Compensation Analyst

Generac Power Systems - Waukesha, WI

Full-time - Entry Level

Waukesha, WI

1,001-5,000 employees

Electrical Equipment, Appliance, and Component Manufacturing

About the position

We are Generac, a leading energy technology company committed to powering a smarter world. Over the 60 plus years of Generac's history, we've been dedicated to energy innovation. From creating the home standby generator market category, to our current evolution into an energy technology solutions company, we continue to push new boundaries. The Compensation Analyst is responsible for analyzing, implementing, and maintaining the company's compensation programs. This role involves conducting market research, evaluating job positions, and ensuring that the company's compensation practices are competitive and compliant with legal requirements.

Responsibilities

• Conduct market research and analysis to determine competitive compensation practices.
• Evaluate jobs and positions to ensure internal equity and external competitiveness.
• Assist in evaluating and maintaining career/job level architecture and job families.
• Assist in the developing and implementing compensation policies and procedures.
• Assist in maintaining company short- and long-term incentive programs.
• Prepare and present reports on compensation analysis and recommendations.
• Collaborate with HR and management to address compensation-related issues.
• Ensure compliance with federal, state, and local compensation laws and regulations.
• Participate in salary surveys, analyze survey data to benchmark company positions, and maintain market evaluation datasets.
• Support the annual compensation review process, including salary adjustments, bonus, and equity distributions.

Requirements

• Bachelor's degree (or equivalent knowledge) in Human Resources, Business Administration, Finance, or a related field.
• One year of experience in compensation analysis or a related HR role.
• Demonstrated critical thinking, research, analytical, and quantitative skills.
• Strong attention to detail, ability to draw conclusions, summarize results, and make effective decisions when working with large data sets from multiple sources.
• Proficiency in MS Office applications. Highly proficient with Excel.
• Demonstrated understanding of the laws and regulations that affect human resources and compensation.
• Ability to handle confidential information with discretion.
• Excellent verbal, interpersonal, and written communication skills necessary to interact with staff at all levels of the organization.

Nice-to-haves

• Experience using HR technology such as Workday, Oracle Cloud HR, or SAP/SuccessFactors.
• Experience using compensation administration software such as BetterComp, MarketPay, PayFactors, CompAnalyst, etc.
• Experience delivering both compliance-based and consultative compensation solutions to internal clients.
• Global compensation experience to include Canada, Mexico, and Europe.

Benefits

• Comprehensive medical insurance options.
• Dental and vision coverages.
• Benefit premium credits with completion of healthy living activities.
• Health savings accounts (with High Deductible Health Plan election).
• Flexible spending accounts.
• Life and AD&D insurance.
• Short-term and long-term disability insurance.
• Voluntary income protection plans.
• 401(k) retirement savings plans with company match.
• Stock ownership through the Employee Stock Purchase Plan.
• Paid vacation and holidays.
• Employee Assistance Programs.
• Emergency travel assistance.
• Banking benefits.
• Free parking.
• Safety shoe and eye glass discounts.
• Fitness center discounts.
• Generac Scholars Program.
• Product Loan Program for Employees.
• Generac products discounts.
• Computer discounts.
• Cell phone discounts.
• Discounts tickets to movies, theme park and other entertainment events.
• Select store discounts.