Sr. Compensation Analyst

Website NEFCO

Job Summary: NEFCO is seeking an experienced Sr. Compensation Analyst to manage our full range of compensation programs. You will design pay structures and incentive plans that allow the company to make effective compensation decisions that reward employee contributions and support career growth. As you build strong partnerships with leaders, hiring managers, and the recruiting department, you will craft compensation packages that help NEFCO recruit and retain top talent in competitive markets. If you are looking for a place where you can flex your expertise and analytical skills while showcasing your consultative and collaborative work style, we invite you to consider joining our dedicated Human Resources team focused on creating a best-in-class experience for all employees.

Job Duties:

  • Develops, implements, and administers the company compensation programs, policies and procedures.
  • Executes annual review of pay structures.
  • Monitors the effectiveness of existing compensation practices; recommends and implements changes consistent with company objectives and market conditions.
  • Participates in annual salary surveys; research survey data and provides accurate benchmarking.
  • Conducts timely evaluations of employee salary data and competitive market pay to identify trends, inconsistencies, or outliers, etc.
  • Provides strategic input to leaders and managers regarding pay decisions, policy, and guideline interpretations.
  • Participates in the development and maintenance of consistent job position descriptions and job position titles.
  • Aides in the evaluation of target acquisitions and creates glidepaths for compensation integration.
  • Leads the review of all sales incentive programs; builds compensation modeling for those programs and facilitates informational sessions for managers, talent acquisition consultants, HR business partners, and employees.
  • Produces ad hoc, weekly, and monthly standard compensation reports to the broader HR team and executive leadership team.
  • Conducts data audits and supports data integrity processes to ensure data accuracy and integrity in HR information systems.
  • Ensures compliance with federal, state, and local compensation laws and regulations; specifically adhering to FLSA standards.
  • Participate in ad hoc projects and analyses as needed.
Requirements

Qualifications:

  • Bachelor’s degree in Business, Finance or Human Resources.
  • 3-5 years of Human Resources experience, 1+ years within a compensation-specific role.
  • Progressive compensation and/or total rewards experience, inclusive of expertise in sales incentive plans, job evaluation and market analysis, base and incentive pay, and compensation program administration.
  • Sales and/or Distribution industry experience preferred.
  • Certified Compensation Professional (CCP) certification or completion of compensation certificate program preferred.
  • Subject matter expertise in market benchmarking, job leveling, defining pay ranges, commission plans, and variable pay programs.
  • Knowledge of human resources practices, laws, and regulations, specifically the Fair Labor Standards Act.
  • Strong analytical skills and ability to interpret and communicate data.
  • Excellent written and verbal communication skills, including the meeting facilitation and presentation skills.
  • Capability to lead without authority to build strong, consultative partnerships across the business; influence decisions about budgets and rewards; educate leaders and managers on compensation trends and processes.
  • Strong Microsoft Excel skills to develop and maintain spreadsheets and perform data analysis.
  • Familiarity with Paylocity is preferred.
  • Must be discreet and maintain the highest confidentiality with extremely sensitive data.

FLSA: Exempt

To apply for this job please visit recruiting.paylocity.com.