Compensation Specialist

Company Overview

Sleep Number team members are part of a passionate, purpose-driven culture that supports improving the health and wellbeing of society through higher quality sleep. We are not just focused on our customers, however; being employed by Sleep Number means your personal wellbeing is important, too. As we continue to grow, we are looking for team members who will bring their unique personalities, backgrounds, and skills to work. Whether you are entering, returning, or experienced in the workforce, we have a place for you.

In our 35+ years in the industry we have improved over 14 million lives, and we are just getting started. With 5,000+ team members nationwide supporting work disciplines from technology to manufacturing, retail stores to field services technicians, corporate teams to customer service, we are a sleep innovation leader because of our team members. Now is a great time to join us as we invest further in our people and sleep innovation. #TeamSleepNumber

Position Purpose

The Compensation Specialist is responsible for resolving variable compensation processing inquires, processing and auditing variable compensation plans, and completing data audits, analysis, and reporting. As part of the Total Rewards team, this role also manages the commissions inbox, processes commissions, and monitors and processes minimum wage.

Responsibilities

• Monitor the commission inbox and respond to variable compensation processing inquiries. Respond to team member compensation questions and partner with HRBPs and payroll, as applicable, to resolve issues.
• Process, monitor and audit commission input data. Process each fiscal period based upon current compensation plans, as well as manual variable pay calculations, accurately and timely.
• Own enterprise minimum wage compliance including monitoring, updating, and processing pay changes to ensure timely compliance with Federal, state, and local minimum wage laws.
• Collaborate with HRBPs, TA, HR Operations, and Finance to effectively communicate and process changes.
• Complete routine data audits (e.g., realignment, LOAs for bonus eligibility, goal reductions, PTO) and update OIC, as applicable.
• Perform ad hoc and routine analyses of commission data and information for distribution throughout the company (includes monthly dashboards, New Hire PTG Analysis).
• Assist with OIC configurations required for compensation plan updates. Maintain commissions reporting, including regular and ad-hoc function and business reports.
• Regularly monitor new hires, terms, and other TM changes and input into CRM to keep OIC data current.
  
  

Requirements

• Bachelor’s degree or equivalent related work experience, plus 1-3 years of relevant experience
• Proficiency with MS Excel including experience using pivot tables
• Strong analytical and mathematical skills
• Proficiency in data management and reporting tools preferred
  
  

Working Conditions

• Sleep Number offers a hybrid work arrangement including a balance of remote work and in office collaboration opportunities at our HQ office in Minneapolis, Minnesota
  
  

Wellbeing

Our company's purpose is to improve the health and wellbeing of society.

Wellbeing is more than a catchphrase - it's a movement that permeates our company and through our team members. We are dedicated to enhancing and supporting the wellbeing of our team members and their families through benefits, programs, and resources across our five wellbeing pillars of emotional, financial, career, community, and physical health, with sleep at the center.

By joining our team, in addition to offering competitive pay programs, we are proud to offer eligible team members an extensive benefits package including, but not limited to medical and pharmacy benefits, dental, life and disability insurance, a matched 401(k) Plan, paid time off, and much more.

Examples Of How We Invest In Your Wellbeing

• Sleep - Our 360® smart bed for team members, and discounts on our innovations and sleep solutions for yourself and friends and family throughout the year.
• Physical - Wide range of wellbeing resources and services through our medical plans to improve your physical health.
• Emotional - Access to mental health resources, caregiving support, paid time off and parental leave to support your emotional wellbeing. Work for your day flexibility, available for select corporate roles.
• Financial - Competitive base and variable pay programs, ability to save for the future through a matched 401(k) plan and financial support to recover from an illness or injury.
• Community - Paid time off for volunteering and connections to our communities through our Diversity, Equity & Inclusion initiatives, and support for charitable causes.
• Career - Opportunities for career development and continuous learning, including a tuition reimbursement program.
  
  

Safety

Safety is a top priority for Sleep Number supporting customers and team members wellbeing. COVID-19 Precaution(s) are in place consistent with CDC guidelines, U.S. Department of Labor’s Occupational Health & Safety Administration (OSHA), and state/local laws.

EEO Statement

Sleep Number is an equal opportunity employer. We are committed to recruiting, hiring and promoting qualified people and prohibit discrimination based on race, color, marital status, religion, sex (including gender, gender identity, gender expression, transgender status, pregnancy, childbirth, and medical conditions related to pregnancy or childbirth), sexual orientation, age, national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state, or local law.

Americans With Disabilities Act (ADA)

It is Sleep Number’s policy to provide reasonable accommodations to qualified individuals with disabilities during the application process, consistent with applicable law. We may require supporting medical or religious documentation where applicable and permissible by law. If you are a qualified individual, you may request a reasonable accommodation at any time during the selection process, including if you are unable or otherwise limited in your ability to access open roles here.