Compensation Specialist

1 month ago

Chattanooga, Tennessee, United States Kenco Logistics Services, LLC Full time
Job Title: Compensation Analyst

About the Role:

The Compensation Analyst plays a pivotal role in providing expert guidance on compensation-related matters across various lines of business in the United States and Canada. This position supports the design, implementation, and administration of total reward programs to attract, retain, and motivate employees. A successful analyst will collaborate with stakeholders to integrate industry best practices into programs and advise leaders on how to leverage these programs to fully engage employees.

Key Responsibilities:

  • Partner with HR Business Partners, site-based Human Resources, and business leaders to understand their needs, provide counsel, and serve as a compensation subject matter expert.
  • Provide compensation expertise and counsel to HR Business Partners and Management for assigned business units on all compensation matters, including salary management, compensation program administration, and plan design, new hire and retention needs, and policies and procedures in support of strategic objectives.
  • Assist in generating competitive solutions to challenging compensation issues while counseling and educating HR Business Partners and Management on compensation philosophy and practice.
  • Communicate, train, and provide guidance and tools to business leaders throughout the compensation planning process, including setting up and administering annual compensation programs (i.e., merit, annual bonus, etc.).
  • Ensure the accuracy and effectiveness of compensation information (including communications, tools, and education) and act as a liaison to Human Resources Partners, HR management, and business leaders.
  • Implement procedures to streamline compensation processes to ensure compliance with regulatory requirements and work with Human Resources Partners to educate line management on pay administration practices.
  • Perform necessary audits to ensure compliance with local, state, and federal agencies (e.g., the Fair Labor Standards Act, Office of Federal Contract Compliance Programs, and Equal Employment Opportunity Commission) and other applicable laws and regulations.
  • Prepare complex reports, presentations, compensation analyses, cost estimates, and other materials as requested, including recurring reports.
  • Participate in the survey submission process, partnering with HR to ensure accurate matching strategies, including maintaining accurate and up-to-date data in market pricing libraries. Make recommendations to managers regarding salary budgets.
  • Participate in projects in support of strategic objectives and reward initiatives, partnering with management and the Human Resource Team to achieve results. May lead team projects and allocate work to team members as needed.

Requirements:

  • Bachelor's degree in Human Resources/Business Administration or a related field required.
  • 1-3 years' experience directly in compensation or a combination of progressive human resources roles required; sales compensation experience desired.
  • Working knowledge of local, state, and federal legislation that impact compensation policies and programs.
  • Prior experience with Human Capital Management systems (i.e., UltiPro) and utilizing business intelligence tools (i.e., Cognos) to extract employee data and create complex reports preferred.

Competencies:

  • Business Acumen - Knowledgeable in current and possible future policies, practices, trends, technology, and information affecting his/her business and organization.
  • Communicate for Impact - Proactively communicate with all stakeholders throughout the life cycle of programs and projects.
  • Influencing Others - Can quickly find common ground and can solve problems for the good of the organization with a minimal amount of noise. Authentically gains trust and support of peers.
  • Managing Transitions/Change Management - Effectively plans, manages, and communicates changes in processes with appropriate stakeholders.
  • Strategic Agility - Enable Kenco to remain competitive by adjusting and adapting to innovative ideas necessary to support Kenco's long-term organizational strategy.

Travel Requirements:

  • This position is expected to travel approximately 25% or less.

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