Benefits, Compensation, Labor/Industrial Relations, Organizational Development, Research, Total Rewards
4 Year Degree
Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield, Eckrich ®, Nathan's Famous ®, Farmland ®, Armour ®, Farmer John ®, Kretschmar ®, John Morrell ®, Cook's ®, Gwaltney ®, Carando ®, Margherita ®, Curly's ®, Healthy Ones ®, Morliny ®, Krakus ® and Berlinki ®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs.
The Compensation Analyst is responsible for supporting compensation administration and implementation for the organization's various compensation programs. This includes areas related to compensation requirements, including position descriptions and evaluations, FLSA testing, salary administration and conducting compensation analyses. This position will have the opportunity to assist with implementation of compensation programs, helping translate strategy into results.
Completes and maintains salary survey data by compiling, organizing, and submitting data on a timely basis. Coordinates data for market analysis to ensure up to date market information for management to perform annual reviews and frequent pricing of jobs
Evaluates the organizations jobs, documenting responsibilities and requirements in job descriptions. Responds to inquiries and issues involving compensation, market competitiveness, job leveling, and job description maintenance and development. Ensures compliance with FLSA
Execute on core process to include the management support of the annual merit increase process and annual performance review cycle. Partner with HRIS and Payroll departments to plan the process and ensure it runs smoothly and efficiently without errors.
Maintain and enhance a database for accessing compensation information and associated job descriptions
Assists with KPI tracking, calculations and forecasting of all incentive plans including annual incentives and sales incentive compensation
Responsible for the preparation of compensation based communication materials
Support and partner with key stakeholders to drive completion of compensation projects
Develop and maintain internal compensation databases, processes, and procedures
Special projects as needed including acquisition integration, organization re-structuring, system installation, report analysis, etc.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. May perform other duties as assigned.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals to perform the essential functions.
Bachelor’s Degree from a regionally accredited four-year college or university and 2+ years relevant experience, required.
Excellent analytical and technical skills including expertise in Excel, Word, PowerPoint and HRIS.
Knowledge of, and experience with, compensation principles and concepts, compensation analysis and consulting, including market pricing, compensation plan/structure design, job evaluation and grading, FLSA review.
Demonstrated maturity in dealing with all levels of employees and the ability to maintain confidentiality of all employee information.
Strong planning, problem-solving, project management, organizational, and communication skills; able to multi-task.
Current PHR, SHRM-CP or CCP certification (or willingness to obtain) is a plus.
Ability to develop positive working relationships with both internal and external vendors and customers.
Ability to work well with others in fast paced, dynamic environment.
Ability to be respectful, approachable and team oriented while building strong working relationships and a positive work environment.