Spectrum Brands Middleton , WI 53562
Spectrum Brands utilizes a Shared Services model that enables resources to be leveraged across the organization. The Shared Services team is made up of information technology, human resources, indirect sourcing, finance & accounting professionals that support all business units. Shared services teams are headquartered in Middleton, Wisconsin but have members across the country.
The Compensation Analyst provides compensation expertise by advising and directly supporting Human Resources team members in providing compensation solutions covering a wide range of pay programs including job structure and salary range development, base pay administration, and pay guidance. This position serves as a collaborative team-member in the design, development, and implementation of corporate-wide compensation programs, practices, policies and procedures that are competitive, cost-effective, and equitable. Leads projects and initiatives impacting pay plans and policies and coordinates and collaborates with cross-functional teams in the development and implementation. In addition, this role will conduct Compensation related research to support, recommend, and implement changes as well as to act as a subject matter expert in support of continuous improvement activities.
Primary Duties & Responsibilities
Responsible for managing the overall administration and coordination of the company's Incentive plans, including the analysis and maintenance of the plans. Creates and owns the reports, data and analysis used to effectively evaluate the performance of the plans.
Creates and maintains plan documents including the preparation and distribution of various employee letters and statements.
Establishes credibility and influence by coordinating with team and division Leaders, Finance, Legal and Human Resources to ensure accurate processing and reporting of employee's incentive transactions.
Provides timely assistance and guidance to Human Resources Business Partners regarding incentive compensation analysis, program design, legal compliance, and incentive compensation issues. Will act as a subject matter expert in determining impact of plan changes.
Work closely with HRIS/Payroll team to maintain current and accurate incentive and employee information.
Maintain SOX and internal policy compliance as it pertains to incentive plan administration. Regularly reviews incentive payments reports for accuracy and completeness.
Conducts job analysis efforts to include recommending new and revised job descriptions by utilizing current job evaluation/market pricing methodology and applying Fair Labor Standards Act guidelines.
Supports Spectrum Brands Inc. overall compensation programs. Responsible for coordinating, administering and monitoring compensation programs (base and variable pay programs) to ensure alignment and support of compensation philosophy.
Ability to conduct research for salary surveys, job descriptions and compensation reviews to include special compensation analysis used to determine competitiveness and appropriateness of job classifications, auditing compensation for individuals and job groups and salary levels to ensure compliance with applicable laws.
Conducts market analysis of jobs by reviewing the scope of responsibilities and matching appropriately to comparable survey data.
Reviews salary actions for conformance to established guidelines and follows-up with managers as appropriate responding to questions from other HR staff and managers related to wage & hour issues.
Participates in and supports continuous improvement activities, including training, coaching and sharing of current processes and best practices.
Document and enhance programs, procedures, policies and controls.
Education and Experience Profile
Sound knowledge of laws and regulations related to HR, specifically DOL, FLSA, EEO.
Proficiency in Microsoft Excel
Attentive to detail and follow-up; deadline oriented; very strong ability to prioritize and multi-task
Ability to work effectively with employees at remote sites and/or virtual teams.
Ability to maintain the high confidential nature and sensitivity to uphold human resources ethical standards.
Working conditions are normal for an office environment.
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this job/classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.