Analyst, Compensation

GENERAL PURPOSE

To provide analytical and other professional level support to the compensation function. Support management in the design, development, implementation and administration of pay programs including base pay, salary administration, salary surveys, job descriptions and evaluations, salary/market pricing analysis, and incentive programs. This position will proactively handle day-to-day compensation program administration.

ESSENTIAL FUNCTIONS

• Analyzes, documents, and evaluates new and revised jobs to develop job descriptions and recommend appropriate grade level and FLSA status using market data and internal comparisons to ensure external competitiveness and internal equity.
• Leads annual compensation planning processes (Focal), including salary structure updates, merit increases implementation, and incentive awards modeling.
• Reviews requests for pay actions, including promotions and salary equity adjustments, for conformance to guidelines, policies, and practices. Performs market research and makes recommendations relating to requests outside of pay guidelines.
• Performs competitive pay analysis and modeling in support of merit and incentive programs and ongoing job evaluation needs.
• Prepares and analyzes salary survey data submissions. Uses results from survey data to determine organization’s competitive position.
• Formulates recommendations regarding development and maintenance of compensation guidelines, salary structure, merit increase budget and geographic differentials to maintain competitive position in the market.
• Supports the maintenance and update of compensation related data in the HRM system, the market data tool, and the compensation planning tool.
• Monitors minimum wage laws in jurisdictions where the company operates and reviews impact of changes on compensation cost.
• Monitors compensation practices and ensures compliance with laws and regulations and advises management of regulatory changes.
• Other projects and duties as assigned

ESSENTIAL FUNCTIONS (cont.)

COMPETENCIES

Plans, Aligns & Prioritizes

Leading by Example

Communicates Effectively

Business Acumen

Ensures Accountability & Execution

Organizational Agility

Collaboration

Manages Conflict

QUALIFICATIONS & SPECIAL SKILLS REQUIRED

• 3+ years progressive analytical experience, preferably within Compensation, finance, or other HR discipline
• CCP or course work completed towards CCP preferred
• Excellent PC skills including Microsoft Office (Excel, Word, and PowerPoint) with extensive advanced Excel experience preferred (macros, v-lookups, pivot tables, and other advanced functions)
• Advanced analytical skills with the ability to synthesize data to support findings and recommendations
• Experience querying and working with large datasets
• Experience with job evaluation and market pricing methods preferred
• Strong problem-solving and research skills
• Excellent interpersonal, verbal, and written communication skills at all levels of the organization
• Ability to build relationships with Human Resources partners
• Strong organizational and project management skills, along with the ability to succeed in a fast-changing business environment and understand the need for urgency
• Ability to manage conflicting priorities under tight deadlines with an ability to take ambiguity in stride
• Flexible and proactive problem solver adept at achieving results in a team-oriented and collaborative environment, with dual ability to function effectively working independently
• Ability to handle extremely confidential information in a professional and discreet manner

EDUCATION / CERTIFICATIONS

• Bachelor’s degree required

PHYSICAL REQUIREMENTS

Job requires ability to work in an office environment, primarily on a computer

Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, and working with paper/files, etc

Consistent timeliness and regular attendance

Vision requirements: Ability to see information in print and/or electronically

This role requires regular in-office presence, including to engage in in-person team interaction, meetings and collaboration, client support, mentoring, coaching, and/or feedback

However, this role can perform duties effectively using a combination of in-office and remote work

SUPERVISORY RESPONSIBILITIES

None