Compensation Analyst 3 (Hybrid)

Grifols - Durham, NC

Full-time - Mid Level

Durham, NC

5,001-10,000 employees

Chemical Manufacturing

About the position

The Compensation Analyst supports the design, implementation, communication, and administration of various compensation programs. This role ensures the organization's ability to develop and maintain a compensation program that attracts, motivates, and retains a competent, diversified workforce. The Compensation Analyst III specifically focuses on the long-term needs of the company, helping to design and redesign compensation plans and programs while continuously seeking improvements.

Responsibilities

• Supports various employee incentive plans at both the corporate and division level.
• Serves as mentor and expert to other compensation staff.
• Analyzes current market data to determine the company's overall compensation position within the appropriate industry and reports findings to management.
• Reviews existing and proposed statutory requirements governing compensation administration and recommends appropriate courses of action.
• Market pricing existing and new jobs to formulate recommendations to management and/or HR Business Partners.
• Participates in compensation surveys by providing company data for survey submission. Researches, evaluates, and recommends survey sources.
• Updates and maintains the job description database. Writes and prepares job descriptions as needed.
• Provides support to management and HR Business Partners on compensation issues related to salary offers for new hires, promotions, and transfers utilizing both internal and external equity information.
• Assists HR system testing and audits to ensure the HR system meets compensation needs and is updated to reflect changes in job titles, salary grades, salaries, job codes, bonus plans, etc.
• Works with HR systems and IT to implement online tools to enhance and simplify annual compensation processes and payments.
• Maintains currency in state and federal statutes regulating pay practices to ensure company is in compliance.
• Supports compensation team and HR staff with new/revised HR programs, compensation plans or special projects as needed.
• Monitors local pay issues across the US and maintains appropriate geographic differentials.
• Maintains ownership of HR compensation administration business processes. Develops and maintains standard operating procedures (SOPs) with internal controls.
• Develops, supports, and maintains compensation administration system design as needed to accurately administer company compensation programs, including base pay and incentive pay across the organization.

Requirements

• Bachelor's degree in Business, HR or related field.
• Certified Compensation Professional (CCP) preferred.
• 8 years Compensation experience.
• Advanced knowledge of compensation and other employment related federal, state, and local laws.
• Advanced knowledge of compensation and other software applications such as MS Office, especially Excel.
• Advanced analytical, organization, oral and written communication, and interpersonal skills.
• Strong analytical, critical thinking and problem solving skills, including the ability to perform root cause analysis.
• Ability to work across departments and with various levels.
• Ability to work with and maintain confidential information.

Benefits

• 401K Plan with a 6 percent match
• Health Insurance including vision, dental, and prescription benefits
• Paid Time Off (PTO)