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Compensation Analyst

4 months ago

St Louis, United States LevelUP HCS Full time

Working for the Rabobank Group demands special competencies from the individual employee, who must have a natural tendency to collaborate with customers, members and colleagues. The added value manifests itself in permanent, mutual collaboration between all national and international business units, and entities, within the Rabobank Group. The permanent collaboration enables us to achieve shared professional results, where short-term and long-term customer interest is at the forefront.


This requires employees to have a personality which is clearly "actively focused on other people", and for employees to make careful consideration between risks and results in the performance of work duties, with the objective to increase and maintain customer confidence in the entire value chain of product development, product distribution and customer advice. Employees within the Rabobank Group are aware of possible risks to the organization in performing their work duties and handle these risks with care.


The Rabobank Group’s Code of Conduct forms the framework for how to do business within the entire Rabobank Group.


Objective of the Role:The Compensation Analyst performs a variety of professional, technical and analytical compensation and classification activities related to the Company’s compensation framework. Activities include analysis, design and administration of employer compensation programs, salary bands and variable pay programs, as well as job evaluation, grade determination, market research and pay equity analysis.


Key Responsibilities and Accountabilities of this Role:

  • Collaborates with the Compensation team on a variety of projects, including program design, analysis, budgeting and implementation of new and existing programs.
  • Assists with planning and implementing the annual and mid-year Compensation Review processes.
  • Performs grade evaluations by analyzing positions to determine scope of employee responsibilities and requirements.
  • Recommends, develops and implements appropriate employee compensation structures and plans.
  • Manages salary structure maintenance.
  • Reviews wide range of relevant compensation data to ensure company's remuneration policies are competitive.
  • Contributes company data to compensation surveys.
  • Analyzes internal and external salary statistics, including results of compensation surveys.
  • Conducts internal pay equity analysis.
  • Reviews new positions in anticipation of recruitment to ensure appropriate classification. As necessary, modifies and creates new job descriptions which accurately reflect current roles, responsibilities and recommendations.
  • Reviews requests for classification review, makes classification/pay level determinations and ensures requests for adjustments comply with current compensation policy.
  • Maintains and ensures consistent application of classification standards for all job classes.


Key Performance Indicators:

  • Processes information logically and is able to use the result in appropriate business applications to meet the requirements of the job. Assesses every day and extraordinary situations well.
  • Makes sound business decisions; understands and achieves respective business plan goals.
  • Reliably organizes work, works effectively and efficiently, priorities work and anticipates business need. Juggles multiple projects simultaneously.
  • High level of commitment to excellent customer service. Extends extra effort to ensure customers are treated according to pledge. Coordinates department’s effort, within department or with other groups, to achieve departmental goals.
  • Processes information logically and is able to use the result to recommend and implement the appropriate business applications to meet the requirements of the job. Handles normal and extraordinary situations well.
  • Regularly communicates with management regarding possible realignment or training needs. Addresses individual needs immediately and identifies opportunities to enhance the competency and effectiveness of the company as a whole.


Knowledge, Experience and Competencies

  • Education Level: Bachelor's Degree
  • Years of Relevant Experience: 5+ years
  • Other Required Experience: Previous compensation/job grading experience a plus


Additional Requirements and/or Qualifications

  • Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to effectively present information to management and employees. Ability to calculate figures, amounts, and percentages.
  • Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems.
  • Ability to deal with nonverbal symbolism (formulas, graphs, etc.). Ability to deal with a variety of abstract and concrete variables.
  • Experience in handling sensitive, confidential information.
  • Ability to raise issues proactively and in a timely manner.
  • Able to communicate effectively and build relationships with all levels of the organization.
  • Must possess excellent human relations and communication skills and work effectively without direct supervision. Effective time management and organizational skills required.
  • Exhibits high degree of professionalism and confidentiality in handling and having access to sensitive employee information. This position requires the use of tact, discretion and good judgment.