The Senior Compensation Analyst is responsible for supporting the development, implementation, communication and administration of compensation programs, policies and procedures. A successful individual will act as internal consultant to management and HR Business Partners on compensation related matters.
Castle Metals has over 125 years of experience as a metals supplier for the aerospace, semi-conductor, oil and gas, automotive and heavy equipment manufacturer industries.
Essential Primary Responsibilities:
Proactively handles day-to-day compensation program administration, acts as internal consultant to management and HR Business Partners on compensation related matters.
Collaborate with HR Business Partners to resolve compensation issues. Supports competitive offers via reports and analysis of market, ensures compliance with internal equity, procedures, policies, while balancing customer needs.
Coordinate requests for job evaluations for new and existing positions; complete market, FLSA analyses, and internal employee impact review, communicate results to stakeholders.
Develops and maintains compensation policies, job codes, etc. to ensure program, system accuracy, and consistency. Coordinates updates to job descriptions.
Administers incentive, salary (structure), and merit programs; performs competitive pay and cost analysis, creates and provides management and employee communications. Partner with HRIS/Payroll team to ensure salary changes and/or incentive compensation plan participant data is accurately reflected in systems.
Identify, document, and improve/enhance core compensation tools, guidelines, and processes.
Develops, implements compensation program communication materials, employee statements, policies and procedures.
Keeps abreast of federal, state, and local compensation laws and regulations and assists with ensuring company-wide compliance.
Coordinates and supply supporting documentation for annual proxy/internal and external audit compliance. Supports long term equity administration associated with annual vesting and tax events.
Conducts, participates in and analyzes wage surveys. Utilizes survey and resources that results in viable compensation related recommendations.
Bachelor's degree or equivalent experience
Five (5) years of progressive experience administering compensation as a Compensation Analyst or similar role
Demonstrated understanding of FLSA legislation and Wage and Hour laws
Excellent skills in the Microsoft office suite, particularly Excel
Experience with HRIS systems; maintaining compensation-related tables and programs, e.g., job codes, salary structure, merit planning, etc.
Strong interpersonal skills with the ability to work effectively with employees at all levels of the organization
Excellent communication skills
Excellent organization skills with the ability to handle multiple projects and priorities
Strong customer service orientation
Ability to maintain confidentiality with sensitive material
Attention to detail, with demonstrated accuracy and thoroughness in final work products