Compensation Analyst

The Compensation Analyst will provide daily review and recommendations for compensation, applying excellent judgement to maintain pay equity and consistency with policy and procedures.  The Compensation Analyst will conduct regular studies and analysis to ensure that the organization’s pay levels remain competitive with applicable markets, audit incumbent pay to ensure accuracy of starting rates and application of range maximums, administer bonus, incentive and variable pay plans, and conduct compensation projects as assigned.  The Compensation Analyst will serve as a subject matter expert on FLSA and wage and hour laws and will assist in researching and drafting job descriptions, conducting job evaluation and supporting organizational design projects and maintain and report compensation data within the HCM system.

Interested applicants may apply at:  https://recruiting.ultipro.com/ONE1019ODNE/JobBoard/3f065f4d-42a6-4acf-9b67-58aa568dc5e7/OpportunityDetail?opportunityId=7141a20b-4e6f-4af3-a387-6fbde4aebca9

Duties & Responsibilities:

1.                   Always ensures all hourly and salaried wage scales are up-to-date and accurate, including maintenance of documentation of approved tip agreements, commission structures and service charge distributions.

2.                   Conducts at least annual market surveys of approved benchmark positions in the organization using approved data sources.  Produces regular reports and recommendations for positions not consistent with the compensation philosophy of the organization. Continually tracks survey dates and results to ensure the most recent data is utilized.  Makes recommendations for purchasing survey data.

3.                   Networks to establish and maintain survey contacts in related industries. 

4.                   Effectively analyzes internal and external data and makes sound compensation recommendations.  Produces thorough, concise and professional reports and proposals.

5.                   Assists in developing and implementing effective internal policies, procedures and systems for compensation, incentives and organizational changes.  Maintains awareness of Nation budgetary parameters and coordinates the organizational change process.

6.                   Researches and drafts job descriptions for new positions and updates to existing positions.  Conducts job analysis and evaluation when necessary to ensure accuracy of descriptions; maintains up-to-date electronic copies of all job descriptions for the organization.

7.                   Ensures all required authorization is obtained prior to processing changes in accordance with approval compendium policies. 

8.                   Monitors all wage/salary rates to ensure the grade maximum is not exceeded.  Performs regular reporting regarding scale penetration for specific positions and educates department heads on wage and salary administration policies.

9.                   Reviews all transfers, promotions, and pay rate changes to ensure adherence to established ranges and compensation practices.  Recommends appropriate hiring rates based on systematic analysis of qualifications and compensation practices.

10.                Provides effective support and assistance in calculating and processing all bonus and incentive payments and ensures candidates meet established eligibility requirements.  Coordinates payment distribution.

11.                Maintains accurate and up-to-date departmental compendiums, organizational charts, and compensation records.

12.                Regularly generates reports to analyze and track compensation trends.  Performs quarterly audit of pay rates and compensation-related information and ensures accuracy of compensation information in the HCM.

13.                Effectively handles standard questions and projects relating to applicable wage and hour laws, including exempt status testing, tip income and overtime calculations.

14.                Maintains strict confidentiality regarding individual pay rates and organizational compensation practices.  Ensures security of work area and all data processed.

15.                Maintains a working knowledge of all tip agreements, incentive and commission plans and toke and gratuity pools and supports the administration and documentation of these programs.

 

Minimum Qualifications:

1.             Bachelor’s Degree in Management, Human Resources, Finance or related field or equivalent relevant experience.

2.             2 years progressive experience in compensation or Human Resources administration.

3.             Excellent verbal and written communication skills, demonstrating diplomacy, tact and effective negotiation.

4.             Strong analytical, statistical, mathematical and problem-solving ability.

5.             Ability to maintain strict confidentiality and objectivity.

6.             Strong organizational skills and data management skills with the ability to summarize, distill and present data succinctly and understandably.

7.             Expert knowledge of Microsoft Excel, with the ability to model and filter large volumes of data.  Working knowledge of other MS Office programs.

8.             Previous experience with UKG HCM system preferred.

8.             Ability to work independently, balance multiple priorities and meet rigid deadlines.

9.             Working knowledge of FLSA and other applicable wage and hour laws.