Compensation Analyst ll

$61,085 - $106,898/Yr

Henry Schein

posted about 1 month ago

Full-time - Mid Level
Remote
10,001+ employees
Miscellaneous Manufacturing

About the position

The Compensation Analyst position is a critical role responsible for the implementation and administration of various compensation processes within the organization. This includes overseeing salary administration, bonus plan administration, and Long-Term Incentive Plan (LTIP) administration. The analyst will evaluate salaried, hourly, and professional positions, making compensation recommendations to the business based on thorough analysis and established evaluation systems. This role requires preparing and reviewing job descriptions, auditing evaluation processes, and ensuring compliance with company policies regarding wages and salaries. In addition to salary administration, the Compensation Analyst will own and drive the International Executive Performance Incentive Plan process, which involves data collection, populating award templates, and ensuring the accuracy of awards. The analyst will collaborate with business and finance teams to assign budgets to participants and assist in administering the U.S. annual bonus programs. The role also includes responsibilities related to the Long-Term Incentive Plan, such as preparing exhibits for the Compensation Committee, processing restricted stock vesting, and conducting audits. The ideal candidate will possess strong analytical skills, proficiency in various compensation-related software, and a solid understanding of employment law and compensation regulatory requirements. This position is remote, allowing for flexibility while maintaining a focus on delivering accurate and timely compensation solutions to support the company's strategic goals.

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
  • Assist with reporting and ad-hoc LTIP requests

Requirements

  • Typically 5 or more years of increasing responsibility in terms of any applicable 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
  • Exercise judgment within defined procedures and practices to determine appropriate action
  • Professional maturity in delivering difficult messages in a professional and empathetic manner
  • Proficient in employment law / compensation regulatory requirements

Nice-to-haves

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