Compensation Analyst (Remote)

Company: Purpose Financial
Location: Cincinnati
Posted on: June 25, 2022

Job Description:

The Compensation Analyst provides technical expertise with regard to compensation-related programs and initiatives. Actively manages and implements projects related to compensation and other areas of human resources. Participates in surveys and analyzes resulting market data. Develops, recommends and writes compensation program policies and procedures. Conducts job evaluations and makes recommendations to leaders. Works collaboratively with multiple teams throughout the organization in supporting the mission and values of the organization. Leads meetings as needed and will conduct training and presentations for small as well as large groups of leaders and/or associates. JOB RESPONSIBILITIES

• Administer incentive compensation plans, in partnership with key stakeholders, to ensure accurate and timely bonus calculations and payouts
• Recommend new hire salary offers and pay rate changes for promotions/transfers/salary adjustments, based on internal peer positioning and market analysis, for staff and when needed, contingent workforce
• Collaborate on internal and external research and analysis (e.g. position evaluations, reclassification evaluations, and exempt and non-exempt determinations) and advise management on pay decisions, job evaluations/classifications and all compensation guidelines, policies and procedures
• Work collaboratively with others on identified role(s) in need of a compensation analysis
• Lead in the participation of external compensation/salary surveys
• Research and analyze published compensation surveys and sources to gather data and determine organization's competitive position. Benchmark jobs against survey data and other market research to determine competitive compensation ranges for identified positions, in alignment with our organization's compensation philosophy.
• Assist with the planning, designing, and implementation of compensation programs, including structure design, market forecasting and large-scale job and/or salary changes based on job markets, organization or division business models, re-engineering and development programs, as appropriate.
• Gather research on best practices to support the design and implementation of programs
• Conduct job evaluations. Reviews new or revised job descriptions for appropriate content. Determines salary grade assignment and FLSA status of job.
• Interpret federal and state acts, statutes and regulations on compensation issues and recommend appropriate application.
• Assist in the development of communication and training to support human resources and compensation program and objectives. Deliver training and/or presentations as required.
• Support major human resources initiatives by providing professional and technical expertise, as required.
• Assist in developing and providing business reports/metrics supporting compensation and human resources programs.
• Deliver timely and quality customer service to employee and managerial compensation inquiriesEquivalent Education Level Required: Bachelor's Degree in Human Resources, Business Administration, Finance, or Statistics. PHR or CCP certification preferred. Experience Required: Minimum 2 years of compensation related experience required (HR experience preferred). High degree of proficiency MS Office Suite, Outlook & internet applications, HRIS reporting (SuccessFactors a plus).
  Knowledge Required: Knowledge of the principles, methods, strategies and techniques of compensation administration. Working knowledge of and ability to interpret Federal, State, and Local rules and regulations related to Human Resources, Fair Labor Standards, and Compensation. Communication, Problem Solving skills, Data analysis, Data visualization skills, Project Management Skills, and Stakeholder Relationship skills. Working knowledge of and ability to interpret Federal, State, and Local rules and regulations related to Human Resources, Fair Labor Standards, and Compensation.

Keywords: Purpose Financial, Cincinnati , Compensation Analyst (Remote), Professions , Cincinnati, Ohio