Compensation Analyst ll

$61,085 - $106,898/Yr

Henry Schein - New York, NY

Full-time

New York, NY

Miscellaneous Manufacturing

About the position

The Compensation Analyst position 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 and industry standards. The analyst will also support sales incentive compensation administration and participate in audits and reporting related to compensation processes.

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.
• Audit data in Workday, iSchein and MarketPay as needed.
• 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.
• 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.
• 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.

Nice-to-haves

• Bachelor's Degree or global equivalent in related discipline.
• Participation in local HR organizations.
• Proactively keeping up with regulatory changes.

Benefits

• Equal Employment Opportunity Employer
• Career opportunities at Henry Schein.