Sr. Compensation Analyst

Senior Compensation Analyst

The Senior Compensation Analyst works independently and provides analytical expertise for the planning, design, development, and administration of employee compensation and total rewards programs across the organization. The incumbent collaborates with HR partners, business leaders, and team members in the overall delivery of key compensation initiatives and is responsible for guiding compensation decisions to ensure they are market competitive and internally equitable. The Senior Compensation Analyst models, recommends and executes strategies and programs that maximize the organization's competitive positioning.

Principal Responsibilities:

• Work collaboratively and influentially on projects with cross-functional business partners; including Human Resources, Finance and Legal to achieve desired business outcomes. Helps to ensure that wage and salary recommendations are internally equitable and externally competitive, while also legally compliant.
• Conducts market analysis to research employee compensation in similar industries and uses data analysis techniques to assess results and market trends. Based on findings, recommends changes or updates to the company's existing compensation programs or policies. Prepares and presents summaries and recommendations of job analysis and compensation analysis information with the use of spreadsheets.
• Provide guidance to HR Partners and leaders regarding salary changes associated with promotions, demotions, transfers as well as market and equity adjustments. Provides advice and guidance on applicable state and federal compensation regulations/guidelines, provides information to aid in collective bargaining negotiations.
• Lead or assist with projects that support compensation design; including data collection, data analysis, ROI analysis, presentation development, communication and program implementation.
• Prepares and maintains job descriptions for each position in the organization, ensuring job descriptions accurately reflect the work being performed, the minimum requirements and KSAs needed to be successful in the role. Conducts job evaluations to ensure appropriate placement of the job within the job architecture. Complete FLSA tests for all jobs to identify jobs that are exempt under the Fair Labor Standards Act (FLSA).
• Benchmarks jobs against survey data and other market intelligence to determine competitive compensation ranges for each position. Prepares and maintains job classifications and salary ranges.
• Participates in enterprise compensation projects and cyclical processes including the Annual Compensation Planning program and the annual market/equity analysis initiative.
• Responds to various compensation requests from Human Resource Partners via ServiceNow, ensuring completion within the prescribed Service Level Agreement (SLA) timing for the respective requests.
• Helps to ensure that wage and salary recommendations are internally equitable and externally competitive, while also legally compliant.
• May provide compensation consulting support to the business.
• Other non-essential duties as assigned or may be necessary.

Knowledge / Skills / Abilities:

• Advanced analytical and organizational skills.
• Knowledge of quantitative and qualitative research methods.
• Knowledge in compensation principles and practices.
• Well versed on Fair Labor Standards Act.
• Excellent understanding of job analysis and job description building.
• Competency in project management.
• Critical and strategic thinking skills.
• Ability to communicate, persuade and make effective formal presentations.
• Results oriented, being able to anticipate key issues and problems and come to resolution quickly.
• Proficient with Microsoft Office Suite with keen working knowledge of MS Excel and PowerPoint.

Qualifications:

• Certified Compensation Professional (CCP) Preferred.

Minimum Requirements:

• 4 to 7 years of experience in compensation including completing job analyses, developing salary structures and building incentive programs; completing complex analyses and providing guidance to business partners on compensation related items.