Sr Compensation Analyst

Company: Paychex
Location: High Point
Posted on: May 26, 2023

Job Description:

Overview

Responsible for the planning, coordinating, analysis and administration of compensation programs including job evaluation, salary administration guidance, and salary analysis to ensure the efficiency and effectiveness of the Compensation function.
Responsibilities

• Provides guidance to managers and supervisors in the administration and interpretation of salary administration policies. Assists managers/supervisors with processes and paperwork, explaining concepts, making recommendations on how to handle situations.
• Evaluates all new positions or reclassification requests for assigned division to determine appropriate salary, grade, FLSA status and title. Ensures the job description is measurable and an accurate reflection of duties. Conducts annual cost of labor and living analysis for assigned division to determine if positions are competitive in labor markets.
• Participates in the evaluation and analysis of executive and senior manager compensation, including equity award determination.
• Works with Compensation Manger or Senior Manager in the design and administration of short and long term incentive programs.
• Researches and analyzes Human Resources statistics in order to make recommendations for change or improvement.
• Conducts ad-hoc analysis to determine the effectiveness and appropriateness of compensation practices.
• Assists the Manager of Compensation with special compensation analysis and projects.
• Works with recruiting to develop job postings and salary offers. May participate in staffing management meetings with recruiting and management to determine future positions.
• Assists in development of annual salary programs, including fiscal year merit budget, salary structures and salary administration guidelines.
• Trains new and current compensation analysts on compensation duties to keep other team members current with new information.
• Keeps abreast of trends and changes in Human Resources legislation and makes recommendations for change to keep company practices in compliance with federal, state and local governmental agencies.
• Develops and conducts compensation training and communication programs for managers and supervisor (i.e. FLSA).
• Other duties as assigned.
• May lead or team with compensations analyst to perform annual or ongoing pay analysis to ensure internal and external equity.
  Qualifications
  
  
  • Bachelor's Degree in Human Resources, Business or related discipline
  • Project management experience.
  • 5 years of experience in Salary administration and job evaluation or equivalent combination of education and experience.

Keywords: Paychex, High Point , Sr Compensation Analyst, Professions , High Point, North Carolina