Compensation Analyst, Senior Job Description
Compensation Analyst, Senior Duties & Responsibilities
To write an effective compensation analyst, senior job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation analyst, senior job description templates that you can modify and use.
Sample responsibilities for this position include:
Compensation Analyst, Senior Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compensation Analyst, Senior
List any licenses or certifications required by the position: CCP, PHR, SPHR, SHRM, HR, CEBS, GRP, CPP, CP, HRIS
Education for Compensation Analyst, Senior
Typically a job would require a certain level of education.
Employers hiring for the compensation analyst, senior job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Mathematics, Business/Management, Communication
Skills for Compensation Analyst, Senior
Desired skills for compensation analyst, senior include:
Desired experience for compensation analyst, senior includes:
Compensation Analyst, Senior Examples
Compensation Analyst, Senior Job Description
- Analyze department requests for job classification and compensation review
- Work strategically and collaboratively with internal business partners to facilitate all compensation processes and wage and salary administration
- Coordinate and conduct complex internal and external third party market analysis
- Research and collect data for special projects, reports and management studies
- Maintain integrity of position and salary data and compensation transactions
- Gather information to assist with recommendations for the development and implementation of human resources policies
- Contribute to the development and deployment of plans for projects, initiatives and in-service and institutional training
- Assist in the day-to-day operations as assigned
- Maintain confidentiality and exercises discretion in discussing compensation issues with supervisors and managers
- Provide recommendations on pay decisions regarding new hire offers, promotions, wage adjustments, and transfers interpretation of compensation policies/guidelines
- Serve as a project leader on major compensation initiatives
- Advanced computer skills including spreadsheets, databases, word processing
- Comprehensive knowledge of concepts, practices, and procedures in Human Resources in order to complete complex assignments
- Comprehensive knowledge of point factor and market evaluation systems
- Excellent interpersonal skills in order to interface effectively with external contacts at peer banks/applicable industries concerning a full range of compensation issues and trends
- Thorough understanding of design and analysis of variable pay programs to ensure programs are equitable and achieving desired results, including incentive plans, discretionary bonus plans, and reward/recognition plans
Compensation Analyst, Senior Job Description
- Assist with the timely review and filing of Form 4s for Section 16 Insiders
- Work with SOX and external auditors to ensure regulatory compliance of compensation processes
- Act as a resource and subject matter expert in compensation programs, policies, and legislation governing compensation
- Interact with all levels of management to help develop, implement, communicate, and administer base and variable pay programs
- Partner with management to interpret compensation policies and provide analysis, advice, education, and solutions to compensation issues
- Perform complex cost impact analyses and preparing special analyses, studies, and recommendations on subjects such as pay strategies to ensure market competitiveness, setting appropriate starting pay, incentive/sales compensation, and developing salary structures
- Utilize the Global Career Framework for job evaluation and leveling, establishing market pricing benchmarks, salary structure assignment, incumbent analysis, and incentive target recommendations
- Administer annual merit review for the US region, including manager training and manager/HRBP guidance
- Processing acceleration or forfeiture in BAML
- Sending AST forfeiture letters
- Supporting the Senior Compensation Advisors with professional business related research and analysis
- Strong team player and ability to work independently in a team
- Strong compensation skills
- Completion of a full 4-year course of study in an accredited college or university leading to a bachelor's or higher degree in a major such as human resources, or related
- Certification as a Compensation Professional
- Experience with HRIS systems (reporting, maintenance)
Compensation Analyst, Senior Job Description
- Participates in salary and compensation practice surveys
- Research external market pricing for benchmark positions
- Manipulate and analyze large data sets to distill insights from the numbers and convey findings to business partners
- Assist with annual compensation processes, including base salary merit increases and equity grants
- Work on core compensation projects and improve internal processes to scale looking
- Ensure appropriate level of compensation governance across supported teams
- Participate in the development, review, implementation, and administration of new/revised compensation programs with limited supervision
- Responsible for completing moderately complex compensation projects with little or no supervision/guidance
- Assist with any required communication and change management related to the administration of current plans or the revision or creation of new compensation programs
- Support internal business leaders by researching and responding to questions, interpreting policies, and otherwise assisting with compensation-related issues
- BA/BS in quantitative-focused major
- Five (5) years of varied compensation experience
- Certified Compensation Professional highly preferred
- Leads the administration of compensation programs, including tracking global employee populations and data, coordinating global payout process and communications, and Sr
- Leads the administration of Corporate Recognition Programs
- Serves as primary compensation contact to human resources (HR) Managers to provide advice, direction and guidance on broadly defined compensation matters
Compensation Analyst, Senior Job Description
- Performs complex compensation research and analysis by gathering and interpreting data
- Responsible for participation in annual Salary Surveys, analyzing trends and gathering current market data information
- Evaluate market data to recommend modifications and/or changes to salary structure
- Conduct statistical analysis, data modeling and costing of pay programs
- Provide analytical support for compensation initiatives
- Analyze changes in salaries or salary grades that deviate from the Company’s compensation philosophy
- Partner with the HR Manager/Generalist to provide support and council for client issues
- Work with staffing and business clients to assist in hiring/retention/development of employees
- Partner with Payroll to process bonus, merits, and any additional compensation related inquiries
- Collaborate with HRIS to ensure the integrity of employee and job data within the HRIS system
- Interpret state and federal wage, salary and hourly laws and regulations to ensure compliance and advise management accordingly
- Knowledge of compensation principles, practices and standards and methods and processes for collecting, analyzing, interpreting and reporting data
- MA in Human Resources
- Monitors the effectiveness of existing compensation policies, guidelines and procedures recommending plan revision new plans that are cost effective and consistent with compensation trends and corporate objectives
- Works closely with the Benefits team to ensure programs are viewed and designed to support the total reward philosophy of the organization
- Bachelor’s degree in HR, Business Management or related discipline from accredited university
Compensation Analyst, Senior Job Description
- Manage base pay and incentive programs including annual pay planning process, short term incentive programs, and long term incentive programs
- Lead projects such as external survey participation and analysis, compensation integration for mergers and acquisitions, and executive compensation analysis
- Provide day to day consultation, guidance, and recommendations on job/classification reviews taking into account external market data, internal equity, appropriate FLSA classification, and alignment with Tempur Sealy compensation philosophy
- Support Executive Compensation activities related to equity administration, support for board and compensation committee materials, proxy
- Build collaborative partnerships internally and externally which enable innovative approaches and solutions for leveraging the value of the total rewards package
- Propose recommendations on global standards for the function in partnership with the HR leadership
- Develop and document procedures and training materials to aid in streamlining processes, educating HR and Managers, and ensuring compliance with regulatory requirements
- Manage requests for job evaluations/re-evaluations for new and existing positions
- Participate in compensation and rewards surveys
- Make recommendations on survey participation/purchase
- Five (5) years of progressive experience administering compensation as a Compensation Analyst or similar role
- Demonstrated understanding of FLSA legislation and Wage and Hour
- Must have drive and desire to own programs, processes, consultancy
- Strong analytical skills, problem solving capabilities, project management experience
- Solid understanding of employment and wage regulations impacting compensation policies, practices, and procedures
- Proven strong work ethic, ability to make decisions, and work in a fast-paced environment under tight deadlines, without sacrificing quality of work product