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Sr. Analyst Compensation
3 months ago
Job Overview / Purpose
The Sr. Analyst Compensation will be responsible for developing and implementing comprehensive analytical solutions/tools for Compensation Administration, coordinating and undertaking analysis of market data, and providing expertise, analytical and operational support.
Key Accountabilities:
Compensation Administration
Administer Base salary, Short Term Incentives, Mid-Term Incentives and Long-Term Incentives programs.
Develop and implement comprehensive analytical solutions/tools for compensation administration.
Provide data and insights in support of the annual salary planning and Budget process.
Structure, analyze, and interpret large amounts of data using statistical methods.
Develop and maintain compensation administration documentation
Revise and develop job descriptions with leaders for accuracy and alignment with organizational standards and maintain a job description inventory.
Ensure all compensation practices comply with relevant laws, regulations, and best practices.
Analysis of Market Data
Analyze the compensation of employees and identify areas of risk to department leads.
Develop and maintain competitive and equitable pay structures through annual or more frequent review and analysis.
Recommend participation in external compensation surveys, coordinate and submit salary survey data, and summarize market data for business use.
Develop analytical models and reports using Excel or other appropriate tools to deliver insightful, consistent data analyses for faster decision-making.
Market price new and updated jobs as required.
Analytical and Operational Support
Manage the integrity of compensation data, assist with system configuration and upgrades, and maintain and update plan documents as necessary.
Make recommendations for continuous improvement in compensation processes through streamlining and automation.
Make recommendations for improvement of processes that affect the quality of data in HCM.
Specify and complete audits for data validation and governance purposes.
Analyze and maintain job and position codes/titles in Fusion HCM.
Administer vendor accounts and invoices.
Education and Communication
Provide clear communication regarding compensation processes to employees and leaders.
Develop and deliver compensation education sessions to help employees understand their total compensation package.
Qualifications
Education:
Post-secondary diploma in human resources, business, or a related discipline; or equivalent related HR/compensation education/work experience required.
Professional designation in a related field considered an asset (e.g., CCP, CHRL).
Experience:
5-8 years of relevant work experience in compensation.
Experience with sales incentive programs and short and long-term incentive plans is considered an asset.
Skills & Abilities:
Exceptional customer service with a commitment to excellence.
Strong interpersonal skills for effective relationship building.
Attention to detail and accuracy.
Excellent written and verbal communication skills.
Ability to work independently and collaboratively.
Effective time management and prioritization skills
Skilled in report preparation and presenting findings.
Experience in preparing training materials and public speaking.
Proficient in Microsoft Office (Word, PowerPoint), with advanced Excel skills.
Bilingualism is an asset.
