What are the responsibilities and job description for the Compensation Analyst position at Worldpac Inc?
Overview
Assists in the analysis, design, and administration of employer compensation programs, including base pay, incentive pay, and performance management programs. Evaluates jobs, determines pay grades, participates in compensation surveys, and performs associated analysis. Ensure that requests for pay adjustments comply with the current compensation policy.
Responsibilities
Key Responsibilities:
- Participate in compensation salary surveys.
- Use market analysis to design salary structures and competitive compensation packages, including geographic location tiers to ensure competitive pay.
- Maintain compensation profiles in Workday.
- Support the annual salary review and merit increase process.
- Prepare and present reports on compensation trends and budget.
- Analyze compensation data to ensure fairness and consistency within the organization.
- Assist in the development and revision of compensation policies and procedures.
- Ensure compliance with all relevant labor laws, compensation regulations, and internal policies.
- Partner with Talent Acquisition team to create, review, and update job descriptions and hiring levels/ranges.
- Collaborate with HR and management teams to ensure compensation practices align with organizational goals.
Qualifications
Qualifications:
- Bachelor’s degree in Business Administration, Human Resources Management, or a related field.
- 4-7 years of experience in the Compensation field.
- Professional certifications in compensation (e.g., Certified Compensation Professional (CCP)) are a plus.
- Prior experience with Workday is a plus.
Skills:
- Strong analytical and quantitative skills.
- Proficiency in Workday and MS Excel.
- Excellent communication and presentation skills.
- Ability to maintain confidentiality and handle sensitive information.
- Knowledge of labor laws, compensation trends, and best practices.
- Attention to detail and accuracy.
- Problem-solving mindset.
- Ability to work both independently and as part of a team.
Pay Range
USD $61,000.00 - USD $81,500.00 /Yr.EEO Statement /Reasonable Accommodation Notice
Worldpac is committed to providing reasonable accommodations to qualified individuals with disabilities. If you require accommodations to perform the essential functions of the job, please contact talent@worldpac.com for assistance.
Worldpac is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, disability, or veteran status.
Worldpac offers a comprehensive benefits package designed to support the health, financial well-being, and work-life balance of its employees. Key benefits include:
Health and Wellness:
- Medical, dental, and vision insurance plans to cater to various healthcare needs.
- Health Savings Accounts (HSAs) with company contributions for eligible plans.
- Flexible Spending Accounts (FSAs) for medical and dependent care expenses.
- Employee Assistance Programs (EAP) offering confidential counseling and support services.
Financial Benefits:
- 401(k) retirement plan with company match to assist in future financial planning.
- Life and Accidental Death & Dismemberment (AD&D) insurance for financial security.
- Short-term and long-term disability insurance to protect income during unforeseen circumstances.
Work-Life Balance and Additional Perks:
- Paid time off, including vacation days and holidays, to encourage rest and personal time.
- Employee discounts on products and services.
Location Type
On-SiteSalary : $61,000 - $81,500