Compensation Analyst
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The Compensation Analyst supports multiple compensation functions and programs including, but not limited to, executive compensation, salary surveys, variable compensation and salary and job classification structure maintenance. Additionally, the role provides compensation data analysis to solve non-routine business needs, supports compensation project initiatives and recommends solutions to support analyses and/or processes including system enhancements. Consults with team leaders on compensation program guidelines, regulations, and potential issues. Under guidance of team leaders or senior-level team members, advises management on general compensation issues.JOB RESPONSIBILITIES
Compensation Administration
Participates in administration of multiple variable compensation programs.
Provides reports & data analytics for multiple compensation programs which may include, but is not limited to, developing, running, downloading, and formatting standard and complex ad hoc reports; creating job and pay matrices; and ensuring data accuracy. May aggregate data and perform statistical analysis on business data.
Integrates data from multiple data sources or functional areas, ensures data accuracy and integrity, and updates data as needed.
Completes job evaluations by reviewing job responsibilities and requirements; applying market pricing methods and recommending FLSA status and grade.
Accurately interprets and applies policies, regulations, and compensation programs the day-to-day compensation administration. Ensures compliance with multiple local, state, and federal laws.
Creates and updates salary structures.
Conducts analyses related to program costs and trends. Compiles data and conducts analyses to measure and track key compensation metrics
Completes salary surveys which may include executive compensation surveys.
Supports executive compensation programs, including annual and long-term incentive programs, deferred compensation plans and other executive total rewards components.
Works closely with Compensation management to ensure executive policies, programs and legal reporting requirements are accurate and administered in a timely manner.
May assists in the evaluation of compensation plans related to mergers and acquisitions and the integration thereafter.
Conducts on-going analysis of assigned processes. Researches and makes recommendations for process enhancements.
Assists in preparation of annual PROXY statement and/or other executive services projects and assignments as assigned. Supports SOX documentation and compliance.
May assist in preparation of data for Compensation Committee meetings.
Drafts SOPs and job aids for review and approval.
Project Support
Supports team on key compensation projects. Updates project plans and prepares project reports as requested.
Works with team leadership to support department projects
Drafts & recommends annual merit increase guidelines.
Tests and reviews compensation tools and materials for UAT, data accuracy, mathematical accuracy, and job aid helpfulness.
Documents processes and recommends improvements.
Develops job aids, user documentation or training materials for review by senior team members.
Systems and Tools Administration
Maintains and may develop tools to support compensation analyses and processes.
Collaborates with senior team members to develop system requirements and enhancements.
Coordinates with systems teams, and compensation team to test processes and functionality.
This description is not an all-inclusive list of the essential functions or duties related to this job.
MINIMUM Requirements
Education
Bachelor’s degree in Human Resources, Management, Management Information Systems or related discipline or equivalent combination of education and experience.
Certification/License
Certified Compensation Professional (CCP) preferred or working towards CCP.
Experience
At least three (3) year’s compensation administration experience including data analysis, resolving issues, summarizing findings, making recommendations, and preparing supporting compensation.
Experience with executive compensation, Workday and/or Power Query a plus
SharePoint website administration experience a plus
Knowledge, Skills and Abilities:
Demonstrated analytical, organizational and problem-solving skills, as well as detail oriented
Ability to self-manage workload, prioritize multiple deliverables and utilize time effectively to accomplish on-time deliverables
Ability to manage change and work effectively with ambiguous situations
Ability to build professional and trusting business relationships
Advanced MS excel skills
Possesses sufficient knowledge of subject matter and technical expertise to perform with a high level of independence while requiring minimal oversight
Proficient oral and written communication skills
Work CONDITIONS
Work Environment
Work indoors during all seasons and weather conditions
Comply with Corporate dress code policy
Work Postures
Sitting continuously for many hours per day, up to 6 hours per day
May climb stairs to access buildings
Physical Demands
Physical effort requiring manual dexterity is required, includes paperwork, calculators, computers and phone usage
Work Hours
Working beyond “standard” hours as the need arises