The Lead Compensation Analyst develops and administers compensation programs while ensuring market competitiveness and regulatory compliance. They act as a trusted advisor to leadership, providing actionable insights and recommendations based on pay trends and business performance.
Overview
Job Description
The Compensation Analyst is responsible for developing implementing and administering compensation programs practices and policies. Activities include analyzing evaluating and preparing recommendations to ensure the company maintains a competitive and cost effective position in the markets in which we operate.
Responsibilities
Develop and execute training materials and programs that educate HR Business Partners and managers on compensation-related topics and initiatives; lead formal education sessions and presentations
Provide recommendations to the HR Business Partners Recruiting and business leaders based upon an understanding of each department's needs and goals
Oversees the market data process including gathering submitting and analyzing data
Research federal state and local compliance issues such as wage and hour laws and IRS regulations; conduct FLSA reviews as needed; make recommendations for policy and process updates based on changes in the law
Leverage expertise and significant best practice knowledge and lead compensation initiatives which involve analysis revision development or re-design of compensation programs
Build and maintain an in-depth knowledge of the business by staying current on initiatives challenges and opportunities; develop an understanding of critical business performance drivers and their relevance to compensation programs
Proactively analyze pay trends and metrics; present findings and make actionable recommendations in technologies processes and plan designs to HR leadership
Creates base pay strategies policies and programs. Leads annual salary planning and maintenance of salary structures
Operate as a trusted advisor to Executives Managers business leaders and HR Business Partners identifying and solving compensation issues and ensuring that programs meet the needs of the business and employees
Operate as an innovative thought leader; contribute significantly to the overall growth and quality of the HR department
Mentor coach and train other team members
Minimum Qualifications
Advanced Excel Skills
Bachelor's degree
Experience as a Compensation Professional
Completion of World at Work coursework
Demonstrated ability to handle sensitive information with discretion and tact
Excellent oral and written communications skills that demonstrate a professional demeanor and the ability to interact with executive presence
Driven to learn and stay current professionally
Demonstrated ability to work collaboratively with colleagues and clients as demonstrated by finding common ground in completing tasks and solving problems
Exceptional project management skills
Highly organized and experienced at successfully multi-tasking
Exceptional ability to develop logical compelling PowerPoint presentations
Execptional ability to focus on key issues research gather and integrate information from a variety of sources and develop sound recommendations
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