Red Lobster - Orlando, FL
posted about 1 month ago
The Compensation Analyst at Red Lobster plays a crucial role in providing research and analytical support to various stakeholders, including Human Resources, Finance, and Legal departments. This position is responsible for preparing accurate and detailed analyses, calculations, and reports that assess the effectiveness of assigned compensation programs and services. The Analyst will manage the annual merit review cycle, which encompasses merit increases, bonuses, and long-term incentives, ensuring that the company remains compliant with all applicable federal, state, and local wage laws. Additionally, the Analyst will stay informed about current and anticipated policy changes, providing timely updates to key stakeholders. In this role, the Compensation Analyst will ensure that personnel records are accurately maintained within the HR system, including assisting with testing for PeopleSoft upgrades and other system updates. The Analyst will manage the annual merit and bonus processes, oversee the long-term incentive program, and execute reporting for statistical and comparative analysis related to various compensation programs. They will serve as a resource for interpreting federal, state, and local laws related to compensation, ensuring compliance and providing salary recommendations based on thorough research and analysis of competitive market data. The Analyst will also be responsible for the administration and coordination of various compensation programs, including offers of employment, promotions, demotions, and termination packages. They will develop, modify, and run queries and reports to generate data for compensation planning, conduct market surveys, and maintain compensation-related tables and data in HR systems. Furthermore, the Analyst will provide guidance on compensation plans and programs, influence the implementation of new compensation initiatives, and fulfill ad hoc reporting requests from Operations and HR Leadership. This position requires a strong analytical mindset, excellent communication skills, and the ability to manage multiple initiatives simultaneously.