Compensation Analyst (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. The role – what you’ll do Responsibilities include 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, and identifying and assisting with the implementation of continuous improvements. This individual will also be responsible for maintaining accurate compensation data in Workday, conducting pay equity analyses, issuing total rewards statements, and assisting with the development of the annual bonus distribution plan. This position is embedded in the compensation and benefits group and is part of Barr’s Human Resources team. Your impact – key responsibilities Compensation programs: administering the annual salary setting process in collaboration with business unit and business support group managers. Processing mid-year pay adjustments as needed. Compensation compliance: conducting FLSA evaluations to ensure compliance, monitoring minimum wage requirements at the federal and state levels, and monitoring new regulations related to compensation. Salary surveys: participating in salary surveys and analyzing the results. Summarizing results to share with managers and company leaders. Compensation reporting: preparing market data analyses for new and existing roles across the organization, including internal equity analyses. Compensation communication: 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, and educating employees and managers on compensation practices. Process improvement: assess current processes and identify opportunities to streamline compensation processes in collaboration with managers. About the opportunity Hybrid: a hybrid work arrangement may be considered for this position. A hybrid work arrangement refers to splitting time worked between a Barr office and a home office. This position is based out of Barr's Minneapolis, Minnesota, office. Travel requirement: occasional travel to Barr offices across the United States and Canada.
Requirements
- Education: 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.
- Experience: three years of related compensation analysis experience in a similar role, including the following: 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
- Skills: 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 in Workday
- 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-year pay adjustments as needed
- Monitoring minimum wage requirements at the federal and state levels
- Monitoring new regulations related to compensation
- 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
- Assess current processes and identify 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
- Retirement benefits: 401(k) retirement savings plan with company contribution and an Employee Stock Ownership Plan (ESOP) with company contribution in Barr stock
- Profit distribution: Barr has a "no retained earnings" model and distributes all profit to our employees through our annual bonus distribution plan, ESOP, and dividends to shareholders
- Professional development benefits: Annual time and expense allowances, mentorship program, and many internal training opportunities
- Work/life balance: Paid time off, holidays, overtime for non-exempt/hourly staff, and compensatory time for exempt/salaried staff (time off or pay for extra time worked), paid family leave
- Wellness focus: 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
