Director, Compensation

Saks

Director of Compensation designing comprehensive strategies to attract and retain talent across luxury retail at Saks. Leading compensation initiatives and ensuring compliance with pay equity across various divisions.

Posted 7/6/2026full-timeRemote • New York • 🇺🇸 United StatesLead💰 $166,000 - $216,000 per yearWebsite

About the role

Key responsibilities & impact

Design, implement, and govern comprehensive compensation strategies that attract and retain top-tier talent
Own all aspects of broad-based compensation, market pricing, annual merit cycles, and incentive plan design
Lead the annual participation in luxury retail and general industry compensation surveys
Analyze market trends and data to ensure competitive positioning
Establish and evolve geographic differentials, salary bands, and hourly wage structures
Own the end-to-end execution of the annual merit review, cost-of-living adjustments, and store incentive/bonus planning cycles
Conduct regular internal equity analyses and comprehensive audits to ensure fair pay practices
Partner with Finance to forecast compensation spend, model the financial impact of plan changes

Requirements

What you’ll need

10+ years of progressive experience in compensation management
Advanced Excel skills (modeling, macros, complex formulas) and deep experience working with modern HRIS platforms (e.g., Workday, SuccessFactors) and compensation market pricing software (e.g., MarketPay, Payfactors).
Experience working with compensation consulting firms and market pricing/data
Bachelor’s degree in HR, Finance, Business Administration, or related field
Certified Compensation Professional (CCP) designation is a strong plus.

Benefits

Comp & perks

medical insurance
dental insurance
vision insurance
401(k) retirement plan
basic life insurance
supplemental life insurance
disability insurance
a variety of additional voluntary benefits (such as critical illness, hospital and accident insurance)

ATS Keywords

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Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools

Compensation Strategy DesignMarket Pricing Software (MarketPay, Payfactors)Data AnalysisCost-of-Living AdjustmentsAnnual Merit Review Execution

Certifications

Certified Compensation Professional (CCP)