Compensation Analyst
First Tech Federal Credit Union · Blue Bell, PA · Yesterday
On-siteHuman ResourcesFull-time
Duties And Responsibilities
- Serve as an internal consultant to Corporate and Field HR professionals with regard to base wages, short-term variable, and long-term variable compensation (incentive) administration, and compliance support
- Aid with questions related to pay program guidelines and procedures
- Maintain internal and external compensation data, including data housed on BrightView networks and within third party partners/software such as Fidelity, CaptivateIQ, Workday, and Salary.com
- Participate in third party compensation surveys, including data gathering, submission, and analysis of results
- Contribute to the development of internal compensation training materials for team members and management
- Perform other compensation-related duties/projects as assigned/required
Short Term Incentive Plans (Variable Compensation)
- Administer and support Short-Term Incentive programs (Bonus and Commission) including calculations, payment coordination, audit support, and general inquiries
- Analyze the impact of the company's financial performance on the incentive award programs, including coordinating with the Accounting and Finance Departments to ensure accruals and financial metrics data are accurate
- Partner with Compensation Leadership and Compliance to maintain and publish incentive plans and other compensation-related documentation
Long Term Incentive Plans (Equity Administration)
- Assist in administration of Long-Term Incentive Plan (LTIP/Equity) – including data integrity, reporting, reconciliations with Finance, and proxy support
- Manage the Employee Stock Purchase Plan (ESPP) – including communication, enrollment, benefit contribution coordination, and purchase
Base Compensation
- Administer the company’s salary structures, including position system design, job leveling, benchmarking, and assigning jobs to proper pay grades
- Support annual merit increase process
- Perform job analysis evaluations, including FLSA determination for hourly and salaried positions
- Own job creation and maintenance processes, including system design, communications, audits, and job descriptions
- Perform people/rewards data analytics, including overtime, tenure, wage inflation trends, and incentive ROIs