Compensation Analyst 1, 2 or Senior

Requisition ID: 17486

 

Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.

 

Why Work at SRP

At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.

 

SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:

 

• Pension Plan (at no cost to the employee)
• 401(k) plan with employer matching
• Available your first day: Medical, vision, dental, and life insurance
• Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)
• Parental leave (up to 4 weeks) and adoption assistance
• Wellness programs (including access to a recreation and fitness facility)
• Short and long-term disability plans
• Tuition assistance for both undergraduate and graduate programs
• 10 Employee Resource Groups for career development, community service, and networking

 

Summary

​The Compensation Analyst performs activities to develop, implement and administer compensation policies and programs. As a strategic partner with the business unit, they will advise and guide leadership to resolve problems, align pay with SRP’s compensation philosophy, and maintain a focus on pay equity across the organization. This position will be the resource for statutory requirements and recommend appropriate courses of action in order to protect the company and maintain focus on the employee value proposition as it relates to total rewards. 

What You'll Do

• Partner with assigned business unit on compensation related items such a salary administration, job descriptions, organization design and workforce needs. 
• Serve as the primary resource for salary administration across the organization. This includes but is not limited to salary structure design and maintenance, merit planning, pay recommendations, short term incentive awards, and workforce budget review. 
• Manage and maintain job descriptions for the organization. Audit and develop job descriptions reflecting responsibilities, duties, and requirements. Conduct job evaluations and determine FLSA exemption status, salary grade assignment, and job worth hierarchy that is within company and statutory guidelines. 
• Complete salary surveys, requests for information, and review best practice to support decisions and workforce dynamics. 
• Design and administer new programs and policies to support company objectives, culture and market dynamics, while maintaining a focus on regulatory and statutory guidelines.  
• Plan and manage internal projects from the initiation and development phase to delivery and completion. Effectively and accurately communicate status to project stakeholders and team.
• Utilize software programs, reporting tools, and databases to review and analyze compensation information which are used to administer SRP’s pay programs including the short term incentive program.  

What It Takes To Succeed

• Research, critical thinking and evaluation skills with the ability to reason through data findings and develop recommendations.
• Very strong analytical and problem-solving skills.