TheCompensation Analystwill work as a member of the Total Rewards team to provide overall support in the design and administration of GardaWorld’s compensation programs. This position will prepare and work with the Vice President Total Rewards to develop compensation structures, salary scales, that ensure the fair, equitable administration of a competitive compensation program. Additionally, this position will provide input / recommendations to continuous improvement initiatives and be accountable for maintenance of job descriptions and evaluate jobs.
Duties/Responsibilities:
Compensation Program Administration
- Supports the overall fair and equitable administration of GardaWorld’s compensation programs
- Works with business leaders, HR colleagues and Talent Acquisition to advise on GardaWorld’s compensation philosophy and established policies, procedures
- Prepares new hire compensation recommendations for approval by the Vice President Total Rewards
- Supports administration of the Annual Merit Increase (AMI) cycle
- Contributes to the development of compensation-related policy and procedures
- Works with the Vice President Total Rewards to ensure compliance with FLSA and applicable compensation-relation rules, regulations
- Collaborates with HR colleagues to drive consistency across policies, practices, and methodologies
- Ensures accuracy and completeness of compensation-related documentation, including retention
- Builds and maintains effective relationships with key stakeholders
- Exercises discretion in managing correspondence, information and all matters of confidentiality related to compensation, escalating to the Vice President Total Rewards as needed
Market Analysis
- Conducts ongoing industry and competitive analyses to obtain insights and make recommendations
- Participates in market surveys including preparation and submission of all required data elements i.e., benchmarking, salaries, compensation policies/practices
- Conducts in-depth analysis of market data from multiple sources
- Prepares salary scales for approval and implementation by the Vice President Total Rewards across offices
- Analyzes the feasibility and potential impact of new initiatives, process improvements, related solutions.
Job Classification
- Prepares and maintains job descriptions position in the organization, ensuring current accountabilities reflect work performed by employees
- Researches, evaluates, and recommends job grades for current and/or new positions
- Reviews requests for salary and/or job changes
- Maintains company's job architecture and educates stakeholders on job classification, market benchmarking and salary ranges
- Review proposed compensation adjustments and changes to jobs, providing recommendations to the Vice President Total Rewards for approval.
Reporting
- Tracks and monitors compensation related trends, metrics
- Prepares data inputs for monthly and quarterly reporting on various compensation-related activities
- Ensure integrity of compensation-related data across multiple systems/sources
Special Skills, Knowledge & Abilities:
- Advanced proficiency in Excel and PowerPoint required
- Proven ability to analyze complex data from multiple sources
- Strong analytical and data manipulation skills
- Strong attention to detail
- Strong analytical, organizational and project management skills
- Experience in creating and maintaining facets of a job architecture structure
- Strong interpersonal and written/verbal communication skills with the ability to interact with various levels of the organization
- Proficient working knowledge of current compensation practices and trends
Minimum Qualifications
- Bachelor's degree in Human Resources, Business Administration, or another related field
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