The Sr. Compensation Analyst is responsible for a wide scope of activities associated with the development, implementation and communication of compensation programs and policies. This position provides guidance in shaping and influencing the compensation programs and systems. Provides extensive data analysis, review and recommendations; preparation and presentation of compensation materials; and development and implementation of compensation training and projects. Performs data analysis to identify business needs, and complete trend analysis to provide recommendations. Activities include, but are not limited to: bench marking, market analysis, compensation planning, annual salary review, salary administration, job evaluation, program and policy development, compensation communications and special studies. The Sr. Compensation Analyst participates in projects to assess current practices, and develops and recommends innovative enhancements. Partners with the HR Business Partners and management by providing compensation expertise and ensures compliance with applicable Federal and State employment and compensation laws.
(List in order of importance, indicate the essential responsibility and the % of time dedicated to each. (Cumulative total Essential and Non-Essential Functions must add up to 100%, no responsibility should be less than 5%)
Business Unit Support- Partner with the HR Business Partners regarding day-to-day Compensation requests and to administer the annual merit and bonus programs. Develops recommendations and communication as required. 10%
Data Analysis & Reporting- Develops compensation analysis and models the potential impact of new program design. Works with the HRIS team to develop or enhance reports. 20%
Conduct job evaluations. Work with HR Business partners and management to understand and define the role. Utilize tools and guidelines to evaluate jobs. Determine exemptions status, market range, and job alignment. 20%
Market Research - Responsible for competitive market research. Participates in salary surveys and maintains the compensation market pricing database. Conducts analysis of selected positions as needed, as well as monitoring the company’s overall competitive position. Assists in the development and/or updates geographic structures and/or step rates annually. 20%
Salary & Bonus Administration - Assist in the development of annual budgets and merit matrices. Work with team members to administer the annual merit and bonus programs. Draft program communications and recommends annual merit increases as required. 10%
Project Management & Compliance - Conducts analyses and reviews to ensure compliance with applicable DOL and minimum wage laws. Participates and/or leads compensation projects as needed. Tracks and reports on the status of projects for Compensation Team. 20%
ALL OTHER DUTIES AS ASSIGNED
KNOWLEDGE, SKILLS AND ABILITY:
(List the MINIMUM knowledge, skills and ability required to perform the essential functions of the position):
Demonstrated knowledge of broad-based compensation and incentive programs, policies and practices.
Demonstrated analytical thinking skills with the ability to exercise sound judgment, attention to detail and problem resolution.
Strong data analysis skills using both qualitative and quantitative data. Ability to analyze complex problems and devise viable solutions. Ability to synthesis information in presentation format to Executive Management.
Strong project management and organizational skills with attention to detail is required.
Considerable knowledge and skills in job analysis, job evaluation, market analysis and survey participation.
Knowledge of labor markets and trends affecting grades/ranges and other aspects of compensation.
Critical HR Competencies including strong process management skills.
Strong skills in the design and delivery of compensation training materials.
Knowledge and experience interpreting regulatory requirements and relevant federal and state laws/regulations.
Ability to partner with others and have demonstrated influencing and negotiation skills at all levels of management.
Exemplary verbal and written communication skills.
Possess excellent time management skills, ability to juggle multiple tasks, agility to adapt to shifting/multiple priorities and deadlines, and manipulate large data sets while maintaining data integrity.
Proven ability to maintain confidentiality.
Ability to mentor junior staff members.
Excellent computer skills, specifically with spreadsheets such as Excel and presentation software. Microsoft Access is a plus. Workday experience preferred. PayScale’s MarketPay experience or other market pricing software is preferred.
(Not Applicable or % of time & Local, Regional or National) Up to 10%
Bass Pro Shops is an equal opportunity employer. Hiring decisions are administered without regard to race, color, creed, religion, sex, age, national origin, ancestry, citizenship status, disability, veteran status, genetic information or any other basis protected by applicable federal, state or local law.
(List the MINIMUM education and experience requirements to perform the essential functions of the position)
Minimum Degree Required: Bachelor’s Degree in Finance, Data Analysis, Human Resources or a related field.
Certificate(s) or License(s): Certified Compensation Professional (CCP) or attainment toward is desired.
Experience: 5-7 years of Compensation experience; Retail industry experience a plus.