Sr Compensation Analyst

Michaels • Irving, TX

127d

About The Position

Under the direction of the Director - Compensation or Manager - Compensation, the Sr Compensation Analyst is responsible for analyzing, maintaining, and processing compensation program elements in support of company initiatives and organizational needs. The analyst is accountable for competitive analysis, program scenario modeling, monitoring of business unit compensation, program administration, and support of properly communicated compensation programs.

Requirements

• BS, BA degree in business or a related degree or equivalent work experience required.
• 4-5 years compensation analysis experience and understanding of compensation philosophies.
• 4-5 years' experience in HR, with working knowledge of a wide range of HR practices.
• 2-3 years' experience in equity plan administration, project and process management, preferably within a shared services environment.
• Advanced Excel Skills (Pivot Tables, Lookups, Complex Formulas).
• Workday experience (HCM, Core Compensation and Advance Compensation Modules).

Nice To Haves

• Experience building financial models for cost benefit analysis of compensation.
• Alteryx experience.

Responsibilities

• Support bonus plan calculations and communication efforts.
• Support the administration of annual pay programs, including project managing year-end merit process.
• Partner with internal stakeholders to ensure data accuracy, system readiness, and communication efforts.
• Consult with business partners on basic to moderately complex compensation issues using knowledge of compensation, human resources, and internal policies.
• Maintain compensation and compensation-related data in the Workday system and other internal systems of record, including job profiles, salary structures, incentive plans, reporting, and validation.
• Conduct job analysis, evaluation, salary administration, and FLSA assessments to determine appropriate salary grades, ranges, and pricing based on internal and external equity.
• Participate in the annual salary structure review process to ensure salary structures remain competitive and aligned to market.
• Complete survey submissions for annual and ad hoc salary surveys and utilize results for salary planning, salary structures, and job evaluations.
• Conduct special compensation studies and projects as required.
• Conduct analysis, research, and development of modifications to Compensation programs as needed to support organizational needs.

Benefits

• Health insurance (medical, dental, and vision).
• Paid time off.
• Tuition assistance.
• Generous employee discounts.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers
• Education Level: Bachelor's degree