Compensation Analyst ll

$61,085 - $106,898/Yr

Henry Schein - Melville, NY

Full-time - Mid Level

Melville, NY

Miscellaneous Manufacturing

About the position

The Compensation Analyst II position at Henry Schein is responsible for the implementation and administration of various compensation processes, including salary administration, bonus plan administration, and Long-Term Incentive Plan (LTIP) administration. The role involves evaluating job positions, making compensation recommendations, and ensuring compliance with company policies. The analyst will also participate in compensation surveys and assist in the preparation of materials for the Compensation Committee of the Board of Directors.

Responsibilities

• Evaluate salaried, hourly and professional positions and make compensation recommendations to the business
• Prepare and review job descriptions based on analysis of position responsibilities
• Evaluate jobs using established evaluation systems, determine grades and prepare records of the validity of the evaluation
• Review changes in wages and salaries for conformance to Company policy
• Audit evaluation of positions and application of existing classifications to individuals
• Participate in compensation surveys
• Assist in updating the salary structure
• Audit data in Workday, iSchein and MarketPay as needed
• Approve some compensation recommendations and changes in Workday
• Own and drive the International Executive Performance Incentive Plan process including data collection, populating award templates and ensuring awards are correct and accurate
• Work with business and finance teams to assign correct budgets to PIP participants
• Assist in administering the U.S. annual bonus programs to collect and update data and to calculate awards
• Assist in reviewing bonus plans for conformance to policy
• Assist in the preparation of exhibits for the Compensation Committee of the Board of Directors
• Assist with annual and off-cycle restricted stock and restricted stock unit vesting's
• Assist with processing bank wires to transfer tax proceeds to local entities
• Conduct LTIP audits and prepare grant loads for review
• Conduct SOX testing
• Support the effort to identify, document, and categorize all sales incentive plans
• Work closely with HRIS, Payroll, and Compensation team to ensure roles are properly set up in HRIS system
• Provide compensation recommendations for movement to and from roles with assigned sales incentive plans.

Requirements

• Typically 3 to 5 years of Compensation related professional experience
• Bachelor's Degree or global equivalent in related discipline
• Proficient Microsoft Excel skills
• Proficient in Workday and associated processes
• Proficient in iSchein and associated processes
• Proficient in internal audit BWise system and associated processes
• Proficient in stock plan administration system and associated processes
• Intermediate knowledge of MarketPay and associated processes
• Professional skills with an understanding of industry practices and company policies and procedures
• Good planning/organizational skills and techniques
• Good analysis and problem-solving skills
• Good writing and communication skills
• Excellent conflict resolution skills
• Self-starter in creating issue resolution
• Excellent decision-making skills
• Excellent Interpersonal skills
• Proficient in employment law / compensation regulatory requirements

Nice-to-haves

• Participate in local HR organizations
• Proactively keep up with regulatory changes

Benefits

• Salary range for the position is $61,085 to $106,898 based on various factors including experience and skills.