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Compensation Analyst

2 months ago


Great Neck, United States VIVE Collision Full time
About the Role: This Compensation Analyst supports companywide compensation programs. The analyst is responsible for program administration and implementation of compensation plans consistent with the goals and objectives of VIVE. Provides support, guidelines, and recommendations on base pay management and incentive programs. Communicates compensation knowledge and practices to HR team members and other employees.

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.
Qualifications:
  • 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
Key Competencies:
  • Ethics & Integrity
  • Organizations Skills
  • Communication Skills
  • Relationship Building