Job Title: Compensation Analyst

Reports To

Sr Compensation Analyst

Department

Total Rewards

Classification

Exempt

Environment:

Headquarters

Heavy Machinery or Equipment:

N/A

Date Approved:

JOB SUMMARY:

The Senior Compensation Analyst supports companywide compensation programs. The analyst is responsible for program administration and implementation of compensation programs consistent with the goals and objectives of the company. Provides support, guidance and recommendations on base pay management and incentive programs. Communicates Compensation knowledge and practices to HR team members and other employees.

ESSENTIAL FUNCTIONS:

• Supports the administration of base pay and incentive programs, including salary increases, recurring bonus programs, the Annual Bonus Plan and other recognition programs.
• Supports the design and maintenance organization pay structure ensuring compliance with state and federal guidance.
• Administers bonus payout for recurring bonuses. This includes producing bonus calculations based on incentive plan matrices and compiling payouts for submission to Payroll department for processing.
• Serves as system admin for the Incentive Compensation System. Responsible for Assists with system updates to ensure accurate and timely payouts of integrated incentive plans.
• Provides guidance on payment administration, responds to plan and payout inquires, submits requests for processing to payroll, calculates retro payments as needed, and creates letters of communication.
• Develops program and costs models for different pay and incentive programs
• Provides analytical and trend reporting of existing workforce and pay programs delivering recurring reporting to business on key information.
• Communicates and works in partnership with HR team members, sales operations and Finance on compensation programs, initiates, projects and systems.
• Participate in salary surveys and provide market analysis on an annual and ad-hoc basis.
• Plays a supporting role in compensation business processes for performance management using the systems for goal planning and performance management. Supports the life cycle of the performance management process, to include communicating timelines, coordinating training efforts and ensuring that employees and managers meet all expected deliverables.
• Conduct detailed analysis and audits to support department needs.
• Participates in compensation survey input and analysis. Includes collection of data, running reports, job matching, interfacing with survey vendors, communicating with internal clients company-wide and adhering to several deadlines simultaneously.
• Develops and cCommunicates recommendations on salary structure design and administration. Conducts ad-hoc surveys and market research to identify market trends and monitor market sensitive jobs.
• Supports and creates job documentation, analyzes and conducts evaluations. Includes reviewing job information with clients and providing guidance, analyzing published survey data, identifying comparable external and internal positions, and formulating salary and grade recommendations such that they are externally competitive and internally equitable.
• Conducts various on-going audits to ensure validity of all compensation data contained in the HR/Payroll HRIS system. Coordinates data needs with the HRIS team.
• Assists with the maintenance of Employee Data in ADP, such as partnering with HRIS on creating new job codes, inputting rate of pay changes, distributing weekly reports to the appropriate parties and designing ad-hoc reports as needed.
• Provides support for project plans and programs/projects in support of the compensation department. Tracks project deliverables and holds fellow team members accountable for their responsibilities.
• Supports compensation programs training initiatives and develops training and communication materials to support these projects. Creates and delivers presentations for various audiences.

QUALIFICATIONS:

• 0 to 3 years of progressive Human Resources experience with an emphasis in compensation administration.
• Proficient in Microsoft Office (Excel, Word, PowerPoint)
• Advanced excel skills including use of pivot tables, macros, formulas, data validation, and tables preferred
• Knowledge in use of HRIS systems, including running queries and accessing and manipulating data preferred
• Data modeling and research skills
• Ability to manage changing priorities, multiple deadlines and competing demands
• Ability to think creatively and take various perspectives when considering a topic
• Ability to take an abstract concept and turn it into a tangible final product
• Has an understanding of how the business works, and an in-depth knowledge of the impact of rewards programs and compensation on the business’ employees and financial metrics

EDUCATION:

Bachelor’s Degree in Human Resources, Finance/Accounting, or related field.

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Application Question(s):

• What is your annual salary expectation?

Work Location: Remote

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