The Compensation Analyst/Senior Compensation Analyst provides analytical support for the administration of compensation programs, position evaluations, salary recommendations, and other detailed research projects. Objectives for this role include conducting external market research and internal benchmarking by utilizing and optimizing current tools, and continuously identifying opportunities to improve and quality control current practices. The analyst will also be responsible for ongoing project management support, including managing multiple deliverables at once and keeping stakeholders informed. The ideal candidate will be comfortable in a fast-paced, multi-tasked, high-energy environment.
Essential Responsibilities Compensation Analyst:
Implements and administers compensation programs that are internally equitable and externally competitive.
Market prices new internal jobs by gathering job descriptions, organizational information, and internal/external market data.
Supports annual incentive payout and annual performance adjustment processes by implementing a detailed work plan, working closely with internal departments to analyze data, gathering details for final financial results, and executing individual payout process.
Provides confidential counsel and recommendations to HR consultants relative to individual compensation actions.
Maintains the tools and processes used for the allocation of merit and incentive award programs.
Researches and responds to discovery requests in utility regulatory proceedings.
Participates in compensation surveys.
Prepares and analyzes salary survey data.
Reviews changes in wages and salaries for conformance to policy.
Researches and analyzes market data to update base salary ranges.
Partners with Recruiting, Human Resources, and Legal.
Supports ad hoc analysis, including special leadership requests.
NiSource is one of the nation's leading providers of natural gas and electricity. A Fortune 500 company, we serve nearly four million customers – from the Gulf Coast to the Midwest and New England – through a network of operating subsidiaries that engage in virtually all phases of the natural gas business, as well as electric generation, transmission and distribution.