Total Rewards Specialist
5 days ago
Compensation & Benefits Analyst Job Summary
The estimated salary for this role is $80,000 - $110,000 per year, depending on experience.
We exist to transform our customers and change lives by providing innovative total rewards solutions. As a Compensation & Benefits Analyst at RF-SMART, you will support the development, implementation, and administration of our total rewards programs.
You will work closely with HR colleagues, external vendors, and business leaders to ensure that our total rewards programs are competitive, effective, and aligned with our compensation philosophy.
Main Responsibilities:
- Administer processes in the employee life cycle related to new hire onboarding, compensation (including incentives), benefits, and retirement.
- Determine employee benefit practices by benchmarking best practices; researching industry and employment trends; tracking legislation and estimating impact.
- Conduct employee surveys; form focus groups; analyze responses to determine employee benefit interests.
- Recommend employee benefit programs by examining, evaluating, and optimizing employee understanding, acceptance, and interests, costs, regulatory requirements, and competitive advantage.
- Explain employee benefits by conducting meetings; preparing written and graphic announcements and explanations; responding to requests.
- Administer leave of absence and resolve benefits claims related to disability, parental leave, etc.
- Work with external vendors, including consultants and third-party administrators, to gather data and understand benefit plan dynamics.
- Responsible for research and feedback to escalated customer service issues with third-party administrators.
- Maintain employee confidence by keeping benefit information confidential.
- Conduct compensation data analysis utilizing both internal and external sources highlighting conclusions for the broader total rewards team to make informed decisions.
- Assist with compensation analytics, merit cycles, and incentive reporting.
- Educate HR staff, managers, and employees on compensation and employee benefits planning and processes.
- Proactively provide guidance and training to HR team members, managers, and employees on new HRIS processes and tools.
- Define, communicate, and deliver reporting and analytics to help solve business issues. Analyze, assess, and interpret HR data to inform HR Leadership and the Finance team of trends.
- Analyze data to create high-level and detailed reports of human capital information including compensation, turnover, and organization changes.
- Analyze and maintain employee demographic and assignment data in the HRIS system to ensure data integrity.
- Review and process salary adjustments, promotions, and other compensation-related changes in compliance with company policies.
- Conduct audits to ensure compensation practices and job descriptions remain competitive, equitable, and legal.
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