What are the responsibilities and job description for the Sr. Compensation Analyst position at System One?
Job Title: Sr. Compensation Analyst
Location: Princeton, NJ
Type: contract
Overview
Leading consumer goods company looking for an experienced Sr. Compensation Analyst. Ideal candidate should have at least 3 years of experience with with analyzing compensation data, and advanced knowledge of Excel.
Responsibilities
Requirements
Benefits
System One offers eligible employees health and welfare benefits coverage options, including medical, dental, vision, spending accounts, life insurance, voluntary plans, and participation in a 401(k) plan.
Location: Princeton, NJ
Type: contract
Overview
Leading consumer goods company looking for an experienced Sr. Compensation Analyst. Ideal candidate should have at least 3 years of experience with with analyzing compensation data, and advanced knowledge of Excel.
Responsibilities
- Support the enhancement of pay programs based on competitive benchmarking and industry standards, ensuring pay programs are market competitive.
- Administer the annual compensation and incentive processes to include planning, updating guidelines and tools, system testing, preparing communication materials and consulting with HR business partners and management on the process and recommendations.
- Assures through audits, reports and personal contact that company compensation programs are consistently administered in compliance with company policies and government regulations.
- Research projected salary increases each year and provide insight into the salary budget proposal.
- Participate in salary surveys as well as collect and analyze salary information to help determine our competitive positioning in the market.
- Benchmark jobs against survey data and other market intelligence to determine competitive compensation ranges.
- Partner with HR Business Partners, Talent Acquisition and Hiring Managers to evaluate job duties and responsibilities for new positions and provide benchmarking information and recommendations.
- Conduct equity reviews and drive the overall compensation strategy of competitive pay, equity, and pay for performance.
- Ensure compliance with compensation laws and regulations while staying up to date with current and upcoming competitive market trends in our industry.
- Assist with ad-hoc and annual analytical projects involving large amounts of data, identifying key themes, and highlighting areas of opportunity. Including assess Compensation Metrics to assess larger strategy objectives.
- Leverage system functionality and optimize capabilities within the compensation modules of the company’s human capital management system (PeopleNow)
- Analyze data and processes to provides suggestions for enhancement to current plans and programs.
- Conduct FLSA (Fair Labor Standards Act) analyses and makes recommendations for the FLSA status for new and existing position.
- Liaise with Finance and Payroll on compensation administration when appropriate.
- Stay knowledgeable about compensation trends and strategies and work to innovate and improve the compensation programs including finding ways to automate and be more efficient.
- All other duties as assigned.
- Protects the company’s assets and financial information by ensuring the accuracy and effectiveness of internal control procedures and informing management and/or appropriate officials of potential fraud risk.
Requirements
- Bachelor’s degree or equivalent experience.
- Minimum 3 years compensation experience required. Ideally 5-7 years.
- Compensation experience working for a foreign multi-national a plus
- Experience with PeopleNow, or comparable Enterprise Resource Planning (ERP) system, preferred.
- Thorough knowledge of human resource laws, regulations, and best practices pertaining to compensation and total rewards.
- Excellent analytical, organizational and time management skills. Attention to detail and dedication to accuracy.
- MS Office Suite, with Intermediate - Advanced knowledge of Excel.
- Experience working with broad-based compensation programs (base/bonus/equity), pay for performance, benchmarking/market data, job evaluation, etc. required.
- Professional Human Resources or Compensation certification a plus (SHRM-SCP, SHRM-CP, SPHR, PHR, CCP, CBP, etc.)
- Strong analytical skills and ability to interpret and communicate data; demonstrated experience performing complex reporting and analysis.
Benefits
System One offers eligible employees health and welfare benefits coverage options, including medical, dental, vision, spending accounts, life insurance, voluntary plans, and participation in a 401(k) plan.
