Strategic Compensation Analyst
GoodLeap
Job Level
Senior
About the role
- Leads and performs a full scope of activities associated with the development and administration of compensation programs.
- Designs and maintains salary structures for US, Canada and India.
- Ages structures and slots new roles as needed.
- Manages small to medium size projects in areas such as annual incentive administration, Annual Compensation Review (ACR), communications and training, and market survey analysis.
- Serves as a consultant to the organization from an education, market benchmarking, reporting and analytical perspective.
- Partners with HR Partners, Talent Acquisition and Business Leaders to identify and address current and emerging total compensation trends, issues and any pay concerns, including internal equity.
- Monitors the effectiveness of existing compensation policies, guidelines and procedures recommending revisions and updates that are cost effective and consistent with compensation trends and corporate objectives.
- Conducts job leveling, job analysis, job classification and job evaluation.
- Conducts regular audits of compensation data to ensure jobs are accurately aligned in their salary structure, appropriately leveled, adequately reflective of job duties and have the correct FLSA classification.
- Acts as an active contributor to continuous process improvement for all comp processes, programs and tools.
- Creates and updates relevant and effective knowledge database content.
- Accurately and effectively utilizes HRIS system (Workday) and tools.
- When applicable, participates in the design and support of the HR system to assist with automation and general administration.
- Demonstrates an extensive working and practical knowledge of a wide variety of compensation techniques, theory, practices, methods, programs and plans including regulatory requirements, incentive compensation, and base pay management.
- Administers job profile and survey data creation and maintenance within Workday.
- Develops and prepares in-depth compensation reporting/analytics and provides support for ad-hoc reporting requests from HR Partners and Business Leaders.
- Reviews and advises on proposed salary and incentive compensation changes for new and current employees.
- Leads the Annual Compensation Review (ACR) planning process, implementation, and communications.
- Participates in cross-functional projects, representing the Compensation team and performing in project leadership role as needed.
- Participates in acquisition integration and the harmonization of employee onboarding.
- Designs and delivers compensation training and guidance to managers and leaders in the organization.
- Serves as a mentor to junior analysts.
Requirements
- Bachelor’s degree or equivalent, relevant work experience.
- Minimum 6 years of experience working in Compensation with the analysis, design and administration of compensation programs.
- Experience creating and maintaining salary structures.
- Experience managing company-wide projects, specifically annual merit cycles and M&A activities.
- Knowledge of Fair Labor Standards Act (FLSA) and exemption testing.
- Workday experience is required.
- Knowledge of Human Resources compensation principles and best practices; International compensation experience a plus.
- Proven financial and business acumen with the ability to successfully perform independent analysis and interpretation.
- Advanced Excel skills with high attention to detail; Power BI and Automate a plus.
- Exercise sound judgement and initiative when carrying out responsibilities.
- Excellent interpersonal, consulting, verbal and written skills.
- Ability to maintain confidentiality and professional judgment.
