Compensation Analyst II

Vallen • Belmont, NC

3d

About The Position

Vallen’s Compensation Analyst is responsible for assisting in the development, implementation, and/or administration of base pay, sales and other variable compensation programs to attract, motivate, and retain a talented, diverse, and committed workforce. They perform job analyses and evaluate job classifications, lead salary administration programs, submit and analyze compensation surveys, and prepare compensation models, proposals, and budgets. They lead and/or participate in designing salary structures and make recommendations for modifications to ensure market competitiveness. They research, draft and/or prepare recommendations to modify compensation policies and variable pay plan designs in accordance with the company’s reward strategy.

Requirements

• Demonstrated ability to uphold confidentiality and work with sensitive job and pay-related data.
• Experience working with market pricing software, preferably MarketPay or Payscale.
• Experience with participating in annual third-party salary surveys (Mercer, Willis Towers Watson, etc.).
• Experience working with HRIS systems, maintenance of key compensation data and the extraction of data (ADP, Workday, etc.).
• Experience with the administration of an annual merit cycle using compensation planning software.
• Strong analytical and logical thinking skills with strong attention to detail & accuracy.
• Intermediate-level MS-Excel skills & proficiency with Word, PowerPoint & Co-Pilot
• Self-starter with the ability to work independently with little supervision.
• Demonstrated strong planning, organizational and project leadership skills.
• Dedication to providing excellent & timely customer service.

Nice To Haves

• CCP certification
• At least 2 years of applicable experience
• Experience with variable incentive plan concepts, design, and administration preferred.

Responsibilities

• Performs compensation, job and/or associate data analyzes and provides guidance to company management and/or HR Business Partners that is affordable, internally equitable, externally competitive, and in alignment with business objectives.
• Assists in the administration of annual merit and pay-for-performance programs; prepares and analyzes recommendations for merit matrices; drafts related communication materials.
• Assists in the administration of annual short-term incentive programs; analyzes current state and prepare recommendations for harmonization and standardization.
• Analyzes and ensures data integrity within benchmarking applications including MarketPay and ERI; leads automation and continuous process improvement for benchmarking activities within those applications.
• Leads participation in third-party compensation surveys.
• Analyzes internal and external compensation trends to ensure competitive pay practices.
• Prepares budget impact analysis, projections and recommendations for salary administration programs and assesses associate level impact.
• Maintains company job descriptions; provides coaching where needed in the development of job descriptions.
• Prepares recurring & ad hoc compensation reports & presentations.
• Analyzes current compensation programs & practices to ensure compliance with federal, state & local regulations.
• Participates in Benefits related activities and projects where additional resources may be required (i.e. Open Enrollment).
• Participates in and/or lead special projects as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level