Compensation Analyst

Ocean Spray • Lakeville, MA

44d • Hybrid

About The Position

Ocean Spray is hiring for a(n) Compensation Analyst! We're a team of farmers, thinkers, creators, and doers. Whatever your title, whatever your role - it always comes back to this: we're a farmer-owned co-op where everyone rolls up their sleeves to get the job done. Three maverick farmers started it all - and we've been making our own way ever since. The Compensation Analyst will play a critical role in the analysis, implementation, and administration of compensation activities and programs. In this role, the analyst will work closely with the Human Resources team and the business to provide global compensation guidance and support. The analyst will conduct surveys and benchmark studies to evaluate total compensation and use this information to make recommendations for changes or updates to the organization's compensation plans. This position will require strong analytical skills and apply sound compensation theory in the development of competitive salary structures based on relevant local salary surveys, competitive environment, economic trends, and local HR input to aid in recruiting and retention. Additionally, the analyst will regularly review and update job descriptions to accurately reflect the duties and requirements of each role. To be a successful candidate for this role, you must have excellent analytical skills, be detailed oriented, well-versed in compensation regulations and guidelines, and have the ability to communicate findings effectively to all levels of management.

Requirements

• 1 - 3 Years Experiences in Compensation or Financial Analysis
• Strong analytical and quantitative skills with the ability to interpret and present data effectively.
• Proficiency in Microsoft Excel
• Knowledge of compensation laws and regulations.
• Excellent written and verbal communication skills.
• Strong attention to detail and organizational skills.
• Ability to work independently and collaboratively in a team environment.

Nice To Haves

• Bachelor's degree in HR. Business Administration, Finance or related field.
• Certified Compensation Professional (CCP) designation.

Responsibilities

• Conduct internal and external market analysis to determine competitive compensation trends and ensure that the organization's compensation practices are compliant with applicable laws and regulations.
• Responsible for compensation benchmarking in third party compensation platform.
• Assist in the design, implementation, and administration of salary structures, incentive plans, and other compensation programs.
• Ensure compliance with all federal, state, and local laws and regulations related to compensation, including strong focus on pay transparency, pay equity, minimum wage, and FLSA.
• Analyzes new positions and reclassification requests to appropriately determine job classification and FLSA exemption status.
• Prepare and present reports on compensation data and trends to peers and management.
• Collaborate with Talent Acquisition, HR business partners and managers to support, respond, and provide guidance on compensation-related issues.
• Coordinate annual compensation review process, including merit increases, promotions, and equity adjustments. Complete analysis to make recommendations for merit increase targets by country.
• Support the development and maintenance of compensation policies and procedures.
• Provide guidance and training to HR and management on compensation-related matters.
• Communicate and educate employees on compensation policies, guidelines, and programs.

Benefits

• Complete insurance package on Day-1 that includes a plethora of health and wellness programs
• Health, Dental and Vision insurance
• Health savings account
• Flexible spending account
• Life and accident insurance
• Employee assistance program
• Telehealth services
• 1:1 health coaching
• Supportive benefits for all the stages of your life
• 401(k) with up to 6% Company matching; additional potential discretionary match at year-end
• Short-Term Incentive/Performance bonuses
• Flexible scheduling options
• Vacation pay, up to three weeks of time (pro-rated for your first year of employment)
• Holiday pay for 12 holidays
• Career development and growth opportunities
• Tuition/Education assistance programs
• Access to LinkedIn Learning
• Scholarship programs for children of employees
• Parental leave
• Bright Horizons Family Solutions - Back-up care, tutoring, etc.
• Adoption assistance
• Bereavement leave
• Up to $300 fitness reimbursement
• Up to $300 massage reimbursement
• Employee appreciation events
• Employee discounts
• Charitable giving

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Food Manufacturing
• Number of Employees: 1,001-5,000 employees