New

Compensation Advisor

Macy's
$94,200.00 - $156,960.00 / yr
paid time off, paid holidays, tuition reimbursement, 401(k)
United States, New York, New York
Jul 25, 2026
Be part of an amazing story Macy's is more than just a store. We're a story. One that's captured the hearts and minds of America for more than 160 years. A story about innovations and traditions...about inspiring stores and irresistible products...about the excitement of the Macy's 4th of July Fireworks, and the wonder of the Thanksgiving Day Parade. We've been part of memorable moments and milestones for countless customers and colleagues. Those stories are part of what makes this such a special place to work. Job Overview The Senior, Compensation is a Senior Manager equivalent individual contributor role responsible for serving as a compensation advisor to assigned business areas while providing sophisticated analytics and compensation expertise across base pay, incentive, and other compensation programs. This role partners with business leaders, HR partners, and Compensation team members to deliver guidance on compensation decisions, market competitiveness, and compensation program application. Key responsibilities include one or more of the following: providing compensation consultation and recommendations to assigned business areas; conducting in-hire rate and pay change analyses; collaborating with Compensation team members and business partners to develop "what-if" models to assess the impact of compensation plan changes; supporting pilot and test-and-learn initiatives; researching and summarizing market trends and compensation best practices; researching, analyzing, and resolving complex compensation issues; supporting annual merit and incentive planning processes; and delivering sophisticated analytics and insights to inform compensation strategies and decisions. The colleague may also perform other duties as necessary. What You Will Do * Provide compensation consultation and recommendations to assigned business areas, HR Business Partners, and leaders on pay decisions, compensation programs, market competitiveness, and compensation guidelines. * Assess payout trends and the effectiveness of compensation programs, including field incentive plans and salaried base pay programs. * Evaluate the return on investment and effectiveness of incentive programs and support the design of programs that drive measurable business outcomes. * Translate complex analyses and reports into actionable insights and recommendations that inform business and compensation decisions. * Develop Excel-based and other analytical models to assess the financial, organizational, and colleague impact of proposed compensation program changes. * Conduct sophisticated analyses to evaluate the effectiveness and implications of pilots, test-and-learn initiatives, new programs, and compensation policies that support evolving business and talent needs. * Research market trends, compensation practices, and competitive data to support compensation strategy and program recommendations. * Develop and enhance tools, reporting, and resources that enable Business Partners and People Leaders to make informed compensation decisions. * Partner with Compensation team members and cross-functional stakeholders to support annual compensation planning activities, including merit, incentive, and other compensation programs. * Foster a positive, collaborative, and continuous improvement-oriented work environment. * Regular, dependable attendance and punctuality. Who You Are * Bachelor's degree in Human Resources, Finance, Business, Economics, Statistics, Mathematics, or a related field preferred. * 5+ years of experience in Compensation, HR Analytics, Finance, or a related analytical environment with experience analyzing and interpreting large data sets required. * Experience advising leaders and business partners on compensation-related matters, including pay decisions, compensation programs, and market competitiveness preferred. * Working knowledge of HR systems, including Oracle HCM, preferred. * Advanced proficiency in Microsoft Excel required; experience with Microsoft Access, VBA, Power BI, or similar analytical tools preferred. * Demonstrated ability to translate complex analyses into clear, actionable recommendations for leaders and stakeholders. * Strong communication, consultation, and presentation skills, with a commitment to open and continuous communication. * Excellent relationship-building, facilitation, and interpersonal skills, with the ability to influence and collaborate across functions and organizational levels. * Ability to think strategically, analytically, and creatively when solving business and compensation-related challenges. * Strong attention to detail, sound judgment, and the ability to manage multiple priorities in a fast-paced environment. What We Can Offer You Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Enjoy comprehensive health and wellness coverage and a 401(k) match to invest in your future. Prioritize your well-being with paid time off and eight paid holidays. Grow your career with continuous learning and leadership development. Plus, build community by joining one of our Colleague Resource Groups and make a difference through our volunteer opportunities. Some additional benefits we offer include: * Merchandise discounts * Performance-based incentives * Annual merit review * Employee Assistance Program with mental health counseling and legal/financial advice * Tuition reimbursement Access the full menu of benefits offerings [here](https://employeeconnection.net/CareerSiteMedia/2024_2025_Professional_BAAG_Macys_Bloomingdales.pdf). About Us This is a great time to join Macy's! Whether you're helping a customer find the perfect gift, streamlining operations in one of our distribution centers, enhancing our online shopping experience, buying in-style and on-trend merchandise to outfit our customers, or designing a balloon for the Thanksgiving Day Parade, we offer unique opportunities to be part of some of the most memorable moments in people's lives. Join us and help write the next chapter in our story - apply today! This job description is not all-inclusive. Macy's, Inc. reserves the right to amend this job description at any time. Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment. HRCOM00 This position may be eligible for performance-based incentives/bonuses. Benefits include 401k, medical/vision/dental/life/disability insurance options, PTO accruals, Holidays, and more. Eligibility requirements may apply based on location, job level, classification, and length of employment. Additional benefit details are available at macysJOBS.com.