We are seeking a skilled Compensation Analyst to join our team on a project assignment aimed at delivering a comprehensive job architecture for Company. This role requires an individual with a keen analytical mindset, exceptional attention to detail, and a deep understanding of compensation principles and methodologies.
The successful candidate will play a crucial role in gathering, analyzing, and interpreting compensation processes and data to support the development of the job architecture framework.
Key Accountabilities:
Data Collection and Analysis:
- Collect, organize, and analyze compensation data from various sources including internal databases, market surveys, and industry reports.
- Conduct thorough analysis to identify trends, patterns, and insights related to job roles, responsibilities, and compensation structures.
Job Evaluation and Benchmarking:
- Evaluate existing job roles within the organization to determine their relative value and placement within the new job architecture.
- Benchmark job roles against external market data to ensure competitiveness and alignment with industry standards.
Compensation Modeling:
- Utilize compensation modeling techniques to develop new salary structures, pay bands, and incentive programs within the job architecture framework.
- Collaborate with stakeholders to validate and refine compensation models based on organizational objectives and budgetary constraints.
Documentation and Communication:
- Document findings, methodologies, and recommendations in clear and concise reports and presentations.
- Communicate insights and recommendations to key stakeholders including HR, senior management, and other relevant teams.
Qualifications:
- Compensation experience in the manufacturing industry with a large hourly production workforce
- Associates degree or above in Business Administration, Finance/Accounting, or Human Resources and/or equivalent of 8 years of experience in the HR or Finance field.
- At least 5+ years' experience in compensation specialist
- Strong analytical skills: ability to manipulate and interpret data and be able to arrive at conclusions which balance data findings and workforce strategies.
- Ability to team and partner: Be able to work with a cross section of internal customer groups to interpret requirements, quickly source information and data to meet those needs and provide direction.
- Communication skills: Ability to translate and communicate many technical compensation plans; translate trends; communicate strategies and principles; interpret current practices and explain how they align with strategies and principles.
- Detailed data management acumen: Ability to accurately and accountably manage and organize complex data utilizing data analysis tools
- Ability to manage PeopleSoft data organization and analysis.
- Demonstrated Process Improvement: Ability to build thoughtful improvement through excellent problem-solving skills, root cause analysis, strong process orientation, and improvement planning of future compensation plans and strategies
COMPENSATION AND BENEFITS
Hourly contract rate range of $40.00 to $48.00 based on experience and qualifications, as well as geographical market and business considerations.
Your well-being is important to Wimmer Solutions. All regular, full-time employees working a minimum of 30 hours per week are eligible to participate in the benefits plan. Outside of offering excellent medical, dental, and vision benefits, we also offer the following:
- Paid time off and holidays
- 401k & company match
- Flexible Health Care, Dependent Care, and Commuter Spending Accounts
- Employee Assistance Program
- Life & Accidental Death and Dismemberment Insurance
- Short and Long-Term Disability
- Payroll advance program, Charitable donation match, Athletic event sponsorship,
- Referral reward program, and more…
MORE ABOUT WIMMER SOLUTIONS
Wimmer Solutions is proud to be an equal-opportunity employer. All applicants will be considered for employment regardless of race, color, religion or belief, age, gender identity, sexual orientation, national origin, parental status, veteran, or disability status. Wimmer Solutions is committed to achieving a diverse employee network through all aspects of the hiring process and we welcome all applicants.