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Compensation Analyst

3 months ago

Brooklyn Center, United States Coffee and Bagel Brands Full time

At Caribou Coffee we create day-making experiences that spark a chain reaction of GOOD This is our purpose. Our team brings this to life by focusing on what's really important around here - TEAM, GUEST, QUALITY It's that simple. If you're ready to work somewhere you can be yourself while making an impact on your community, creating life-long relationships, and serving the best coffee around, join our herd Apply today and be part of the 'Bou Crew

Position Overview:

As a Compensation Analyst, your role is to design, develop, and implement compensation and incentive packages to attract and retain team members. You'll work closely with the HR team, executives, and department managers to ensure that the organization is providing a fair and competitive rewards system that aligns with the company's goals and values. Additionally, this position is critical to ensuring compliance, and integrity in compensation processes, and supporting overall educational initiatives related to the rewards and recognition plans.

Analyzes, designs, and administers employer compensation programs, including base pay, long and short-term incentives, spot bonuses, commissions, and stock that align with company objectives for recruiting, retention, and employee engagement. Designs and communicates pay structures, grades, compensation budgets, and guidelines. Advises managers on making effective pay decisions that support employee engagement and comply with compensation policy and budgetary guidelines. Evaluates jobs and develops and maintains job descriptions and job architecture. Participates in compensation surveys, and conducts research and analysis on market competitiveness, pay equity, and compensation trends. Requires a bachelor's degree or equivalent.

Core Responsibilities

Base pay administration

  • Oversee job evaluations, market pricing, leveling, and benchmarking processes across the company to ensure competitive and equitable compensation packages

  • Design and maintain job leveling and grading system to support the overall organization

  • Lead the support of the merit cycle process for field and support center partners

  • Participate in annual benchmarking and compensation surveys

  • Research and inform on market trends to guide organizational strategy and budget planning

  • Create and maintain compensation policies and processes that support attraction and retention goals for the organization

  • Create and facilitate training to inform leaders and other stakeholders on compensation philosophies and best practices

  • Serve as compensation contact to HR partners and other stakeholders to provide advice, direction, and guidance on compensation matters

  • Manage internal total rewards statement and offer letter processes

Incentive pay administration

  • Oversee administration of Short-Term Incentive plans (STIP), including but not limited to quarterly/annual bonus program

  • Oversee administration of Long-Term Incentive plans (LTIP), including the biannual cycle of grants, sales, and purchases of stock-based compensation

  • Oversee other one-time payment programs, including signing, referral, and spot/project-based bonus programs

Compensation compliance administration

  • Drive compliance through awareness and oversight of programmatic needs related to FLSA, pay transparency, ESST, and other applicable laws.

  • Conduct audits and reviews of compensation programs to ensure compliance with laws and regulations

  • Oversee minimum wage and other compensation-based changes to ensure compliance and communication

Skills and Qualifications

  • Contribute to culture by bringing the Core Values to life in all that you do: Support One Another, Make Fun Happen, Be Yourself, Take Ownership, ServewithLove

  • Strong collaborative and communication skills to drive positive relationships and ensure key stakeholders are informed about the state of their needs/expectations.

  • High attention to detail.

  • Inherently curious - identify process or procedural opportunities and use data to support findings as well as validate the solution.

  • Strong organization and prioritization experience.

  • Offer strong mentorship to direct reports for personal and professional development.

  • Demonstrate expert-level understanding of Caribou Coffee offerings and resources.

  • Ability to communicate well one-on-one as well as present to small groups or teams.

Qualifications:

Required:

  • 2-4 years of Analyst-level experience with compensation.

  • Bachelor's degree or higher with a concentration in Human Resources or a similar field.

  • Proficient in Microsoft systems, including Outlook, Excel, Word, and PowerPoint.

  • Ability to analyze, document, and present data for a variety of audiences at different levels within the organization.

Preferred:

  • SHRM certification

  • Workday HRIS experience

  • Data analytics and reporting experience

Physical Requirements:

The physical requirements for this position include sitting, standing, bending, lifting, and moving intermittently during working hours. These physical requirements must be accomplished with or without reasonable accommodation.

The duties of this position may change from time to time. Caribou reserves the right to add or delete duties and responsibilities at the discretion of Caribou or its managers. This job description is intended to describe the general level of work being performed. It is not intended to be all-inclusive.

Caribou Coffee Operating Company, Inc. and itsaffiliatesare proud to be Equal Opportunity Employersto all applicants for employment and prohibit discrimination and harassment of any type based on any characteristic protected by federal, state or local laws. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Address: | 3900 Lakebreeze Ave N , Brooklyn Center, Minnesota 55429 |

The physical demands for this position are seeing, hearing, speaking, reaching, lifting up to 50 pounds, sitting, standing, for 4 to 8 hours, bending, and moving intermittently during working hours. These physical demands may be accomplished with or without reasonable accommodations.

The duties of this position may change from time to time. Caribou Coffee reserves the right to add or delete duties and responsibilities at the discretion of the company or its managers. This job description is intended to describe the general level of work being performed. It is not intended to be all-inclusive.

Caribou Coffee Company, Inc. and its subsidiaries ("Company") are proud to be Equal Opportunity Employers of Minorities, Women, Protected Veterans, and individuals with Disabilities and do not discriminate based on gender identity or sexual orientation.

Brand:

Caribou Coffee
Caribou Coffee and Einstein Noah Restaurant Group, Inc. is proud to be an Equal Opportunity Employer of Minorities, Women, Protected Veterans, and Individuals with Disabilities and does not discriminate based on gender, identity or sexual orientation.