Compensation Analyst

Sig Sauer - Newington, NH

Full-time - Mid Level

Newington, NH

1,001-5,000 employees

Fabricated Metal Product Manufacturing

About the position

The Compensation Analyst position at SIG SAUER, Inc. is a full-time, onsite role located at the Corporate Headquarters in Newington, New Hampshire. This position is integral to the Human Resources team, focusing on the analysis and management of compensation programs to ensure they are competitive, fair, and aligned with the company's strategic goals. The Compensation Analyst will be responsible for designing, implementing, and managing various compensation elements, including base pay, incentives, bonuses, and equity plans. This role requires a strong understanding of compensation practices and principles, as well as the ability to analyze compensation data and trends to provide insights and recommendations to HR leadership and management teams. In this role, the Compensation Analyst will conduct market pricing and benchmarking studies to ensure that SIG SAUER's compensation packages remain competitive within the industry and region. They will also be tasked with conducting job evaluations, creating and maintaining job descriptions, and ensuring compliance with federal, state, and local regulations regarding compensation practices. The analyst will utilize UKG/HRIS technology to manage compensation processes, provide support and training to HR team members, and coordinate the annual salary review and bonus processes. Additionally, the Compensation Analyst will generate and analyze compensation reports to support decision-making, identifying trends, risks, and opportunities for improvement. The ideal candidate will possess a bachelor's degree in Human Resources, Business Administration, Finance, or a related field, along with 3 to 7 years of experience in compensation analysis or a related HR role. Proficiency in compensation tools, MS Office products, and HRIS systems is essential, as well as excellent data analysis skills and a high level of accuracy and attention to detail. The role also requires the ability to identify issues and develop effective solutions in a timely manner, with certifications such as CCP, CMS, or GRP being preferred.

Responsibilities

• Design, implement, and manage compensation programs, including base pay, incentives, bonus and sales plans, equity plans and other compensation elements, ensuring alignment with company objectives.
• Conduct market pricing and benchmarking studies to ensure our compensation packages are competitive within the industry and region.
• Analyze compensation data and trends to provide insights and recommendations to HR leadership and management teams.
• Conduct job evaluations, including the creation and maintenance of job descriptions, to ensure roles are properly classified and compensated.
• Participate in salary surveys where required.
• Ensure compensation practices are compliant with federal, state, and local regulations, as well as company policies.
• Utilize UKG/HRIS technology to manage compensation processes, including data input, reporting, and analysis. Provide support and training to HR team members on UKG/HRIS as it relates to compensation tools as needed.
• Coordinate the annual salary review process and bonus process, including merit increases, promotions, and adjustments, in collaboration with HR and department leaders.
• Generate and analyze compensation reports to support decision-making, identifying trends, risks, and opportunities for improvement.
• Partner with HR Business Partners, Finance, and departmental leaders to ensure compensation strategies support business objectives and employee retention.
• Miscellaneous duties as assigned.

Requirements

• Bachelor's degree in Human Resources, Business Administration, Finance, or a related field; or related experience and/or training; or equivalent combination of education and experience.
• 3-7 years of experience in compensation analysis or related HR role.
• Proficiency in compensation tools, MS Office products, and HRIS systems.
• Strong understanding of compensation principles, market pricing, job evaluation methods, and compliance requirements.
• Excellent data analysis skills with the ability to interpret complex data and make informed decisions.
• High level of accuracy and attention to detail in all aspects of work.
• Ability to identify issues and develop effective solutions in a timely manner.
• CCP, CMS, GRP or similar certification preferred.

Nice-to-haves

• CCP, CMS, GRP or similar certification preferred.