The Planet Group
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http://www.theplanetgroup.com
http://www.theplanetgroup.com
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Sr. Compensation Analyst
Remote Waltham, MA 02451 US
Posted: 11/16/2023
2023-11-16
2023-12-31
Employment Type:
Contract To Hire
Job Category: Accounting & Finance
Job Number: 582334
Country: United States
Is job remote?: Yes
Job Description
Sr. Compensation Analyst
6 months, could extend
Location: Remote, CST or EST
$45-50/hr
Must Have:
PURPOSE AND SCOPE:
Audits jobs for content and prepares job descriptions reflecting job responsibilities, activities, duties and requirements. Develops and/or participates in compensation surveys to collect and analyze competitive salary information to determine company's competitive position.
Reviews proposed salary adjustments for conformance to established guidelines, policies and practices. Recommends corrective or alternative actions to resolve compensation-related problems. Reviews requests for new or revised classifications to determine appropriate salary grade assignment. Formulates recommendations regarding development of company salary structure, FLSA exemptions, job revisions and organizational structures.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Partners with company departments' management to write and update accurate job descriptions for revised and new positions within the organization as needed.
•Compiles and analyzes salary surveys and obtain comprehensive market data to market price the positions and compare internally to company positions. Recommends new position pay levels and/or geographic differentials based on conclusions made from compiled research.
• Conducts job evaluations and benchmark studies to ensure pay levels are externally competitive and internally equitable.
Obtains management's approval on job descriptions, approve job descriptions, create job codes for new positions and send job codes to HRIS.
• Completes annual salary surveys by matching company's positions to survey positions and submit to survey companies.
Prepares departments' focal review spreadsheets including merit increase prorations and coordinate the process and obtain final approvals. Email final approved spreadsheets to department heads for communication to employees.
Reviews internal salary increases and external offers to prospective new hires for internal equity and recommend salary amount.
Prepares annual salary planning benchmarking, cost analyses, merit matrix adjustments and make recommendations to senior management and roll out salary ranges and matrices to the company.
• Participates in yearend compensation evaluations responding to questions and providing guidance throughout the process.
• Prepares geographic salary differentials.
• Assists Divisions in compensation projects.
A seasoned, experienced professional with a full understanding of area of specialization; resolves a wide range of issues in creative ways.
Acts as a subject matter expert on compensation-related matters and provides comprehensive solutions (within preestablished programs or guidelines) on issues ranging from organization-wide programs to salary offers, completing job evaluations, recommending salary actions. Analyzes existing compensation programs, identifies and makes process improvement recommendations.
Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Networks with senior internal and external personnel in own area of expertise.
• May provide assistance to junior level staff with more complex tasks that require a higher level of understanding of functions.
• May escalate issues to supervisor/manager for resolution, as deemed necessary.
• Mentor other staff as applicable.
• Assist with various projects as assigned by a direct supervisor.
Qualifications/Skills:
6 months, could extend
Location: Remote, CST or EST
$45-50/hr
Must Have:
- Bachelor's degree
- 5+ years Compensation experience
- Strong interface skills
- Excel (v-Lookups and Pivot tables) required
PURPOSE AND SCOPE:
Audits jobs for content and prepares job descriptions reflecting job responsibilities, activities, duties and requirements. Develops and/or participates in compensation surveys to collect and analyze competitive salary information to determine company's competitive position.
Reviews proposed salary adjustments for conformance to established guidelines, policies and practices. Recommends corrective or alternative actions to resolve compensation-related problems. Reviews requests for new or revised classifications to determine appropriate salary grade assignment. Formulates recommendations regarding development of company salary structure, FLSA exemptions, job revisions and organizational structures.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Partners with company departments' management to write and update accurate job descriptions for revised and new positions within the organization as needed.
•Compiles and analyzes salary surveys and obtain comprehensive market data to market price the positions and compare internally to company positions. Recommends new position pay levels and/or geographic differentials based on conclusions made from compiled research.
• Conducts job evaluations and benchmark studies to ensure pay levels are externally competitive and internally equitable.
Obtains management's approval on job descriptions, approve job descriptions, create job codes for new positions and send job codes to HRIS.
• Completes annual salary surveys by matching company's positions to survey positions and submit to survey companies.
Prepares departments' focal review spreadsheets including merit increase prorations and coordinate the process and obtain final approvals. Email final approved spreadsheets to department heads for communication to employees.
Reviews internal salary increases and external offers to prospective new hires for internal equity and recommend salary amount.
Prepares annual salary planning benchmarking, cost analyses, merit matrix adjustments and make recommendations to senior management and roll out salary ranges and matrices to the company.
• Participates in yearend compensation evaluations responding to questions and providing guidance throughout the process.
• Prepares geographic salary differentials.
• Assists Divisions in compensation projects.
A seasoned, experienced professional with a full understanding of area of specialization; resolves a wide range of issues in creative ways.
Acts as a subject matter expert on compensation-related matters and provides comprehensive solutions (within preestablished programs or guidelines) on issues ranging from organization-wide programs to salary offers, completing job evaluations, recommending salary actions. Analyzes existing compensation programs, identifies and makes process improvement recommendations.
Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Networks with senior internal and external personnel in own area of expertise.
• May provide assistance to junior level staff with more complex tasks that require a higher level of understanding of functions.
• May escalate issues to supervisor/manager for resolution, as deemed necessary.
• Mentor other staff as applicable.
• Assist with various projects as assigned by a direct supervisor.
Qualifications/Skills:
- EDUCATION:
Bachelor's Degree required; Advanced Degree desirable
EXPERIENCE AND REQUIRED SKILLS:
5 - 8 years' related experience; or a Master's degree with 3 years' experience; or a PhD without experience; or equivalent directly related work experience.
• SHRM Certification (SHRM-SCP, SHRM-CP) is desirable, or a plus.
• Strong organizational skills with the ability to meet deadlines while with multiple priorities.
• Excellent oral and written communications skills.
• Excellent consulting skill, along with strong interpersonal and negotiation skills.
• Ability to build strong business relationships and provide excellent customer service.
• Ability to research, analyze and interpret data.
• Knowledge of compensation systems.
• Advanced knowledge of PC applications and Microsoft Office applications required
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