Compensation Analyst

LKQ•Nashville, TN

13d

About The Position

Join the LKQ Family! We're looking for motivated individuals to join our team at LKQ Corporation. With opportunities for growth, competitive benefits, and a supportive work environment, LKQ is the place to be. Apply now and take the first step toward a rewarding career! Support the company's annual compensation processes, providing reporting and analysis on pay programs and establishing and monitoring processes that support these programs.

Requirements

3+ years of related experience required; Still acquiring higher level knowledge and skills
Degree or equivalent work experience
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute rates, ratios, and percentages and to draw and interpret graphs.
Frequent use of Outlook, Word, Excel, graphics, etc.
Ability to create, maintain, and incorporate functions into Word documents, Excel spreadsheets, databases, and PowerPoint presentations to support business objectives.
Regularly uses moderately complex oral and written skills.
May train others in functional areas, interact with others, and make presentations to departments or middle management.
Problems encountered are routine, somewhat repetitive, and generally solved by following clear directions and procedures.
Decisions generally affect own job or assigned functional area.
Results are defined; sets personal own goals and determines how to achieve results with few or no guidelines to follow; supervisor/manager provides broad guidance and overall direction.
Handle multiple tasks or projects simultaneously with moderate complexity.

Nice To Haves

Bachelor's Degree
Certified Compensation Professional (CCP) certification.
General compensation knowledge, including compensation theory and an understanding of job evaluation methods and market analysis techniques

Responsibilities

Assist in designing, implementing, and administrating innovative compensation programs and policies. This may include base pay programs, short and long-term incentives, and reward and recognition programs.
Provide support for salary survey participation and analysis.
Assist in merit, pay, and bonus, CEO Pay Ratio, Minimum Wage Reviews, and other initiatives.
Review and approve job descriptions and maintain an active job code list across various systems.
Conduct job evaluations, determine FLSA status, apply appropriate market data, document findings, and recommend appropriate job information.
Serve as an internal resource to the HR team, recruiters, and managers regarding compensation program/policy administration.
Provide counsel to HR and management regarding compensation actions for employees.
Analyze and audit compliance with government regulations and company policies.
Work with HRIS and other stakeholders to audit and verify compensation data.
Develop and maintain policies, procedures, and operational manuals.
Research processes and practices for improvements or efficiencies to implement; accumulate and analyze data, document findings, and present recommendations.
Keep abreast of new and emerging compensation trends, creative solutions, and legislative changes.
May be responsible for executive compensation process, system administration, and reporting.
Assumes other duties as assigned.