Compensation Analyst

Location Addison
Date Posted November 10, 2020
Job ID 10652
Employment Type Direct Hire

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Job Description:
We are assisting our Addison, TX client in a search for a Compensation Analyst. This position will be responsible for developing, designing and implementing total compensation programs, practices, and policies to attract and retain top talent.
Benefit Highlights:
  • 401(k) with Employer Match
  • Medical/Vision/Prescription/Dental Plans
  • Life Insurance/Disability
  • Paid Time Off/Holidays
Responsibilities:
  • Demonstrate and ensure compliance with applicable federal, state, and local laws and regulations.
  • Complete market analysis, job evaluation, and internal leveling of new and updated positions to ensure both external competitiveness and internal equity.
  • Modify and create new descriptions which accurately reflect current roles, responsibilities and requirements.
  • Provides consultative guidance, interpretation, training and recommendations related to all compensation programs, policies, actions and issues.
  • Responsible for ensuring timely participation in external salary surveys.
  • Recommend corrective or alternative actions to resolve compensation related issues.
  • Administration of annual Salary Planning program and assist finance in the bonus cycle.
  • Responsible for maintaining documentation of FLSA determinations and classifying exemption status for jobs through review of job profile or desk audits.
  • Perform audits on compensation equity and work with leaders on action plan.
  • Transfer and process data for salary adjustments, special payments, bonuses and auto allocations.
Requirements:
  • Bachelor’s degree in Finance, Business Administration or related.
  • 4+ years of experience as a Compensation Analyst, healthcare industry experience preferred but not required.
  • Experience with base pay and variable pay administration preferred but not required.
  • Experience developing and writing compensation plans.
  •  Accuracy skills and ability to seek out peer review to ensure data integrity.
  • Knowledge of compensation/HRIS function, policies, procedures and practices including employment classification rules and regulations.
  • Ability to calculate and interpret mathematical formulas such as percentages, ratios, statistical average, median, multiple regression.
  • Demonstrated customer-focused approach, which includes courteous and respectful interactions with colleagues.
  • Intermediate excel spreadsheet skills including ability to apply functions such as Vlook- up, date conversion, create mathematical formulas to calculate sums, ratios, and percentages, create look up’s’ using data validation function, etc.
VIP 2020 | An equal opportunity employer.

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