Ritchie Bros Auctioneers Incorporated
Compensation Lead
Ritchie Bros Auctioneers Incorporated, Morris, IL
Job Description
Responsibilities
Qualifications
About Us
RB Global (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 13 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture.
The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; Xcira, a leader in live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport.
About the Team
As a global company, our corporate teams support billions of dollars in equipment sales every year.
In joining our corporate services teams, you will be ensuring the business runs smoothly in your respective verticals and supporting the overall business to achieve our core objectives.
Every day your work will make a difference in the way we run our business and the in the way customers interact with us.
- The Compensation Lead will oversee the administration and implementation of global compensation programs, policies, structures, and practices for the organization. This individual will prepare reports, perform research, analysis, and job evaluations; prepare analyses related to incentive plan design; and will drive global year-end processes such as merit, incentive and PSP (Profit Sharing Plan). The Compensation Lead will be responsible for providing subject matter expertise and support to global client groups on all aspects of broad-based and incentive compensation.
Responsibilities
- Be the subject matter expert for all compensation topics to global client groups.
- Prepare statistical analysis, metrics and data modeling for various compensation structures and programs.
- Perform external benchmarking/job evaluations, prepare analysis and presentations to client groups.
- Drive administration of the global year-end process, including salary and short-term incentive components.
- Assist with development of processes that align with desired configurations in HR technology (Oracle).
- Administer off-of-cycle compensation reviews as required.
- Oversee the development and planning of organization wide compensation programs and policies.
- Partner with the HR Business Partners in developing salary recommendations for internal promotions, market adjustments and internal transfers.
- Partner with the business and HR Business Partners in the development of consistent job descriptions that adhere to company guidelines.
- Develop training tools, and educate employees on all areas of compensation, including market analysis, administration, policy interpretation, and internal equity.
- Make cohesive recommendations to drive process improvements in order to advance compensation workflows and program delivery.
- Perform various research and analyses to determine market competitiveness of compensation programs or to ensure compliance with current legal regulations.
- Manage the compensation survey submission process.
- Manage compliance with applicable regulatory requirements regarding employee pay while staying up to date on current related legislation.
- Establish and maintain a deep understanding of the overall business and how competitive compensation programs enable the execution of the company priorities
- Perform other duties as assigned
Qualifications
- 5+ years of experience in financial or compensation analysis, job evaluation, salary administration
- Strong mathematical aptitude; strong analytical and problem-solving skills
- Advanced Excel skills including VLOOKUPs, pivot tables and other complex formulas.
- Experience with HRIS applications (Oracle preferred)
- Strong interpersonal and communication skills and the ability to interact positively with internal customers.
- Ability to make decisions and operate independently with respect to complex issues and business requirements.
- Ability to thrive in a fast-paced, changing environment, and deal with ambiguity - change agent.
- Ability to act in a professional manner and use appropriate judgment on sensitive, confidential issues
- Typical Business office Environment
About Us
RB Global (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 13 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture.
The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; Xcira, a leader in live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport.
About the Team
As a global company, our corporate teams support billions of dollars in equipment sales every year.
In joining our corporate services teams, you will be ensuring the business runs smoothly in your respective verticals and supporting the overall business to achieve our core objectives.
Every day your work will make a difference in the way we run our business and the in the way customers interact with us.