Lead Compensation Analyst

LyondellBasell (NYSE: LYB): As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated and most valued company in our industry. The company’s products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce.  The company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

Basic Function

As a member of our Global Compensation and Mobility team, you will evaluate and implement compensation plans, policies, and procedures to meet business objectives and competitive practices and provide leadership, guidance, and support in the area of compensation strategy, pay compliance and administration. This position will lead compensation activities for the US and Latin America Manufacturing sites and provide support for pay compliance and fairness processes at the global level. 

Roles & Responsibilities

Compensation:

• Monitor the effectiveness of existing compensation policies, guidelines, and procedures for the Americas Manufacturing sites. Recommend revisions to existing plans as well as develop new plans that are cost effective and consistent with compensation trends and corporate objectives
• Lead the union and non-union hourly rates process including annual market review of pay rates. Partner closely with HRMS to ensure pay updates are effective in the system in a timely manner
• Serve as a subject matter expert to Human Resources colleagues, management, and employees on Manufacturing compensation issues. Respond to questions and requests in a timely and professional manner.
• Maintain knowledge of compensation trends pertaining to pay rates, short-term incentives, allowances and other site-specific pay.
• Own and manage site specific compensation policies 
• Perform job evaluation and benchmark pricing requests using location and industry-specific competitive market data
• Participate in the annual bonus cycle to include coordination of scorecards, Leadership Team reviews, accruals, cost analysis, data validation and calculation of individual bonus outcomes
• Communicate new compensation plans and changes to existing plans by preparing announcement materials, booklets, and other media for management and Human Resources colleagues
• Maintain knowledge of global compensation laws and regulations to ensure compliance.
• Support special projects as needed

Pay Compliance and Transparency:

• Monitor pay compliance legislation in the US and Europe
• Work with the Legal team to assess data requirements necessary to comply with the EU Directive and US state reporting requirements
• Support the development of material for external reporting
• Prepare semi-annual pay equity analyses using Syndio tool
• Provide training to HRBPs on practices to support pay fairness
• Develop dashboards to monitor progress

Min. Qualifications

• Bachelor’s degree in Human Resources, Management, Finance or related field (required)
• A minimum of 5+ years of progressive experience in compensation (required)
• CCP Certification (preferred)
• Experience in Manufacturing environment (preferred)
• Strong analytical skills and advanced Microsoft Excel skills (required)
• Excellent written and verbal communication skills
• Ability to interface effectively with Human Resources colleagues and management
• Ability to work on multiple, diverse projects in a fast-paced environment

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Competencies

Build PartnershipsDeliver ResultsDrive InnovationGrow CapabilitiesPromote InclusionMotivational/Cultural FitTechnical Skills

 

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to champion our employees, and unlock value for customers, investors and society. LyondellBasell places high priority on diversity, equity and inclusion and is strongly committed to our planet, the communities where we operate and our future workforce.  As one of the world’s largest producers of polymers and a leader in polyolefin t