What are the responsibilities and job description for the Compensation Manager position at Quanex?
Quanex is looking for a Compensation Manager to join our team located in Houston, Texas.
The Global Compensation Manager will design, implement, and oversee global compensation strategies, ensuring alignment with our organization's business objectives and compliance with regional regulations. This role will play a critical part in developing a competitive and equitable compensation structure that attracts, retains, and motivates top talent across various regions. The ideal candidate will have extensive experience in global compensation practices, a strategic mindset, and strong analytical and interpersonal skills.
We Offer You!
About Quanex, A Part Of Something Bigger
Quanex (NYSE: NX) is a global, publicly traded manufacturing company primarily serving OEMs in the fenestration, cabinetry, solar, refrigeration and outdoor products markets. We are A Part of Something Bigger by improving the performance and aesthetics of end products through continuous innovation, helping customers achieve greater production efficiencies, dedication to giving back to communities where we operate, producing shareholder value and helping our employees learn, grow, and thrive. Learn more at Quanex.com.
The Global Compensation Manager will design, implement, and oversee global compensation strategies, ensuring alignment with our organization's business objectives and compliance with regional regulations. This role will play a critical part in developing a competitive and equitable compensation structure that attracts, retains, and motivates top talent across various regions. The ideal candidate will have extensive experience in global compensation practices, a strategic mindset, and strong analytical and interpersonal skills.
We Offer You!
- Competitive Salary and bonus potential
- 401K with 5% company match, yours to keep after 2 years
- 15% immediate return if you participate in the company’s ESPP
- Medical, Dental & Vision Plans
- Employer paid disability plans and life insurance
- Paid Time Off & Holidays
- Tuition support for degree and continuous education
- Employee Resource Groups focused on employee empowerment
- Supportive & collaborative culture
- Ongoing interaction with multiple levels of the organization
- Solve challenges and create solutions that benefit both the organization and its employees
- Develop expertise in compensation analysis, benchmarking and other areas of HR
- Compensation Strategy Development: Design and execute global compensation strategies in collaboration with HR leadership, considering market trends, company goals, and employee satisfaction.
- Global Market Analysis: Conduct comprehensive market research and benchmarking to maintain competitive compensation practices across all regions.
- Salary Structure Management: Create and manage global salary structures and pay bands, ensuring consistency, competitiveness, and compliance across locations.
- Incentive Program Oversight: Develop and oversee short- and long-term incentive programs, including annual bonus schemes, equity programs, and other rewards initiatives, including sales compensation.
- Compliance and Risk Management: Ensure compensation programs comply with local and international regulations, including tax laws, pay equity standards, and other relevant compliance requirements.
- Data Analysis and Reporting: Perform regular compensation analyses and provide insightful reports to inform decision-making; identify trends, cost implications, and forecast budgets.
- Stakeholder Collaboration: Work closely with HR partners, finance, and business leaders to understand workforce needs and provide tailored compensation solutions.
- Communication and Education: Educate employees and managers on compensation policies, practices, and philosophy, ensuring transparency and understanding of reward structures.
- Performs other related duties as necessary or assigned.
- Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field. A Master’s degree or professional certification (e.g., CCP, GRP) is preferred
- Minimum of 5-7 years of experience in compensation, with at least 3 years in a global role.
- Strong analytical and quantitative skills, proficiency in compensation analysis tools and HRIS systems, and a deep understanding of global labor markets and compensation regulations.
- Excellent communication and interpersonal skills with a demonstrated ability to work effectively with cross-functional and multicultural teams.
- Highly organized, with a strong attention to detail and a strategic perspective on total rewards
About Quanex, A Part Of Something Bigger
Quanex (NYSE: NX) is a global, publicly traded manufacturing company primarily serving OEMs in the fenestration, cabinetry, solar, refrigeration and outdoor products markets. We are A Part of Something Bigger by improving the performance and aesthetics of end products through continuous innovation, helping customers achieve greater production efficiencies, dedication to giving back to communities where we operate, producing shareholder value and helping our employees learn, grow, and thrive. Learn more at Quanex.com.
Salary : $140,000 - $172,000