Compensation Analyst
About The Position
Provide compensation analysis and consultation in support of the Company's enterprise-wide compensation and Total Rewards programs. Analyze compensation, market, job, and workforce information; interpret findings; identify material compensation and classification issues; evaluate alternatives; and develop recommendations for management consideration. Conducting market pricing and compensation benchmarking, evaluating salary structures and market competitiveness, analyzing internal and pay equity, supporting salary planning and special compensation decisions, and reviewing positions for potential FLSA classification concerns. Serve as a compensation resource to HR and management by providing analytical guidance, interpreting compensation information and established programs, recommending appropriate courses of action within established policies and objectives, and escalating significant policy, compliance, or business matters requiring higher-level review. Support compensation governance, Total Cash Compensation and incentive studies, workforce and labor-cost analysis, compensation policy development, and strategic Total Rewards initiatives.
Requirements
- Minimum five (5) years of progressively responsible Human Resources experience, including significant experience in compensation, Total Rewards, or a closely related HR function.
- Experience should include compensation analysis, market pricing and benchmarking, salary administration, job analysis, and interpretation of compensation and workforce data.
- Experience evaluating complex compensation matters and developing recommendations for management is required.
- Advanced knowledge of compensation principles and practices, including market pricing, benchmarking, salary structures, salary administration, and Total Rewards.
- Demonstrated ability to independently analyze complex compensation and workforce data, interpret findings, evaluate alternatives, and develop recommendations for management.
- Knowledge of FLSA classification principles and experience evaluating job duties, job descriptions, organizational relationships, and other relevant information to identify potential exempt/nonexempt classification issues.
- Advanced Microsoft Excel and data analysis skills, including experience analyzing large data sets using formulas, lookup functions, pivot tables, and other analytical tools.
Nice To Haves
- Bachelor's degree in Human Resources, Business Administration, Finance, Accounting, Economics, Data Analytics, or a related field preferred.
- Experience with FLSA classification analysis, salary structures, pay equity/internal equity analysis, incentive compensation, and compensation surveys is strongly preferred.
- Power BI, Dayforce and HRIS system experience.
Responsibilities
- Conduct market pricing, compensation benchmarking, and competitive pay analyses to evaluate the Company's compensation practices relative to applicable labor markets.
- Support the administration and maintenance of salary structures, job-related compensation data, and compensation programs to promote consistent and market-competitive pay practices.
- Support annual salary planning, promotion analyses, special compensation reviews, and related compensation recommendations through accurate and timely analysis.
- Perform and support pay equity, internal equity, and other compensation analyses to identify compensation trends, inconsistencies, and areas requiring additional review.
- Support FLSA classification reviews by gathering and evaluating job duties, job descriptions, organizational information, and compensation data. Identify potential classification questions, maintain review documentation, and escalate concerns to HR management and other appropriate resources.
- Coordinate participation in compensation and benefits surveys and support the collection, validation, submission, and analysis of survey and market data.
- Prepare compensation, workforce, and labor-cost analyses to provide reliable information supporting HR, management, and executive decision-making.
- Support compensation governance, incentive reviews, Total Cash Compensation studies, compensation policy development, Total Rewards initiatives, and other strategic HR projects.
Benefits
- Excellent medical, dental, and vision insurance plans
- Flexible spending accounts for health, dependent care
- Short-term Disability
- Long-term Disability
- Group Term Life, Dependent and Supplemental Life Insurance
- Tuition Reimbursement
- 10 Paid Holidays
- Paid Time Off for a balanced life (Vacation, Sick and Personal Time)
- FlexTime Available
- Competitive salary, incentive/bonus, 401(k) plan with company match, Cash Balance, Pension Plan
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
