What are the responsibilities and job description for the Senior Compensation Analyst position at Sloan?
Req ID: 11273
JOIN AN INDUSTRY LEADER! Quality First & Green Always
Sloan is the world’s leading manufacturer of commercial plumbing systems and has been in operation since 1906. We are at the forefront of the green building movement and provide sustainable restroom solutions. We manufacture water- efficient products including flush valves, electronic faucets, soap dispensing and sink systems along with vitreous china fixtures for commercial, industrial and institutional markets worldwide.
About the role:
The Senior Compensation Analyst will report to our Director of Total Rewards and Talent Acquisition and is based out of our Chicago Fulton Market office. This role is hyrbrid working in the office three days a week and remote two days. You'll also work out of our Franklin Park office approximately once a month for company meetings. In this role you will be responsible for developing, implementing, and evaluating compensation programs that help Sloan attract, retain, and engage qualified employees as part of our business strategy. This position partners with HR and business leaders to make effective pay decisions that support employee engagement, while adhering to compensation policies and budgetary guidelines.
What you'll do:
- Evaluate new and existing jobs to external market data and review internal equity to remain competitive and meet ever-changing organizational and market dynamics.
- Lead the annual merit increase process for the organization. This includes managing the process with the compensation planners in the organization, developing budget scenarios supporting pay-for-performance, and configuring and testing the compensation module in the HR system.
- Partner with HR leadership on incentive plans and reward/recognition program development and administration.
- Work with managers to write job descriptions; ensuring the job duties, qualifications, knowledge, abilities, and skills align with organizational needs.
- Prepare a cost impact analysis for changes to the salary structures and employee pay for the annual budget process.
- Develop policies and communicate changes to compensation programs to increase awareness and understanding of pay practices across the organization.
- Partner with HR and managers on compensation-related issues.
- Review compensation-related laws and regulations, updating policies and practices to ensure Sloan complies in a timely manner.
What we're looking for:
- Bachelor's Degree
- 3 years experience working in compensation evaluating and administering base pay and incentive programs including:
- Experience developing policies, processes, and communications on compensation, recognition, and rewards programs which are easy to comprehend for all levels of employees.
- Experience in benchmarking, pay-equity analysis, salary structure development, and variable pay modeling.
- Experience working with Excel formulas and tables.
- High level of attention to details and accuracy.
Preferred Qualifications:
- Experience working with PayFactors.
- Experience working with Success Factors Compensation and Variable Pay modules.
- Experience working with UK, India, and Mexico pay practices.
Why you’ll love working here:
Inclusive Culture: YOU Belong at Sloan
At Sloan, we are committed to fostering an inclusive and diverse workplace where diverse backgrounds and perspectives are embraced and celebrated. We proudly offer equal employment opportunities regardless of race, color, religion, sex, sexual orientation, gender identity and expression, national origin, disability, age, genetic information, marital status, political affiliation, veteran status, or any other characteristic protected by law.
Growth Opportunities : We invest in our employees’ professional development with ongoing training and career advancement opportunities.
Innovative Projects : Be part of exciting projects that push the boundaries of technology and have make a real difference in the world.
Compensation:
The compensation range for this U.S.-based position is $103,500 - $115,000 annually.
This position is eligible to participate in the company incentive plan. The terms and conditions of the company incentive plan will be provided to plan participants on an annual basis.
Our compensation range reflects our good faith estimate of what an ideal candidate can expect, but final agreed upon compensation will always be based on the individual candidate’s experience, skills, qualifications, and other job-related or market factors that may prove relevant during the hiring process.
Benefits:
- Comprehensive Health Coverage: Medical (including prescription coverage), Dental, and Vision Insurance, effective the first of the month following your hire date.
- Health Savings Account (HSA ): With company contributions for most medical plan options.
- Financial Security : Basic Life, Basic Accidental Death and Dismemberment, Short-term Disability, Long-term Disability, and Accident Insurance.
- Additional Protection: Optional Life, Critical Illness, Hospital Indemnity, Legal, Pet Insurance, and Identity Theft Protection.
- Convenient Commuter Benefits : Save on your daily commute.
- Flexible Spending Accounts : Dependent Care FSA to help manage your expenses.
- Wellness Support: Employee Assistance Plan and Wellness Programs to keep you healthy and happy.
- Retirement Savings : 401(k) Retirement Savings Plan with a company match and immediate vesting.
- Generous Time Off: Paid Holidays, Volunteer Time Off, Paid Time Off, Sick Leave, Military Leave, Parental Leave, Bereavement Leave, and other paid or unpaid state/local leaves where required.
- Work-Life Balance: Hybrid Work Program to support your flexibility.
- Employee Referral Program : Earn rewards for referring great talent.
- Professional Development: Tuition Reimbursement Program to help you grow your skills.
- Community and Networking: Join our Employee Business Groups and connect with colleagues.
We Are Proud Partners With the Chicago Cubs
We are a Legacy Partner of the Chicago Cubs and we are proud to be the organization’s official water efficiency partner! Through this relationship, which includes the naming rights to Sloan Park, the Cubs’ Spring Training facility in Mesa, Arizona, we have had the opportunity to promote our brand and continue our water conservation efforts in the city of Chicago and around the world.
JOIN AN INDUSTRY LEADER!
For additional company information please visit our website at www.sloan.com .
We Are An Equal Opportunity Employer.
Salary : $103,500 - $115,000