Compensation & Benefits Analyst Job Description

Compensation & Benefits Analyst Job Description

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Compensation & benefits analyst provides guidance and assistance regarding compensation trends and analytics, job evaluation, salary administration, compensation systems, programs, policies and procedures.

Compensation & Benefits Analyst Duties & Responsibilities

To write an effective compensation & benefits analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included compensation & benefits analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Expert skills Microsoft Office (Excel, Word, PowerPoint)
Process manual enrollment, terminations and changes into Workday
Provides support and participate in annual compensation planning and administration salary range and/or broad-band structure development, year-end performance management, merit increases market budget projections, bonus and STI processing
Research, design, conduct data analysis and analyze compensation solutions to ensure internal alignment and external competitiveness across the company and compliance with applicable regulatory agencies
Participate in relevant external benchmark surveys to ensure competitive pay practices
Assist with all areas of business management for the group (approx
Works collaboratively with HR to recommend solutions to resolve compensation and benefits related issues for Discovery International Networks, yet serving as an on-going resource for the HR organization in general on compensation related inquiries and issues
Provides guidance on proposed compensation requests (job levelling, banding, salary benchmarking) for conformance to established guidelines, policies and practices
Conducts local market analysis for competitive compensation and benefits programs and participates in TR surveys
Delivers training, guidance and promotes compensation programs and initiatives to HR and Line Management

Compensation & Benefits Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Compensation & Benefits Analyst

List any licenses or certifications required by the position: CCP, CEBS, SPHR, HR, PHR, SHRM, TR, CBP, PMI, CP

Education for Compensation & Benefits Analyst

Typically a job would require a certain level of education.

Employers hiring for the compensation & benefits analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Human Resources, Business, Finance, Business/Administration, Education, Accounting, Economics, Management, Human Resources Management, Administration

Skills for Compensation & Benefits Analyst

Desired skills for compensation & benefits analyst include:

Procedures
Workday
Excel
Employee benefit plan policies
Job analysis and job evaluation principles
Methods
Techniques
COBRA
FMLA
Filing and compliance requirements

Desired experience for compensation & benefits analyst includes:

Prior experience in the finance industry strongly preferred
Collaborating and working with others – a demonstrated ability to partner and facilitate discussions with managers and employees at all levels in the organization
Communication - excellent communication skills
Problem solving – must be able to identify and resolve problems in a timely manner
Requires 3-5 years of experience in HR, specifically with employee benefits and/or compensation
Knowledge and experience with Hay job evaluation methodologies preferred

Compensation & Benefits Analyst Examples

1

Compensation & Benefits Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking for a compensation & benefits analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compensation & benefits analyst
  • Works with external consultants on issues such as income sourcing for mobile employees, tax and legal updates
  • Coordinates contribution files for the Employee Stock Purchase Plan for International based employees
  • Facilitates grant acceptance when needed
  • Communicates with International HR and international participants on a routine basis to answer questions about equity program
  • Provide US coverage when the US Stock Plan Administrator is unavailable
  • Administer the distribution and return of International Addendums
  • Completes International surveys and assists with compiling benchmark data for equity plans
  • Minimum 3 - 4 years administering employee benefit and/or relocation programs
  • Experience with administering employee stock plans highly preferred
  • Responsible for successful implementation of annual rewards management cycle (including but not limited to training managers, supporting them on the recommendations, ensuring accurate rewards statements), off-cycle compensation process and implementation of global and local bonus plans# Responsible for delivering compensation training(either virtual or in-class) to managers and associates per the need
Qualifications for compensation & benefits analyst
  • Strong written and oral communication skills, polite and pleasant yet direct
  • Minimum 3 years experience in an analytical Global HR or Compensation-related role
  • Tracks costs and invoices against budget and inputs to the annual budget submission process
  • Act as a key point of contact, supporting the management of internal and external providers of benefit plans and systems ensuring accuracy and positive employee experience in enrolling or using benefit plans
  • Excellent analytical skills and mathematical aptitude required, including in the diagnosis of trends or problems
  • Previous analyst level experience in Compensation & Benefits
2

Compensation & Benefits Analyst Job Description

Job Description Example
Our company is hiring for a compensation & benefits analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for compensation & benefits analyst
  • Document benefit and compensation administration practices and system procedures focusing on best practices
  • Support the day-to-day administration of the employee benefit programs enrollments, terminations, changes
  • Organization merit cycle implementations
  • Data analysis of organization pay structures
  • Ensure 100% visa and tax compliance in the US for the entire US organization
  • Add relocation benefit language to domestic and international offer letters when applicable
  • Manage all US relocation vendors and recommend changes when needed if service levels lapse
  • Recommend relocation process and policy improvements as warranted
  • Manage the Annual Salary Review (Merit) process
  • Annually update the salary structures for the USA, Canada, and Mexico
Qualifications for compensation & benefits analyst
  • Degree educated or alternatively qualification
  • HR system experience desirable, with SAP experience preferable
  • Experience with Towers Watson surveys and benchmarking methodology preferable
  • Experience with UK benefits and pensions essential, experience with administering self insured/trust based medical plans desirable
  • Aptitude for working and being successful in a virtual and culturally diverse team
  • Ability to prioritize duties and responsibilities to provide a high level of prompt and effective customer service in a fast-paced environment
3

Compensation & Benefits Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of compensation & benefits analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compensation & benefits analyst
  • Perform job evaluations using Mercer IPE
  • IV’s Long-term incentive process
  • Provide day to day operational support for key HR processes and tools related to global compensation, benefits and equity compensation matters
  • Perform other reasonable duties as assigned by direct manager
  • This position reports to the Senior Director, Compensation & Benefits and will interface regularly with other members of the HR team
  • You will implement Compensation and/or Benefits Strategy
  • You will execute regional and/or global C&B processes to support and align with the business's needs and strategy
  • You will manage the annual data submission to salary and benefit surveys internationally
  • You will support job matching and job evaluation processes
  • Among your responsibilities will be to support the annual salary review process with data preparation and data analysis, updating of the compensation system
Qualifications for compensation & benefits analyst
  • Ability to communicate clearly and effectively, both verbally and in writing, to develop and deliver presentations at a level appropriate to the audience being addressed
  • Experience with Fidelity’s PSW preferred
  • Excellent payroll knowledge with the ability to perform manual calculations
  • Manage month-end close process and work closely with business partners to ensure accurate financial reporting
  • Prepare benefits-related monthly executive management reports, providing insightful commentary on both the P&L and balance sheet, including monthly plan vs
  • Interact and partner with LOBs and other Corporate areas in order to obtain, understand and analyze benefits financials
4

Compensation & Benefits Analyst Job Description

Job Description Example
Our company is looking for a compensation & benefits analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compensation & benefits analyst
  • You will be expected to provide an on-going support to the business on the various aspects of compensation & benefits
  • You will maintain an on-going contact with external compensation and benefits vendors
  • You will conduct projects to review employee benefit schemes and source benefit providers across the region
  • You will be involved with ad hoc projects as restructuring activities, mergers & acquisitions, Rebadge transfers
  • Discover and hone your skills
  • Assess whether significant accounting events occur as a result of management decisions or workforce events
  • Review spreadsheet files for strict adherence to spreadsheet controls (includes reviews for mathematical accuracy, formula usage, appropriate cross-referencing)
  • Work with the C&B Manager in overseeing and supporting benefit renewal processes across the region
  • Research & provide input into EMEA & global C&B projects, including support on M&A due diligence, C&B integrations, international benefits policies
  • Provides policy counsel and administration on Total Remuneration (TR) for multiple, complex plans
Qualifications for compensation & benefits analyst
  • Prepare firm-wide benefit guidance to the LOBs in support of the annual budget process in partnership with domestic and international benefits executives (including the impact of medical, dental, & life insurance, pension and 401(k) match/special awards)
  • 2+ years hands-on experience with Business Process and Security Administration required
  • Working knowledge of report writing and calculated fields a plus
  • Background in HR/Compensation analysis
  • Benefits background a major plus
  • Business or HR degree
5

Compensation & Benefits Analyst Job Description

Job Description Example
Our company is looking for a compensation & benefits analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for compensation & benefits analyst
  • Does complex survey analysis and interpretation of data to recommend salary structure changes
  • Analyzes industry and demographic trends to recommend and deploy plan design changes
  • Designs, develops and modifies employee benefit plans
  • Consults with client groups on job placement issues for a reorganization
  • Joins business unit teams to develop solutions to emerging business issues
  • Performs payroll HR-related operation
  • Provides compensation and benefits administration to employees
  • Provides consultation to management related to TR issues
  • Ensure plans meet current and future requirements of the Affordable Care Act regulations and legislation
  • Recommend and implement benefit plan and process changes
Qualifications for compensation & benefits analyst
  • Bachelor’s degree in Human Resources, Business, Finance, Accounting or related field required, CIPD desirable
  • Minimum of 5-7 years performing compensation analysis, making recommendations and setting up administering pay programs
  • Bachelor's degree or equivalent experience in insurance or benefits
  • BA or BS in a quantitative field with 3-5 years relevant experience
  • Highest degree of professionalism, integrity, and confidentiality
  • Undergraduate degree in Business, Human Resources Management, Finance, or closely related field or equivalent work experience in human resources

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