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Compensation Analyst
4 months ago
Job Description
Compensation Analyst
Position Type: Full Time
Exempt
Hybrid Flexible (Up to 3 Days Onsite)
Location: Los Angeles
Salary Range: $91,350.00 - $110,825.00*
- _The salary range is the one that Munger, Tolles & Olson LLP reasonably expects to pay for this position. The salary range does not guarantee, obligate, nor set expectations of an applicant’s wage in the event of hire. The posted range is only one component of Munger, Tolles & Olson LLP’s Total Rewards package._
- _
The Compensation Analyst is a member of the Human Resources team and independently researches market compensation against position requirements to ensure that Munger, Tolles & Olson LLP remains competitive for the purposes of attracting, motivating, and retaining outstanding talent. The analyst provides excellent customer service with a tailored approach when preparing and delivering information for various levels of management within the firm.
Job Functions & Responsibilities
- Prepares and maintains job descriptions for each position in the firm; ensures descriptions accurately reflect the work being performed by incumbents.
- Works with HR management and managers to gather and document job, organizational, and occupational information including duties, responsibilities, and skills required by each job.
- Responsible for the timely and accurate maintenance of the firm’s job description library.
- Assesses roles and their respective duties to determine FLSA classification and appropriate salary range.
- Provides primary support for the annual compensation planning cycles, including system design requirements and program deliverables.
- Prepares and maintains compensation survey data and other market intelligence to ensure competitive compensation ranges for each position; uses spreadsheet and data analysis techniques to assess results and market trends.
- Reviews survey results and proactively provide the analysis of market trend and recommendations for any changes in the firm’s structure or individual adjustments based on the data.
- Prepares summary reports of position analysis and compensation analysis information for presentation to senior management, and leadership as required.
- Working closely with leadership and recruiting team, prices new and existing roles and provides recommendations on new hire offers, promotions, and adjustments.
- With HR management, evaluates and implements job analysis instruments, data sources and other materials.
- With HR management, drives the enhancement of the firm’s compensation programs and processes, including, but not limited to, the development and refinement of salary grades, cross-departmental position-leveling, and incentive programs.
- Develops novel compensation approaches to meet the firm’s needs in an ever-changing talent environment.
- Ensures consistency, equity and appropriate transparency of the firm’s compensation and related incentive programs.
- Assists with design and implementation of compensation-related management tools.
- With HR management, prepares and submits data related to statutory reporting.
- Maintains and develops current knowledge on applicable state and federal employment regulations, compensation policies and related human resource procedures to advise management as needed.
- Performs other related duties as assigned.
Minimum Job Qualifications
- High school diploma or GED and 4+ years of experience in compensation analysis. Bachelor’s degree strongly preferred.
- A minimum of three years’ experience developing and maintaining compensation programs in a sophisticated environment.
- Law Firm or professional services experience highly desired.
- Strong knowledge of quantitative and qualitative research methods.
- Strong knowledge of relevant human resource laws, regulations and best practices.
- Excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- Proficient with Microsoft Office Suite, particularly Excel (pivot tables and formulae) or similar software.
- Familiarity with HRIS & Payroll systems.
Physical Demands
Standing, moving about, walking, sitting at a desk, reaching, lifting up to 15lbs, writing, typing and computer use
Working Conditions
Quiet office environment in a high-rise building, seated the majority of the time
Direct Reports
None
Competencies
- Teamwork and Cooperation: Treats others with respect; works well with others; asks for help when necessary; willing to share credit; avoids pointing fingers or assigning blame; volunteers to help others when available to do so; empathetic to others.
- Communication: Communicates clearly and appropriately with adequate frequency and tools; understands the need for regular, timely and high-quality communication; listens actively and asks appropriate questions; understands the message.
- Flexibility: Adapts to changing conditions; willing to do something new/different; open to change; accepting of differences.
- Pro
