Compensation Analyst

GROB•Bluffton, MN

5d•Onsite

About The Position

The Compensation Analyst will be responsible for designing, implementing, and maintaining compensation programs to ensure fair and competitive pay structures within GROB. The ideal candidate will have a deep understanding of data analysis and compensation strategy and is knowledgeable about HR practices and laws affecting compensation.

Requirements

Bachelor’s degree in Human Resources, Business Administration, Finance, or a related field
Minimum of 2 years prior experience in compensation analysis preferred
Strong analytical skills, proficiency in data analysis tools, and knowledge of compensation regulations are essential
Excellent oral and written communication skills
Ability to work with confidential and sensitive information in a discrete and professional manner
Ability to effectively work with employees at all levels of the organization
Proficient in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
Willing to work overtime, if necessary
This position requires work to be done in person and onsite

Nice To Haves

Knowledge of SuccessFactors software is a plus

Responsibilities

Prepares and maintains job descriptions for each position in the organization and ensures the descriptions accurately reflect the work being performed by incumbents
Design and implement compensation plans that align with company objectives for recruitment and retention
Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position
Conduct research and analysis on market competitiveness, pay equity, and compensation trends
Ensure compliance with federal and state laws regarding compensation
Prepare reports summarizing compensation data and analysis trends
Work closely with HR and finance teams to create budgets for compensation programs and advise management on pay decisions
Gather data from various sources related to employee benefits including health, dental, vision, life, and retirement programs and analyze the collected data to identify trends, patterns, and areas for improvement in employee benefit programs
Performs other related duties as assigned.