Job description

About the Role

Macy’s is a historic and beloved retailer in the United States with over 160 years of tradition and innovation. As a Compensation Advisor, you will serve as a key consultant on compensation matters for designated business units, leveraging your expertise in pay programs, incentives, and analytics to inform strategic decisions. This role offers the opportunity to partner closely with business leaders, HR teams, and Compensation colleagues to guide pay practices and program design to remain competitive and effective.

Key Responsibilities

Deliver compensation guidance and tailored recommendations to business partners, HR, and leaders on pay decisions, market competitiveness, and compensation framework application.
Analyze payout trends and assess how well compensation programs, including incentive and base pay plans, are performing.
Examine the financial return and impact of incentive initiatives, supporting the creation of plans that drive tangible business results.
Convert advanced analytical insights and reports into practical recommendations that influence compensation strategy and business decisions.
Build and maintain detailed Excel and other analytical models to evaluate the organizational and financial outcomes of potential compensation changes.
Conduct in-depth analyses of pilot projects, test initiatives, compensation policies, and new programs to assess their effectiveness and alignment with evolving talent needs.
Research external market data and compensation trends to inform program development and strategic planning.
Create and improve tools, dashboards, and resources that empower business and people leaders to make knowledgeable compensation choices.
Collaborate with compensation team members and cross-functional stakeholders to support annual merit reviews, incentive planning, and other compensation cycles.
Promote a collaborative, positive, and continuous enhancement-oriented environment within the team.
Maintain consistent attendance and punctuality.

Candidate Profile

Bachelor’s degree in Human Resources, Finance, Business Administration, Economics, Statistics, Mathematics, or similarly related fields is preferred.
Minimum of 5 years’ experience in compensation, HR analytics, finance, or related fields involving complex data analysis.
Proven ability to advise leadership and HR partners on pay decisions, compensation structures, and market positioning preferred.
Familiarity with HR information systems such as Oracle HCM is advantageous.
Advanced skills in Microsoft Excel required; proficiency with Microsoft Access, VBA, Power BI, or equivalent analytics tools is desirable.
Strong aptitude for simplifying complex data into actionable insights for diverse audiences.
Excellent communication, consultation, and presentation abilities, with a commitment to transparent and ongoing dialogue.
Outstanding relationship building, facilitation, and interpersonal skills that enable effective influence and collaboration across various teams and seniority levels.
Strategic, analytical, and innovative mindset to address compensation challenges creatively and thoughtfully.
Meticulous attention to detail, sound judgment, and capability to manage several priorities within a fast-paced environment.

Benefits and Perks

Join Macy’s and enjoy an inclusive and rewarding workplace. Competitive salaries and benefits include:

Comprehensive health and wellness coverage (medical, dental, vision, life, disability insurance)
401(k) retirement plan with matching contributions
Paid time off, including eight paid holidays
Merchandise discounts
Performance-based bonuses and annual merit increases
Employee Assistance Program offering mental health counseling and legal/financial support
Tuition reimbursement programs
Opportunities for continuous learning and leadership growth
Engagement in Colleague Resource Groups and community volunteer programs

Additional Information

This position may be eligible for performance-based incentives or bonuses. Eligibility for certain benefits may depend on location, job level, employment classification, and tenure. Macy’s values diversity and inclusion and is an Equal Opportunity Employer. This job description isn’t exhaustive and may be updated at Macy’s discretion.

Compensation Advisor