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Senior Compensation Analyst

2 months ago

Tustin, California, United States Tricon Residential Full time
Job Title: Senior Compensation Analyst

Tricon Residential is a leading owner and operator of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents, and local communities underpins our culture and business philosophy.

We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams.

Job Summary

The Senior Compensation Analyst plays a crucial role in ensuring equitable and competitive compensation practices within the Company. This position is responsible for a comprehensive array of compensation-related activities, including analyzing and evaluating compensation data, developing and implementing salary structures, conducting market research, and collaborating with key stakeholders to ensure our compensation programs attract and retain top talent in both the US and Canada.

Key Responsibilities
  • Act as the face of the Compensation function with HR Business Partners and managers on compensation matters, including discussions on appropriate salary ranges for new job profiles, pay for new hires, and pay for internal promotions that align to Tricon's policies and compensation infrastructure.
  • Use specialized training, experience, and knowledge in the field of compensation management to help create policies and procedures for the function, incorporating industry best practices where applicable in support of the Company's Compensation Philosophy.
  • Exercise discretion and independent judgment to evaluate how compensation policies can best be improved over time to address novel situations impacting the function after various possibilities have been considered.
  • Conduct comprehensive analysis of compensation data to ensure internal equity and market competitiveness, and present findings to management.
  • Help develop and maintain salary structures, ensuring alignment with organizational goals and industry standards.
  • Compile and submit data for external salary surveys and benchmarking studies, and use the results of those surveys to evaluate our position relative to the external market.
  • Prepare reports, presentations, and other analyses to communicate compensation trends and recommendations to HR and Company leadership.
  • Assist in the administration of variable pay programs, and help design incentive plans to motivate eligible team members and improve performance.
  • Conduct job evaluations and provide recommendations on placement of new job profiles into the Company's salary grades, and help set competitive variable pay targets for new roles that align to the career path for the role and the Company's standards and policies.
  • Stay up to date on federal, state, and local regulations related to compensation to ensure compliance.
  • Support compensation-related projects such as annual compensation reviews and incentive plan redesigns.
Requirements
  • Excellent communication and polished presentation skills, with the ability to effectively communicate complex compensation concepts to diverse audiences.
  • Proven experience in compensation analysis, salary structure design, and market research.
  • Strong analytical skills with the ability to interpret complex data sets and make data-driven recommendations.
  • Proficiency in compensation survey methodologies and statistical analysis.
  • Strong attention to detail and accuracy in data analysis and reporting.
  • Ability to work collaboratively in a team environment and build effective relationships with stakeholders at all levels of the organization, and ensure sensitive and confidential information is secured.
  • Knowledge of federal, state, and local employment laws and regulations related to compensation practices.
  • Demonstrated proficiency in Microsoft Excel and PowerPoint.
Preferred Qualifications
  • Experience with the HCM and Advanced Compensation modules of Workday preferred.
  • Certified Compensation Professional (CCP) designation preferred.
Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including:

  • Frequently required to sit; talk; and hear.
  • Occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch.
  • Occasionally lift and/or move up to 10 pounds.
  • Vision abilities required by this job include close vision, distance vision, and depth perception.

At Tricon, we are committed to creating a workplace where every individual is valued for their unique contributions, experiences, voices, and backgrounds. By embracing these principles, we aim to positively impact our business and the communities we serve, creating a lasting legacy where everyone can thrive.

Salary Range: Placement within this compensation range will be determined by the candidate's knowledge, experience, and skills. $83, $139,860.00