Description
The Senior Compensation Analyst is responsible for complex analysis, design, development and implementation of market competitive compensation programs, policies, and practices. The incumbent advises managers, recruiters and HR business partners on compensation decisions including base pay, bonus, job levelling and FLSA classification. The incumbent also designs, implements and administers processes for a range of compensation-related matters.
Principal Accountabilities:
• Administer the compensation planning and bonus processes, including the annual and mid-year promotion processes. Manage system set-up, create reports for division leadership, coordinate deliverables and ensure managers are adhering to timelines. Analyze preliminary planning decisions and guide managers on allocating compensation for their teams.
• Advise recruiters, HR business partners and all levels of managers on ad/hoc compensation matters. Advise on individual pay decisions, as well as on interpreting and applying compensation policies and practices.
• Conduct complex analysis and modelling for the design and development of market competitive compensation programs, policies and practices.
• Conduct job evaluations and provide recommendations to management for organizational levelling and FLSA classification. Partner with managers to gain a thorough understanding of the job being evaluated; summarize and evaluate responsibilities - measure and interpret responsibilities against role competencies and/or FLSA Yion criteria.
• Conduct market surveys and benchmarking analysis. Complete survey submissions; evaluate and interpret survey results; and apply survey and other benchmark data in setting compensation ranges for individual roles.
• Develop and present compensation-related communications and training.
• Lead Compensation systems related projects (e.g., participation in the design and implementation of Peoplesoft modules, Business Objects set-up and report design, etc.)
Skills & Software Requirements:
Strong Microsoft Excel, office and other database skills. Experience with Peoplesoft and compensation planning tools
