As a Senior Compensation Analyst, you will be an integral member of the AvidXchange organization, responsible for participation in the development, implementation, and administration of compensation programs. Providing detailed analytical support for various compensation activities and programs. Conducting statistical analysis, data modeling and costing of pay programs, (i.e., salary planning, merit increases, structure movements, salary range development, variable pay and incentive programs). Participation in compensation surveys; on-going market pricing of positions in order to determine market competitiveness. Assistance with job evaluation process by benchmarking new or changed job functions to the market. Participation in various compensation-related projects which involve revision, development and/or re-design of existing compensation programs.
Collect and analyze market data, maintain salary survey data warehouse, determine competitive position of company salary range structure.
Participate in the analysis, development, design, communication and implementation of global compensation programs including, salary structures, annual salary review process and job evaluation.
Evaluate competitive compensation for individual jobs and job families by analyzing external data using qualified market reference sources and applying specialized methodology to appropriately trend the data as well as to ensure equity.
Conduct job analysis to determine appropriate salary level according to job leveling guidelines, maintain documentation processing including job descriptions, survey benchmarks, FLSA classifications and other relevant supporting data.
Conduct various annual reviews including, internal equity, merit movement, compa-ratio and other metrics for analyses as needed.
Participate in the administration of the variable pay programs (bonus and cash incentives).
Participate in training and communications of various compensation programs.
Analyze components of total direct compensation, including, base pay, short term incentives and/or long-term incentives.
Areas of Impact:
Handles information and documents relevant to human resources with high degree of confidentially, urgency and attention to detail. Other projects as assigned that relate to overall goals of the department.
Participate in onboarding tasks as needed (i.e. offer letter submittals, final paperwork completion).
Experience and Qualifications
Full Knowledge of industry practices and complete understanding of compensation principles, concepts, and practices including compliance with state and federal laws.
Minimum of 5 years directly related experience with an analytical acumen, preferably in Compensation.
This position has no direct supervisory responsibilities, but does serve as resource for other departments.