- Implement compensation levels and salary ranges for positions. Assess jobs and their respective duties to determine classification as exempt or nonexempt and appropriate salary range.
- Review job descriptions, recommend corresponding compensation levels and salary ranges and communicate recommendations in a concise, customer-focused format.
- Manage the compensation benchmarking process, including selection of the appropriate market peers, survey participation timelines and budget.
- Develop and maintain compensation guidelines and best practices to ensure internal equity and competitiveness with the external market.
- Assist in developing and implementing pay strategies to support assigned business unit's requirements. Provide guidance to HR partners regarding pay decisions.
- Prepare and present summary reports of job analysis and compensation analysis information.
- Lead project plans and execute the annual compensation programs effectively and efficiently to meet all key project milestones.
- Develop and maintain Key Performance Indicators (KPIs) for all Annual Compensation Processes to ensure pay practices are competitive and equitable.
- Audit pay practices to ensure compliance with federal and state legislation applicable to wage and hour laws and regulations and internal pay policies; thoroughly document findings and recommend appropriate solutions for compliance.
- Study market compensation trends and practices and provide insights. Network with peer companies to understand industry trends. Develop custom surveys and/or questionnaires and analyze submissions.
- Develop communication plans with leaders to reinforce Zeus' compensation strategy and total reward programs goals and objectives.
- Prepare reports and presentations on pay competitiveness.
- Performs other related duties as assigned.
- Bachelor's degree in human resource management, business administration or a related field is required. MBA or Master's degree preferred.
- Minimum of 7 years' experience in HR in a compensation role
- Experience designing and implementing a compensation structure
- Knowledge and experience of federal, state, and local laws and regulations affecting compensation and benefits.
- Excellent communications, interpersonal, and organizational skills required.
- Ability to act with integrity, professionalism, and confidentiality.
- Demonstrated project management and change management skills.
- Advanced Excel skills required. Proficient with Microsoft Office Suite or similar software.
- Excellent written and verbal communication skills.
- Excellent organizational and time management skills.
- Knowledge of Oracle HCM preferred.
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Senior Compensation Analyst - Gaston, United States - Zeus Company, Inc.
Description
Job DescriptionGeneral Summary:
The Sr Compensation Analyst will implement and maintain compensation structures to ensure competitive market pricing to attract and retain talent while complying with all legal regulations regarding compensation. Position provides compensation guidance and consultation to HR Partners and managers on job evaluations, salary recommendations, and responding to general compensation inquiries. Has a key role in the successful execution of annual compensation processes.
Responsibilities:
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