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The Job Details are as follows:
The Senior Compensation Analyst will be responsible for the development, analysis and administration of all compensation and reward programs. With a highly analytical approach and proficiency in navigating data systems and tools, this position’s focus will be on compensation program administration and in-depth analysis of pay structures, job profiles, market benchmarking and related factors to ensure our programs are reflective of our overall compensation philosophy, aligned with business objective, competitive to market for attracting and retaining skilled talent, and compliant with applicable laws and regulations.
Major responsibilities:
Support the design and implementation of base pay structures, incentive programs, and equity plans that reflect the organization's compensation philosophy
Lead the development, analysis and administration of all corporate compensation programs including base pay, variable pay, and other monetary-based reward programs
Conduct on-going market evaluations on all levels within the organization with detailed analysis of market data to determine external competitiveness of pay ranges and pay practices
Manage compensation administration for U.S. and Canadian employee populations, including maintenance of centralized inbox activity in MS Outlook, researching related inquiries, and providing response, support, and education on compensation programs
Responsible for compensation processing, reporting, system testing, data integrity audits and ongoing approval of all tasks and related actions in Workday
Analyze and forecast the cost of compensation and other monetary-based reward programs
Lead all phases of the benchmarking process including survey participation, responding to routine survey vendor requests, analysis of the returned survey data and coordinating the impact of survey data on the placement of jobs within salary grades
Review new hire offers and proposed salary increases and provide feedback based on analysis of the labor market and internal equity
Create and update job profiles and maintain job descriptions in Workday
Ensure programs align with business objectives and are compliant with all state and federal employee relations/compensation statutes and legislation, including: FLSA, determining exemption status of jobs and assessing classification of associates, minimum wage and pay equity, etc.
Use technology to increase efficiencies and make process improvement recommendations to improve and enhance customer satisfaction
May perform other responsibilities as assigned
Qualifications:
Bachelor’s degree in Human Resources, Business Administration or related field of study
Four or more years’ experience in Human Resources, with progressive experience in Compensation
Attainment of, or progression towards, a Certified Compensation Professional (CCP) or Compensation Management Specialist (CMS) designation
Demonstrated knowledge in general compensation theory and practices, including job analysis, design, evaluation and salary administration, with strong understanding in statistical concepts and analysis used in making compensation decisions and competitor analysis
Demonstrable knowledge in human resources subject areas, e.g., recruitment and selection, training and development, performance management, organizational change, organization design and legal compliance
Ability to conceptualize a business problem, define relevant issues, determine a methodology for exploring the problem, define alternatives and develop recommendations
Ability to work independently toward project deliverables, manage multiple tasks against tight deadlines, maintain highly confidential and sensitive information
Excellent analytical, negotiation, and communication skills
Must be proficient in use of Microsoft Office suite of products, with especially strong proficiency in Excel, with a high level of attention to detail and accuracy
Global compensation experience and prior experience with compensation programs in a tax-exempt environment are highly desirable
Working Conditions: Normal office environment.
ADA/EAA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
