Compensation Analyst I

Love's•Village, OK

1d•Onsite

About The Position

The compensation analyst assists with planning, developing, administering, and implementing compensation programs, policies, and procedures to align with company goals and ensure competitive pay practices. This position is part of a highly collaborative team, and the position requires effective communication with people of all job levels and personalities.

Requirements

A bachelor's degree in human resources, mathematics, accounting, business administration or finance is strongly preferred
1-2 years of experience in compensation administration or total rewards is strongly preferred.
Must be knowledgle with using MS Excel.
Basic knowledge of compensation principles, salary surveys, & HR Systems
Basic proficiency with Microsoft Excel
Excellent verbal and written communication, enabling effective communication and cooperation with all levels of the organization
Detail orientation with a high degree of accuracy in data entry and audits
Basic understanding of state and federal laws and regulations relating to compensation, including FLSA and state minimum wage regulations
Presentation skills with ability to develop PowerPoint presentations and deliver to key audience stakeholders
Planning skills and ability to effectively manage concurrent deadlines and multiple priorities simultaneously
Strong integrity, work ethic, and ability to work with highly sensitive and confidential data
Must be authorized to work in the U.S. without sponsorship.

Nice To Haves

Experience using SAP Success Factors compensation module preferred
Experience with external market analysis preferred
A Certified Compensation Professional designation may be considered in lieu of the preferred work experience

Responsibilities

Supports the administration of compensation programs, including annual merit and bonus processes
Participates in third-party market pricing and benchmark surveys for the Total Rewards department; performs other research as needed to help drive best practice throughout the department
Conducts benchmarking of internal jobs to assign pay grades/bands and to assign bonus and long-term incentive targets while ensuring internal alignment and consistency across departments and divisions
Contribute to job leveling and titling standardization projects to help develop career path opportunities for employees
Conducts basic statistical analysis around pay grades, incentives targets, and wage compression, and can prepare reports and presentations that visually highlight key data insights
Assists with compensation audits as needed, which may include minimum wage, FLSA, missing data, etc.
May develop documentation materials for the administration of compensation programs and procedures
Keeps apprised of federal, state and local compensation laws and regulations in order to ensure company compliance with federal and state minimum wage laws and in accordance with the fair labor standards act
Works closely with HR business partners and business leaders to ensure FLSA compliance and equitable pay practices across corporate and field retail operations
Performs other duties as assigned