Senior, Compensation Analyst

#WeAreONEOK – Fortune 500 company. 100+ years in business. Leading midstream service provider. Safety first. Sustainable operations. Environmentally responsible. Employee focused.

JOB SUMMARY

This position is hybrid to our corporate office in Tulsa, OK.

Job Profile Summary

Help to ensure our compensation strategies are competitive, equitable, and aligned with our business objectives.  Perform advanced compensation activities, such as developing recommendations, researching legal requirements, analyzing and interpreting external market data, developing compensation structures, preparing and delivering training materials, administering compensation programs, configuring and testing compensation systems all to support our talent management initiatives.

Essential Functions and Responsibilities

• Help design, implement, and manage compensation programs, including base pay, variable pay, and incentive plans, to attract, retain and engage talent.

•  Identify and participate in external compensation and benefit surveys; work with leader and team to analyze survey results, develop recommendations and present information to executive leadership.

•  Conduct comprehensive analyses of compensation data to ensure competitiveness and alignment with market trends and internal equity.

•  Perform various research and analyses to determine market competitiveness of compensation programs and to ensure compliance with current legal regulations. Work with leader to prepare related recommendations for change.

•  Partner with HR Business Partners and company leaders to understand their compensation needs and provide expert guidance and support.  

• Develop and maintain job descriptions, job evaluations, and salary structures to ensure consistency and fairness across the organization.

• Review existing (Fair Labor Standards Act (FLSA)) and other regulatory changes and industry best practices in compensation and recommend policy and process enhancements as needed.

•  Respond to requests for incentive and salary adjustments, job description review and revision and company benefit plans from employees, supervisors, industry peers, consultants and others.

• Assist with routine review and/or development of compensation training and communications materials. Deliver training and/or coordinate discussions with leaders as requested.

• Establish and maintain working relationships and actively participate in local, industry and national compensation groups. Identify potential roundtable discussion topics, gather internal data and share results as needed.

• Ensure incentive plans are executed based on established plan documents and work with legal to review and revise as needed.

• Collaborate with finance and accounting to ensure accurate budgeting and forecasting of compensation.

• Understand compensation systems and processes and assume responsibility for the following:

• Drive recommendations for enhancements to current systems (i.e. Workday, MarketPay and JDXpert)

• Review configuration changes, both required by system administrator and to enhance current functionality.

•  Establish testing plans and coordinate efforts with team members and HRIS.

• Review potential new tools to determine potential for value add to the company and make recommendation to leader.

• Support Total Rewards functions in a variety of projects and initiatives.

• Provide guidance and direction to other team members.

Education

• Bachelor's Degree in human resources, business administration, finance, related discipline or a combination of formal education and the following job-related experience.

Work Experience

• This role typically requires five or more years of direct compensation experience required.

• Experience using and configuring Workday, MarketPay and/or JDXpert is strongly preferred.

• Advanced knowledge and utilization of Excel is required.

Knowledge, Skills and Abilities

• Knowledge of: applicable Federal, State and local laws and regulations.

• Knowledge of: compensation systems, i.e. Human Capital Management (HCM) systems, job description and survey analysis tools.

• Knowledge of: general statistical principles.

• Knowledge of: applicable human resource program management principles, practices, methods and procedures.

• Knowledge of: basic budgeting principles.

• Skills in: developing and assessing compensation programs.

• Skills in: maintaining confidentiality.

• Skills in: interpreting human resource policies and proced