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Signet Jewelers is the world's largest retailer of diamond jewelry, operating more than 2,800 stores worldwide under the iconic brands: Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Banter by Piercing Pagoda, Rocksbox, JamesAllen.com and Diamonds Direct. We are a people-first company and this core value is at the heart of everything we do, from empowering our valued team members, to collaborating with our customers, to fostering the communities in which we live and serve. People – and the love their actions inspire – are what drive us. We’re not only proud of the love we inspire outside our walls, we’re especially proud of the diversity, inclusion and equity we’re inspiring inside. There are dynamic career paths awaiting you – rewarding opportunities to impact the lives of others and inspire love. Join us!
POSITION SUMMARY:
We are seeking a highly skilled Compensation Analyst to join our dynamic team at Signet! This role will be central to shaping and evolving our compensation programs, focusing on compliance, market competitiveness, and innovative incentive strategies. As we transition to a more sophisticated incentive management system, this is an exciting opportunity to make a direct impact on our compensation practices and contribute to the growth of the business. You will work closely with key stakeholders and lead critical initiatives around incentive plan administration, market pricing, and corporate compensation processes.
This position is based in Dallas, TX, and adheres to Signet’s hybrid work policy.
KEY RESPONSIBILITIES:
- Compensation Strategy & Compliance: Lead the monitoring of minimum wage changes and exempt threshold adjustments to ensure compliance with federal and state regulations. Proactively identify areas of opportunity to optimize compensation strategies.
- Incentive Program Leadership: Take ownership of incentive plan administration for field team members. Play a pivotal role in the transition from a manual to a more automated incentive system, ensuring smooth execution and greater efficiency.
- Market Pricing & Job Evaluations: Conduct in-depth market pricing for support center roles, using a data-driven approach to ensure alignment with industry standards. Collaborate closely with HR Business Partners and leadership to ensure our compensation offerings remain competitive.
- Data Analysis & Reporting: Utilize market data, compensation trends, and internal pay equity data to provide actionable insights and recommendations. Regularly present findings to key stakeholders to influence business decisions.
- Corporate Compensation Programs: Support annual compensation processes, including Short-Term Incentive Plans (STIP), Long-Term Incentive Plans (LTIP), and merit increases. Assist in aligning compensation strategies with company goals.
- Industry Best Practices: Stay ahead of industry trends and best practices. Contribute to the development and optimization of compensation policies and procedures to ensure efficiency and best-in-class practices.
- Compensation Surveys: Participate in compensation surveys to gather relevant data for benchmarking and decision-making.
POSITION REQUIREMENTS:
- Experience: Minimum of 2 years of experience in compensation analysis or a related field. A strong understanding of compensation structures, incentive programs, and compliance regulations is a must.
- Education: Bachelor’s degree in Human Resources, Business, Finance, or a related field.
- Technical Skills: Experience with compensation platforms such as ERI, Workday, CompAnalyst, and SAP Callidus/SF Incentive Management. Familiarity with advanced compensation systems is a plus.
POSITION QUALIFICATIONS:
- Strong analytical skills with the ability to interpret complex compensation data and make data-driven recommendations.
- Excellent communication and interpersonal skills to effectively collaborate with internal teams and external vendors.
- Ability to thrive in a fast-paced, evolving environment, with a proactive approach to problem-solving.
- High attention to detail and accuracy in managing compensation-related data.
- A passion for staying informed on compensation trends and continuously improving compensation practices.
BENEFITS & PERKS:
- Competitive healthcare, dental & vision insurance
- 401(k) matching after one year of employment
- Generous time off + company holidays
- Diversity Programs
- Much more!