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Manager - Global Compensation in Canton, OH at The Timken Company

Date Posted: 5/23/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Canton, OH
  • Job Type:
    Management
  • Experience:
    Not Specified
  • Date Posted:
    5/23/2018

Job Description

Your Career Begins at Timken 
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken.  Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.

The Opportunity:

Named one of America’s Top Employers in 2017 and one of the World’s Most Ethical Companies for the last eight years straight, The Timken Company, a world leader in engineered bearings and mechanical power transmission products is currently seeking a Manager of Global Compensation in our Total Rewards center of excellence. 

Our Manager of Global Compensation will help shape our compensation philosophy by collaborating with senior executives including the CEO and CHRO and our diverse global business team to support our HR mission of creating an unrivaled workplace where talent is recognized, continually developed and prepared for opportunities as our organization expands into adjacent markets, geographies and product lines.

Driving the advancement of our compensation plans is a major aspect of this role. As our general compensation thought leader, this position will own and manage the ongoing strategy, design, and administration of our general global compensation programs.  Executing annual cash incentive plans (short-term incentive and sales incentive), merit programs, market analysis, surveys and pay structures are important functions of the role.  This position also owns our global relocation program.

Our Manager of Global Compensation will have an award-winning integrated SAP/Successfactors suite available to create compensation tools and capabilities.  Driving innovations through this best-in-class installation will enable the creation of systemic self-operating processes.  

The Basics:

You will be the leader and process owner of Global Compensation which includes: 

  • Experience with global, short-term incentive program designs, the target setting process, administration, reviews and final “scoring” (oversight / ownership)
  • Global merit owner directing the collection of market data, setting annual budgets and overseeing the annual and interim processes
  • Process owner of our job evaluation committee (including FLSA determinations)
  • Process owner and continuous improvement leader in Global Compensation processes including Success Factors compensation /  variable pay tools
  • Directly participating in salary and other market-based surveys
  • Driving efficiencies through systems and automation opportunities, communications and data management tools
  • Owning and managing certain total rewards benefits such as vacation policies, promotion policies, retention guidelines, etc.
  • Owning and managing our Global Relocation program including policy, vendor management and day-to-day administrative matters
  • Opportunity to participate and own various projects:  compensation related; acquisition due diligence and integration when called upon; etc.

As the Compensation driver, you will engage in the research and benchmarking of best practices. You will collect data, drive continuous improvement, re-engineer, and/or refine Timken’s compensation processes, systems and programs.  Your ability to analyze, interpret, make recommendations and persuade executive leaders is an asset.  Using data, facts and trend information to determine an optimal course of action is essential.

The Fit:

With a commitment to providing enhanced employment opportunities, Timken is looking for a candidate who will use their compensation knowledge and experience to positively impact the careers of our highly-driven and engaged employees. As part of the Compensation and Benefits team, this individual will be empowered to create his/her own career vision.  This position will work directly for the vice president of compensation and benefits and manage one direct report and several indirect reports in overseas locations.

To Be Successful You Will Need:

  • Demonstrated ability to influence senior leadership
  • Bachelor’s degree in Compensation/HR, Finance or similar areas
  • Strong practical experience in the global compensation; typically obtained through 7-10 plus years of experience
  • Strong data and talent analytic skills and experiences
  • Strong SAP/SuccessFactors knowledge, skills (configuration/Innovation Cycles) and experiences
  • Excellent verbal and written communication skills
  • Experience in business transformation
  • Proven project management skills, with ability to manage multiple projects at once
  • Demonstrated ability to enforce policies in a diplomatic way while maintaining our high ethical standards
  • Ability to think strategically and develop tactical action plans to achieve business and people results
  • Strong system and diagnostic skills
  • Experience, presence, flexibility, and ability to collaborate and work effectively with people at all levels of the organization from associates to senior executives
  • Certified Compensation Professional
  • Global manufacturing experience

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.