Compensation Analyst II

Position Summary

Essential Job Duties and Responsibilities

• Performs compensation, job and/or associate data analyzes and provides guidance to company management and/or HR Business Partners that is affordable, internally equitable, externally competitive, and in alignment with business objectives.
• Assists in the administration of annual merit and pay-for-performance programs; prepares and analyzes recommendations for merit matrices; drafts related communication materials.
• Assists in the administration of annual short-term incentive programs; analyzes current state and prepare recommendations for harmonization and standardization.
• Analyzes and ensures data integrity within benchmarking applications including MarketPay and ERI; leads automation and continuous process improvement for benchmarking activities within those applications.
• Leads participation in third-party compensation surveys.
• Analyzes internal and external compensation trends to ensure competitive pay practices.
• Prepares budget impact analysis, projections and recommendations for salary administration programs and assesses associate level impact.
• Maintains company job descriptions; provides coaching where needed in the development of job descriptions.
• Prepares recurring & ad hoc compensation reports & presentations.
• Analyzes current compensation programs & practices to ensure compliance with federal, state & local regulations.
• Participates in Benefits related activities and projects where additional resources may be required (i.e. Open Enrollment).
• Participates in and/or lead special projects as assigned.

Job Qualifications

• Bachelor’s degree in a related field (e.g., Human Resources, Business, Finance, etc.) coupled with a CCP certification, and at least 2 years of applicable experience is preferred. Applicable experience preferably includes:
• Demonstrated ability to uphold confidentiality and work with sensitive job and pay-related data.
• Experience working with market pricing software, preferably MarketPay or Payscale.
• Experience with participating in annual third-party salary surveys (Mercer, Willis Towers Watson, etc.).
• Experience working with HRIS systems, maintenance of key compensation data and the extraction of data (ADP, Workday, etc.).
• Experience with the administration of an annual merit cycle using compensation planning software.
• Experience with variable incentive plan concepts, design, and administration preferred.
• Strong analytical and logical thinking skills with strong attention to detail & accuracy.
• Intermediate-level MS-Excel skills & proficiency with Word, PowerPoint & Co-Pilot
• Self-starter with the ability to work independently with little supervision.
• Demonstrated strong planning, organizational and project leadership skills.
• Dedication to providing excellent & timely customer service.
• Work Environment (Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.):
• Long periods of time working on a computer and performing key-boarding activities.
• Physical Demands (Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.):
• While performing the duties of this job, the employee is regularly required to talk and hear. The employee frequently is required to sit. The employee is occasionally required to stand and walk. The employee may be required to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

Travel Requirements

• Up to 10%

Additional Locations

• Belmont, NC, USA; CHARLOTTE, NC, USA

Bonus Eligibility

Vallen Benefits

• Medical, Dental & Vision Insurance for Single, Employee + Spouse or Children & Family Coverage
• 401K with discretionary company match of $.50 on the $1.00 up to 6% of pay - (US positions only)
• Employer-paid Basic Life Insurance for Employee, Spouse, and Dependents
• Employer-paid Short Term & Long Term Disability Benefits and Parental Leave (and any leave required under federal, state and local laws)
• Health Care and Dependent Care Flexible Spending Accounts
• Paid Time Off (Vacation & Sick Days) - 80-160 hours of vacation time based on seniority, accrued each month and pro-rated from date of hire. 40-56 hours of sick time per year based on seniority and advanced upon hire.
• Paid Time Off (Holidays) 8 Scheduled Holidays plus 2 Floating Holidays
• Employee Assistance Program
• Employee Resource Groups for networking and team building
• Tuition Reimbursement Program
• Employee Referral Program
• Safety Shoe and Safety Glasses reimbursement (based on position)
• Employee Discounts through BenefitHub
• Advancement Opportunities