Sr Compensation Analyst

Job Description:

About Wealth Enhancement Group

Wealth Enhancement Group is an independent wealth management firm offering comprehensive and customized financial planning and investment management services. Founded in 1997, we now have over 83 offices nationwide and are rapidly expanding through organic growth and acquisition.

We have an exciting opportunity for a Sr Compensation Analyst. The Sr Compensation Analyst will develop and implement compensation programs, pay levels and incentive packages for our organization. This role works to determine salary requirements and perform regular market surveys / job analysis to determine if compensation programs are up to date and competitive. Compensation programs include base salary, bonus and equity incentives as components to employee's total compensation package.

The salary target for this role is $115,000 - $125,000/year + bonus opportunity.

We select our initial compensation target using national compensation survey data. When we make an offer, we then factor in things like tenure, performance and geographic location to come up with the most accurate numbers. We encourage you to apply and provide us with your compensation expectations when you do. We're big on open conversations, so, let's have one.

Primary Job Functions

Develop & design compensation programs for job categories in the company

Develop a program reflective of the company

Prepare job descriptions and map to compensation ranges

Research pay levels to update existing compensation ranges

Ensure compensation plans are in alignment with labor legislation

Recommend improvements to compensation plans and pay levels

Maintain the bonus plan program by role / level

Develop & design the Corporate Bonus Programs to reflect market and company goals

Manage the bonus programs in Workday / Excel

Establish data structure for ongoing modeling and reporting

Implement compensation & bonus programs within the company

Set up programs and analytics in Workday and PayFactors

Analyze compensation data to identify potential issues and ensure equitability

Educate and train managers on how to have compensation conversations

Work with HR to determine / recommend individual compensation plans

Liaise with Equity Management to understand equity/equity incentive components of total compensation

Understand the equity/equity incentive programs as it relates to total compensation; partner with Equity Management to establish recommendations for programs' participation

Analyze and provide feedback as appropriate; establish data structure for ongoing modeling and reporting

Consult with internal management and external resources to benchmark plans to market

Work with internal management to consult on new positions, department compensation analyses, or other compensation-related questions

Work with external firms to map roles; assist with analysis as needed

Education/Qualifications

• Bachelor's degree; business, finance, economics or related

• 7+ years' experience as a compensation analyst / consultant

• Knowledge of market statistics and salary scales, payroll procedures, labor legislation, and pay rate research

• Experience with complex compensation structures; and bonus and equity incentive programs

• Excellent documentation skills when developing comp grids; ranges and analysis

• Proven communication skills when working with leaders at all levels

• Excels in developing analytical presentations that drive action; proven PPT, Excel and related software experience

• Familiarity with Workday, PayFactors or other online compensation systems

Comprehensive Benefits Offerings

Our benefits aim to balance four key elements that make life and work meaningful: health and wellness, financial well-being, professional development and work/life harmony. You may participate in the following benefits & development opportunities:

• Training and professional development

• Medical and dental coverage

• 401k - with match and profit sharing

• Health care spending and savings accounts

• Dependent care spending account

• Vision coverage

• Wellness programs and resources

• Life insurance - employer paid

• Short-term and long-term disability - employer paid

• Paid Time Off

• 10 paid holidays each year

• Paid parental leave

• Tuition reimbursement

IND123

Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700

Information provided on this application will be kept confidential and only be shared with those involved in the selection process.

Equal Opportunity Employer, including disabled and veterans. This organization participates in E-Verify.

Click the following link to view Federal and E-Verify posters: Link