Unclassified - Minneapolis, MN
posted about 2 months ago
Compeer Financial is seeking a Compensation Analyst to join our dynamic team in Minneapolis, Minnesota. This position plays a crucial role in the development, implementation, and administration of our compensation programs. The Compensation Analyst will be responsible for conducting thorough analyses of internal and external salary data, evaluating job classifications, and ensuring that our compensation practices align with organizational policies and market competitiveness. This role serves as a vital resource for team members and leaders, providing support to the Total Rewards team in administering various compensation and rewards programs as needed. In this position, the Compensation Analyst will collaborate closely with department leaders and HR partners to conduct job analyses and evaluations for new and revised positions. This includes drafting, editing, and updating job descriptions, as well as determining the Fair Labor Standards Act (FLSA) status and appropriate salary grades. The analyst will participate in salary surveys to benchmark our compensation programs and conduct market pricing using appropriate survey sources and criteria. Additionally, the role involves analyzing market competitive practices in compensation programs and recommending necessary adjustments, such as pay range modifications and merit increases. The Compensation Analyst will also work with HR partners to analyze and recommend compensation packages for job offers, ensuring alignment with internal equity and competitive external market pricing. Furthermore, the analyst will assist in designing and administering variable compensation programs, including short and long-term incentive plans, commission plans, and other bonus structures. This position requires a strong analytical mindset, excellent communication skills, and the ability to manage multiple projects simultaneously in a collaborative team environment.