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Compensation Analyst I

Company: HireTalent
Location: Bowie
Posted on: July 30, 2022

Job Description:

Job title: Compensation Analyst I

Duration: 3 Months

Location: Bowie, MD

100% remote

The client is seeking a temporary mid-level Compensation Analyst to assist the Compensation team with writing job descriptions and conducting market pricing. This role will be primarily responsible for developing and revising job descriptions in alignment with the established job architecture.

Duties and Responsibilities:

Consults with Human Resources Business Partners and internal stakeholders to develop accurate job descriptions; ensures consensus on job descriptions through all applicable business units.

Conducts market pricing to ensure appropriate placement of roles within the salary structure.

Benchmarks compensation practices to external market and provide recommendations to ensure competitiveness.

Conducts analysis of jobs, hourly wages, salaries, and incentives in order to evaluate internal equity, external competitiveness, and legal compliance of the organization's pay practices.

Ensures compliance with all federal and state laws by monitoring and responding to compliance related needs such as review of pay incentives to assure adherence to DOL laws and regulations, exemption status in accordance with FLSA.

Researches and interprets compensation laws and applicable regulations and provides recommendations accordingly.

Provides guidance and direction to Business Leadership on complex compensation issues such as salary treatments, job leveling, salary planning activities, internal and external equity studies and job evaluations.

Counsels, communicates, and educates managers and staff on compensation policies and procedures.

Analyzes and provides recommendations to various system generated reports to review internal equity, similarly situated employees.

Performs complex mathematical computations and analysis as required; review and audit data for accuracy and ensure confidentiality of information as required.

Performs other duties as assigned.

Minimum four (4) years of related experience.

Experience writing/revising job descriptions required; experience with job description software preferred.

Possess excellent writing, grammar, and proofreading skills.

MarketPay experience preferred.

Strong working knowledge of legal perspectives on wages, pay equity and benefits.

In depth knowledge of EEO, DOL, FLSA, quantitative and qualitative compensation principles.

Ability to generate and analyze reports and spreadsheets i.e. identify and correct errors, evaluate and resolve compliance issues.

Advanced Microsoft Excel skills (VLOOKUPS, Pivot Tables, Chart creation and graphs) and proficient Word and Power Point skills.

Keywords: HireTalent, Bowie , Compensation Analyst I, Professions , Bowie, Maryland

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