Compensation Analyst

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The Compensation Analyst I is responsible to assist with executing basic activities associated with compensation management under the direct guidance of the Compensation Advisor and Manager of HRIS & Payroll. Assist in salary surveys and analyze data from survey sources to determine competitiveness both internally and externally. Assist in preparation of compensation increase and incentive programs. Utilize data results to make recommendations and/or identify trends based on Key Performance Indicators (KPI’s), market information, or business strategy. Assist in preparing required reporting and filings. Work successfully with both internal and external partners including employees, HR team members, business leaders, compensation consultants, vendors, and others. Perform employee data management and analysis processes to ensure that data is secure and maintained consistent with company policies and privacy regulations.

Key Responsibilities

• Champions a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence.
• Collects, analyzes, and compiles data and statistics from the human resource information system (HRIS) and compensation sources to assists with the market benchmarking process and all activities related to analysis of market trends. Participate in market competitive pay positions to ensure pay structure meets overall company goals and objectives.
• Work with internal and external stakeholders for data retrieval, analysis, and reporting.
• Under direct supervision, compiles compensation-related reporting for internal and external data requests for audits.
• Assists the Mgr-HRIS & Payroll and/or Compensation Advisor in the preparation of reports of data results to be presented to management and/or senior leadership.
• Utilizes analytical skills to participate in evaluating, developing, and optimizing compensation programs and opportunities.
• Respond to and resolve basic ad-hoc compensation related reporting inquiries.
• Participate on project team(s) within and/or related to compensation.
• Maintain integrity and confidentiality of departmental records and employee documentation.
  
  

Qualifications

Required Education, Skills & Experience

• BS/BA degree from an accredited college/university in Human Resources, Business Administration, Finance, Accounting, or related field
• 1 years of related experience preferred
• Committed to confidentiality and ability to handle and disseminate sensitive data.
• Willingness to take action on quick prioritization and meeting commitments in a fast-paced environment with a focus on attention to detail and accuracy
• Understands formal and informal intersections and interdependencies to be able to frame the problem, evaluate and research, anticipate downstream affects, and identify future implications across the end-to end system to help prioritize solutions
• Works to identify and propose ways to improve solutions in a seamless, consistent way that results in clients understanding changes and more effectively driving company impact
• Compliance-minded with basic knowledge of compensation philosophy, human resources policies, labor laws, and regulations
• Maintains high level of discretion with confidential material and embraces a higher standard whenever handling employee information
• Ability to relate effectively and tactfully with all levels of employees and leaders to address difficult issues
• Adopts a helpful and forward thinking in approach to problem solving with the desire to find solutions when presented with challenges
• Possess analytical and problem-solving skills to parse data and information to develop rational solutions with focus on making sense of facts and figures. Use logical thinking practices to identify trends or challenges.
• Experience with Microsoft Office possessing basic Microsoft Excel and PowerPoint skills
• Experience with a business intelligence platform (such as MS Power BI) a plus
  
  

Key Competencies

• Balances stakeholders
• Builds effective teams
• Business insight
• Communicates effectively
• Courage
• Demonstrates awareness
• Drives Results
• Drives Vision and Purpose
• Ensures Accountability
• Instills trust
• Nimble learning
• Plans and Aligns
• Strategic mindset
  
  

May perform other duties as assigned.