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Compensation Analyst
3 months ago
Our team members are at the heart of everything we do. At Cencora, we are united in our responsibility to create healthier futures, and every person here is essential to us being able to deliver on that purpose. If you want to make a difference at the center of health, come join our innovative company and help us improve the lives of people and animals everywhere. Apply today
What you will be doing
PRIMARY DUTIES AND RESPONSIBILITIES:
Responsible for the entire salary survey participation process, in order to obtain current data for market benchmarking to ensure the Company's competitiveness in the marketplace; compiles, analyzes and evaluates survey data; maintains compensation survey sources in CompAnalyst Evaluates new positions using established job evaluation system and determines grade assignment Works closely with business units to ensure compensation decisions are in alignment with Company's overall compensation philosophy Coordinates the schedule for the merit increase cycles and validates information containing merit increase recommendations Generates summary reports at the end of each merit increase cycle for management review; generates analytics for use by regional, functional, and business unit management to assist with compensation management decisions Partners with HR Community and delivers Compensation 101 presentations to Corporate and Business Unit supervisor / management level associates Assists in the processing of Company's incentive programs by ensuring that associates are paid accurately and according to a schedule based on a number of performance measures; includes generating and reviewing reports and researching discrepancies Works closely with the Payroll department to coordinate compensation-related activities requiring payroll processing support; supports all compliance initiatives Creates new job codes and titles for newly-created positions; maintains title integrity for Company approved positions Loads newly-created and/or updated job descriptions into job description repository, including compensation level and grade information. Reviews and escalates all pay rate changes that are outside of policy for appropriate approvals Coordinates the annual review of company office location geographic differentials in order to ensure competitive pay practices in local labor markets Routinely audits compensation data in the HRIS system such as job codes, compensation levels and grades, bonus plans and targets Performs other compensation-related duties as assignedWhat your background should look like
EXPERIENCE AND EDUCATIONAL REQUIREMENTS:
Requires broad training in fields such as business administration, accountancy, sales, marketing, computer sciences or similar vocations generally obtained through completion of a four year bachelor's degree program. Requires a minimum of two (2) years' experience as a Compensation Analyst. Certified Compensation Professional (CCP) preferred; however, if designation has not been completed, Cencora will incur expenses for certification program.
MINIMUM SKILLS, KNOWLEDGE AND ABILITY REQUIREMENTS:
Ability to communicate effectively both orally and in writing Strong analytical, conceptual and problem solving skills to evaluate problems and apply knowledge to identify appropriate solutions; ability to resolve issues effectively and efficiently Strong mathematical skills Strong interpersonal skills Strong organizational skills and attention to detail Ability to meet deadlines Strong knowledge of Microsoft Office applications - specifically Excel, Word and PowerPointWhat Cencora offers
We provide compensation, benefits, and resources that enable a highly inclusive culture and support our team members' ability to live with purpose every day. In addition to traditional offerings like medical, dental, and vision care, we also provide a comprehensive suite of benefits that focus on the physical, emotional, financial, and social aspects of wellness. This encompasses support for working families, which may include backup dependent care, adoption assistance, infertility coverage, family building support, behavioral health solutions, paid parental leave, and paid caregiver leave.
To encourage your personal growth, we also offer a variety of training programs, professional development resources, and opportunities to participate in mentorship programs, employee resource groups, volunteer activities, and much more.
Schedule
Full timeAffiliated Companies:
Affiliated Companies: Innomar Strategies