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Compensation Analyst

Category:Permanent
Location: Boise, Idaho 83707
Posted:Fri, November 20, 2020
Salary:US$28.00 - US$40.00 per year
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Job Title: Compensation Analyst

You will work under the direction of the Director of Compensation and other Compensation Managers, as needed. You will also be responsible for supporting continuous improvement of compensation programs and assist in the evaluation of the effectiveness of the programs globally. You will help to evaluate reward competitiveness and alignment to the company's business strategy and culture. You will partner, collaborate and consult with key customers and HR partners globally.

Responsibilities and Tasks

Conduct Job Analysis and Maintain Job Inventories

  • Interview manager or business partner to identify job description
  • Verify the best match by researching against current job library and other third party survey benchmark jobs
  • Identify justification if a new job is needed (business, geographic, regulatory, population size)
  • Recommended actions and propose to manager
  • Create new job and update all reference material

Establish and Maintain Pay Ranges

  • Submit and collect data through third party market surveys
  • Evaluate job matches to market for validity and analyze data
  • Make recommendations for change to ranges based on comp philosophy and strategy
  • Consult with Executives and business partners to validate ranges
  • Perform continued evaluation

Ensure Regulatory Compliance

  • Establish and maintain personal understanding of regulations
  • Consult with internal and external authorities to verify understanding and determine application of compliance regulation
  • Identify liabilities and recommend and implement solutions
  • Implement and maintain ongoing compliance processes where applicable

Consult, Educate and Manage Relationships with Customers

  • Identify, clarify and research customer needs
  • Determine solution to the best fit customer needs and align to business objectives (education/consultation/advising)
  • Review proposed solution and cost modeling with necessary internal experts and stakeholders
  • Create and provide compensation training to managers and team members regularly
  • Solicit process feedback from global customers and peers and implement improvements
  • Communicate and build relationships and credibility with key contacts (site leaders, area leaders, business partners, executives)

Produce and Analyze Compensation Reports

  • Evaluate needs, design, generate, maintain and distribute reports as needed
  • Analyze, interpret and present results to appropriate partners
  • Complete modeling scenarios, develop recommendations and generate evaluation summaries based on data

Maintain Compensation Data and Systems

  • Receive, evaluate, process and audit data change request and results
  • Troubleshoot and correct system errors
  • Perform detailed, global system testing
  • Ensure data integrity in existing systems
  • Escalate issues to appropriate party(s) and validate issue resolution

Projects

  • Participate on project teams as a representative of the compensation service and act as a subject matter expert to provide counsel, advice and support

Manage Total Compensation Programs

  • Maintain program documentation
  • Ensure compliance to current plans
  • Evaluate program for inefficiencies and areas for improvement
  • Suggest changes to improve current program
  • Work with internal partners to identify and implement needed plan changes
  • Benchmark current compensation practices on a regular cadence and as requested for continuous improvement
  • Gather and review employee and/or management feedback, current and future needs and industry trends
  • Communicate and coordinate changes with impacted personnel and management

Qualifications:

Required

  • BS Degree in related field
  • Advanced Microsoft Excel Skills
  • Minimum of 5 years Compensation experience

Preferred

  • PowerPoint and Word proficiency
  • CCP or CECP designation
  • CEP designation

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