Position: Compensation Analyst Job Description: The Compensation Analyst will implement and maintain compensation plans and programs that attract and retain talent, drive business results, and reward employees consistent with the organization's overall strategy. This individual will prepare reports, perform research, analysis and job evaluations; prepare analyses related to incentive plan design and will assist with annual processes such as merit, bonus and stock equity. The Compensation Analyst is member of the human resources organization and is responsible for providing compensation related support and analysis to the enterprise. Core Responsibilities & Duties:
Prepare statistical analysis, metrics, and data modeling for various compensation structures and programs
Deliver day-to-day compensation activities such as job evaluation, pay administration, ad-hoc requests, and short-term projects
Partner with HR business partners, Talent Acquisition, business leaders, and other internal stakeholders’ on pay decisions, policy and guideline interpretation, and job evaluation
Perform external benchmarking/job evaluations, prepare analysis and presentations to client groups
Actively participate in the collaborative design and implementation of variable compensation plans
Assist in the administration of the annual processes, including salary, equity, and short-term incentive components
Assist with the development of processes that align with desired configurations in HR technology (Oracle)
Administer out-of-cycle compensation reviews as required
Assist in the development and planning of organization-wide compensation programs and policies
Assist the HR Business Partners in developing salary recommendations for internal promotions, market adjustments, and internal transfers
Review incoming job descriptions for consistency and adherence to guidelines
Work with leadership to educate employees on all areas of compensation, including market analysis, administration, policy interpretation, and internal equity
Make cohesive recommendations to drive process improvements in order to advance compensation workflows and program delivery
Perform various research and analyses to determine market competitiveness of compensation programs or to ensure compliance with current legal regulations
Manage compliance with applicable regulatory requirements regarding employee pay while staying up to date on current related legislation
Establish and maintain a deep understanding of the overall business and how competitive compensation programs enable the execution of the company priorities
Works on various special projects, and performs other duties as assigned
Qualifications & Skills:
Experience in compensation analysis, job evaluation, and/or salary administration
Strong mathematical aptitude; strong analytical and problem-solving skills
Advanced Excel skills including VLOOKUPs, pivot tables, and other complex formulas
Experience with Oracle HCM Cloud and relevant modules
Strong interpersonal and communication skills and the ability to interact positively with internal customers
Ability to make decisions and operate independently with respect to complex issues and business requirements
Ability to act in a professional manner and use appropriate judgment on sensitive, confidential issues
Undergraduate degree in Business, Finance, Human Resources, or other relevant area preferred
Experience using data visualization tools, such as Microsoft PowerBI and Tableau
Ideal candidate will possess a “can do” attitude with a “will do” work ethic
Interpersonal skills necessary to build effective working relationships with employees at all levels of the organization
Strong organization, prioritization, project management and consulting skill set
Excellent communication and problem-solving skills
Forward Air is an Equal Opportunity employer.
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