Associate Manager, Compensation

5 months ago

Toronto, Canada Equitable Bank Full time

Let's talk about the role

Main ActivitiesCompensation:Support the development of our compensation philosophy and strategy, in alignment with our goals;Develop and produce client-ready reports on an ad-hoc and cyclical basis on competitive market trends and internal equity in alignment with our compensation philosophy;Develop and maintain market benchmarking framework and databases to drive efficiencies;Own the annual survey submission process and timelines, maintaining relationships with survey vendors and/ or compensation consultants;Provide compensation advice to HR Business Partners, Talent Acquisition Partners, and People Managers;Collaborate with HR Business Partners, HR Operations, and Business Leaders to conduct ad-hoc and cyclical analyses and create reports;Lead the analysis for the annual year-end compensation cycle, ranging from analyses, determining salary adjustments and bonus amounts, updating the funding models, managing the compensation module, training managers, etc.;Analyze, review, and design various incentive programs to drive performance;Participate in projects, engaging multiple stakeholders in the flow of information and assignments;Participate in special projects related to compensation, such as mergers and acquisitions, organization design, and compensation system implementation.People Analytics:Partner with the Director, Compensation and the HR Team to support deliverables for HR projects, including the ability to frame key issues, conduct analysis, and communicate insights to stakeholdersProvide insights and support projects to drive business decisions and measure success of programs and initiatives (e.g., analyze exit survey results; analyze key drivers of performance, engagement survey results, etc.);Support the completion of cyclical analytics and reports for Board meetings and executive meetings, as well as ad-hoc reports for the CHRO;Participate in HR projects to support both quantitative and qualitative analyses;Serve as the point of contact for HR cross-functionally to calculate and report data for various compliance and analytics purposes.

Let's talk about challenges

Analyzing and interpreting complex data to make informed decisionsManaging multiple compensation and people analytics projects simultaneously and meeting deadlinesAn understanding of various people and HR analytics that can be conducted and evolving accordingly based on the purpose/ audience for analysesA creative and process-improvement mindset with a focus on business continuity and automationData Analysis: Strong analytical skills required for gathering and analyzing various internal and external data sourcesProject and stakeholder management: collaborating effectively with leaders and peers across HR and cross-functionally to achieve shared outcomes

Let's talk about accountability

Identify innovative ways of conducting analytics to support the broader HR functions and prioritiesDocument methods of analysis for business continuity purposes and in alignment with best market practicesLook beyond analytics to augment recommendations, insights, and findings using creative methods of qualitative analysisOwn and improve the compensation market benchmarking database and framework on an ongoing basis

Let's talk about you

Bachelor’s degree/ post-secondary education ideally with a focus in Human Resources, Business Administration, Mathematics, Statistics, etc.Minimum of 5+ years of experience in Compensation;Knowledge and understanding of compensation and people analytics theories and practices;Ability to interpret and apply quantitative and qualitative data to derive people and organizational insights;Strong affinity for analytics and communication of relevant insights for purpose;High level of attention to detail and accuracy;Excellent organizational and time management skills with the ability to prioritize and multitask in a busy environment;Expert proficiency in Excel and/or Power BIWhat we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

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