Compensation Analyst (Hybrid)
Barr Engineering Co•Minneapolis, MN
•Hybrid
About The Position
Barr is seeking a compensation analyst to join our Human Resources team in Minneapolis, Minnesota. In this hybrid role, you will support Barr’s compensation programs, providing timely internal and external data to support decision making. This position is embedded in the compensation and benefits group and is part of Barr’s Human Resources team.
Requirements
- Bachelor’s degree in a related field with an emphasis in human resources, finance, economics, mathematics, or other analytical field of study or equivalent work experience
- Two years of related compensation analysis experience in a similar role
- Experience using sophisticated HCM systems
- Experience maintaining and auditing data quality, including establishing best practices and related documentation
- Experience identifying, recommending, and implementing compensation process improvements
- Deep knowledge of compensation practices and related employment laws
- Strong written and oral communication skills with the ability to communicate effectively with technical and non-technical audiences
- Strong technical and problem-solving skills
- Strong client service skills, including the ability to understand, educate, and build relationships with internal clients
- Excellent organizational skills, including the ability to confirm priorities with stakeholders, and plan, monitor, and follow through on work commitments to anticipate, meet, or exceed client expectations
- Excellent interpersonal, oral, and written communication skills
- Strong attention to detail, accuracy, and completeness in work output
- Advanced Microsoft Excel skills
- Must be legally authorized to work in the United States without the need for sponsorship by Barr, now or in the future
Nice To Haves
- Experience with reporting and querying functions
- Four+ years of experience in compensation administration and related reporting analysis
- Experience developing process documentation and improvements
- Certified Compensation Professional (CCP) certification
Responsibilities
- Administering annual compensation programs
- Ensuring regulatory compliance
- Conducting FLSA classification evaluations
- Completing surveys and analyzing and sharing results with leaders
- Preparing compensation reports
- Assisting with compensation-related communications
- Identifying and assisting with the implementation of continuous improvements
- Maintaining accurate compensation data in Workday
- Conducting pay equity analyses
- Issuing total rewards statements
- Assisting with the development of the annual bonus distribution plan
- Administering the annual salary setting process in collaboration with business unit and business support group managers
- Processing mid-adjustments as needed
- Conducting FLSA evaluations to ensure compliance
- Monitoring minimum wage requirements at the federal and state levels
- Monitoring new regulations related to compensation
- Participating in salary surveys and analyzing the results
- Summarizing results to share with managers and company leaders
- Preparing market data analyses for new and existing roles across the organization, including internal equity analyses
- Administering the process of annual salary communications, in collaboration with managers and the Information Systems (IS) team
- Writing annual salary budget memorandums to company leaders
- Educating employees and managers on compensation practices
- Assessing current processes and identifying opportunities to streamline compensation processes in collaboration with managers
Benefits
- Competitive, affordable insurance plans: Medical, dental, vision, life, disability, accidental death insurance, and flexible spending accounts for medical and dependent care
- 401(k) retirement savings plan with company contribution
- Employee Stock Ownership Plan (ESOP) with company contribution in Barr stock
- Annual time and expense allowances for professional development
- Mentorship program
- Many internal training opportunities
- Paid time off
- Holidays
- Compensatory time for exempt/salaried staff (time off or pay for extra time worked)
- Paid family leave
- Ergonomic analysis and equipment
- Personal Protective Equipment allowance
- Wellbeing-focused educational opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
251-500 employees
