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Senior Compensation Analyst

2 months ago

Old Toronto, Canada Thomson Reuters Full time

Reporting to the Vice President, Compensation, the Senior Compensation Analyst will be responsible for development and implementation of comprehensive analytical solutions/tools, and for both standardized and bespoke reports from multiple data sources providing HR and other Reward team members with the intelligence and data to make decisions related to pay governance and strategy.


As a senior member of the Design & Analytics team, the Senior Compensation Analyst will work with a good degree of autonomy on a diverse range of problems and data sources in support of the Consultants and Vice President. The job holder will also work with colleagues and team leadership to identify and co-ordinate opportunities to enhance the overall efficiency of the Total Reward team, including automation, standardization of enterprise-wide processes and contributing to the use of AI in the team’s work.


The role will be responsible for coordinating and undertaking analysis of market data on a global basis, to support the development and implementation of pay ranges to ensure competitiveness and, where necessary, statutory compliance of Thomson Reuters Global Pay programs. While developing pay ranges with the Design & Analytics team, the job holder will have the responsibility for job matching, survey input, managing survey vendor relationships and the sourcing and analysis of appropriate market data in accordance with Thomson Reuters global compensation philosophy. The job holder will partner with other members of the Compensation team in execution of the Annual Compensation Cycle for the Company.


The Senior Compensation Analyst will work closely with and provide input and expertise to other Compensation team members providing analytical and operational support. The incumbent will work under the supervision of the Vice President, Compensation, relying on general direction and precedent to perform the job and taking a role in identifying and implementing opportunities to improve the team’s efficiency and delivery. The role holder will liaise closely with and provide support to the team’s Reward Consultants.


The Senior Compensation Analyst will be a professional with sound compensation analytical experience and a solid understanding of industry practices and company policies and procedures. The incumbent should be highly proficient in quantitative analysis and interpretation of data to make logical conclusions. Experience with process automation and application of new technologies is an advantage.


About the Role

In this role as Senior Compensation Analyst, you will:

  1. Act as primary subject matter expert for the Compensation Design and Analytics team, guiding colleagues and coordinating the team’s annual cycle of work, leading in managing smaller projects or reviews.
  2. Manage the integrity of compensation data, assist with system configuration and upgrades and maintain and update plan documents as necessary.
  3. Structure, analyze and interpret large amounts of data using statistical methods.
  4. Respond to inquiries and coordinate the dissemination of analysis and insights.
  5. Develop analytical models and reports, using Excel, Power BI or other appropriate tools, to deliver insightful, consistent data analyses for faster decision making.
  6. Use HRIS and Compensation Administration systems to run queries and research issues.
  7. Specify and complete audits for data validity/governance purposes.
  8. Provide data and insights in support of the annual salary planning process.
  9. Act as a key contributor to the development of country pay structures.
  10. Co-ordinate and take part in salary survey participation and summarizing market data for broader review within the Rewards Function.
  11. Assist with Sarbanes Oxley compliance and testing.
  12. Administer vendor accounts and invoices.
  13. Provide and identify opportunities for other miscellaneous pay research and analyses, as appropriate.

About You

You're a fit for the role of Senior Compensation Analyst if you:

  1. Have proven strong analytical and quantitative data skills. Advanced analytical execution skills in Excel and Access would be ideal.
  2. Have sound experience in Compensation and associated Data Analytics, with good knowledge of major market data providers.
  3. Are proficient with HR database queries (e.g. Workday) and have knowledge of Human Resources functions or disciplines.
  4. Are detail-oriented with a commitment to quality and ability to approach assignments strategically and manage to completion.
  5. Have excellent organizational skills with ability to co-ordinate your own and the team’s work on many tasks concurrently.
  6. Are an effective communicator within the Compensation team and when working with the broader People team.
  7. Have strong knowledge of Microsoft business applications like Excel, Power Point, Word etc.
  8. Would typically have a Bachelor’s degree and 5+ years relevant Compensation experience.

What's in it For You?

You will join our inclusive culture of world-class talent, where we are committed to your personal and professional growth through:

  • Hybrid Work Model: We’ve adopted a flexible hybrid working environment (2-3 days a week in the office depending on the role) for our office-based roles while delivering a seamless experience that is digitally and physically connected.
  • Wellbeing: Comprehensive benefit plans; flexible and supportive benefits for work-life balance: flexible vacation, two company-wide Mental Health Days Off; work from another location for up to a total of 8 weeks in a year, 4 of those weeks can be out of the country and the remaining in the country, Headspace app subscription; retirement, savings, tuition reimbursement, and employee incentive programs; resources for mental, physical, and financial wellbeing.
  • Culture: Globally recognized and award-winning reputation for equality, diversity and inclusion, flexibility, work-life balance, and more.
  • Learning & Development: LinkedIn Learning access; internal Talent Marketplace with opportunities to work on projects cross-company; Ten Thousand Coffees Thomson Reuters café networking.
  • Social Impact: Ten employee-driven Business Resource Groups; two paid volunteer days annually; Environmental, Social and Governance (ESG) initiatives for local and global impact.
  • Purpose Driven Work: We have a superpower that we’ve never talked about with as much pride as we should – we are one of the only companies on the planet that helps its customers pursue justice, truth and transparency. Together, with the professionals and institutions we serve, we help uphold the rule of law, turn the wheels of commerce, catch bad actors, report the facts, and provide trusted, unbiased information to people all over the world.

Do you want to be part of a team helping re-invent the way knowledge professionals work? How about a team that works every day to create a more transparent, just and inclusive future? At Thomson Reuters, we’ve been doing just that for almost 160 years. Our industry-leading products and services include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. We help these professionals do their jobs better, creating more time for them to focus on the things that matter most: advising, advocating, negotiating, governing and informing.


We are powered by the talents of 26,000 employees across more than 70 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.


Accessibility

As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.


We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law.

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