Compensation Analyst Senior

Job Description

Summary

DescriptionSummary of This Role

Provides compensation consulting services to several business lines/areas of the company. Responsible for day-to-day design, administration and management of global compensation programs and systems. Develops, analyzes, implements and manages team member, company, and industry data for the compensation function. Participates and manages special projects requiring interface with vendors, consultants and company personnel at all levels.

What Part Will You Play

- Administers and assist in the development of compensation practices/ programs to include salary structures, bonus programs, sales compensation plans, compensation systems, and compensation procedures/policies/regulations.
- Participates in compensation surveys and compiles data, salary survey results and other available competitor information sources to perform the job valuation/market pricing process and prepares matches for review.
- Advises and communicates to most levels of management and Team Members on established policies and procedures, fixed/ variable compensation programs, and compensation systems. Provides detailed answers to complex questions and requests for information.
- Reviews submitted job descriptions for quality and availability of comparable roles in the marketplace. Maintains job description database for modifications, additions and deletions as submitted by HR/Management. Makes cursory determination or recommendation based on established criteria to requests for further development of additional job titles/descriptions.
- Reviews existing and proposed statutory requirements governing the company&aposs compensation administration and reports potential impact of statutory changes to management; administers processes to ensure compliance.
- Provides standardized and assists in the development of ad-hoc compensation reports, forecasts, and analyses from Human Resources Information Systems and business applications to assist management with decision making.
- Assists the Head of Compensation and Benefits with established Executive Compensation projects and programs.

What Are We Looking For in This Role

Minimum Qualifications

- Bachelor&aposs Degree
- Relevant Experience or Degree in: Typically, Human Resources Management or Finance; a major which emphasizes analytical skills
- Typically Minimum 4 Years Relevant Exp
- Specialized compensation analysis/administration experience or general HR experience with a focus in compensation

Preferred Qualifications

- Master&aposs Degree
- Typically, Masters in Business Administration (MBA) with a concentration in Human Resources Management or Finance
- Typically Minimum 6 Years Relevant Exp
- Specialized compensation analysis/administration experience or general HR experience with a focus in compensation; has acted in an advisory role
- Any one of the following: Certified Compensation Professional (CCP); Global Remuneration Professional (GRP); Certified Sales Compensation Professional (CSCP); Certified Executive Compensation Professional (CECP)

What Are Our Desired Skills and Capabilities

- Skills / Knowledge - A seasoned, experienced professional with a full understanding of area of specialization; resolves a wide range of issues in creative ways. This job is the fully qualified, career-oriented, journey-level position.
- Job Complexity - Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Networks with senior internal and external personnel in own area of expertise.
- Supervision - Normally receives little instruction on day-to-day work, general instructions on new assignments.
- Computer Knowledge - Advanced Excel; intermediate Word, PowerPoint, and Access
- HRIS Systems - Ability to learn software applications and HR Systems and utilize their report writing tools to develop ad-hoc reports
- Compensation Acumen - Fundamental compensation concepts; business operations; HR practices; comprehensive understanding of the FLSA; in-depth knowledge of compensation theories and practical applications; basic statistical techniques

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