Compensation Analyst | Fort Worth, Texas

About the role

The Compensation Analyst actively participates in the development, implementation and administration of compensation programs that are impactful, aligned to company objectives across the United States, Canada, and Mexico. The Compensation Analyst conducts market pay analyses and benchmarks jobs against survey data to determine competitive compensation ranges for each position. The incumbent assesses job requirements and evaluates job worth to ensure the company is competitive in pay practices, compliant with federal, state, and local laws and in alignment with the company’s compensation philosophy. The Compensation Analyst will administer and maintain HRSoft Merit Planning, UKG Human Capital Management (HCM) in areas specific to compensation, and other compensation platforms and related databases, and participate in industry surveys. The Analyst uses analytical and quantitative techniques to prepare reports and ad hoc analyses of pay practices, and compensation actions such as hiring, promotions and internal equity studies for the HR team and the management system. This position reports to the Mgr., Compensation.

Responsibilities

• Actively participates in the design, analysis, administration, and communication of compensation programs
• Ensures all compensation practices are compliant with local, state, and federal laws within the United States, Mexico, and Canada regarding exemption status and pay equity
• Leads and builds the annual merit process with HRSoft compensation software
• Partners with HR staff and company managers by providing data analysis and answers to compensation-related questions and best practice solutions
• Uses knowledge of analytical and quantitative techniques to perform regular and ad hoc compensation analysis with recommendations for action if needed
• Conducts market compensation studies and analyses for new and existing positions to determine competitive compensation ranges for hiring, promoting and internal pay equity
• Reviews periodically, or as requested by HR or management, job requirements to analyze job worth and assign appropriate market benchmarks to determine baseline competitive pay; recommends corrective action or alternative actions to resolve issues or discrepancies
• Manages salary structure and benchmark maintenance in MarketPay software to ensure current and accurate data; performs updates to published compensation reports as necessary
• Participates in salary surveys including but not limited to Mercer and Willis Towers Watson; uploads results into MarketPay once available
• Manages annual migration for all market benchmarks within MarketPay; audits any changes made to benchmarks and provides summary reports to Mgr., Compensation
• Assigns competency codes and creates/updates job codes and job titles in the HRIS and notifies appropriate HR staff members of the changes

Requirements

• Bachelor’s Degree in related field (Human Resources, Finance, Business, Mathematics or Data Analytics) preferred; High School Diploma or GED required
• Two to four years of related compensation experience required

Qualifications

• Advanced Excel proficiency required
• Data analysis, data mining and statistical analysis as related to compensation and workforce data required
• Understanding of databases and data extraction helpful
• Practical knowledge and understanding of the compensation function, including administering base and incentive programs and building/maintaining salary structures
• Practical knowledge of human resource laws, regulations and best practices related to compensation
• Experience with MarketPay and/or other compensation and HRIS applications strongly preferred
• Excellent analytical, critical thinking, problem-solving and attention to detail, as well as the ability to self-manage projects with effective and professional customer service skills
• Ability to communicate effectively (written and verbal) at various levels within the organization
• Excellent verbal and written communication, presentation, and facilitation skills as well as interpersonal and consultative skills
• Ability to work in a fast-paced environment

Benefits

• Medical, Dental, Vision insurance
• 401(k)/Roth plan with matching
• Healthcare Savings Accounts
• Educational Assistance (Tuition Reimbursement)
• Ongoing training throughout employment with opportunities to participate in professional and personal development programs
• Strong focus on giving back to communities through philanthropic opportunities