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Compensation Manager

Fox Factory
Full-time
On-site
Duluth, Minnesota, United States
Compensation Manager

What We Do

FOX Factory designs, engineers, manufactures and markets performance-defining products and systems for customers worldwide. Our premium brand, performance-defining products and systems are used primarily on bicycles, side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Some of our products are specifically designed for and marketed to a variety of leading cycling and powered vehicle original equipment manufacturers ("OEMs"), while others are distributed to consumers through a global dealer and distribution network. Fox Factory Holding Corp. is the holding company of FOX Factory, Inc. and is publicly traded (FOXF) on Nasdaq. 

Why you should join us

Not only do we provide competitive wages, you will also have access to great benefits and employee

discounts. But more importantly, it’s a fun environment where we truly enjoy working as a team and

bringing great products to our customers!

If this sounds like something you would love to do, and a place you want to be a part of, get in touch

with us by submitting your application. We look forward to hearing from you!

Position Summary:

Designs, maintains, and manages compensation programs, which includes base pay, bonus, stock and executive compensation. Directs development and application of job evaluations, job descriptions, compensation grading and pricing to tie to market rates, compensation guidelines and policy.

Position Responsibilities:

  • Contributes to the company's Compensation strategy and leads Compensation policy and procedure development.
  • Designs, implements and maintains competitive, cost-effective, and equitable broad-based and compensation programs globally.
  • Develops, implements, and maintains a job architecture globally. Works with HR field team to build career lattices per functional area. 
  • Provides input to maintain regulatory compliance, including the US Department of Labor, OFCCP, EEOC, etc.
  • Implements and administers incentive plans including the creation and maintenance of an incentive accrual process in partnership with the company's Finance team.
  • Drives consistency and compliance with Sales Commission plans through strong partnership with Finance, Sales Leaders and HRBP's.
  • Supports the Company's mergers and acquisitions due diligence and integration activities.
  • Leads the strategy of the annual compensation cycles for employees.
  • Creates a strong partnership with HR Operations on program management of multiple compensation programs throughout the year.
  • Leads the configuration and ongoing management of the Advanced Compensation module within Workday.
  • Creates reports and conducts analysis to prepare results for executive review.  May provide information for the Compensation Committee and Board of Directors.
  • Provides consultation and advises HR, supervisors, managers, and employees on compensation matters including internal and external market analysis.
  • Manages global compensation surveys including data submissions and surveillance of the external market to ensure the company has adequate benchmark data to make timely, competitive, and accurate compensation decisions.
  • Provides annual input on salary and bonus budgeting. 
  • Involved in rollout of Compensation Structure globally to be transparent to employees. 
  • Performs other duties and responsibilities as assigned.

Specific Knowledge, Skills or Abilities Required:

  • Ability to work with all levels of management and the workforce as well as team members.
  • Must be able to function independently, be a hands-on contributor, work with ambiguity, demonstrate a high degree of confidentiality, business decision-making skills, have ability to execute projects/tasks, and manage across various groups.
  • Excellent project management skills including the ability to collaborate, organize, execute, and plan large-scale projects.
  • Strong data analysis capabilities.
  • Must have strong attention to detail, problem solving, and troubleshooting skills.
  • Service-minded with excellent interpersonal and communication skills.
  • High proficiency in Microsoft Office, especially MS Excel.

Position Qualifications:

Education:

  •  Bachelor’s degree in human resources or related field required.
  •  Compensation certification a plus.

Experience:

  • 3+ years of experience in compensation program management, including experience with job architecture and incentive plan design preferred.
  • 1+ years’ experience with Workday configuration and Advanced Compensation Module administration required.
  • Some sales commission experience a plus.

Work Environment and Physical Requirements:

Disclaimer:  This list does not represent all physical demands.  Descriptions are representative of those that must be met by employees to successfully perform the essential functions of the job.  Reasonable accommodation may be provided to enable individuals with disabilities to perform the job’s essential functions.

Note:

FOX provides equal employment opportunities for all employees and applicants for employment without regard to race, color, ancestry, national origin, gender, gender identity, sexual orientation, marital status, religion, age, physical disability (including HIV and AIDS), mental disability, results of genetic testing, or service in the military, or any other characteristic protected by the laws or regulations of any jurisdiction in which we operate.  We base all employment decisions –including recruitment, selection, training, compensation, benefits, discipline, promotions, transfers, layoffs, terminations, and social/recreational programs – on merit and the principles of equal employment opportunity.

Fox offers an excellent compensation package and wide-ranging opportunities for professional development.  Medical, Dental, Vision, Health Spending and Dependent Care Savings Accounts, Disability and Life Insurance benefit programs are available, as is a 401k plan with employer matching. Eligibility for all benefit programs is defined by the applicable plan document or employee handbook.