This position will play a key role in the administration and organization of compensation related information, including compensation frameworks and models, leading and participating in annual and ad-hoc market surveys and providing analysis of the results. The compensation analyst will be the key point of contact in the administration of workforce and compensation information required in support of internal company budgeting and forecasting tools. Develop and maintain compensation reporting in support of HR organization and Business Units.
DUTIES AND RESPONSIBILITIES
- Develop strong partnership and consultation with recruiting teams and business unit leaders on compensation related issues insuring quality service and responsiveness;
- Respond to business unit leads and recruiting team requests on compensation related issues; conduct ad hoc analysis based on business needs: provide solutions/recommendations based on thorough analysis on internal and external data;
- Develop and maintain appropriate compensation data sources and interfaces to support company's budgeting and forecasting system;
- Analyze job descriptions and specifications; establish rates equitable within the organization and as compared to market. Assist with special salary requests for competitive salary offers;
- Conduct analysis on internal and external salary statistics; participate in external compensation surveys; and provide research with peer companies
- Conduct complex analyses of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness and legal compliance
- Based on the information provided, recommend, develop and implement employees' compensation structure, which may involve evaluating new employee job titles and classification.
- Adhere to and ensure compliance with applicable federal, state laws and regulatory agencies, internal requirements and HR policies;
- Performs analysis to develop, implement, and administer compensation policies and programs
- Leads projects / initiatives to develop new compensation structures and programs
- Build modeling analysis for programs to determine cost and viability of incentive recommendations
- Review of proposed salary adjustments for conformance to established guidelines, policies, and practices
- Recommend corrective or alternative actions to resolve compensation related problems
- Review requests for new or revised classifications to determine appropriate salary grade assignment, title, FLSA status, etc.
- Complete other projects and assignments as assigned
QUALIFICATIONS AND REQUIREMENTS
- 5 - 8 years of corporate compensation administration experience preferably in a large organization.
- CCP, CSCP, CECP, PHR, and/or SPHR certifications highly desirable
- High level of proficiency with Microsoft Excel, Access, Word, PowerPoint and HRIS systems (Lawson, SAP).
- Ability to interface with all levels of employees, including executives, and work in a fast-paced team environment.
- Excellent analytical and quantitative skills.
- Ability to prioritize and manage multiple tasks concurrently while meeting deadlines with a strong sense of urgency
- Excellent communications skills, both interpersonal and writing.
- Strong abilities to work well in a team environment (cooperative and collaborative behavior).
This position will play a key role in the administration and organization of compensation related information, including compensation frameworks and models, leading and participating in annual and ad-hoc market surveys and providing analysis of the results. The compensation analyst will be the key point of contact in the administration of workforce and compensation information required in support of internal company budgeting and forecasting tools. Develop and maintain compensation reporting in support of HR organization and Business Units.
DUTIES AND RESPONSIBILITIES
- Develop strong partnership and consultation with recruiting teams and business unit leaders on compensation related issues insuring quality service and responsiveness;
- Respond to business unit leads and recruiting team requests on compensation related issues; conduct ad hoc analysis based on business needs: provide solutions/recommendations based on thorough analysis on internal and external data;
- Develop and maintain appropriate compensation data sources and interfaces to support company's budgeting and forecasting system;
- Analyze job descriptions and specifications; establish rates equitable within the organization and as compared to market. Assist with special salary requests for competitive salary offers;
- Conduct analysis on internal and external salary statistics; participate in external compensation surveys; and provide research with peer companies
- Conduct complex analyses of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness and legal compliance
- Based on the information provided, recommend, develop and implement employees' compensation structure, which may involve evaluating new employee job titles and classification.
- Adhere to and ensure compliance with applicable federal, state laws and regulatory agencies, internal requirements and HR policies;
- Performs analysis to develop, implement, and administer compensation policies and programs
- Leads projects / initiatives to develop new compensation structures and programs
- Build modeling analysis for programs to determine cost and viability of incentive recommendations
- Review of proposed salary adjustments for conformance to established guidelines, policies, and practices
- Recommend corrective or alternative actions to resolve compensation related problems
- Review requests for new or revised classifications to determine appropriate salary grade assignment, title, FLSA status, etc.
- Complete other projects and assignments as assigned
QUALIFICATIONS AND REQUIREMENTS
- 5 - 8 years of corporate compensation administration experience preferably in a large organization.
- CCP, CSCP, CECP, PHR, and/or SPHR certifications highly desirable
- High level of proficiency with Microsoft Excel, Access, Word, PowerPoint and HRIS systems (Lawson, SAP).
- Ability to interface with all levels of employees, including executives, and work in a fast-paced team environment.
- Excellent analytical and quantitative skills.
- Ability to prioritize and manage multiple tasks concurrently while meeting deadlines with a strong sense of urgency
- Excellent communications skills, both interpersonal and writing.
- Strong abilities to work well in a team environment (cooperative and collaborative behavior).
