- Partner in developing and implementing compensation structures (salary, bonus, equity), incentive policies, and practices in partnership with project teams and other HR teams, including staffing, legal, finance, and others.
- Continuously evaluate our compensation programs, innovating and recommending changes to maximize our investment's effectiveness in total rewards.
- Build compensation packages to attract top talent, partnering closely with our staffing team.
- Assist with the analysis of the market competitiveness of the company's compensation programs, including conducting research on peer and market practices and modeling the impact of any design changes.
- Own the execution of annual and mid-year compensation planning cycles, including modeling, project planning, communications, and training.
- Design and build compensation metrics, reports, and tools to inform compensation decisions and forecast and analyze compensation outcomes.
- Participate in various compensation surveys to collect and analyze market data and maintain a well-rounded knowledge of industry trends and practices.
- Act as an internal consultant to the business regarding hiring, promotion, compensation planning cycle, and related compensation activities; communicate meaningful recommendations, including salary and bonus programs, as needed.
- Coordinate with finance staff to ensure accurate compensation programs and accruals implementation and collaborate on the equity program administration.
- Assist in preparing materials for the Board, Compensation Committee, and Senior Management Team related to broad-based and executive compensation programs and proposals.
- Maintain compensation policies and plans, including assisting in developing and maintaining department processes, best practices, and procedures.
- Bachelor's degree in Economics, Statistics, Business Administration, a quantitative analysis-related field, or equivalent practical experience
- 3-5+ years of experience in compensation, analytical HR, or management consulting (e.g., strategy, compensation)
- Experience in the design, development, and implementation of compensation programs.
- Experience with job architecture development is a plus, including job descriptions, career, and leveling guides.
- Strong Excel and PowerPoint skills (e.g., VLOOKUP's, macros, scripts)
- Strong verbal and written communication skills, with an emphasis on tact and ability to communicate with manager and executive audiences
- Strong interest in analyzing data with the ability to see beyond the numbers to influence decision-making
- Experience in improving and identifying issues in processes and models, suggesting user-focused improvements, and navigating/influencing cross-functional teams to drive these changes.
- Strong problem-solving and organization skills, as well as attention to detail
- Familiarity with laws and regulations related to compensation
- Demonstrated ability to work independently while also being able to collaborate with others.
- Able to set priorities while working on multiple projects in a fast-paced environment.
- Strong business/financial knowledge; understands business strategy, maintains a fundamental understanding of our business, and connects it to our total rewards philosophy.
Compensation Analyst - California, United States - Bayside Solutions
Description
Compensation Analyst / Senior Compensation Analyst - (Temp)
W2 Contract
Salary Range: $124,800 - $145,600 per year
Location: Redwood City, CA - Remote Role
Job Summary:
As a Compensation Analyst, you will assist in developing and maintaining our compensation philosophy, strategy, practices, programs, and governance and guarantee that we attract, reward, and retain exceptionally qualified team members. In this role, you will combine the latest industry research with feedback from managers and team members to make large-scale, data-driven decisions that support our mission and core values. This role will make recommendations regarding cash and equity compensation and job leveling throughout the organization. In addition, you will guide internal partners on various compensation questions. You will be a crucial subject matter expert on our Human Resources team, and you will have the opportunity to collaborate with and learn from broader, experienced HR team members.
Duties and Responsibilities:
Requirements and Qualifications:
Desired Skills and Experience
Compensation Analyst, Analytical HR, Management consulting, Excel, PowerPoint
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