Senior Compensation Analyst

Req ID: 436018 

 

Benefits:* Fuel Your Growth with Love's - company funded tuition assistance program * Paid Time Off * Flexible Scheduling * 401(k) – 100% Match up to 5% * Medical/Dental/Vision Insurance after 30 days * Competitive Pay * Career Development * Hiring Immediately * Hybrid work schedule (option to work from home / work remotely 2 days each week)

 

*This position has a flexible/hybrid work schedule: 3 workdays will be onsite at the OKC office and 2 workdays can be remote*

 

BASIC PURPOSE: The compensation analyst assists with planning, developing, and implementing new and revised compensation programs, policies and procedures in order to be responsive to the company’s goals and competitive pay practices.  This position is an integral part of a highly collaborative team and requires applicants who are able to communicate effectively with people of all job levels and personalities.

 

MAJOR RESPONSIBILITIES:

• Administers compensation programs for a growing workforce for various compensation programs and other incentive programs
• Acts as an internal consultant for the business, providing guidance in the area of Compensation, including competitive pay strategies, salary increase practices, bonus structures and pay for performance plans, promotion, and total compensation approaches
• Conducts benchmarking of internal jobs to assign pay grades/bands and to assign bonus and long-term incentive targets while ensuring internal alignment and consistency across departments and divisions
• Participates in third-party surveys to further validate pay grade placement and to also help the company stay abreast on best pay practices/trends
• Assigns appropriate job titles and job levels to standardize titles across the company and develop career path opportunities for employees
• Conducts advanced statistical analysis around pay grades, annual merit budgets, incentives targets, and wage compression, and can prepare executive-level reports that visually highlight key data insights that facilitate business operations and enable business leaders to make better decisions in their functional areas
• Performs audits of HRIS system compensation objects to ensure jobs are assigned correct pay grades and incentive targets; works with HRIS to develop business rules and other processes to streamline collaboration between HR functions
• Develops communications materials regarding annual compensation budgets, changes in compensation policies or practices, incentive plan schedules, processes and results
• Develops training materials, quick reference guides, and other communication materials; may be required to facilitate training as needed to supervisors and managers across corporate and field offices
• Works closely with HR business partners, business leaders, business intelligence, finance, and compensation vendors to execute compensation program design changes, as needed, to ensure alignment with company operational goals and future growth plans
• Keeps apprised of federal, state and local compensation laws and regulations in order to ensure company compliance
• Works closely with HR business partners and senior leaders to ensure FLSA compliance and equitable pay practices across corporate and field retail operations
• Performs other duties as assigned

 

EDUCATION AND EXPERIENCE:

• Education:
  • A bachelor's degree in a field such as human resources, business administration or finance is preferred
• Experience:
  • Previous relevant work experience in compensation administration of 5+ years is strongly preferred.
  • Previous work experience using Success Factors compensation module preferred
  • Experience with external market analysis and thorough understanding of market data interpretation
  • Experience with Success Factors compensation module is preferred
  • Experience in compensation plan design and delivery strategies in a retail or customer facing environment preferred
  • A Certified