Compensation Analyst

Company: Disability Solutions
Location: Boston
Posted on: September 19, 2023

Job Description:

About the Job
The Compensation Analyst is an integral part of the Rewards, Analytics, and Development (RAD) Team. The role is responsible for providing analytical and professional level support with a focus on planning, developing, and administering compensation programs, policies, and procedures. This team member is responsible for maintaining pay structures, conducting market pricing, completing market surveys, and analyzing compensation data. As a member of the broader RAD Team, this individual partners with Talent Acquisition in the candidate offer process, and with HR Operations for data to complete proper evaluation.
Key Responsibilities

• Contribute to the design, implementation, and management of company-wide compensation initiatives such as annual compensation planning cycle, market impact analysis, production of annual total rewards statements, and other projects as needed.
  
• Manage and maintain FMI's compensation data management tool (PayFactors), including owning market data and the monthly refresh of employee census data.
  
• Partner and provide guidance to People Strategy Leaders (PSLs) and People Business Partners (PBPs) on compensation related matters.
  
• Provide the first tier of internal and market compensation data analysis and respond to questions regarding compensation administration.
  
• Complete job evaluations using market pricing and internal equity methodology.
  
• Ensure compliance with Fair Labor Standards Act (FLSA) regulations, while reviewing and analyzing compensation practices to maintain adherence to legal requirements.--
  
• Maintain monthly reporting to be used in monitoring company-wide salary administration budget allocation and usage.
  
• Complete salary survey submissions utilizing reporting from Oracle and job matches from Payfactors.
  
• Other tasks to support Total Rewards and Human Resources as assigned.
  Qualifications
  Basic Qualifications
  
  • Bachelor's Degree.
    
  • 2+ years of relevant compensation, analytical, or human resources experience.
    Preferred Qualifications
    
    • Basic understanding of compensation and compensation programs.
      
    • Proficiency with Microsoft Suite with advanced Microsoft Excel skills.
      
    • Experience with Oracle HCM and PayFactors
      
    • Familiarity with Radford and Mercer salary surveys
      
    • Demonstrated success of managing multiple concurrent initiatives and maintaining one's own workflow
      
    • Demonstrated ability to meet project deadlines
      
    • Familiarity with state and federal laws and OFCCP requirements as they relate to compensation and human resources
      
    • Demonstrated attention to detail and strong organizational skills
      
    • Strong analytical skills
      
    • Strong communication skills and ability to present content in a clear, concise manner
      
    • Understanding of confidentiality and privacy pertaining to employee and company data
      
    • Commitment to reflect FMI's values: patients, passion, innovation, and collaboration
      

Keywords: Disability Solutions, Boston , Compensation Analyst, Professions , Boston, Massachusetts