Compensation Analyst

Penske•Cumru Township, PA

2d•Onsite

About The Position

The Compensation Analyst will provide analytical support to the compensation group in the areas of salary administration, pay equity review and analysis, and wage and market data. This position will administer one or more compensation initiatives/projects to include: Compensation systems, Bonus Administration, pay audits/analysis, survey administration, and general payroll reporting activities. Additionally this position will provide guidance to managers on compensation policies and practices to ensure compliance and provide system support to end users when necessary. This position is located at our Corporate offices in a beautiful country setting 7 miles South of Reading, PA which is a convenient commute with ample free and easy parking. The role is an in-office position where the Compensation Analyst is expected to be in the office 4 days per week.

Requirements

Analytical support to the compensation group in salary administration, pay equity review and analysis, and wage and market data.
Administer compensation initiatives/projects including compensation systems, bonus administration, pay audits/analysis, survey administration, and payroll reporting.
Provide guidance to managers on compensation policies and practices.
Provide system support to end users.
Research and complete market data inquiries.
Update and maintain vendor database (ERI).
Complete job matching in survey database (MarketPay).
Support job evaluation process by providing market pricing information.
Complete annual and ad-hoc pay audits.
Escalate and resolve pay equity and internal equity issues.
Update and maintain department dashboards.
Partner with HRIS to leverage Qlik technology.

Nice To Haves

Experience with ERI and MarketPay databases.
Familiarity with Qlik technology.

Responsibilities

Review and approve salary change assignments, ensuring correct transaction entry and pay equity compliance. Approvals may require escalation to Sr. Comp Analyst and/or Director.
Administer compensation initiatives/projects such as compensation systems, bonus administration, pay audits/analysis, and survey administration.
Provide guidance to managers on compensation policies and practices.
Provide system support to end users.
Research and complete market data inquiries from HR Business Partners.
Ensure vendor database (ERI) is updated with correct and current geographic differential information.
Complete job matching in survey database (MarketPay) to match internal positions to appropriate external benchmark positions.
Support Sr. Comp Analysts in the job evaluation process by providing applicable market pricing information.
Complete annual and ad-hoc pay audits to ensure pay equity and internal equity of associates.
Escalate and partner with appropriate analysts to review and resolve identified issues, including pay compression, under min/over max, and missed merit audits.
Update and maintain department dashboards to track activity levels of PDQ reviews, change assignments, market data requests, draws, and pay exceptions on a quarterly and annual basis.
Partner with HRIS to leverage Qlik technology when possible.