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Senior Compensation Analyst
MacAllister Machinery Indianapolis, IN
$92k-111k (estimate)
Full Time | Business Services 6 Days Ago
Save

MacAllister Machinery is Hiring a Senior Compensation Analyst Near Indianapolis, IN

Position Summary

This position is responsible for providing a comprehensive range of analytical support and partnership within the organization. The role involves assisting in the development, implementation, administration, and evaluation of compensation strategies, plans, programs, and procedures designed to ensure fair and competitive employee compensation in alignment with the company’s overall compensation strategies. The Senior Compensation Analyst will be tasked with conducting salary benchmark analyses, evaluating job positions, performing compliance and financial analyses, and contributing to the creation of compensation training materials. Additionally, this role includes participating in salary surveys to maintain alignment with industry standards and support the continuous improvement of the company's compensation programs.

Position Duties/Responsibilitie

  • sPartner with Human Resources Business Leaders (HRBLs) in conducting job evaluations including analyzing job descriptions for the appropriate salary grade, incentive plan, and FLSA exemption status, along with preparing and maintaining job descriptions
  • .Provide guidance on the interpretation and application of compensation programs, policies, and applicable laws and regulations
  • .Review and approve offer letters, company-wide, while ensuring compliance with company salary grades and company policies. Partners with HRBLs and hiring managers to ensure compensation alignment and internal equity
  • .Partner with HRBLs and hiring managers to recommend new hire salary offers and pay rate changes for promotions/transfers/salary adjustments through our position evaluation process, based on internal peer positioning and market analysis, for staff and when neede
  • dCalculate incentive payments on a variety of frequencies (monthly, quarterly, annual and ad-hoc)
  • .Supports the administration of the annual merit increase and bonus cycles by analyzing and auditing pay increases
  • .Assist with the development and maintenance of salary ranges, job grades, and incentive plans
  • .Provides advanced analyses supporting compensation program design and implementation, including market analysis, cost modeling, structure development, and pay mix scenarios
  • .Tracks, reports, and analyzes employee compensation data and changes
  • .Perform rudimentary data entry into systems, employees’ incentive opportunities, incentive plans, etc
  • .Conduct periodic audits to ensure maximum accuracy and integrity of compensation data
  • .Monitor and review changes in compensation laws and regulations and recommends changes where needed
  • .Support compensation and benefits projects and cross-functional HR initiatives as needed

.
Position Requiremen

ts
Requir

  • ed:Bachelor’s Degree in related field (Business Administration, Human Resource Management, Finance, Accounting, and etc.) or equivalent experie
  • nce7 years of experience in HR with 3 years focused on compensation systems and financial analy
  • sis2 years or more of direct experience with compensation development and administrati

on.
Prefer

  • red:Bachelor’s Degree in Human Resource Manage
  • ment8 years of HR experience with 5 years or more direct compensation experie
  • nce.Advanced proficiency with Microsoft Excel (advanced – marcos, pivot tables, e
  • tc.)Experience with ADP Workforce
  • NowExperience in other HR functions (Benefits, Payroll, Employee Relations, e
  • tc.)Certified Compensation Professional (C

CP).
Knowledge, Skills, And Abil

itiesThe requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential func

  • tionsAnalytical Thinking: Ability to analyze data, interpret compensation trends, and make informed decisions based on complex informa
  • tion.Attention to Detail: Precision in reviewing compensation data, ensuring accuracy in pay structures, and compliance with regulat
  • ions.Communication Skills: Strong written and verbal communication skills for presenting compensation plans, negotiating with stakeholders, and clearly explaining complex conc
  • epts.Confidentiality and Integrity: Maintaining the highest standards of confidentiality and ethical behavior, especially when handling sensitive compensation informa
  • tion.Conflict Resolution: Skill in navigating disagreements and finding a middle ground or solution that satisfies all parties invo
  • lved.Diplomacy: Managing difficult conversations tactfully, ensuring that the message is delivered without damaging relations
  • hips.Problem-Solving: Skill in identifying compensation-related challenges and developing solutions that are fair and compliant with company poli
  • cies.Interpersonal Skills: Building positive relationships with HR teams, management, and employees, ensuring collaboration and understanding of compensation poli
  • cies.Adaptability: Flexibility in responding to changes in the market, company policies, or regulations affecting compensation strate
  • gies.Time Management: Efficiently managing multiple projects, deadlines, and priorities, especially during compensation review cy
  • cles.Empathy: Understanding the needs and concerns of employees when discussing compensation, ensuring a fair and supportive appr

oach.
The duties and responsibilities described here are not a comprehensive list, and the scope of the job may change as necessitated by business de

mands.
All MacAllister Machinery companies are an Equal Employment Opportunity Employer, including Disabled and Veteran appl

icants.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$92k-111k (estimate)

POST DATE

09/11/2024

EXPIRATION DATE

10/14/2024

WEBSITE

macallister.com

HEADQUARTERS

VINCENNES, IN

SIZE

1,000 - 3,000

FOUNDED

1945

TYPE

Private

REVENUE

$5M - $10M

INDUSTRY

Business Services

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The job skills required for Senior Compensation Analyst include Job Evaluation, Initiative, Business Administration, Confidentiality, Integrity, Market Analysis, etc. Having related job skills and expertise will give you an advantage when applying to be a Senior Compensation Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Senior Compensation Analyst. Select any job title you are interested in and start to search job requirements.

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