensation function or with a consulting firm providing compensation partnership to business stakeholders.
• Minimum of 5 years leading large compensation projects
• Workday experience including incentive processing experience in Workday is required
• Experience within a large, geographically dispersed, multi-site organization

Preferred Qualifications

• Experience in Sales Compensation and M&A activity.
• CCP (Certified Compensation Professional) completed or in-progress.
• Global Compensation experience.
• Background in global and executive compensation practices and programs is a plus
• Demonstrated project management capability
• Enthusiasm for staying updated with the latest technological advancements in Compensation and HR

Additional Information

Company Description:

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here

Additional Information:

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $105,000 USD - $165,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan.

At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.

Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.

Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN

Equal Employment Opportunity:

FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

Reasonable Accommodations:

FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.

To protect yourself from fraudulent job postings or recruitment scams, please note that FBIN job postings are exclusively hosted on our careers page at www.fbin.com/careers>.