This role uses a foundation in compensation and data analytics to advance Compensation initiatives and HR data insights. The Analyst will assist the Compensation Manager in developing, analyzing, implementing, and optimizing the organization’s global compensation programs. The Analyst will be responsible for compensation data and processes in Workday -- ensuring data accuracy, creating reports and dashboards, and configuring the system to meet business needs. The role also supports data-driven decision making across HR by conducting research and using analytics to communicate trends and business insights.
Main Duties and Responsibilities
General Compensation Support (40%)
Support the development, administration, and communication of the organization’s global compensation programs. Standard responsibilities include, but are not limited to, job evaluation, market pricing, developing/maintaining salary structures, and administering the annual compensation review process
Independently assist in the management of projects or processes such as survey participation and analysis, spot bonus recognition program, annual focal point compensation process, and internal promotions and salary adjustment cycles
Participate in compensation surveys. Compile and analyze survey data to provide recommendations regarding the competitiveness of compensation
Evaluate compensation for MSH positions to ensure external competitiveness and internal equity. Conducts cyclical pay reviews and analyses
Help to ensure proper job classification and compliance with regulatory statutes related to compensation practices
Provide guidance and recommendations to managers, HR Partners, and Talent Acquisition regarding compensation matters.
Provide training and communications support to improve the organization’s understanding of compensation
Compensation HRIS Data Management (25%)
Collaborate with the HRIS team to manage all compensation data and processes in Workday
Enhance the performance of Workday for the compensation function. Help to improve data accuracy, create reports and dashboards, develop business processes and configure the system to meet business needs
Implement changes and enhancements, troubleshoot, and perform systems testing
HR Data Analytics (30%)
Provide support to the HR function in the areas of people metrics, reporting, and analytics
Use data analysis to inform business decisions, operations, processes, or programs
Apply knowledge of people-related topics such as talent acquisition, performance, learning, talent development, diversity, compensation, and retention to help diagnose and identify HR challenges
Clearly communicate findings to all levels in the organization, verbally or via presentations, graphs, infographics, or other methods
Provide recommendations regarding HR metrics and reporting to enhance the organization's HR analytical capabilities
Other Duties (5%)
- Perform other duties as assigned.
Education
Required: Bachelor's degree
Experience
Required: 4 years of relevant HR experience, including at least 2 years of direct Compensation experience
Knowledge and Skills
- Working knowledge of compensation practices, principles, and regulatory topics. General knowledge of HR fundamentals as a discipline
- Proven track of working with Excel (formulas, pivot tables, charts, and lookups), preparing/analyzing data, and providing data insights. Experience with reporting and data analysis techniques
- Fundamental knowledge of statistics
- Experience developing dashboards and using data visualization tools preferred
- Experience with HRIS reporting and systems configuration, preferably using Workday
- Excellent oral and written communication skills. Demonstrated ability to explain technical information to employees at all levels
- Must have the flexibility to work hours to meet a global employee base.
- Excellent analytic ability with strong attention to detail
- Creative problem-solver
- Solid project management and coordination skills
Competencies
- Demonstrates a sense of urgency and a desire to constantly seek improvements.
- Ability to maintain strict confidentiality when communicating or handling sensitive employee information.
- Ability to prioritize and handle multiple activities at once
- Must be able to discover/anticipate issues or concerns that may arise.
- Demonstrates intellectual curiosity and the ability to proactively research, assess, and seek solutions to problems.
- Demonstrates sound judgment concerning the interpretation of company policies and procedures.