Total Rewards Analyst Job Description
Total Rewards Analyst Duties & Responsibilities
To write an effective total rewards analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included total rewards analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Total Rewards Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Total Rewards Analyst
List any licenses or certifications required by the position: CCP, TR, HR, BMS, PHR, CEBS, CBP, CP, SHRM, PM
Education for Total Rewards Analyst
Typically a job would require a certain level of education.
Employers hiring for the total rewards analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Human Resources, Business, Finance, Business/Administration, Education, Economics, Accounting, Administration, Statistics, Management
Skills for Total Rewards Analyst
Desired skills for total rewards analyst include:
Desired experience for total rewards analyst includes:
Total Rewards Analyst Examples
Total Rewards Analyst Job Description
- Liaise with compensation and benefits vendors
- Administer participation in salary and benefits benchmark surveys
- Consult with People, Legal, Finance and Organizational Leaders on compensation and benefits to ensure progressive alignment with business objectives and internal employment values
- Manages Benefits administration with Sun Life provider
- Ensures adherence of benefits policies related to short and long-term leave, PTO, Ensures proper documentation related to LOA is received, recorded and communicated to employees and management
- Provide data/information to the Total Rewards Lead, Total Rewards Specialist and Total Rewards CoE as needed to address problems, solve questions or analyze efficiency or effectiveness
- Perform tasks in support of the Total Rewards in accordance with standard operating procedures
- Provide support to the Customer Interaction Center (CIC) as required
- Communicate any downstream impacts from CoEs to tier 1 support
- Provide support to Total Rewards CoE on escalated issues as appropriate
- Ability to coordinate and manage content across HR functional areas
- Bachelors degree with a concentration in HR disciplines
- Experience in large, complex banking and diversified financial services companies (or comparable)
- Solid skills with MS Access
- Proficient in project management fundamentals
- Degree in management, marketing, accounting/finance, economics, industrial/organizational psychology, industrial engineering, mathematics, or equivalent
Total Rewards Analyst Job Description
- H&W plan – employee’s enrollment in correct plan, conclusive dependent data, proper benefit deductions from payroll, correct FSA/HSA annual contribution amounts, life insurance EOI limits/approvals
- Responsible for the coordination of LOA related activities including external vendors - evaluation and management of the vendor’s performance, supports vendor implementations, collection of audit data, compliance requirements, vendor mapping, data issues and verification
- Produces Total Rewards reporting initiatives and provides reporting and analysis supporting the Annual total reward processes
- Production of creative written material - is a key component of the role, typically working in PPT
- Stakeholder engagement – support the production of stakeholder engagement materials
- Support the design and build of change interventions as required (comms, training, readiness materials, stakeholder decks, media, video)
- Change impact assessment support – support with the planning, preparation and delivery of change impact assessments to understand how different programmes/projects impact different stakeholder groups
- Change admin – provide administrative support and organization of documents, trackers, SharePoint sites to ensure smooth running of the Strategic Change team
- Helping implement organizational change enablement strategies for compensation tools and processes
- Helping to develop creative ways to influence change and increase adoption across the organization
- Ability to articulate the importance of total rewards to an organization from financial, cultural, and personal perspectives
- Demonstrated ability to partner with business line to understand the business needs and develop suitable compensation / reward /benefit programs
- Exceptional analytical and quantitative analysis skills
- Demonstrate high degree of accuracy and attention to detail
- Experience partnering, influencing and negotiating with senior management
- Advanced proficiency using spreadsheet software and solid working knowledge of Word, Access and comfortable with adapting easily to new technology tools
Total Rewards Analyst Job Description
- Assist Manager as needed in day-to-day activities and/or special benefits projects
- Handles employee benefits communications, both individual and group by conducting meetings, preparing written and graphic announcements and explanations
- Manage day to day contact with benefits carriers
- Good pc skills, including Intermediate to Advanced level MS Excel skills
- Cultivating effective relationships with primary team members and key stakeholders to ensure as a team we have strong stakeholder relationships
- Business readiness – support with the business readiness tracking for go-live to ensure necessary activities are complete and stakeholder groups are ready for go-live
- Support Governance activity – Help track and manage status of the enablement readiness activities and change journey with the TR teams
- Risk and issue management support – help manage and track enablement risks and issues
- Helping collate feedback and improvement ideas relating to the effectiveness of tools and processes (from an enablement perspective)
- Researching and quickly learning innovative change enablement concepts, methods and best practices
- Strong preference for a relevant Professional certifications WorldatWork, Certified Rewards Professional from Hewitt/Hays/Towers Watson
- 2-4 years in Compensation, HR Systems, or Analytics role(s) requiring strong information management skills to support decision making
- Support the Total Rewards Consultants with the analysis and creation of business cases for salary changes, including market/survey analysis, opex business cases Create standard documentation allowing for total reward analysis, costing & modelling
- Experience working in a shared services center environment preferred
- Knowledge of leave of absence policy and practice across US, Puerto Rico and Canada preferred
- Minimum of 1 year experience in leave of absence administration for a mid/large size Global organization
Total Rewards Analyst Job Description
- Research and troubleshoot escalations for benefits related inquiries
- Support design and administration of compensation, performance management and recognition programs
- Administer and configure performance management, merit and bonus process in Workday ensuring adherence to policy and accurate implementation of compensation changes
- Responsible for the day-to-day operation, administration and security of the SharePoint incentive site
- Partner with Incentive Compensation Finance and HR for development and maintenance of bonus codes
- Active management of the master job code and bonus report to include maintenance of position titles, aligned job codes, job profiles, grade level, incentive plans and exemption classification status
- Provides counsel to Management and HR Business Partners on a variety of compensation plans, programs and system
- Participates in market surveys and prepares compensation data submissions on behalf of JCI
- Manage the development of annual incentive letters and distribution to managers and employees
- Audit, analyze and improve upon current compensation practices
- Experience using a Human Resource Information System is desirable, especially WorkdayExcellent oral and written communication skills
- Assume responsibility for successfully accomplishing work objectives on time while working in an independent manner
- Demonstrates use of judgement in ensuring thoroughness in completing work assignments
- Ability to deal with ambiguity by demonstrating a flexible and adaptable approach to tasks
- Strong analytical skill is critical
- Flexible and ability to work in a fast paced environment meet deadlines and juggle multiple projects at once
Total Rewards Analyst Job Description
- Initiate the development and delivery of total rewards policies, programs, and processes for all levels of the organization to drive organizational objectives and ensure labor market competitiveness, while maintaining cost efficiency
- Implement and administer a regular leveling and compensation review process, including cash, short-term and long-term incentives
- Support the strategy, design, and delivery of communications for all total rewards programs
- Be an industry subject matter expert and professional practitioner on compensation and benefit developments & trends, to ensure that solutions are progressive, compliant, and add value to the employee life cycle
- Maintains specific knowledge of the Company’s health and welfare benefit plans and the processes necessary to administer the plans, and develops deep subject matter expertise for the benefit plans for which he/she is responsible
- Assists with communication materials, such as presentations and information packages, to keep employees updated on plan changes and amendments
- Completes special projects and studies as assigned which may include the redesign of existing benefit and compensation plans and programs, the development of new programs, and the completion of ad-hoc analysis that outlines observations and recommendations
- Assists with processing inbound/outbound carrier files, ensuring files are properly and timely loaded into Company’s and various vendor’s systems
- Assistant project manager in the planning and execution of the annual open enrollment process
- Leads the completion of all required testing, reporting, filing of Plan 5500s
- Experience capturing employee feedback, both qualitative information and quantitative data
- 5 to 7 years of compensation, benefit or HR experience
- Demonstrated ability to partner with stakeholders to understand the business needs and develop suitable compensation / benefit programs
- Ability to work independently, have a sense of accountability work cooperatively in a close team environment
- Bachelor’s Degree with a professional HR, Business, Tax, or Accounting qualification, or Diploma with equivalent working experience
- Previous experience and subject matter expertise in Global Mobility policies and programs