Senior Compensation Analyst

AUTHORITIES / RESPONSIBILITIES :

Responsible for the administration and implementation of total compensation programs, practices, and policies to support the attraction and retention of top talent. Activities include conducting detailed analysis, executing technical processes, and providing recommendations to ensure the company maintains a competitive and cost-effective position in the markets in which we operate.

• Work with Department Managers, HR Managers, and / or Consultants on a variety of projects including program design, analysis, budgeting, and implementation of new programs.
• Collaborate with HR, Finance, and business leaders to provide data-driven insights and recommendations.
• Provide external offer and internal increase proposals based on analysis of the labor market and internal equity.
• Set pay rates for all craft and production jobs, ensuring alignment with compensation structures and market competitiveness.
• Participate in salary surveys and conduct market analysis to assess the competitiveness of the organization's compensation and benefits programs.
• Facilitate and administer annual and semi-annual merit review cycles by performing data analysis, generating reports, and managing system processes to ensure alignment with budget and business objectives.
• Conducts annual benchmarking and pay structure analysis to identify and recommend adjustments to maintain market alignment. Implements updates as appropriate.
• Assist in the development of training materials and resources to educate managers and employees on compensation practices.
• Utilize Workday Advanced Comp to ensure timely and accurate processing of annual and semi-annual merit review cycles.
• Assist in developing salary budget recommendations.
• Conduct job evaluation activities to support and develop creative solutions to specific compensation-related programs. Edit, create or assist in creating new job descriptions or updating existing job descriptions.
• Partner with HR and business leaders in the administration of global mobility programs, including working with Immigration law firm, preparing and presenting international assignment packages, and supporting the global movement of employees. Support Tax Equalization process as appropriate with outside tax consultant.
• Conduct internal audits to ensure compliance with Federal, State, and local laws and regulations, including but not limited to, Fair Labor Standards Act, Department of Labor, Wage and Hour Division, ERISA, DCAA, and IRS.
• Develop and maintains compensation data, tables, and overall set-up in all HRIS systems. Work with IT staff to maximize system capabilities to administer all compensation programs effectively and efficiently.
• Develop and document procedures to streamline processes and ensure compliance with regulatory requirements and work with HR Managers to educate Managers
• Work closely with Managers on compensation related issues including developing business case for any proposed out-of-cycle pay adjustments.
• Identify trends related to industry and geographic best practices.
• Monitor, interpret, and provide recommendations based upon new and changing legislation.
• Track trends and provide metrics related to compensation activities at the aggregate and business unit level.
• Coordinate applicable adjustments to pay with the Company’s Payroll department.
• May mentor junior compensation analysts.

QUALIFICATIONS / KNOWLEDGE / EXPERIENCE :

TOOLS : Not applicable

DIRECTION EXERCISED : May direct the work of a cross-functional project team. Works independently to deliver work products against aggressive deadlines. Escalates complex issues to Manager Compensation as appropriate.

DISCRETION EXERCISED :  A degree of creativity and latitude is expected. Relies on experience and judgment to plan and accomplish goals.

LIAISES WITH : Employees, Department Managers, HR / Benefit Staff and external consultants as required.

ADDITIONAL GUIDELINES :

Equal Employment Commitment