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Compensation Analyst (Markel)

June 24, 2022 6:35 AM | Anonymous member (Administrator)

Job Summary:

The primary responsibility of this position is to ensure that associates are receiving competitive compensation and provide operational and analytical support to the organization’s compensation function.

  • Assist with the administration of compensation structures and compensation philosophy across all functions and levels
  • With limited supervision and under general guidance, review job descriptions to determine FLSA classifications, salary ranges, and job mapping.
  • Perform market data benchmarking for existing and new positions using various compensation surveys. Recommend benchmark jobs and calculate pay ranges.
  • Maintain and update job profiles, salary grades, bonus targets and other compensation components in Workday.
  • Partner with internal stakeholders: Human Resources Business Partners (HRBPs) and Human Resource Information Systems teams (HRIS) to validate existing data and to ensure continued accuracy of compensation data in company HRIS, Workday.
  • Support the annual merit review process, assist with the tracking and administration of the annual incentive plan, and process bonuses and other payments.
  • Partner with accounting on compensation elements required for quarterly accruals.
  • Partner with executive compensation to administer the restricted stock program.
  • Maintain/update compensation documents such as job summaries, salary structure matrices, etc.
  • Participate in annual salary surveys, including preparation and submission of all required data elements.
  • Ensure effective communication and promotion of the company's compensation programs and practices.
  • Special projects and other duties as assigned.

Requirements:

  • Bachelor’s degree in a business-focused major;
  • Intermediate Excel and Power Point skills;
  • 2+ years related experience in compensation, benefits, finance, and/or human resources;
  • High attention to detail with a strong analytical skillset to make sense of data;
  • Results oriented, customer focused, and able to manage multiple projects simultaneously;
  • CCP or completion of classes towards obtainment of CCP preferred.
  • Prior experience working in Workday or similar HRIS system (preferred).

(c) Richmond Compensation Association

Email: 

Address:

P.O. Box 5931 Midlothian, VA 23112

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