Compensation Analyst

POSITION SUMMARY:  

The Compensation Analyst is responsible for administering NMDP’s base pay and bonus programs. This position partners with others in HR and other internal stakeholders to evaluate, and market price jobs, support competitive and equitable employee pay positioning, and ensure compliant policies and programs for NMDP.

ACCOUNTABILITIES: 

Compensation Program Analysis and Administration:

• Manages data from multiple sources to administer employee compensation programs including annual and semi-annual increase processes, incentive plans, and discretionary plans as needed.
• Manages overall administration of Annual Incentive Plan, including year-end calculations and payouts, and facilitates quarterly goal tracking and expense forecasting process with key stakeholders.
• Partners with internal stakeholders to administer the Regional Team Incentive Plan.
• Participates in third party salary surveys and manages survey data results in online compensation platform.
• Produces materials to administer organization-wide annual merit, and semi-annual promotion and adjustment processes.
• Operates as an internal resource for compensation program details, administration and project management to ensure consistent delivery of compensation programs.
• Periodically updates internal resources and online compensation platform to ensure current data is available.
• Maintains knowledge and understanding of all applicable laws, statues, updates, and/or regulations to ensure appropriate compliance in all areas of compensation.

Position Compliance and Analysis:

• Regularly evaluates the state of current roles within the organization to ensure consistency in areas including but not limited to: FLSA compliance, position parity, job leveling, market pricing for like roles.

• Partners with HR Business Partners and business leaders to evaluate and classify jobs, and review job descriptions to accurately describe job content.

• Utilizes all available resources to ensure most accurate and complete assessment of position analysis including: internal systems data, purchased surveys, available market data.

• Provides guidance, recommendation, and feedback as needed for newly created positions within the organization to ensure consistency and internal equity as it relates to compensation decisions and provides that guidance to strategic business partners and leaders.

• Conducts regular audits to monitor company programs and employee pay rates for compliance with federal, state, and local legislative requirements.

• Other duties as assigned. 

REQUIRED QUALIFICATIONS: 

Knowledge of: 

• Federal, state and local compensation laws and regulations
• Trends and best practices of market data 
• Compensation plan design and best practices

Ability to: 

• Collaborate across HR functions and with other key stakeholders within the organization
• Respond quickly to needs of operational leaders regarding ad hoc analysis of roles and/or compensation leveling
• Communicate effectively both verbally and in written form
• Analyze complex data to provide feedback that supports the decisions needed by leadership
• Scrutinize and deliver accurate and timely requests for information
• Anticipate the needs of various stakeholder groups through proactive analysis of requests
• Maintain highest level of confidentiality when dealing with employee compensation information
• Present at any and all levels of stakeholder engagement from individual contributor to Board Committee

Education and/or Experience: 

• Bachelor’s degree in Human Resources, Business, Finance or a related field

• Minimum 2 years in the administration of compensation programs and policies

   

 PREFERRED QUALIFICATIONS: (Additional qualifications that may make a person even more effective in the role, but are not required for consideration) 

• Project management experience

• Pursuing CCP certification