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Job Title: Senior Compensation Analyst
Company Name: Empower
Location: Remote, CO
Position Type: Full Time
Post Date: 11/19/2022
Expire Date: 03/22/2023
Job Categories: Administrative and Support Services, Computers, Software, Customer Service and Call Center, Finance/Economics, Financial Services, Healthcare, Practitioner and Technician, Human Resources, Information Technology, Insurance, Legal, Military, Sales, Executive Management, Medical, Nonprofit and Volunteer Services
Job Description
Senior Compensation Analyst

Grow your career with a growing organization

Whether they’re helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that’s hard to beat. And from a personal satisfaction perspective, you’ll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

The Sr Compensation Analyst, reporting directly to the Director of Compensation, applies deep functional expertise in the design, implementation and administration of compensation rewards that are competitive, business aligned, agile, easily understood, legally compliant and delivered within the framework of a global Total Rewards and Human Resources strategy.  Plays a key role with the design, implementation and administration of competitive compensation programs that attract, retain and motivate a diverse and high performing workforce and has strong understanding of legal compliance related to compensation programs, working to ensure there is minimal risk to the enterprise. Operating with a high degree of professionalism and diplomacy, collaborates with Talent Acquisition and HR Business Partner team members to conduct job evaluations, determine competitive pricing that is in line with market trends and provide sound compensation analysis. The Sr Compensation Analyst is able to clearly articulate complex situations that may involve legal risk to HR partners to enable them to have consultative conversations with their client groups, or directly with management.  Prepares compensation recommendations requiring a high level of understanding of compensation techniques, methods, and best practices.   Utilizes analytical methods, leverages deep expertise of best practices and various tools to ensure enterprise level compensation programs are administered consistently and reflect Empower’s compensation philosophy. 

This role will support our high volume operations group.

What you will do

  • Under limited direction of the Director Compensation, is responsible for the execution of compensation goals and the administration of the company-wide compensation function, which includes creating, implementing, and administering competitive fixed and variable pay programs that comply with applicable laws and regulations, as well as understanding and supporting business objectives.

  • Serve as a trusted adviser providing experienced guidance and consultation to HR Business Partners, Talent Acquisition and management groups, to develop best practice compensation solutions and comprehensive pay decisions, along with understanding the audience and educating appropriately on factors that should be considered in such decisions.

  • Operate with a high degree of professionalism and ability to have good consultative conversation, advising all levels of management on policies and practices, clearly articulating complex situations related to compensation.

  • Able to understand audience and discern appropriate approach, creating and performing complex modeling and analysis, presenting and explaining results effectively.

  • Analyze the effectiveness of pay programs and makes recommendations to optimize, eliminate or develop new programs.

  • Partner with other HR groups, leaders or managers to provide guidance, support and help drive execution on major project initiatives including, but not limited to: automation projects; HR systems related projects; the annual merit, bonus and equity cycle; annual salary survey participation; job architecture projects; data integrity projects; due diligence in support of the company's annual salary policy recommendations; and mid-year promotions and salary adjustment projects.  Develops project plans, monitoring progress toward on-time completion, and preparing standard and ad hoc reports.

  • Analyze complex situations related to FLSA and changes in exemption status; engaging appropriate stakeholders and understanding possible implications; modeling and communicating impacts with HR Business Partner and appropriate parties.

  • Utilize strong understanding of market surveys, market data and trends in data.  Researches and analyzes market data, salary surveys and compensation trends to effectively partner with the HR Business Partners and business clients to make recommendations and influence business decisions.

  • Conduct market analysis and makes recommendations to all levels of management. This includes job evaluations on new and existing positions, including content review, bench marking, market pricing, FLSA determination and alignment within internal salary structures, bonus and equity programs for the company.

  • Strong understanding of Compensation related systems, functionality, data and related impacts to be able to provide input for possible solutions when there are impacts to areas of compensation in the system.  Serves in system administrator capacity for applications/systems related to the administration of merit, bonus and stock (Workday); market pricing (PayScale/MarketPay) and any other compensation related systems.

  • Develop project plans and executes on major project initiatives, including automation projects, the annual Merit & Bonus cycle, annual salary survey participation, due diligence in support of the company's annual salary policy recommendations, and promotion/salary adjustments. Monitors progress toward on-time completion.

  • Utilized strong presentation skills to design and deliver compensation related training/education for various levels of the organization to support business and departmental objectives, initiatives and projects.

  • Serves as an internal subject matter expert on compensation matters for lower level roles.

What you will bring

  • Bachelor's Degree in related field or equivalent experience.

  • 5-8+ years’ relevant experience in compensation, designing and administering compensation programs, in a multi-state environment.  Global compensation experience is a plus.

  • Certified Compensation Professional (CCP) preferred.

  • Strong experience with variable pay plans, budget and structure activities, and job evaluation (market pricing methodology) required.

  • High level of professionalism and communication skills to present to executive levels of management as needed, coupled with the ability to easily and clearly convey data analysis into an understandable format.

  • Proficiency in MS Office, with advanced proficiency in Excel.

  • Excellent customer service, interpersonal, and communication skills. Informal project management experience preferred.

  • Systems knowledge: Strong proficiency in Microsoft Office products (Word, Excel, Outlook, PowerPoint, etc) with intermediate to advanced Excel skills required. Workday knowledge highly preferred and Workday Advanced Compensation desired.

What will set you apart

  • Ability to discern approach and critical situations based on audience and have consultative conversations.

  • High level of judgment and integrity with the ability address sensitive topics and confidential information, clearly articulating information and making sound decisions under pressure.

  • Strong understanding of and experience with DOL/FLSA guidelines and their application.

  • Strong team collaboration skills are a must.

  • Other functional HR experience is a plus.

  • Proficiency in MS Office, with advanced proficiency in Excel.

  • Excellent customer service, interpersonal, and communication skills. Informal project management experience preferred.

  • Systems knowledge: Strong proficiency in Microsoft Office products (Word, Excel, Outlook, PowerPoint, etc) with intermediate to advanced Excel skills required. Workday knowledge highly preferred and Workday Advanced Compensation desired.

  • Ability to maintain discretion and work with sensitive/confidential subject matter required.

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

  • Medical, dental, vision and life insurance
  • Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
  • Tuition reimbursement up to $5,250/year
  • Business-casual environment that includes the option to wear jeans
  • Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
  • Paid volunteer time — 16 hours per calendar year
  • Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
  • Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

The salary range below describes the minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Base Salary Range

$ 85,200.00-120,300.00

We are an equal opportunity employer with a commitment to diversity.  All individuals, regardless of personal characteristics, are encouraged to apply.  All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law. 

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Company Name: Empower
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