Compensation Analyst

Job Title: Compensation Analyst

Location: Reston, VA 20191

Duration: 5 Months

Job Type: Temporary Assignment

Work Type: Hybrid

Pay Rate:$35.00-$40.00/HR

Overview:

TekWissen Group is a workforce management provider throughout the USA and many other countries in the world Wide.

Job Description:

Responsibilities:

• Maintains, supports, and provides recommendations regarding the implementation and administration of compensation programs and systems intended to align total cash compensation with business objectives.
• Conducts analysis of jobs, salaries and incentives in order to evaluate internal equity, external competitiveness, and legal compliance of pay practices.
• Maintains an active list of upcoming minimum wage and minimum compensation changes. Collaborates with Compensation, HR, Financial Planning & Analysis, Commercial and other leaders to prepare cost models well in advance of effective dates. Shepherds increase models through the iterative and approval processes, then collaborates with HRIS and Payroll to implement changes.
• Tracks the compliance level, effective dates and interdependencies on Bureau of Labor Statistics (BLS) Consumer Price Index (CPI), unemployment rates and other measures that determine timing and amount of increases as determined by each governing entity.
• Performs internal and external market studies and recommends salary ranges and/or adjustments.
• Analyzes new jobs and recommends new grades based on Market data and internal equity.
• Reviews new company salary administration and incentive plans and assist in the administration of the annual merit review process.
• Tracks state minimum wage increases and applies related increases to Union employees based on their seniority.
• Proposes wage increases for Union employees based on state minimum wage and market data and estimates annual cost for increases.
• Reviews compensation proposals for position requisitions and salary adjustment proposals to ensure internal equity and external competitiveness
• Maintains job description database to ensure all current job descriptions are updated and posted
• Develops reports and reporting mechanisms to meet broad-based information needs including metrics, analysis, and audit purposes.
• Recommends Fair Labor Standards Act (FLSA) and Equal Employment Opportunity (EEO) classification for new and current positions
• Performs audits for conformance to company structure and legal compliance
• Provides guidance to the Human Resources business partners for compensation policies and processes
• Plays active role in compensation data integration between merged or acquired companies
• Conducts and participates in compensation surveys
• Performs centralized data entry in payroll system for non-represented employees
• Provides analysis and supports to the Human Resources team for projects and tasks as required

Qualifications

Education:

• Bachelors degree from a four year college or university or relevant experience required.Some coursework in human resource management desired

Work Experience:

• Minimum 5 years experience of compensation analysis required

Technical Skills: (Certification, Licenses and Registration)

• Strong analytical skills
• Excellent excel spreadsheet skills
• Knowledge of information technology and compensation best practices
• Certified Compensation Professional (CCP) preferred

Language / Communication Skills:

• Ability to take initiative and be self-motivated
• Proven teamwork with ability to work with team members across all corporate functions
• Ability to interact effectively with all levels and operation units of the organization
• Attention to detail and ability to provide fast turnaround when needed
• Excellent communication skills - correspondence to internal and external customers
• Ability to communicate effectively with individuals possessing varying degrees of technical and functional knowledge

TekWissen® Group is an equal opportunity employer supporting workforce diversity.