What are the responsibilities and job description for the Compensation Analyst position at Paychex?
Overview
Responsibilities
Qualifications
Compensation
In the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $57,330 - $90,090 annually. Please remember that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience, which may result in total compensation outside of this range.
Under the general direction of the Manager of Compensation, plans, coordinates, and administers compensation programs including, job evaluation, salary administration, incentive plans and stock options to ensure the efficiency and effectiveness of the Compensation function.
Responsibilities
- Develops, recommends and provides guidance to leaders regarding the administration of compensation policies which includes pay recommendations, incentive plans, equity and stock compensation, total rewards, and organizational structure.
- Creates and updates existing job descriptions to ensure duties are measurable and are an accurate reflection of responsibilities, market value, pay mix, FLSA classification, and organizational fit.
- Develops and recommends new or revised incentive plans to meet business objectives, and budgetary constraints.
- Participates in HR Projects and acts as a Compensation subject matter expert in order to implement new services and/or processes for the organization.
- Establishes and maintains internal partnerships with HRBPs, finance personnel, managers, and Sr. Leadership that are required for the development and administration of compensation programs and initiatives.
- Establishes and maintains appropriate vendor and/or outside company contacts that are required for the administration of established compensation programs and research studies.
- Reviews and participates in compensation surveys to determine external market trends. Continually reviews and adjusts survey matches to ensure the best match to market.
- Keeps abreast of trends and changes in Human Resources legislation and makes recommendations for change to keep company practices in compliance with federal, state and local governmental agencies. For example, minimum wage and FLSA.
Qualifications
- - Required
- 2 years of experience in Human Resources Compensation or Finance.
Compensation
In the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $57,330 - $90,090 annually. Please remember that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience, which may result in total compensation outside of this range.
Salary : $57,330 - $90,090
