The Senior Compensation Analyst is an individual contributor responsible for analyzing, administering, and assisting with the development of global compensation processes and programs including job evaluation, merit, market surveys and studies, and salary structure development and maintenance.
Principal Accountabilities
Utilizing broad knowledge of industry practices and principles, consult with and advise managers on developing and implementing effective compensation solutions
Conduct complex job evaluations, develop job documentation, assign positions to grades, and create job codes
Conduct market analyses and maintain market data library
Take the lead role in participating in and/or conducting salary surveys and additional benchmarking studies in order to analyze competitive positioning
Assist management with the preparation of job descriptions and review requests for new/revised classifications to determine appropriate salary grade assignment
Review and determine exemption status for positions in compliance with the Fair Labor Standards Act (FLSA)
Research and monitor trends and best practices and recommend new approaches and programs that are effective and also consistent with corporate objectives
Partner with Business Development during the bid and contract negotiation processes to provide guidance for calculating salaries and cost estimators for forward pricing rates; ensure compliance with various governmental regulations, such as the Service Contract Act (SCA), FLSA, and Sherman Antitrust Act
Serve as business partner and contact to HR team members, providing timely assistance with position and job code development
Assist with the development, implementation and administration of compensation policies and programs
Develop and distribute compensation reports
Assist in the annual merit and bonus programs
Review proposed salary adjustments for conformance to established guidelines, policies and practices
Ensure programs, practices and policies comply with applicable laws, regulations and DynCorp company policies
Performs other duties as assigned
Knowledge & Skills
Advanced analytical skills; Ability to analyze information, use logic to combine pieces of information to form general rules or conclusions, identify the strengths and weaknesses of alternative solutions, and evaluate results to choose the best solution and solve problems
Excellent technical writing skills
Ability to multi-task and effectively balance multiple priorities
Ability to consult and influence management on the appropriate pay, bonus, and FLSA exempt/non-exempt status of positions
Advanced working knowledge of compensation laws concerning federal and state regulations
Proficient in Microsoft applications
Proven ability to manipulate and analyze moderately complex data in Microsoft Excel and Access
Knowledge of PeopleSoft HRMS modules preferred
Excellent written and verbal communications skills with an ability to communicate with a wide variety of levels and positions within the organization
Effective leadership and interpersonal skills with an ability to develop productive working relationships with others
Good organizational, attention to detail and problem-solving skills
Working knowledge of company’s policies and procedures preferred
Experience & Education
Bachelor’s degree, preferably in Business, Finance, Accounting, Human Resources, or an associated discipline
Two years of relevant work experience may substitute for one year of educational requirements
Four (4) years of relevant compensation work experience
Certified Compensation Professional (CCP) preferred
Physical Requirements/Working Environment
Normal office environment
Travel
May require minimal domestic travel at less than 5% of the time