Sr. Compensation Analyst - Chicago, IL or Le Mars, IA

Wells Enterprises • Chicago, IL

14h • $71,000 - $112,000 • Hybrid

About The Position

In alignment with Group Strategies, Policies, and Guidelines, the Compensation Analyst is responsible for administration, analysis, and optimization of Compensation Programs alongside cost control, reporting and ensuring regulatory compliance. Providing support to the P&O team that will attract and retain talent that will drive Ferrero’s global objectives across Wells. You will support the local implementation of our global Rewards strategy, ensuring compensation programs and tools are competitive and aligned to business priorities. You’ll provide clear and speedy business information, tools, communications support / advice to the local personnel in Rewards.

Requirements

• Administration of the Compensation plan locally and the Group reward programs, which includes reporting and having as point of reference to Group Rewards.
• Responsible, along with the Director for the deployment of local compensation polices and ad hoc programs such as, but not limited to Sales Incentives, Short Term Incentives, Retention plans etc., in alignment with Group Principals.
• Monitor and analyze local market trends and evaluate external competitiveness to drive local rewards strategies.
• Assist with the local focal point for Reward related topics (including systems) providing consultancy and expertise to Group/Local stakeholders and share best practices.
• Contributes to the Reward digitization process
• Ensure Compliance to all relevant laws and practices including adherence to federal,
• Audits: evaluate jobs internally to ensure wage and salary rate recommendations are following federal, state and local regulations. (FLSA, DOL etc.)
• Provides detailed analysis on internal and external equity and provides reports as requested by P&O leadership, P&O BP’s or line managers.
• Provides data to support KPI’s and the P&O Dashboard, along with assisting with data as requested for negotiations
• Supports the implementation of the Group’s expat policy, being the local point of reference for expat-related technical topics
• Handles compensation related topics with external stakeholders and payroll team.
• Provides tactical support for expat procedures.
• Assists Group projects in his/her area of responsibility as well as local projects to ensure proper and consistent implementation.
• Contribute to process improvements and digitalization of compensation programs
• Involved in cost management, including invoicing and purchase order processes. (Ariba)
• Provide reports to audit salary review adherence and other compensation program adherence

Responsibilities

• Administration of the Compensation plan locally and the Group reward programs, which includes reporting and having as point of reference to Group Rewards.
• Responsible, along with the Director for the deployment of local compensation polices and ad hoc programs such as, but not limited to Sales Incentives, Short Term Incentives, Retention plans etc., in alignment with Group Principals.
• Monitor and analyze local market trends and evaluate external competitiveness to drive local rewards strategies.
• Assist with the local focal point for Reward related topics (including systems) providing consultancy and expertise to Group/Local stakeholders and share best practices.
• Contributes to the Reward digitization process
• Ensure Compliance to all relevant laws and practices including adherence to federal,
• Audits: evaluate jobs internally to ensure wage and salary rate recommendations are following federal, state and local regulations. (FLSA, DOL etc.)
• Provides detailed analysis on internal and external equity and provides reports as requested by P&O leadership, P&O BP’s or line managers.
• Provides data to support KPI’s and the P&O Dashboard, along with assisting with data as requested for negotiations
• Supports the implementation of the Group’s expat policy, being the local point of reference for expat-related technical topics
• Handles compensation related topics with external stakeholders and payroll team.
• Provides tactical support for expat procedures.
• Assists Group projects in his/her area of responsibility as well as local projects to ensure proper and consistent implementation.
• Contribute to process improvements and digitalization of compensation programs
• Involved in cost management, including invoicing and purchase order processes. (Ariba)
• Provide reports to audit salary review adherence and other compensation program adherence

Benefits

• Comprehensive benefits that enhance health, financial wellness, and include paid time off (PTO).
• Eligible employees may also receive an annual incentive bonus based on Company performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed