Compensation Analyst I

$70,000 - $85,000/Yr

Ducommun - Costa Mesa, CA

Full-time - Entry Level

Costa Mesa, CA

Electrical Equipment, Appliance, and Component Manufacturing

About the position

The Compensation Analyst I will play a crucial role in analyzing, designing, and administering compensation programs under the guidance of the HR leadership team. This position is ideal for a detail-oriented, analytical, and organized individual who is eager to contribute to the HR shared services team while expanding their knowledge of HR fundamentals alongside compensation responsibilities. The role involves regular interaction with various levels of HR, Operations, and corporate personnel, making effective communication and collaboration essential. In this position, the Compensation Analyst will administer compensation programs and manage day-to-day activities that align with the company's objectives for recruiting, retention, employee engagement, and performance. Responsibilities include managing and evaluating existing jobs, developing and maintaining job descriptions and job architecture, and conducting research and analysis on market competitiveness, pay equity, pay adjustments, and compensation trends. The analyst will perform job evaluations and classifications, equity reviews, market pay reviews, and updates to grade and pay structures, ensuring compliance with company policies and applicable federal and state laws. Additionally, the Compensation Analyst will maintain professional knowledge of legislative updates, communicate and educate various organizational levels about compensation policies and procedures, and address compensation inquiries from HR team members and business leaders. The role also involves conducting training sessions, identifying new tools and process improvements, leading compensation projects, and maintaining standard work procedures and documentation. The analyst will also participate in team projects and committees, supporting other HR Shared Services departments such as HRIS, benefits, and corporate initiatives.

Responsibilities

• Administer compensation programs and day-to-day activities that align with the company's recruiting, retention, employee engagement, and performance objectives.
• Manage and evaluate existing jobs; develop and maintain job descriptions and job architecture.
• Conduct research and analysis on market competitiveness, pay equity, pay adjustments, and compensation trends.
• Perform job evaluations and classifications, equity reviews, market pay review, grade and pay structure updates, and other related compensation duties.
• Participate in market studies and surveys.
• Ensure plans, programs, and processes are administered consistent with company policies and applicable federal and state laws.
• Maintain professional knowledge and awareness of legislative updates.
• Communicate, educate, and interface with multiple levels within the organization regarding compensation policies and procedures.
• Field compensation questions from HR team members, business partners, and leaders.
• Conduct training and education sessions.
• Proactively identify new tools and process improvements to address changing business needs.
• Lead compensation projects and implementations.
• Maintain and update standard work procedures and documentation.
• Perform other duties as assigned including participation in team projects and committees; support other HR Shared Services departments such as HRIS, benefits, and corporate initiatives.

Requirements

• Strong knowledge of benefits programs: health, welfare, retirement, leave of absence, wellness programs.
• Knowledge of HR fundamentals, with a focus on total rewards and HRIS programs.
• Understanding and application of total rewards laws and legislation.
• Strong project management skills.
• Ability to manage multiple projects concurrently in a fast-paced environment; works with a sense of urgency.
• High level of attention to detail and accuracy; able to keep organized and focused while managing large amounts of data/inputs.
• Experience with HRIS systems; ADP Enterprise preferred.
• Proficient in all Microsoft and Outlook programs; highly proficient in Microsoft Excel.
• Experience building reports, charts, presentations, and dashboards; ability to edit reports/presentations according to business needs.
• Strong critical thinking, data analysis skills, business acumen, and good judgment.
• Strong written, verbal, and presentation skills; ability to articulate complex ideas in a simple manner and effectively communicate among all levels within the organization.
• Proactive and solutions driven.
• Understanding of confidentiality within the HR and Payroll Department.

Nice-to-haves

• CBP, CCP, and/or SPHR preferred.

Benefits

• Health insurance
• Retirement plans
• Paid holidays
• Paid time off
• Professional development opportunities
• Equal Opportunity Employer for Veterans/Disabled.