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    Senior Compensation Analyst - Minneapolis, United States - Digi-Key

    Digi-Key
    Digi-Key Minneapolis, United States

    1 week ago

    Default job background
    Full time
    Description

    DigiKey is one of the fastest growing distributors of electronic components in the world. In addition to offering the broadest selection of in-stock electronic components and providing the best service possible to customers, employees have access to a highly competitive benefits package. The package includes a comprehensive health insurance plan featuring a low co-pay and no deductible plan as well as dental, vision, life, and long-term disability coverage; flexible spending accounts; competitive paid time off; relocation assistance; 401(k) and profit sharing; and education advancement. To learn more, visit our benefits and perks page.

    Position Overview:
    The Senior Compensation Analyst is responsible in recommending and implementing compensation programs, policies and procedures that align with the Company's Total Rewards strategy. This position is also responsible for ensuring that the Company compensation programs are consistently administered in compliance with internal policies and governmental regulations. You will provide consultation and support in scaling compensation programs and the development of initiatives that support our Compensation roadmap.

    This role is a hybrid position with occasional travel. The role can reside in Thief River Falls, MN or Bloomington, MN.

    Responsibilities:

    • Provide analysis, development, design, auditing, communication, and implementation of compensation programs including but not limited to, job evaluations, market matching, annual salary review process, salary structure, etc.
    • Lead projects such as job leveling, survey participation and analysis, collect and analyze market data, maintain salary survey data library, system benchmarking, and additional projects that support the Company's Total Rewards strategy.
    • Determine and evaluate competitive compensation and FLSA status for individual jobs and job families by analyzing external survey data.
    • Responsible for incentive plan management, including incentive plan design and documentation, as well as incentive calculations with accurate and timely payments.
    • Create compensation data reports and tracking for assigned business units and present insight to business leaders.
    • Work with the HRIS team to ensure that Workday is configured to meet compensation needs and is updated to reflect changes to compensation business processes, bonus programs, etc.
    • Acts as an informal resource for colleagues with less experience.
    • Provide support and training to Human Resource Business Partners and business leaders concerning the interpretation of compensation practices, policies, and guidelines.
    • Perform other duties and projects as assigned to contribute to the success of the company employees, the HR team, and the organization.
    Required Knowledge, Skills, and Experience:
    • Bachelor's degree in human resources, finance or a related field.
    • A minimum of five (5) years of experience in compensation.
    • Strong analytical skills and supportive systems leverage (particularly Microsoft Excel/PowerPoint).
    • Advanced level Excel skills
    • Detail oriented with a commitment to data accuracy.
    • Proven experience acting as a subject matter expert to the business.
    • Ability to prioritize and handle multiple projects at once.
    • Preferred: CCP certification
    • Preferred: Incentive compensation
    • Preferred experience: Workday
    • Preferred: Familiarity with Payfactors (PayScale)
    Tools / Systems / Software:
    • Full Microsoft Suite, including Teams
    • Payfactors
    • Workday
    Physical Requirements:

    The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    The following are some environmental conditions that one may be exposed to on a daily basis and for various lengths of time.
    • Work is primarily performed at a desk and/or in an office environment for 3/4 of the day and up.
    • The office noise level in the work environment is typically, moderate.
    DigiKey Electronics is an Equal Opportunity Employer. We encourage qualified minority, female, veteran and disabled, and other diverse candidates to apply and be considered for open positions.

    If you are an applicant with a disability and need a reasonable accommodation for any part of the employment process, please contact Human Resources at or

    Know Your Rights: Workplace Discrimination is Illegal

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