Compensation Analyst

Cleco Corporation - Pineville, LA

Full-time - Entry Level

Pineville, LA

Heavy and Civil Engineering Construction

About the position

The Compensation Analyst at Cleco plays a crucial role in supporting the company's compensation management activities. This position requires a foundational understanding of compensation principles, practices, concepts, and theories. The analyst will assist the Compensation Advisor and the Manager of HRIS & Payroll in executing various tasks related to compensation management. This includes conducting salary surveys, analyzing data from various sources, and making recommendations to ensure that Cleco remains competitive in the job market, both internally and externally. The analyst will also assist in the preparation of compensation increase and incentive programs, utilizing data results to identify trends based on Key Performance Indicators (KPIs), market information, or business strategy. Additionally, the role involves preparing required reporting and filings, and collaborating with both internal and external partners, including employees, HR team members, business leaders, and compensation consultants. The Compensation Analyst will champion a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence. Key responsibilities include collecting, analyzing, and compiling data from the human resource information system (HRIS) and compensation sources to assist with market benchmarking processes. The analyst will participate in market competitive pay positions to ensure that the pay structure aligns with the company's overall goals and objectives. They will also assist the Compensation Advisor and Director of HR in collecting, analyzing, and reporting data for the Executive Compensation section of the annual proxy. In this role, the analyst will work closely with internal and external stakeholders for data retrieval, analysis, and reporting. They will compile compensation-related reports for internal and external data requests, prepare reports of data results for management and senior leadership, and utilize analytical skills to evaluate, develop, and optimize compensation programs. The analyst will respond to and resolve ad-hoc compensation-related reporting inquiries, assist with compensation-related configurations in Cleco's HCM system, and participate in project teams related to compensation. Maintaining the integrity and confidentiality of departmental records and employee documentation is paramount in this position.

Responsibilities

• Assist the Compensation Advisor and Manager of HRIS & Payroll with executing all activities associated with compensation management.
• Conduct salary surveys and analyze data from survey sources to make recommendations for competitiveness.
• Assist in preparation of compensation increase and incentive programs.
• Utilize data results to make recommendations and identify trends based on KPIs, market information, or business strategy.
• Prepare required reporting and filings related to compensation.
• Work successfully with internal and external partners including employees, HR team members, and business leaders.
• Perform employee data management and analysis processes to ensure data security and compliance with company policies.
• Champion a corporate culture emphasizing transparency, integrity, safety, and operational excellence.
• Collect, analyze, and compile data from HRIS and compensation sources for market benchmarking.
• Assist in collecting, analyzing, and reporting data for the Executive Compensation section of the annual proxy.
• Compile compensation-related reporting for audits and internal/external data requests.
• Prepare reports of data results for management and senior leadership.
• Utilize analytical skills to evaluate and optimize compensation programs.
• Respond to and resolve ad-hoc compensation related reporting inquiries.
• Assist with compensation related configurations in Cleco's HCM system.
• Participate on project teams related to compensation.
• Maintain integrity and confidentiality of departmental records.

Requirements

• BS/BA degree from an accredited college/university in Human Resources, Business Administration, Finance, Accounting, or related field.
• 3+ years of related experience preferred.
• Committed to confidentiality and ability to handle sensitive data.
• Ability to prioritize and meet commitments in a fast-paced environment with attention to detail and accuracy.
• Understanding of formal and informal intersections and interdependencies in problem framing and evaluation.
• Ability to propose improvements in a seamless and consistent manner.
• Compliance-minded with knowledge of compensation philosophy, HR policies, labor laws, and regulations.
• High level of discretion with confidential material.
• Ability to relate effectively and tactfully with all levels of employees and leaders.
• Adopts a helpful and forward-thinking approach to problem-solving.
• Possess analytical and problem-solving skills to parse data and develop rational solutions.
• Experience with Workday or other HRIS/Compensation systems is a plus.
• Proficient in Microsoft Office, especially Excel and PowerPoint.
• Experience with a business intelligence platform (such as MS Power BI) is a plus.

Nice-to-haves

• Experience with Workday or other HRIS/Compensation systems.
• Experience with a business intelligence platform (such as MS Power BI).