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Compensation Analyst

2 months ago

Lakeville MN, United States Compeer Financial Full time

Compeer Financial is seeking collaborative, innovative and dynamic professionals to be a part of our Top Workplace cultureTell me more about this opportunity.Position Overview:
This position is responsible for the development, implementation, and administration of the compensation programs, including communication and training. The responsibilities include conducting analysis on internal and external salary data, evaluating jobs to determine classification and salary, ensuring compensation practices are in alignment with organization policies and guidelines, and are competitive with the market. Serves as a compensation resource for all team members and leaders. Supports the Total Rewards team by administering different compensation and rewards programs, as needed.Essential Functions: * Collaborates with department leaders and HR partners to complete job analysis and job evaluation on new and revised positions. * Drafts, edits and updates job descriptions. Evaluates job descriptions to determine FLSA status and appropriate salary grade. * Participates in salary surveys to benchmark company compensation programs. * Conducts market pricing by using the appropriate survey sources, scope criteria, and survey job matches. * Analyzes market competitive practices in compensation programs and recommends adjustments (pay range adjustments, merit, etc.). * Collaborates with Human Resources (HR) partners to analyze and recommend compensation packages for job offers to candidates on a timely basis, ensuring alignment with internal equity and competitive external market pricing. * Assists in the design and administration of variable compensation programs including short and long-term incentive plans, commission plans and other bonus plans.Minimum Qualifications & Required Knowledge, Skills and Abilities: * Bachelor"s degree in human resources, business administration, finance or related field; or an equivalent combination of education and experience sufficient to perform the essential functions of the job. * Minimum of 3 years of compensation or human resources analytics work experience, including handling personal and confidential information. * Professional compensation or human resources certifications preferred (SPHR, PHR, CCP). * Knowledge of FLSA and compensation-related federal, state and local regulations. * Knowledge of general industry compensation practices. * Strong client service focus, communication (verbal and written), presentation, interpersonal, and conflict resolution skills. * Strong analytical skills and ability to make recommendations based on data and effectively communicating the information. * Tact, diplomacy, and good judgment are necessary, even when working under pressure. * Excellent attention to detail, organization, and time-management skills. * Quick learner who thrives in a collaborative team environment. * Proven ability to work independently and manage multiple projects simultaneously. * Advanced proficiency with Microsoft Excel and other MS Office applications. * Report writing skills in an HRIS for compensation and analysis purposes. * Ability to gather and process large volumes of data used in the administration of various compensation programs. * Ability to maintain HR and compensation expertise through ongoing educational opportunities.
Who is Compeer Financial?Compeer Financial exists to champion the hopes and dreams of rural America. By joining our team, you will help empower those in agriculture and rural communities to achieve their goals and expand their possibilities. We embrace business agility and innovative approaches to serving our clients and communities.Why join our team? * Amazing team members who are passionate about serving agriculture and rural America. * Investment in our team members" education, growth and development. * Engagement in our communities through giving back and volunteerism. * Flexible, collaborative and dynamic work environment. * Great benefits: * Medical, Dental, Vision insurance * 401K (3% Compeer contribution & up to an additional 6% match) * Paid time off (vacation, sick leave, holidays, volunteer time)Find out why our team members choose Compeer Financial by watching this video.How do I apply?Qualified candidates, please apply online at www.compeer.com/careers.Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.