What are the responsibilities and job description for the Senior Compensation Analyst position at Quaker Houghton?
About Us
At Quaker Houghton, we are experts in the development, production and application of industrial process fluids, lubricants and coatings for the manufacturing industry. We have been an integral part in the growth of the world’s largest industrial and manufacturing companies from aerospace and automotive to primary metal and energy. Today, we have a global presence, with our corporate headquarters located in Conshohocken, PA. Quaker Houghton is a global publicly traded company with a unique collaborative culture that supports career growth for its associates and offers competitive compensation and benefit programs.
Job Summary
The Senior Compensation Analyst is part of the Human Resources global organization and reports to the Director, Global Total Rewards. The position is responsible for the day-to-day administration of the company’s compensation programs including (but not limited to): performing job evaluations, interfacing with HR Business Partners and Leaders throughout the business regarding global leveling, market pricing, and ensuring that the company’s compensation practices are competitive and compliant with legal requirements. This role will own the administration of the year-end compensation cycle (merit & annual incentive plans). The position supports the administration of hourly, salaried, and incentive plans and ensures internal equity, external competitiveness, and compliance with all applicable laws, regulations and organizational policies.
What Will You Do
At Quaker Houghton, we are experts in the development, production and application of industrial process fluids, lubricants and coatings for the manufacturing industry. We have been an integral part in the growth of the world’s largest industrial and manufacturing companies from aerospace and automotive to primary metal and energy. Today, we have a global presence, with our corporate headquarters located in Conshohocken, PA. Quaker Houghton is a global publicly traded company with a unique collaborative culture that supports career growth for its associates and offers competitive compensation and benefit programs.
Job Summary
The Senior Compensation Analyst is part of the Human Resources global organization and reports to the Director, Global Total Rewards. The position is responsible for the day-to-day administration of the company’s compensation programs including (but not limited to): performing job evaluations, interfacing with HR Business Partners and Leaders throughout the business regarding global leveling, market pricing, and ensuring that the company’s compensation practices are competitive and compliant with legal requirements. This role will own the administration of the year-end compensation cycle (merit & annual incentive plans). The position supports the administration of hourly, salaried, and incentive plans and ensures internal equity, external competitiveness, and compliance with all applicable laws, regulations and organizational policies.
What Will You Do
- Partner with the Director, Global Total Rewards to develop, design and execute global compensation programs that align with business strategy and goals, including base pay, variable incentives, and executive compensation.
- Support creation of job architecture structure and job profile taxonomy to support department structure and needs and Workday deployment.
- Conduct market analysis and benchmarking studies to maintain competitive salary structures, making recommendations for pay ranges and adjustments. Conducting position evaluation and assignment of pay ranges in alignment with the overall compensation program and market competitiveness. Provide guidance to HR Business Partners and Leaders on compensation decisions for new hires, promotions, and transfers.
- Collaborate with the HRIS team and broader HR teams to lead the year-end compensation cycle (merit and annual incentive plans). Lead the gathering of global compensation requirements by location or legal entity, as necessary. Conduct analysis and develop reports summarizing the results of year-end process activity. Guide and partner with HR and Leaders to make educated compensation decisions around annual increases, and step progression structure.
- Lead or contribute to special projects related to compensation and total rewards strategy.
- Ensure compliance with federal, state, and local compensation regulations, such as FLSA and pay equity laws, and manage compensation audits.
- Assist in the delivery of communication on compensation related topics to HR, Leaders and Employees as needed.
- Train and partner with HR and Leaders on basic compensation knowledge, and coaching/guiding the business based on the Company's compensation philosophy, as well as policy and procedures.
- Develop and present summary reports of job analysis and compensation analysis information.
- Prepares survey submissions and gathers data from market-based compensation surveys; uses spreadsheet and data analysis techniques to assess results and market trends.
- Support HR Business Partners and Talent Acquisition to serve the business for job evaluations, external candidate offers, salary structure reviews and other business needs as they arise.
- Prepare monthly bonus accrual for the Company’s Annual Incentive Plan. Partner with Finance to ensure alignment with budgets and other reporting requirements.
- Ideal candidate has ability to prioritize multiple competing priorities.
- Perform Other related Duties as Assigned.
- 7 years related experience in compensation analysis
- Minimum of a Bachelor's degree required.
- Compensation Certifications preferred (i.e., Certified Compensation Professional (CCP)).
- Experience with Workday HCM and Advanced Compensation required.
- Highly proficient in Microsoft office applications (PowerPoint, outlook etc.) with advanced skills in Microsoft Excel.
- Experience working with a globally diverse population. Knowledge of global compensation and benefits practices, including familiarity with laws and regulations in key regions (North America, EMEA, APAC, etc.). such as Civil Rights Act, Equal Pay Act, Fair Labor Standards Act, and personnel administration theories and practices.
- High level of data modelling and analysis knowledge.
- High level of confidentiality, discretion, tact, diplomacy, and professionalism.
- Hybrid work environment
- Competitive pay programs with excellent career growth trajectory
- Paid time off for volunteerism
- Dress for your day; how you dress is determined by what your day may bring
- Opportunity to participate in comprehensive benefit options including Medical, Dental, Vision, Parental Leave, Holiday Pay, Paid Time Off, Tuition Reimbursement, and Savings Plan
- Work for a global leader in the industrial process fluids industry