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Compensation Analyst

Date: Oct 16, 2021

Location: Any city, TX, US, 99999

Company: Gainwell Technologies LLC

Assists in the development, implementation and administration of compensation programs. Performs job and salary analyses to assist in evaluating internal equity, external competitiveness and legal compliance. Provides recommendations to senior business leaders for resolving compensation issues and ensuring compliance to regulatory requirements. Mentors lower level compensation specialist.

 

Essential Job Functions

 

  • Reviews and analyzes hourly and salaried job information. Reviews, revises and/or writes job descriptions based on job content questionnaires and subject matter expert interviews. Develops summary reports of analysis findings.
  • Reviews jobs and recommends appropriate grade level(s) assignment based on Fair Labor Standards Act (FLSA) exemptions, market data and internal job benchmarks.
  • Develops, records and coordinates implementation of approved job title, grade, and other related coding into Human Resources system. Determines system requirements, and coordinates across business units to ensure accurate configuration.
  • Participates in and/or conducts salary surveys. Analyzes market data to evaluate competitive position to the market and makes recommendations taking into account internal metrics. Recommends changes to salary ranges and budgets based on analysis. May support Reward and Recognition design and/or administration.
  • Reviews and analyzes hourly and salaried out of cycle pay adjustment requests. Approves or recommends alternate solutions. Supports tier two help desk fielding compensation related questions.
  • Audits/researches employee information to ensure compliance to company policy and regulatory requirements. Provides audit support by researching and developing response documentation supporting/showing compliance.
  • Assists in the internal administration of the annual performance review and merit increase process. Reviews recommended salary adjustments for conformance to established guidelines, policies and practices and submits for approval of business unit executive management.
  • Communicates with business unit management regarding employee compensation issues. Resolves questions and issues and/or refers to more senior compensation specialist as appropriate. Conducts training sessions in person and virtually as appropriate.
  • Develops compensation reports. Assists in program and initiative development and presentation to management.
  • Remains current on personnel policies, compensation/HR information systems, programs and practices. Stays informed on new and pending laws and regulations.

 

Basic Qualifications

 

  • Bachelor's degree or equivalent combination of education and experience
  • Bachelor's degree in business administration, human resources, industrial relations, liberal arts or related field preferred
  • Three or more years of compensation experience
  • Experience working with compensation principles, practices and procedures
  • Experience working with human resources principles, practices and procedures
  • Experience working with human resources laws and regulations

 

Other Qualifications

 

  • Good analytical skills
  • Communication skills
  • Interpersonal and interviewing skills to gather information from personnel
  • Personal computer and human resources system skills
  • Organization and time management skills
  • Ability to prioritize and meet deadlines
  • Ability to maintain high level of confidentiality regarding employee information
  • Ability to actively pursue learning opportunities in the compensation field
  • Ability to work independently and as part of a team
  • Ability to understand and apply federal, state and local changes and/or new regulations/laws pertaining to human resources

 

Work Environment

 

  • Office environment