Compensation Analyst

Overview

The Compensation Analyst provides research and analytical support to key stakeholders, including Human Resources, Finance, and Legal. The Analyst partners with internal and external stakeholders to prepare accurate, detailed analysis, calculations, and reporting, including analyzing for effectiveness of assigned programs and services. In this role, the Analyst manages the annual merit review cycle, including merit, bonus, and long-term incentives. Finally, the Analyst ensures the Company is compliant with applicable federal, state, and local wage laws, keeps abreast of current and anticipated policy changes, and updates key stakeholders.

ROLES AND RESPONSIBILITIES

• Ensures personnel records are accurately reflected in the HR System, including assisting in testing of Peoplesoft Upgrades and other system updates in PeopleSoft
• Manage the annual merit and bonus processes
• Manage long-term incentive (Red Lobster Performance Units) program to include the annual award, yearly vesting and biweekly updates
• Manage and execute reporting for statistical and comparative analysis for various Compensation programs
• Serve as the resource for the interpretation of federal, state and local laws related to compensation programs to ensure compliance including minimum wage updates
• Remain abreast of current and anticipated policy changes, provide updates to key stakeholders including Finance and Legal
• Provide salary recommendations through research and analysis. Interpret competitive market data to benchmark executive, salaried, and hourly positions
• Own the administration, coordination, and organization of various compensation programs, including offers of employment, promotions/demotions, and termination packages
• Develop, modify, and run queries and reports to generate data for Compensation planning
• Preparing statistical analysis, data modeling, cost analysis in support of Company financial objectives
• Conduct and participate in market surveys, e.g. CRTRA, BlackBox, BLS
• Maintain compensation related tables and data in HR Systems
• Provides interpretation and guidance to inquiries regarding Compensation plans and programs for all employees
• Influence and assist with implementation of new Compensation programs, new systems, and special projects as requested
• Fulfill ad hoc query, data modeling and reporting requests from Operations and HR Leadership
• Work with external partners to evaluate Compensation programs, processes, and systems to remain competitive and leverage best practices

REQUIRED SKILLS

• Very strong knowledge of Excel, Word, and Outlook
• Strong knowledge of HR Systems (PeopleSoft, Cornerstone, Kenexa)
• Very strong analytical and problem-solving skills
• Solid project management skills, ability to lead projects with assistance and produce accurate and timely work
• Excellent communication skills, both written and oral
• Strong analytical curiosity, organizational skills, and excellent follow through
• Proven facilitation skills

REQUIRED EDUCATION AND EXPERIENCE

• Bachelor's degree in Business, Human Resources, Finance, or related field
• Minimum two (2) years experience in Finance and/or Human Resources

OTHER QUALIFICATIONS

• Ability to handle sensitive information with confidentially
• Ability to work accurately with detailed information
• Ability to analyze and interpret statistical data
• Self-starter with demonstrated ability to manage multiple initiatives simultaneously
• Solid teamwork and interpersonal skills
• Demonstrated ability to act professionally with internal and external business contacts
• Demonstrated ability to communicate and function effectively within a complex corporate environment
• Ability to adapt to changing business environments, solve problems, and take advantage of improvement opportunities
• Sound judgment and decision-making abilities
• Professional curiosity and initiative to identify and present process improvement and growth opportunities
• Proven experience with analyzing, prioritizing, and solving problems effectively
• Ability to multi-task and prioritize tasks
• Ability to complete work under deadlines and in a fast-paced environment

PREFERRED SKILLS

• Solid understanding of compensation structures and methodology
• Familiarity with compensation surveys and pricing tools
• Familiarity with applicable federal, state, and local laws, e.g. FLSA
• Familiarity with EEOC classifications and standards

PREFERRED EDUCATION AND EXPERIENCE

• Advanced degree
• SHRM Certification
• Certified Compensation Professional (CCP) designation or working toward CCP designation