Compensation Analyst II

Vallen Distribution Inc.•Belmont, NC

1d•Onsite

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 compensation 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

Bachelor’s degree in a related field (e.g., Human Resources, Business, Finance, etc.) coupled with a CCP certification, and 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.

Benefits

Medical, Dental, and Vision Insurance for Single, Employee + Spouse or Children, and Family Coverage
401(k) with discretionary company match of $0.50 on the $1.00 up to 6% of pay (U.S. positions only)
Employer-paid Basic Life Insurance for Employee, Spouse, and Dependents
Employer-paid Short-Term and Long-Term Disability Benefits and Parental Leave (and any leave required under federal, state, and local laws)
Health Care and Dependent Care Flexible Spending Accounts
Paid Time Off (Vacation and Sick Days): 80–160 hours of vacation time based on seniority, accrued monthly and prorated from date of hire. 40–56 hours of sick time per year based on seniority and advanced upon hire.
Paid Time Off (Holidays): 8 scheduled holidays plus 2 floating holidays
Employee Assistance Program
Employee Resource Groups for networking and team building
Tuition Reimbursement Program
Employee Referral Program
Safety shoe and safety glasses reimbursement (based on position)
Employee discounts through BenefitHub
Advancement opportunities