Compensation Analyst
Compensation Analyst
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Qualifications:
Education/Certification:
Bachelors degree in human resources business administration finance or related field required; masters degree preferred.
CCP certification preferred.
Schedule: 8:30 am 5:00 pm; MF
Skills:
Minimum of five 5 years of direct jobrelated benefits experience.
Strong analytical skills and proficiency in compensation systems analysis tools and techniques.
Knowledge of federal state and local compensation laws and regulations.
Proficiency in HRIS and Microsoft Office Suite particularly Excel.
Excellent communication and interpersonal skills.
Ability to manage confidential information with integrity and professionalism.
Major Responsibilities and Duties:
- Compensation Analysis and Design
- Conduct market research and analysis to evaluate Melwoods compensation structure
- Assist in the design implementation and administration of base pay structures incentive programs and other compensation plans
- Analyze job positions and create job descriptions to ensure proper classification and alignment with market data
- Evaluate and update compensation programs to ensure internal equity and external competitiveness
- Manage compensation data within the HRIS ensuring accuracy and integrity
- Develop and generate reports on compensation metrics trends and forecasts
- Salary and Incentive Administration
- Administer salary surveys and analyze the data to determine the competitiveness of Melwoods compensation programs
- Develop and manage incentive plans bonuses and other performancebased compensation programs
- Prepare and process compensationrelated adjustments promotions and merit increases.
- Compliance and Reporting
- Ensure compliance with all federal state and local compensation laws and regulations
- Prepare and submit required reports including EE01 to maintain compliance with regulatory requirements
- Stay current with changes in compensationrelated laws and regulations to ensure ongoing compliance
- Communication & Support
- Communicate compensation policies and programs to employees and management
- Provide support and guidance to HR and management on compensationrelated issues
- Develop and deliver communications and training sessions for managers on compensation practices and policies.
- Collaborate with the Benefits Specialist to ensure accurate benefits data integration and support benefits administration as needed
- Provide support in maintaining and updating the HRIS ensuring data accuracy and assisting with system enhancements
- Participate in total rewards projects and initiatives aimed at improving compensation benefits and HRIS processes
- Develop and maintain standard operating procedures (SOPs) and documentation related to total rewards functions
- Data Management and Reporting
- Maintain accurate compensation data in the HRIS
- Generate reports and analyze compensation trends to support decisionmaking.
- Provide analytical support for compensation reviews and projects
- Special Projects
- Complete special projects and perform other duties as assigned
Working Conditions:
Ability to sit 85 of the time; stand/walk 15 of the time.
Ability to lift carry push and/or pull 30 lbs.
Ability to speak hear and see all necessary to accomplish essential functions.
Required Experience:
IC
Employment Type
Full-Time
