Compensation Analyst

U.S. BankMinneapolis, MN
$71,400 - $84,000Hybrid

About The Position

Analyzes and maintains various types of compensation information. Participates in compensation surveys, prepares job descriptions, conducts job analyses, evaluates jobs by pricing them in the market and examining comparable jobs within the company, and prepares and analyzes survey data. May develop, recommend, write, and monitor compliance with compensation processes and/or procedures. Partners with compensation consultants for the development, implementation, and administration of assigned projects/programs such as incentive plan design, market analysis, and year end activities. Assists Compensation consultants on day-to-day compensation inquires (ex. offer reviews) and developing presentations of analysis findings and may participate with the consultant in the delivery of results/recommendations to customers. May develop communications plans and formal communications to managers and/or employees.

Requirements

  • Bachelor's degree, or equivalent work experience
  • Two to five years of relevant experience

Nice To Haves

  • Thorough knowledge of advanced math/statistics, financial analysis, or related skills/knowledge
  • Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
  • Intermediate excel skills (ex. xlookups, pivots tables, if statements)
  • Effective verbal and written communication skills
  • Compensation or Human Resources experience
  • Certified Compensation Professional (CCP)
  • MarketPay skills are desirable

Responsibilities

  • Analyzes and maintains various types of compensation information.
  • Participates in compensation surveys.
  • Prepares job descriptions.
  • Conducts job analyses.
  • Evaluates jobs by pricing them in the market and examining comparable jobs within the company.
  • Prepares and analyzes survey data.
  • Develops, recommends, writes, and monitors compliance with compensation processes and/or procedures.
  • Partners with compensation consultants for the development, implementation, and administration of assigned projects/programs such as incentive plan design, market analysis, and year end activities.
  • Assists Compensation consultants on day-to-day compensation inquires (ex. offer reviews).
  • Develops presentations of analysis findings.
  • Participates with the consultant in the delivery of results/recommendations to customers.
  • Develops communications plans and formal communications to managers and/or employees.

Benefits

  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Pregnancy disability and parental leave
  • 401(k) and employer-funded retirement plan
  • Paid vacation (from two to five weeks depending on salary grade and tenure)
  • Up to 11 paid holiday opportunities
  • Adoption assistance
  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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