Compensation and Benefits Analyst

MNGI•Minneapolis, MN

1d•Hybrid

About The Position

This role focuses on administering and improving employee compensation and benefit programs. The analyst will be responsible for managing various aspects of these programs, ensuring compliance, analyzing data, and providing support to HR, managers, and employees. The position involves working with systems like UKG Pro and Payscale, conducting market and equity analyses, managing open enrollment, and developing communications related to Total Rewards strategy.

Requirements

3 or more years of progressively responsible human resources experience required.
Knowledge of Microsoft Office applications.
Knowledge of 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.
Must be able to stand for long periods of time and move quickly on their feet.
Employees must be able to tolerate personal protective equipment including; gowns, gloves, face masks and eye protection.

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.