Compensation and Benefits Analyst

MNGI•Minneapolis, MN

17h•$63,000 - $72,530•Hybrid

About The Position

This role is responsible for administering and improving compensation and benefits programs, ensuring compliance with regulations, and providing support to HR Business Partners, managers, and employees. The analyst will play a key role in data preparation, analysis, and communication related to Total Rewards strategy, aiming to enhance employee understanding and engagement with these offerings.

Requirements

3 or more years of progressively responsible human resources experience required.
Microsoft Office applications
Ultimate Kronos Group (UKG) and Payscale/Payfactors
Strong analytical skills with proficiency in Excel and data analysis
Active listening and customer service orientation
Problem solve
High attention to detail and accuracy
Strong organization, prioritization and time management
Strong verbal and written communication skills
Think like an analyst first – comfortable working in data, models and scenarios
Think critically, question assumptions, and validate decision with data
Translate complex analyses into clear, actionable insights.
Influence and guide leaders using data-driven recommendations.
Multitasking in a fast-paced environment
Work independently as well as in a team environment
Regular attendance is required.

Nice To Haves

Bachelor’s degree in Human Resources, Finance, Business or related field is preferred.
2-5 years of experience in compensation, benefits or total rewards is preferred.
CCP, CEBS, SHRM-CP/SCP is preferred.

Responsibilities

Administer and maintain compensation programs, including job evaluation, salary structures and pay ranges aligned with Total Rewards strategy.
Lead data preparation, validation, and analysis for the annual compensation cycle (merit, market adjustments, including participation in salary surveys.
Analyze market data and salary surveys to support competitive pay decisions.
Conduct internal equity and market analyses to support consistent, equitable and market-aligned compensation practices.
Manage the annual merit increase process and budget using UKG Pro Compensation.
Perform financial modeling and scenario analysis to evaluate compensation changes and program impacts.
Develop insights and recommendations that inform compensation strategies and leadership decisions.
Develop annual leadership training aligned with Total Rewards strategy.
Support the ongoing development and evolution of the organization’s Total Rewards strategy.
Administer and continuously improve employee benefit programs, serving as the primary point of contact for benefits-related inquiries.
Manage the annual open enrollment process, including communications and support of insurance renewals.
Partners with vendors and internal stakeholders to resolve benefit-related issues and improve service delivery.
Analyze benefits utilization and trends to inform plan design and cost management strategies.
Develop and deliver benefits communications and presentations aligned with Total Rewards strategy.
Enhance employee understanding, engagement and experience with benefits offerings.
Partner with our Broker to develop and deliver communications aligned with Total Rewards strategy and delivering quarterly benefit breakdown presentations.
Serve as liaison with the Leave of Absence administrator to ensure coordination of benefits including responding to requests for information from the leave of absence administrator.
Ensure compliance with applicable regulations, including ACA, ERISA, HIPAA, COBRA, FMLA and state-specific requirements (including Minnesota Paid Family Medical Leave).
Monitor regulatory changes and support implementation of required updates.
Partner with HRIS to maintain data accuracy and optimize compensation and benefits system functionality.
Identify opportunities to improve processes, reporting capabilities and system efficiency within UKG, Payscale and related tools.
Support audits and compliance reporting related to compensation and benefits programs.
Develop recurring and ad hoc reports that support executive and HR decision-making.
Serve as a consultative resource to HR Business Partners, managers and employees on compensation and benefits matters.
Translate complex data into clear, actionable insights and recommendations for leaders.
Deliver training and communications on compensation and benefits programs, including annual merit cycle education.
Support department leaders in preparation for compensation planning and decision-making.
Contribute to continuous improvement of employee experience related to total rewards.
Any and all other duties as assigned.