What are the responsibilities and job description for the Compensation Analyst II position at Generac?
Primary Purpose
The Compensation Analyst II is responsible for analyzing, implementing, and maintaining the company’s compensation programs. This role involves conducting market research, evaluating job positions, and ensuring that the company’s compensation practices are competitive and compliant with legal requirements.
Major Responsibilities
Education
Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field or a related field.
Certification / License
Work Experience
Three years of experience in compensation analysis or a related HR role
Knowledge / Skills / Abilities
Demonstrated critical thinking, research, analytical, and quantitative skills.
Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources.
Proficiency in MS Office applications. Highly proficient with Excel.
Demonstrated understanding of the laws and regulations that affect human resources and compensation.
Ability to handle confidential information with discretion.
Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.
Preferred Job Requirements
Education
Certification / License
Work Experience
Knowledge / Skills / Abilities
Experience using HR technology such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.
Experience using compensation administration software such as BetterComp, MarketPay, PayFactors, CompAnalyst, etc.
Experience delivering both compliance-based and consultative compensation solutions to internal clients.
Global Compensation Experience To Include Canada, Mexico, And Europe.
Physical Requirements and Working Conditions
PHYSICAL DEMANDS:
Office Environment (Includes field sales):
While performing the duties of this job, the employee is regularly required to talk and hear; and use hands to manipulate objects or controls. The employee is regularly required to stand and walk. On occasion, the incumbent may be required to stoop, bend, or reach above the shoulders. The employee must occasionally lift up to 25 pounds. Specific conditions of this job are typical of frequent and continuous computer-based work requiring periods of sitting, close vision, and the ability to adjust focus. Occasional travel.
The Compensation Analyst II is responsible for analyzing, implementing, and maintaining the company’s compensation programs. This role involves conducting market research, evaluating job positions, and ensuring that the company’s compensation practices are competitive and compliant with legal requirements.
Major Responsibilities
- Conduct market research and analysis to determine competitive compensation practices.
- Evaluate jobs and positions to ensure internal equity and external competitiveness.
- Assist in evaluating and maintaining career/job level architecture and job families.
- Assist in the developing and implementing compensation policies and procedures.
- Assist in maintaining company short- and long-term incentive programs.
- Prepare and present reports on compensation analysis and recommendations.
- Collaborate with HR and management to address compensation-related issues.
- Ensure compliance with federal, state, and local compensation laws and regulations.
- Coordinate salary surveys, analyze survey data to benchmark company positions, and maintain market evaluation datasets.
- Support the annual compensation review process, including salary adjustments, bonus, and equity distributions.
Education
Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field or a related field.
Certification / License
Work Experience
Three years of experience in compensation analysis or a related HR role
Knowledge / Skills / Abilities
Demonstrated critical thinking, research, analytical, and quantitative skills.
Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources.
Proficiency in MS Office applications. Highly proficient with Excel.
Demonstrated understanding of the laws and regulations that affect human resources and compensation.
Ability to handle confidential information with discretion.
Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.
Preferred Job Requirements
Education
Certification / License
Work Experience
Knowledge / Skills / Abilities
Experience using HR technology such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.
Experience using compensation administration software such as BetterComp, MarketPay, PayFactors, CompAnalyst, etc.
Experience delivering both compliance-based and consultative compensation solutions to internal clients.
Global Compensation Experience To Include Canada, Mexico, And Europe.
Physical Requirements and Working Conditions
PHYSICAL DEMANDS:
Office Environment (Includes field sales):
While performing the duties of this job, the employee is regularly required to talk and hear; and use hands to manipulate objects or controls. The employee is regularly required to stand and walk. On occasion, the incumbent may be required to stoop, bend, or reach above the shoulders. The employee must occasionally lift up to 25 pounds. Specific conditions of this job are typical of frequent and continuous computer-based work requiring periods of sitting, close vision, and the ability to adjust focus. Occasional travel.