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Compensation Analyst
2 months ago
Key Responsibilities:
- Supports the administration of base pay and incentive programs, including salary increases, recurring bonus programs, the Annual Bonus Plan, and other recognition programs.
- Supports designing and maintaining the organization's pay structure, ensuring compliance with state and federal guidance.
- Administers bonus payout for recurring bonuses. This includes producing bonus calculations based on incentive plan matrices and compiling payouts for submission to the Payroll department for processing.
- Provide guidance on payment administration, respond to plan and payout inquiries, submit requests for processing to payroll, calculate retro payments as needed, and create letters of communication.
- Provides analytical and trend reporting of existing workforce and pay programs, delivering recurring reporting to stakeholders on crucial information.
- Communicates and works in partnership with HR team members, sales operations, and Finance on compensation programs, initiates, projects, and systems.
- Participate in salary surveys and provide market analysis on an annual and ad-hoc basis.
- Provides support for project plans and programs/projects in support of the compensation department. Tracks project deliverables and hold fellow team members accountable for their responsibilities.
- At least 3 - 5 years of experience in compensation administration and analytics
- Proficient in Microsoft Office (Excel, Word, PowerPoint)
- Advanced Excel skills, including the use of pivot tables, macros, formulas, data validation, and tables
- Knowledge of HRIS Systems (ADP Workforce Now preferred), including running queries and accessing and manipulating data
- Data Modeling and research skills
- Ability to think creatively and take various perspectives when considering a topic
- Ability to take an abstract concept and turn it into a tangible product
- Understands how the business works and an in-depth knowledge of the impact of rewards programs and compensation on the businesss employees and financial metrics
- Ethics & Integrity
- Organizations Skills
- Communication Skills
- Relationship Building