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Penn State Job Catalog

Compensation Manager – Principal Manager (PSU1843)

Additional Levels

Additional levels that exist for this job profile can be seen below.

Job Strings

The defined natural career progression within or between job profiles.

Employee Compensation



Job Summary

The Compensation Manager oversees and manages the University’s compensation programs to ensure they are competitive, equitable, and aligned with organizational objectives; designs and implements compensation structures, conducts market analysis, and ensures compliance with relevant laws and regulations; collaborates with senior leadership and HR teams to develop strategies for attracting, retaining, and motivating employees through effective salary programs; oversees compensation budgets; develops compensation policies and analyzes compensation data to provide strategic recommendations.

Representative Duties

  • Develop and implement comprehensive compensation strategies that align with the University’s business goals and objectives; provide strategic direction on compensation issues to senior leadership
  • Oversee the design and management of compensation programs; ensure programs are competitive and meet the needs of the organization and its employees
  • Provide strategic and tactical guidance to the compensation team as well as serve as the escalation point for complex/high priority compensation matters
  • Lead the execution of annual compensation processes (annual salary increases, job profile reviews, market/equity reviews, etc.)
  • Conduct regular market research and benchmarking to assess the competitiveness of compensation practices; analyze market trends and compensation data to inform strategic decisions and adjustments
  • Create and maintain compensation policies and procedures that comply with federal, state, and local regulations; ensure practices are consistent with industry best practices and organizational standards
  • Manage the compensation budget, including planning, forecasting, and cost control; provide insights and recommendations on compensation-related expenses and ensure budget adherence
  • Oversee the collection, analysis, and reporting of compensation data; develop and present reports and dashboards to support decision-making and strategic planning
  • Ensure compliance with all compensation-related laws and regulations; monitor and interpret changes in compensation legislation and adjust policies and practices accordingly
  • Ensure programs, policies, and procedures support and enhance the goal of achieving a diverse workforce
  • Lead and manage the compensation team; provide guidance, support, and development opportunities to team members to ensure high performance and professional growth

Level Matrix

Level:
Principal Manager
Base Description:
– Manages direct reports where primary duty is the management of a working unit.
Level Summary:
– Demonstrates awareness of broad issues and management trends. Applies exemplary management principles. Evaluates impact of policy and adjusts accordingly. Ensures appropriate skills are developed and maintained within team/unit. Realigns staff responsibilities to meet desired changes. Provides administrative and policy direction. Develops and articulates broad goals. Fosters collaboration between units. Engages in written and verbal communications that reach a university-wide and/or broad external audience. Develops and implements solutions to highly complex and often controversial problems.
Supervisory Responsibilities:
– Oversees teams of other supervisors/managers
– Leads a business unit
Fiscal Responsibilities:
– Plans, forecasts, develops, and/or approves budgets
– Typically has final signature authority for business unit
Problem Solving:
– Encounters highly varied and complex problems that may have a significant impact on multiple units and/or the University
– Regularly develops creative and/or novel approaches to resolve the most difficult problems
– Creates an environment that encourages imaginative solutions to problems
Independence of Action:
– Work results are not clearly defined and may be frequently changing
– Sets own goals and determines how to accomplish results with few or no guidelines to follow
– Oversees completed work of others and is accountable for unit results
– Delegates advanced tasks to others and provides guidance to team members
Communication and Collaboration:
– Communicates with both internal and external audiences
– May represent the University externally
– Collaborates closely with team members and other leaders across the University
– Communicates a compelling vision that inspires and motivates others
Salary Structure
  • Comp Grade – 16
  • Minimum – $123,200.00
  • MidPoint – $157,100.00
  • Maximum – $191,000.00
FLSA Exemption Status
Exempt
Minimum Education
Bachelor's Degree
Minimum Experience
10+ years of relevant experience, includes 5+ years of supervisory experience
Equivalency
Or an equivalent combination of education and experience
Additional Job Requirements