Compensation Analyst

Company: Diverse Lynx
Location: Richardson
Posted on: May 25, 2023

Job Description:

Job Description

Title: Compensation Business Partner/Analyst
Location: Richardson, TX (Onsite from day 1 with hybrid schedule. Look for local folks only)
Duration: 8 months ( Role may convert to permanent if the candidate is amenable)

Description:

• Looking for experience in non-sales, non-executive compensation.
• Familiar with managing surveys (Market, Salary, compensation ).
• Experience analyzing and utilizing the results of the surveys to determine market rate/market median/50th percentile.
• Helpful if the candidates have experience with Compensation Tools. (Client uses Pay Factors for compensation analysis, and has SAP and Oracle for HRIS source data).
• Looking for experience in broad base compensation (non-sales, non-executive compensation). Familiar with variable payment plans, incentive based plans and bonus calculations.
• Workers will be expected to work 1-2 days per week in the Richardson TX (days TBD and flexible based on candidate preference)
• Have experience reviewing job descriptions, and job matching roles to categories. Should understand terms like Benchmark, Comp-ratio, 50th Percentile, Min/Max of the salary range, Career Frameworks/ Job Leveling.
• Candidates should have a Bachelor's degree
  Candidates that have 4 years of experience in Compensation Analysis is ideal
• Strong Excel skills preferred and analytically minded
• Proficient in Power Point
• daptability to the environment and various data sources is important
  Job Purpose:
  
  Key role in providing both strategic and tactical support for total rewards management and administration. This includes providing insight on compensation trends and providing expertise relative to the development of business specific programs that have significant implications. Lead the design, implementation, communication and administration of competitive compensation programs, that align with the business strategy, goals and objectives of FNC. The role reports to the Head of Reward, Americas and requires an individual who is analytical, keenly focused on maintaining efficient processes, and an experienced project manager who can work across functions to execute key compensation change initiatives.
  Key Accountabilities
  • Manage the year-end pay review increase and incentive payment cycle.
  • Partner with HR, communications and systems colleagues to deliver processes to the HR community and the business
  • Evaluate and recommend changes to increase the effectiveness and competitive positioning of compensation practices, including base salary and annual bonus/incentive programs
  • Organize and oversee market total rewards analysis including participation in salary surveys, job evaluation, and analysis presentation
  • Help develop and reinforce total rewards philosophy across organization
  • Coordinate and contribute to incentive re-design processes
  • Deliver total rewards and compensation analysis providing insight and analysis on trends to drive more informed HR/business decisions; explain pay differences found and partner with other team members on approach to address concerns
  • Prepare analyses and presentations for leadership
  • Design and prepare ad hoc total rewards, compensation and budget related reports for management
  • Maintain global compensation job structures, providing HR Business Partners and line management with tools to support compensation decisions
  • Oversee documentation of job descriptions and creation of roles/titles
  • Provide expert knowledge to assist in the selection of third parties to provide best-of-breed HR solutions and services
  • ssist in developing new or modified HR work methods, approaches, or procedures for delivering effective HR solutions to clients Desired Experience & Knowledge
    • BA/BS degree in Business Administration, HR or related field required; MA/MS/MBA degree in Business Administration, HR or related field preferred
    • 4+ years of progressive Total Rewards, Compensation and/or HR/Finance experience and/or HR Consulting experience
    • Experience in incentive compensation program design and/or Reward integration resulting from M&A
    • Experience in managing Sales and Non-Sales Incentive programs
    • bility to design, implement and execute effective Reward processes
    • Technology experience preferred
    • Demonstrated experience consulting with senior leaders and HR partners required. Strong consultative skills and the ability to build solid relationships with the management team, HR team, cross-functional internal partners and external providers/vendors
    • Led as well as participated in projects requiring analytical review and critical thinking. Excellent project management skills
    • Exceptional Analytical skills
    • Has experience conducting research and participating in salary surveys on HR and vendor survey systems
    • Experience in job evaluation and role frameworks
    • bility to work independently and be proactive in a high performance environment, possess a strong sense of ownership and accountability
    • Experience in designing Recognition programs preferred
    • Strong Microsoft Office, especially PowerPoint and Excel skills (Advanced Level) Other Skills & Qualifications:
      Detail-oriented. Networking, Persuasion, Research, Writing, Presentation Skills, Energy Level, Professionalism, Client Service skills required. Effective communication skills, orally and in written form to a variety of audiences. Excellent multi-tasking abilities. Oracle Fusion knowledge a plus
      
      Diverse Lynx LLC is an Equal Employment Opportunity employer. All qualified applicants will receive due consideration for employment without any discrimination. All applicants will be evaluated solely on the basis of their ability, competence and their proven capability to perform the functions outlined in the corresponding role. We promote and support a diverse workforce across all levels in the company.

Keywords: Diverse Lynx, Richardson , Compensation Analyst, Professions , Richardson, Texas