Compensation Analyst III

9 hours ago


Virginia Beach, Virginia, United States GEICO Full time
Job Summary

As a Compensation Analyst III at GEICO, you will play a key role in managing the administration of base salary compensation, job evaluations, market pricing, and salary structure. This position requires a strong understanding of compensation principles and practices, as well as excellent analytical and communication skills.

Responsibilities
  • Develop and present summary reports of job analysis and compensation analysis information.
  • Prepare survey submissions and gather data from market-based compensation surveys; use spreadsheet and data analysis techniques to assess results and market trends.
  • Support the Compensation Business Partner for corporate functions to serve the business for job evaluations, external candidate offers, salary structure reviews, and other business needs as they arise.
  • Act as project planner for scheduled and ad hoc initiatives such as salary schedule reviews, to include facilitating change controls, change management strategy, and timeline.
  • Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
  • Advise HR Business Partners and management on salary administration, job code use, wage-hour issues, state and federal pay regulations, as well as compensation policies and procedures.
  • May strategize and implement wholistic department job and compensation reviews.
  • May propose job architecture structures and job profile taxonomy to support department structure and needs.
  • May prepare and maintain job descriptions for each position in the organization; ensure descriptions accurately reflect the work being performed. Gather and document job, organizational, and occupational information, including duties, responsibilities, and skills required by each job. Assess jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
Requirements
  • 7+ years related experience in compensation analysis.
  • Bachelor's degree in Business Administration, Human Resources, Mathematics, Finance, or related field.
  • Proficient in Excel.
  • Experience with Workday HCM and Advanced Compensation preferred.
Benefits

As an Associate at GEICO, you'll enjoy our comprehensive benefits package, including:

  • Premier Medical, Dental, and Vision Insurance with no waiting period.
  • Paid Vacation, Sick, and Parental Leave.
  • 401(k) Plan.
  • Tuition Reimbursement.
  • Paid Training and Licensures.

At GEICO, we're committed to helping our Associates secure their financial future and preserve their health and well-being.



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