Description:
As a Compensation Analyst, you will be a key member of the Compensation team reporting to the Director, Compensation. In this role, you will help to advance our compensation philosophy by being a critical advisor and support to our business leaders. You will work with cross-functional partners to drive pay decisions that are externally competitive, internally equitable, and legally compliant. You will also participate in the development and execution of compensation processes and initiatives to include a heavy focus in our Sales Plans.
Essential Duties
- Working closely with business unit and corporate leaders to benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges for each position.
- Provide ongoing compensation support on off-cycle pay increases, promotional adjustments, and other pay-related changes including ad hoc requests.
- Assist in design, develop, and implement sales compensation plans that align with company goals and objectives.
- Analyze sales performance data to evaluate the effectiveness of existing compensation plans and make recommendations for improvements.
- Conduct regular reviews of compensation plans to ensure competitiveness in the market and alignment with industry best practices.
- Build and maintain relationships with business leaders in human resources and other departments to ensure effective collaboration.
- Maintain internal HR Case Management ticket system and Compensation Inbox providing initial support and market pricing in a consultative and timely manner.
- Review Job Matches to surveys as needed. Collect data for yearly submission to multiple salary surveys and yearly merit budget surveys.
- Assist in the administration of short and long-term incentive programs including record keeping, reporting and communication.
- Manage compensation projects from design to execution, including modeling, project planning, communication, and training. Work collaboratively with stakeholders to achieve objectives.
- Serve as a liaison with outside vendors in the management of survey data, consulting projects, and compensation programs.
- Perform other related duties as assigned.
Qualifications
Qualifications
- Bachelor’s degree in business, finance, human resources or a related field
- 5+ years of broad-based compensation experience
- 2+ years of design and maintenance of Sales Incentive Plans.
- Familiarity with DayForce or other human capital management software preferred
- Knowledge of quantitative and qualitative research methods
- Knowledge of human resource regulations and best practices.
- Excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- Experience with Microsoft Office Suite or similar software, specifically Microsoft Excel.