Compensation Strategy Analyst

3 weeks ago

Chicago Illinois, United States Great Dane LLC Full time

Position Overview:

ROLE SUMMARY


At Great Dane LLC, we value the contributions of our team members and invite skilled professionals to join our growing organization, where safety and excellence are paramount.


Job Summary:

The Compensation Strategy Analyst will be instrumental in driving our company's success by ensuring that our remuneration and benefits frameworks are competitive, fair, and aligned with our strategic goals.

This position involves assessing, analyzing, and overseeing the organization’s compensation and benefits initiatives to attract, retain, and inspire top-tier talent while adhering to applicable laws and regulations.

You will also be pivotal in reviewing and refining our salary frameworks and pay structures.

Key Responsibilities:

WHAT YOU WILL BE RESPONSIBLE FOR
1. Conduct ongoing market analysis and benchmarking to ensure our compensation offerings are competitive within our sector and geographical area.

2. Analyze and interpret compensation data to provide recommendations for salary modifications, bonuses, and incentive schemes.

3. Develop and maintain detailed compensation reports and dashboards to support informed decision-making.

4. Create and uphold salary frameworks and pay structures that reflect the organization’s compensation philosophy.

5. Regularly review and update job descriptions and classifications to ensure accurate and consistent job valuation.

6. Stay informed about federal, state, and local regulations concerning compensation and benefits.

7. Ensure adherence to pay equity and other relevant legislation.

8. Collaborate with HR and management to connect compensation with performance through merit-based salary increases and bonus initiatives.

9. Provide insights on performance evaluation and recognition programs.

10. Maintain precise and confidential compensation data.

11. Prepare and present analytical reports to HR and senior leadership.

12. Regularly evaluate the effectiveness of existing salary frameworks and pay structures.

13. Recommend modifications and enhancements to ensure alignment with organizational objectives and market dynamics.

14. Perform other duties as assigned.

Qualifications:
YOUR SKILLS & EXPERIENCE (ESSENTIAL QUALIFICATIONS)

Education:
Bachelor’s degree in Human Resources, Business Administration, Finance, or a related discipline.

Experience:
Demonstrated experience in compensation management.

Skills:
- Strong analytical and quantitative capabilities.

- Proficiency in compensation analysis tools and software.

- Comprehensive understanding of employment laws and regulations.

- Excellent communication and presentation abilities.

- Exceptional attention to detail and data integrity.

- Strong organizational and project management skills.

Travel Requirements:
None.

PHYSICAL AND MENTAL REQUIREMENTS


The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this role.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:

While performing the duties of this position, the employee is occasionally required to stand, walk, sit, use hands to manipulate objects, reach with hands and arms, and communicate verbally.

Specific vision abilities required by the job include close and distance vision.

Work Environment:
The noise level in the work environment is typically minimal to moderate.

ABOUT GREAT DANE LLC


With a legacy that began in 1900, Great Dane LLC has positioned itself as a leader in transportation solutions, delivering innovative products and exceptional services that empower our customers and employees to thrive.

We not only manufacture durable and high-quality trailers and truck bodies; we cultivate lasting relationships.

WHY JOIN US?


Great Dane LLC is a premier manufacturer of dry-freight vans, refrigerated trailers, and flatbeds, with multiple manufacturing facilities and service centers across the United States.

Our rich history reflects our commitment to the dedicated individuals who contribute to Great Dane's success.

Our workforce is comprised of driven, challenge-oriented, and enthusiastic individuals.


Our culture is built on the principles of safety, leadership, integrity, quality, and passion, offering a rewarding workplace where every employee has opportunities to learn, grow, succeed, and engage in a collaborative environment.

BENEFITS OVERVIEW
- Competitive compensation

- Comprehensive benefits, including dental, vision, and medical with employer contributions

- Retirement programs, including a Pension Plan and 401(k) Plan with employer match

- Tuition Reimbursement

- Paid holidays and vacation

- And more

Great Dane LLC is an Equal Opportunity Employer.

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