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CarMax

Director of Compensation

Position Description

The Director of Compensation is responsible for directing the strategic planning, design, implementation, maintenance, regulatory compliance, communication, and administration of all corporate-wide compensation programs consistent with the organization’s human capital objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Design and develop compensation strategies for CarMax in its entirety
  • Partner with CarMax leaders to understand business needs and ensure compensation practices allow for attraction and retention of key talent
  • Stay current on industry compensation practices and changing legal issues, assessing their potential impact on the business
  • Anticipate future business changes and challenges and proactively partner with legal, HR and business partners to develop and gain buy-in on new or revised compensation plans
  • Work closely with HR Partners on organizational design, career paths, and adjustments to existing job levels, titles, and pay relationships
  • Provide leadership, support, and consulting to business leaders in all areas of compensation
  • Oversee all development and administration of compensation programs including, but not limited to, base pay, merit, commission, bonus, equity, and all other incentive plans
  • Oversee analysis of market compensation studies and external benchmarking, job analysis, and pay structure development of annual merit review, short-term and long term incentive programs
  • Design sustainable system solutions for all compensation related programs and data

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Position Requirements

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Ability to communicate effectively (written and verbal) with all levels of the organization
  • Ability to convey a professional and positive image to applicants and associates
  • Ability to analyze issues both quantitatively and qualitatively to drive decisions, and develop effective alternatives and action plans
  • Ability to lead teams and develop direct reports to allow them to grow professionally, improve performance, effectiveness, and efficiency, while maintaining or increasing engagement.

EDUCATION and/or EXPERIENCE:

  • B.S. or B.A. degree in Human Resources, Business Management or other related function is required. An MBA or other business related graduate degree and CEBS certification is desirable.
  • Minimum of 7 year of extensive knowledge of compensation development, design, implementation, and administration, financing methodologies, compliance and controls, as well as the compensation legal environment.
  • 5+ years of experience leading teams and managing projects with broad business and associate impact
Job ID: f74c4228f7685a4641e9ec28ef01b8d0
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • Fitness Subsidies
    • Pet Insurance
    • Mental Health Benefits
  • Parental Benefits

    • Adoption Assistance Program
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Stock Purchase Program
  • Professional Development

    • Tuition Reimbursement
    • Internship Program

This job is no longer available.

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