DigiKey has an exciting opportunity available for a Senior Compensation Analyst in Minneapolis, MN or Thief River Falls, MN!

• Do you enjoy designing and developing compensation programs?
• Are you looking for a role that combines analysis with consultation?
• Are you a technology “nerd”? Do you love working with HRIS systems?
• Do you enjoy improving business processes?

If you answered “YES” to any of the above questions, we should talk. Join a leader in the distribution industry and be a part of DigiKey’s exciting growth!

The Senior Compensation Analyst plays a crucial role in the success of our compensation programs. You will be responsible for analyzing, recommending, and implementing compensation programs, policies and procedures that align with our Total Rewards strategy. We need a great communicator with an analytical mind to consult with leaders and serve as a subject matter expert on compensation issues and programs.

This is a hybrid position with occasional in-state travel. The role can be located in Thief River Falls, MN or Bloomington, MN.

Responsibilities:

• Provide analysis, development, design, auditing, communication, and implementation of compensation programs including but not limited to, job evaluations, market matching, annual salary review process, salary structure, etc.
• Lead projects such as job leveling, survey participation and analysis, collect and analyze market data, maintain salary survey data library, system benchmarking, and additional projects that support the Company’s Total Rewards strategy.
• Determine and evaluate competitive compensation and FLSA status for individual jobs and job families by analyzing external survey data.
• Responsible for incentive plan management, including incentive plan design and documentation, as well as incentive calculations with accurate and timely payments.
• Create compensation data reports and tracking for assigned business units and present insight to business leaders.
• Work with the HRIS team to ensure that Workday is configured to meet compensation needs and is updated to reflect changes to compensation business processes, bonus programs, etc.
• Acts as an informal resource for colleagues with less experience.
• Provide support and training to Human Resource Business Partners and business leaders concerning the interpretation of compensation practices, policies, and guidelines.
• Perform other duties and projects as assigned to contribute to the success of the company employees, the HR team, and the organization.

Required Knowledge, Skills and Experience:

• Bachelor’s degree in human resources, finance or a related field.
• A minimum of 5 years of experience in compensation.
• Strong analytical skills and supportive systems leverage (particularly Microsoft Excel/PowerPoint).
• Advanced level Excel skills
• Detail oriented with a commitment to data accuracy.
• Proven experience acting as a subject matter expert to the business.
• Ability to prioritize and handle multiple projects at once.

Preferred Knowledge, Skills and Experience:

• CCP certification
• Incentive compensation
• Workday
• Familiarity with Payfactors (PayScale)

Tools / Systems / Software:

• Full Microsoft Suite, including Teams
• Outlook
• Payfactors
• Workday

Physical Requirements:

The work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The following are some environmental conditions that one may be exposed to on a daily basis and for various lengths of time.
• Work is primarily performed at a desk and/or in an office environment for 3/4 of the day and up.
• The office noise level in the work environment is typically, moderate.