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The Sr. Compensation Analyst will administer compensation programs for base pay, variable pay, and areas of executive compensation. Ensure that consistent, equitable and competitive programs and practices are maintained, and serve as a consultant to business partners and leaders on broad based compensation policies and procedures. This position reports to the Corporate Compensation Manager.
• Lead and/or assist with the design, development, implementation, and administration of compensation programs.
• Conduct market pay analysis for use in job evaluations, salary recommendations for new hires and promotions, and ad hoc requests to ensure external competitiveness and internal equity, while adhering to the company’s compensation philosophy.
• Administration of long-term incentive awards to include grants, distributions, exercises, participant information, and data loads.
• Support the equity management system including configuration, testing, upgrades/updates, and maintenance. Key vendor and business partner contact relating to the system operation and functionality, resolving issues as needed.
• Manage special projects on a variety of compensation programs, policies and related matters.
• Participate in various surveys, analyze results, and prepare recommendations.
• Monitor compensation practices from a legal standpoint to ensure compliance with labor laws and regulations such as FLSA, Title VII, Equal Pay Act, Americans with Disability Act, Dodd-Frank, etc. Identify areas of noncompliance and works with management to take corrective action.
• Research compensation best practices and propose new and improved programs or practices based on organizational needs, cost projections, and statistical analysis.
• Develop process documentation, instructions, and resources to assist HR business partners and leaders as it relates to compensation. Recommend automation enhancements to facilitate the continued improvement to the process.
• Assist in the design, development, and maintenance of compensation related data in systems such as job codes, salary structures, position codes, etc. Conduct audits to maintain the integrity of the data and work with applicable partners to ensure system meets compensation needs.
Experience:
• Bachelor’s degree with 5+ years of relevant experience, or equivalent, working with base pay as well as long & short-term incentive plans.
• Must have experience in Executive Compensation
• Versed in compensation theory and local, state, and federal laws and regulations such as the Fair Labor Standards Act, Equal Pay Act, the Americans with Disabilities Act, minimum wage, overtime and record keeping requirements.
• Experience with HCM solutions and equity plan management software preferred.
• Certified Compensation Professional (CCP) and/or Certified Executive Compensation Professional (CECP) preferred.
• Advanced Microsoft Excel skills.
• Ideally worked in hospitality industry.
• Lean Six Sigma Training preferred.